Inquire Before Buying
Speak to an Analyst 
Request Brochure 
Request CustomizationIMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More
Skimmed Milk Powder (SMP) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24363
Year End
sale
Buy Now
Skimmed Milk Powder (SMP) Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Skimmed Milk Powder (SMP) | Chemical | USA | 2601 USD/MT |
| Skimmed Milk Powder (SMP) | Chemical | India | 2894 USD/MT |
| Skimmed Milk Powder (SMP) | Chemical | Germany | 2912 USD/MT |
The price of skimmed milk powder (SMP) in the United States for Q4 2023 reached 2601 USD/MT in December. The price for skimmed milk powder (SMP) in India reached 2894 USD/MT in December 2023. In Germany, skimmed milk powder (SMP) prices reached 2912 USD/MT.
Skimmed Milk Powder (SMP) Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Skimmed Milk Powder (SMP) Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of skimmed milk powder (SMP) pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of skimmed milk powder (SMP) at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of skimmed milk powder (SMP) price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing skimmed milk powder (SMP) price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Skimmed Milk Powder (SMP) Market Analysis
The global skimmed milk powder (SMP) market size reached US$ 12.11 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 20.63 Billion, at a projected CAGR of 6.10% during 2023-2032.
- The demand for commodities such as skimmed milk powder (SMP) dairy products has been on the rise due to growing population and urbanization across the world notably in developing countries. Hence, SMP provides well with the needs of populations where fresh milk may hard to come by, lasts for a very long time on the shelves and is easy to transport. The U.S. Department of Agriculture (USDA) reported that the growth in the dairy market internationally was 2.5% in 2022, mostly due to SMP’s influence in providing supplies for these products. The countries that don’t have adequate milk production to feed their population and exist mostly in Asia and Africa have recorded high importation of SMP. The USDA reported a 3.2% increase in SMP exports in 2022, highlighting its growing significance in the global dairy supply chain. Such a crisis trend emphasizes the essential place that SMP occupies in guaranteeing nutritional safety and facilitating the food sector’s performance in various emerging markets.
- Skimmed milk powder is very much preferred, especially in its nutritional value as it is very rich in protein vitamins, and minerals and low in fat. At present, consumers are more conscious about their health hence preferring products that are low in fats and high in protein which in turn will enhance the sale of SMP. This trend is supported by the U.S. Department of Agriculture (USDA), which reports a 4.1% annual growth rate in the use of SMP in health products and supplements. SMP is used in the preparation of prepared food with nutrients, sports nutrition, and meal replacement products. It contains high protein which enhances muscle building and strength, making it popular among bodybuilders. Along with this, it is used as a food supplement in food processing, improving the nutritional value of many foods, bakery products, processed meat, pre-cooked, and convenience foods. Health consciousness is one of the biggest influences on the SMP market.
- The increase in productivity because of technological enhancements in the production and processing of skimmed milk powder has further fueled the market expansion. Recent technological developments in technology in drying techniques such as spray drying and freeze-drying have improved the quality, solubility, and shelf life of SMP. The U.S. Department of Agriculture (USDA) reported that these advancements have led to a 2.8% reduction in SMP production costs in 2022. Recent advancements in processing techniques enable the production of high-quality SMP that offer enhanced safety and nutritional value. These technologies enable some modification of SMP to make it suitable for confectionery, bakery, and the dairy industry. The increased production speed and improved cost-savings make SMP a better option for the manufacturers, which in turn results in the demand for SMP. Moreover, the fact that the invention of green process technologies means they broach environmentally conscious manufacturing procedures that have gained traction among consumers and regulators.
Skimmed Milk Powder (SMP) News
The report covers the latest developments, updates, and trends impacting the global skimmed milk powder (SMP) market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in skimmed milk powder (SMP) production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the skimmed milk powder (SMP) price trend.
Latest developments in the skimmed milk powder (SMP) industry:
- March 4, 2024: The Government of India has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the Finance Ministry.
- In June 2023, Skimmed milk powder prices experienced volatility, while butter prices remained stable. Market fluctuations in SMP were attributed to changing demand dynamics, whereas butter maintained steady due to consistent consumer demand and balanced supply.
Product Description
Skimmed milk powder (SMP) is a dairy product produced from the process of spraying heat-treated pasteurized skim milk and removing the water content from it. This dehydration increases the shelf life of the milk while at the same time, it allows easier transportation and storage, especially in areas with restricted cold chains. SMP is a very useful ingredient that is used in various foods and sometimes in beverages. This is used widely as an additive in bakery products, confectionery, dairy products, and nutritional supplements because of its texturizing, flavoring, and nutritional attributes. Furthermore, it is an essential ingredient in evaporated milk whereby it is used to reconstitute it giving consumers who may not frequently access fresh milk a good product to use.
Nutritionally aware buyers prefer SMP because it is an excellent protein source and is low in fat, ensuring it is fit for products with nutritional values such as protein enhancers and substitute meals. It has a long shelf-life and is stable, which makes it excellent for situations of course food rations/stocks and in areas of low and high levels of dairy supply.
Regional Coverage
The report provides a detailed analysis of the skimmed milk powder (SMP) market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the skimmed milk powder (SMP) price trend.
Global Skimmed Milk Powder (SMP) Price
The report offers a holistic view of the global skimmed milk powder (SMP) pricing trends in the form of skimmed milk powder (SMP) price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of skimmed milk powder (SMP) but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed skimmed milk powder (SMP) demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Skimmed Milk Powder (SMP) Price
European skimmed milk powder (SMP) prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed skimmed milk powder (SMP) price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Skimmed Milk Powder (SMP) Price
The analysis of skimmed milk powder (SMP) prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific skimmed milk powder (SMP) historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Skimmed Milk Powder (SMP) Price
The report explores the skimmed milk powder (SMP) pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on skimmed milk powder (SMP) prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Skimmed Milk Powder (SMP) Price
The skimmed milk powder (SMP) pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This skimmed milk powder (SMP) price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Skimmed Milk Powder (SMP) Price
The analysis of skimmed milk powder (SMP) prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Skimmed Milk Powder (SMP) |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Skimmed Milk Powder (SMP) Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of skimmed milk powder (SMP) pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting skimmed milk powder (SMP) price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The skimmed milk powder (SMP) price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase Options Year End sale
For 2 Deliverables, Billed Annually
For 4 Deliverables, Billed Annually
For 12 Deliverables, Billed Annually
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-714-6104
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More
IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.
Read More
I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested
Read More
Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.
Read More
The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.
Read More
I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you
Read More
The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.
Read More
One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.
Read More
We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.
Read More
The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.
Read More
The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.
Read More
The report is excellent and has good amount of data and our team is extremely happy with the information provided.
Read More
Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.
Read More