Whole Milk Powder Market Overview:
The dairy sector is thriving saliently across the globe which is fuelling demand for dairy products such as whole milk powder. The developments in product lines of prominent market players along with advanced packaging solutions that increase the shelf life of the product will multiply revenue generation from the whole milk powder market. The nutritional value of milk is the key driving factor of market growth as a paradigm shift towards a healthy lifestyle is observed in the consumer behavior. The increase in disposable income and changing lifestyle of the consumers are propelling expansion of whole milk powder market. However, whole milk fat content and availability of substitutes in the market are poised to be the key restraints in the market over the projection period.
Major Key Players Analysis: The key players profiled by MRFR in its report on Global Whole Milk Powder Market to gain a deeper insight into the market include Lakeland dairies (Ireland), Regilait (France), DANA Dairy Group Ltd (Switzerland), Nestle (Switzerland), Miraka (New Zealand), Lactoland (Germany ), Alpen Dairies (Netherland), Fonterra (New Zealand), Gracia Hnos Agroindustrial SRL (Argentina), Rawa Pharm(Slovakia), and, Synlait milk ltd (New Zealand). The players strive to retain their prominence and strengthen their market footholds by strategizing tactics such as product developments, partnerships & collaborations, acquisitions, & mergers, business expansion, etc.
Industry News: The Ministry of Commerce and Industry, Government of India, has extended the ban on the imports of milk and milk products such as whole milk powder, skimmed milk powder, etc. including chocolates and chocolate products from China. The ban has been extended to the 23rd of December 2018. The ban was imposed on the grounds that the milk imported from China was contaminated with melamine content. Earlier, a one-year ban was imposed, but as there have been no representations from the Chinese counterparts, it has been extended.
Milk price index is launched in Australia for dairy farmers for better understanding and interpretation of commodity market price signals. With the launch of this index, farmers will be enabled to see an index of commodity prices received by dairy processors for whole milk powder, cheese, skim milk powder, and, butter exports. There will also be a forecast of prices for one year that will be updated quarterly.
Market Segmentation: By Process, global Whole Milk Powder Market has been segmented into Freeze Drying, Spray Drying, Evaporation and others.
By Packaging Type, the market for whole milk powder is segmented into Vaccum Packing, Nitrogen Packing and others.
By Application, the market is segmented into Confectionery, Dairy, Bakery, Infant Formula and others.
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