Global Skimmed Milk Powder Market is valued at USD 8.99 Billion in 2021 and expected to reach USD 13.08 Billion by 2028 with the CAGR of 5.50% over the forecast period.
Skimmed Milk Powder Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028
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The forecast period 2018-2024 is expected to show significant growth in Global Skimmed Milk Powder Market. There will be a new resurgence in the sales and utilisation of Skimmed milk powder product. Are you ready to cope up with growing market? No, then have a look at our report overview and send your query to us
Skimmed milk powder is the resultant of partial fat and water removal from the pasteurized milk. Skim milk powder (SMP) has low moisture and fat contents and, when stored in dry, cool conditions, has a shelf life in excess of two years. Specifically, when stored at 15°C and a relative humidity of 75%, skim milk powder has a minimum shelf life of two years, an average shelf life of three years and a maximum shelf life of four years.
Our report studies global Skimmed milk powder market and covers historical and forecast data for Type, Application, regional and country level.
Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the Skimmed milk powder industry.
Based upon type segment, Flavored Non Fat Skimmed milk powder segment dominated the Skimmed milk powder market in the 2016. The Flavored Non-Fat Skimmed milk powder segment is likely to register significant CAGR during the forecast period.
Based upon category segment, the bakery and confectionery Skimmed milk powder segment is expected to dominate the Skimmed milk powder market during the period of 2017?2024, as compared to the other Skimmed milk powder segment.
The Strong Growth Of Skimmed milk powder Market
Trends Toward Skimmed milk powder Market
Factor Affecting Skimmed milk powder Market
Supply Demand Gap Analysis
|Forecast Period||2021 - 2027|
|Market Size in 2021:||USD 8.99 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 13.08 Billion|
|Tables, Charts & Figures:||175|
|Danone, Nestle, Friesland Campina, Arla, Alpen Dairies, California Dairies, DFA, Lactalis, Lactoland, Clover Fonterra, Miraka, Synlait Milk, Nova Dairy, Dairy America, Amul, others.|
By Type, By Application
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
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