Non Fat Dry Milk Market: Asia-Pacific Excluding Japan (APEJ) to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)
Non fat dry milk market research report covers a global market view of nonfat dry milk. It includes various regions which are scrutinized to get a brief understanding about the market. There are various benefits of nonfat dry milk, such as long shelf life, easy to transport, when added to food products, it improves thickness as well as texture, and hence are used widely in puddings, soups, cakes, meat products etc., and moreover, they are a good functional dairy solid, nonfat dairy solids and protein source. However, the prices of nonfat dairy milk are rising. Also, sometimes, their taste changes, becomes less rich as compared to the original product. These limitations might create hindrances to the growth of the global nonfat dry milk market. The global nonfat dry milk market is poised to reach US$ 7.9 Bn by the end of 2022 and is anticipated to grow at a steady CAGR throughout the period of forecast of 2017 to 2022.
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7 Forecast Highlights on Global Nonfat Dry Milk Market
High-heat segment expected to dominate the market for nonfat dry milk as well as poised to grow at a CAGR of 4.5% throughout the period of forecast, 2017 to 2022. This segment is poised to gain high BPS by 2022 end By sales channel, the online channel sub category likely to grow at a high rate portraying a CAGR of 3.9% during the period of 2017 to 2022. Modern trade segment dominated the global market in 2016 and trend is observed in 2017, it is more likely to continue growing and maintain its dominance till 2022. Nutritional supplements segment by application grows at highest rate reflecting 4.4% CAGR during the assessment period of 2017 to 2022, but shows less market share. Other retail formats category in sales channel has high potential and grows at 3.6% CAGR and also expected to gain high BPS by 2022 end
Home reconstitutions segment in applications category dominates the market in terms of market share. Bakery and confectionery segment also shows high potential, stands second with respect to growth rate as well as market share during the assessment period of 2017 to 2022. Asia-Pacific excluding Japan (APEJ) region has high market attractiveness and dominates the market with higher market share as well as high growth rate. The Asia-Pacific excluding Japan (APEJ) region is likely to grow at the highest CAGR of 3.8% as compared to other regions. North America follows APEJ in terms of growth rate and market share, also shows high potential.
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The report has also profiled key leading players in the global nonfat dry milk market, which would remain active through 2022. These include players like The Hain Celestial Group, Inc., SunOpta, Inc., Organic Valley Cropp Cooperative, Eden Foods Inc., Earth's Own Food Company Inc., Danone, OATLY A.B and Blue Diamond Growers, Inc.
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Name: Abhishek Budholiya
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Organization: Future Market Insights
Release ID: 89006562