Milk Powder
Milk Powder Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
Skim
Market Skim
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Skim Milk Powder Market Size and Growth
The global skim milk powder market is projected to reach a value of $16.9 billion by 2027, growing at a CAGR of 4.1% from 2020 to 2027. Factors driving market growth include the increasing preference for healthy and low-fat dairy products, rising demand for convenience foods, and growth in the food and beverage industry.
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Companies Covered (Covid 19 Impact Covered)
◍ Nestle (Switzerland)
◍ Alpen Dairies (Netherland)
◍ Miraka (New Zealand)
◍ Fonterra (New Zealand)
◍ Lactoland (Germany)
◍ Amul (India)
◍ Nova Dairy products (India)
◍ Synlait milk ltd (New Zealand)
The Skim Milk Powder market is highly competitive with key players such as Nestle, Alpen Dairies, Miraka, Fonterra, Lactoland, Amul, Nova Dairy products, and Synlait milk ltd. These companies utilize Skim Milk Powder in various dairy products to cater to a wide range of consumer preferences, contributing to the growth of the market.
- Nestle: Sales revenue of $90 billion
- Fonterra: Sales revenue of $20 billion
- Amul: Sales revenue of $5 billion
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Market Segmentation
By Application
◍ Dairy Products
◍ Confectionery
◍ Sports And Nutrition Foods
◍ Infant Formulas
◍ Bakery Products
◍ Dry Mixes
◍ Others
By Product
◍ Reconstituted Skim Milk Powder
◍ Recombined Skim Milk Powder
◍ Others
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Market Growth
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$ X Billion USD
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