Enriched Milk Powder Market: Analysis of Key Trends and Drivers Shaping Future Growth until the End of 2028

Posted on 2018-08-17 by Mark Hub in Food & Beverage // 0 Comments

Fact.MR

ROCKVILLE, US, 2018-Aug-17 — /EPR Network/ — Global dairy industry is currently going through a period of several changes owing to slowing demand from China, removal of European Union milk quotas, and Russia’s trade restriction. Despite this, an upsurge in the growth of dairy sector remains positive in the near future owing to rise in global population, changing lifestyle, and altering demand for healthy products are expanding the need for dairy products. Milk is one of the most produced and valuable agricultural commodities globally. Mainly, nowadays, enriched milk powder and whole milk powder are the most traded agricultural commodities. Enriched milk powder has a long shelf life compared to liquid milk and does not require to be refrigerated due to the low moisture content in the powdered milk. The primary purpose of drying milk is to preserve it for a long time. The powder form is made from milk blended with vegetable oil and lecithin. Thus, to add more nutrients such vitamins and minerals in the milk companies are introducing enriched milk powder products to meet changing consumers need for health nutritional supplements. Unopened enriched milk powder in tins can last for many years while liquid milk with cans in optimal conditions could last for few months. Drinking enriched milk powder daily may help to prevent gout flare-ups. According to an independent study, it has been shown that consumers who drank enriched milk powder had fewer gout attacks and less painful symptoms.

Request Brochure of this Report @ https://www.factmr.com/connectus/sample?flag=B&rep_id=657

Enriched Milk Powder Market: Reasons for Covering this Title

Rising in the disposable income of the population, increase in urbanization, expanding per capita milk consumption, and growing demand for nutritional products will drive the growth of enriched milk powder market during the forecast period. Additionally, increasing prevalence of gout attacks owing to limit diet of dairy products will also be a driving factor for the revenue growth of enriched milk powder market. As adding dairy products to diets will reduce gout attacks which is a form of arthritis and related symptoms. However, availability of alternative products may limit the growth of the enriched milk powder wheat market during the forecast the period. The enriched milk powder market in Europe is expected to be the leading markets in the global enriched milk powder market followed by North America owing to the high consumption of powder milk in the region.

Global Enriched Milk Powder Market: Key Players

Some of the key players operating in the global enriched milk powder market are Glanbia PLC, Nuztri Best Health Products Ltd., Arla Foods amba, Fasska – Par S.A., Fonterra Co-operative Group Limited, Muntons Malted Ingredients Inc., Aurivo Co-operative Society Ltd., Synlait Milk Ltd., Lactalis American Group, Inc., Gujarat Cooperative Milk Marketing Federation, Milligans Food Group Ltd., Corlasa S.A., Tesco PLC, and others.

Companies are focusing on introducing novel enriched milk powder with unique flavors to expand their customer base. Health and wellness trend is also gaining popularity among people that will be a key consideration for manufacturers while developing an innovative and new product development in enriched milk powder market. Moreover, the e-Commerce trend continues to grow at a rapid pace as retail and consumers are indeed evolving. Thus, retailers must make better use of technology to adapt changing consumption patterns and shifting in the retail industry. With increasing in the consumption of milk powder among consumers the enriched milk powder market is witness robust growth during the forecast period. MEA is expected to witness the significant growth rate in the global enriched milk powder market due to rising per capita spending on dairy along with expanding trading of milk products in the regions.

Enriched Milk Powder Market: Key Developments

In 2017, FrieslandCampina has introduced specially formulated Peak Filled Instant enriched Milk Powder, to nourish families with important vitamins and minerals along with expanding the customer base. The company’s product is creamy and contains 28 vitamins and minerals for stronger bodies and a sharper mind.

In 2015, Fonterra Co-operative Group Limited launched a new vitamin-enriched milk powder- ultra-premium ‘Anchor Kid’s Golden Milk’ in China. This new milk product contains 20% higher average protein content present in existing Chinese kid’s milk products. Company’s Anchor Kid’s Golden Milk also include high calcium content and no additional additives and sweeteners other than vitamins.

Opportunities for Market Participants in the Enriched Milk Powder Market

According to an independent study conducted by the researchers at the University of Auckland in New Zealand among 102 people suffering from gout attacks, it has been observing that people who drank enriched milk powder had a noticeably more significant reduction in the gout attacks. Thus, increasing the prevalence of chronic diseases among people and changing consumer preferences, some of the researchers and companies are investing in the research and development activities and patent application related to milk products to improve market share along with presence by introducing a novel product in the market.

To know more about the Enriched Milk Powder Market, Visit the link @ https://www.factmr.com/report/657/enriched-milk-powder-market

Moreover, companies are focused on receiving various certifications such as Halal certification, GMO-free, and others to meet growing industrial standards are the factors which are creating opportunities for enriched milk powder manufacturers in the market. Enriched milk powder offer various benefits such as it provide excellent nutritional profile, stable shelf-life, functional, and cost effective benefit which will accelerate the growth of enriched milk powder market. Asia-Pacific is projected to have the substantial growth in the global enriched milk powder market over the forecast period due to rise in demand for nutritional products, increasing consumption of dairy products, and growing consumer awareness about the benefit of enriched milk powder products.

Brief Approach to Research

A modelling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the type, application, and distribution channel of the product segments covered in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data is collected at a regional level, consolidated and synthesized at a global level to estimate the overall market sizes.

Key Data Points Covered in the Report

Some of the key data points covered in our report include:

An overview of the enriched milk powder market, including background and evolution
Macroeconomic factors affecting the enriched milk powder market and its potential
Market dynamics impacting the enriched milk powder market, such as drivers, challenges and trends
Detailed value chain analysis of the enriched milk powder market
Cost structure of the enriched milk powder products and segments covered in the study
In-depth pricing analysis, by key product segments, regions and by major enriched milk powder market participants
Analysis of enriched milk powder supply and demand, such as top producing and consuming geographies, imports/exports and overall trade scenario
Analysis of the enriched milk powder market structure, including a tier-wise categorization of key market participants
Competitive landscape of the enriched milk powder market, including detailed profiles of the top players in this market

This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on

Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology

Regional Segments Analyzed Include

North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

Highlights from the Report

Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness

Request TOC of this Report @ https://www.factmr.com/connectus/sample?flag=T&rep_id=657

About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Food & Beverages Market Insights. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Matched content

Editor’s pick