Global Enriched Milk Powder Market: Emerging Economies Expected to Influence Growth until 2028

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While milk powder is utilized by consumers as a substitute for fresh milk or as ingredients in the processed food, enriched milk powder are products that are made nutritionally rich to meet demands of consumers at various stages of life. Enriched milk powders are usually fortified with various nutrients such as calcium, iron and folate. Further, some manufacturers have incorporated important vitamins such as vitamin A & D in enriched milk powder formulation. Enriched milk powder produced from bovine milk are categorized among high esteem food due to their higher nutritional value, especially protein. In formulated food products that include these proteins of enriched milk powder, these proteins bind and emulsify fat and carry out other physiochemical properties to deliver textural and rheological properties to the formulated foods.

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Rising importance of fortified blended food, particularly in malnourished and vulnerable population, has propelled the consumption of enriched milk powder worldwide. Moreover, with the rising consumer preference for health and fitness, demand for enriched milk powder is likely to grow in near future. Moreover, advances in packaging design and preservation technology have assisted in extending the already higher shelf life of the enriched milk powder. Factors as such are expected to bode well for the future growth of the Enriched Milk Powder Market in coming years.

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 Segmentation

On the basis of flavor, the global enriched milk powder market has been segmented as –

  • Regular
  • Chocolate
  • Vanilla
  • Caramel
  • Others

On the basis of application, the global enriched milk powder market has been segmented as –

  • Yogurt
  • Bakery
  • Ice-cream
  • Confectionery
  • Nutrition
  • Infant Formula
  • Processed Cheese
  • Retail
  • Others

On the basis of the distribution channel, the global enriched milk powder market has been segmented as –

  • Direct
  • Indirect
  • Store-based Retail
    • Hypermarket/Supermarket
    • Convenience Stores
    • Specialty Stores
    • Independent Stores
    • Others
  • Online Retail

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.

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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.  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.

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

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