Enriched Milk Powder Market Applications, Segmentation, Trends Analysis, Future Dynamics and Industry Insights By 2028

CITY, Country, 2021-Feb-10 — /EPR Network/ —

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.

The COVID-19 pandemic has led to a lot of disruptions in the supply and manufacturing in the global food and beverage segment. This has created a lot of uncertainties in multiple different aspects. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.

With the World Health Organization’s REPLACE initiative that aims to expunge trans fats from the global food chain by 2023, manufacturers have already started producing trans-fat-free food products; however, the main challenge is bringing F&B companies across the world up to speed with this initiative.

In 2021, health and wellness will be focused on maintaining a healthy body and mind by staying physically fit, eating a better diet and taking measures to improve emotional health. A new consideration for the food and beverage industry will be the need for safety, which will affect both how and where consumers shop.

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Consumers will also be more cost-conscious because of economic uncertainty which will drive demand for value. However, there will still be space for premium products that provide exciting experiences to fill the void of other forms of entertainment that consumers are missing because of the pandemic, such as travel and eating at restaurants.

Enriched Milk Powder Market Outlook

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.

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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

Market Growth for Enriched Milk Powder Market by Indirect Distribution Channel Segment

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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