Non-fat Dry Milk Market Anticipating a 3.1% CAGR Surge Through 2033 as a Delectable Dairy Solution for Modern Dietary Needs | FMI

The non-fat dry milk market is anticipated to expand steadily between 2023 and 2033, with a predicted CAGR of 3.1%. The estimated market worth is expected to rise from US$ 8.4 billion in 2023 to US$ 11.3 billion by 2033.

This development can be attributed to several crucial factors shaping market dynamics. Non-fat dry milk finds extensive application in the expanding market for functional foods and beverages due to its adaptability and ability to enhance nutritional value. The increasing popularity of plant-based diets has also driven the growth of non-dairy alternatives like non-fat dry milk, providing consumers seeking lactose-free or vegan products with a viable choice.

With increasing health and nutrition awareness, consumers are actively seeking low-fat or non-fat food options. Non-fat dry milk provides a viable solution for those who want to reduce their fat intake while still enjoying the benefits of dairy products. This health-conscious trend contributes to the higher adoption of non-fat dry milk, benefiting the market.

Request the sample copy and unlock valuable insights into our comprehensive Non-fat Dry Milk Market report! https://www.futuremarketinsights.com/reports/sample/rep-gb-4853

The longer shelf life of non-fat dry milk makes it an attractive choice for food manufacturers looking to improve their product’s stability and reduce waste. This advantage allows manufacturers to stock up on non-fat dry milk and plan production schedules more efficiently, leading to cost savings and enhanced supply chain management.

The ease of reconstituting non-fat dry milk into liquid milk offers flexibility to food manufacturers. They can use it as an ingredient in various applications without the need for fresh milk, which might have limited availability or require specialized storage and handling. This versatility encourages greater adoption of non-fat dry milk in diverse food products, further driving market growth.

Key Takeaways

  • United States Leads the Pack: With a commanding 30.4% market share, the United States dominated the non-fat dry milk industry in 2022. This product’s popularity stems from its adaptability, extended shelf life, and the increasing customer preference for healthier dairy alternatives. As a result, there is a high demand for this product across the nation, reinforcing its strong market position.
  • Germany Displays Strong Development: With an 8.6% market share in non-fat dry milk in 2022, Germany is on a solid development trajectory. The nation’s commitment to producing environmentally friendly and high-quality dairy products has contributed to the steady growth of this market. Additionally, the increasing trend of using non-fat dairy alternatives in various food applications further fuels the demand for these products in the country.
  • Japan Investigates Non-fat Options: Japan’s 4.1% market share in 2022 indicated a surging interest in non-fat dry milk. The demand for low-fat products is on the rise in Japan as consumers increasingly prioritize healthy options and actively seek dairy substitutes. This trend is consistent with the nation’s changing food culture and the pursuit of healthy eating practices.
  • Health Awareness Fuels Demand in Australia: Australia’s 2.3% market share in 2022 showcases the nation’s strong inclination towards health trends, reflected in the growing demand for healthier dairy products like non-fat dry milk. With health-conscious customers on the rise and an increasing preference for low-fat and non-fat goods, the country’s demand for non-fat dry milk is steadily increasing.
  • Potentials are Visible in China and India: With a CAGR of 2.5% and 3.8%, respectively, China and India show great potential for non-fat dry milk. These developing markets are observing a change towards better dietary options, such as low-fat dairy substitutes. In the coming years, both China and India hold significant promise for non-fat dry milk producers, driven by their large populations and increasing disposable incomes.

Click Here to Request Methodology Details! https://www.futuremarketinsights.com/request-report-methodology/rep-gb-4853

Competitive Landscape

The non-fat dry milk industry is moderately competitive, driven by several significant factors. One key aspect is the continuous market expansion, which attracts new players and intensifies competition among existing ones. As the demand for functional foods and beverages grows, the significance of non-fat dry milk as a crucial component further amplifies the competitive environment.

Cargill

A global leader in agricultural goods and food ingredients is Cargill. They provide various non-fat dry milk products in high, medium, and low heat options. Due to their large product selection, global presence, and dedication to quality, Cargill is a formidable rival.

FrieslandCampina

Dutch dairy cooperative FrieslandCampina is based in the Netherlands. They are among the biggest dairy producers in the world and provide a variety of non-fat dry milk. Due to its great brand recognition, a wide range of products, and dedication to sustainability, FrieslandCampina is a formidable rival.

Lactalis

The dairy manufacturer Lactalis is based in France. They are among the biggest dairy producers in the world and provide a variety of non-fat dry milk. Due to their large product selection, global presence, and dedication to quality, Lactalis is a formidable rival.

Arla Foods

A Danish dairy cooperative, Arla Foods. One of the biggest dairy enterprises in Europe, they provide a variety of non-fat dry milk. Due to its well-known brand, a wide range of products, and dedication to sustainability, Arla Foods is a formidable rival.

Key Developments

  • In August 2021, Aadvik Foods, the pioneering brand in India that introduced the camel milk industry, unveiled a new product: Donkey non-fat dry milk. By adding this product to its portfolio, the company enhances its distinctive range, which already includes raw camel milk powder, frozen camel milk, goat milk powder, frozen goat milk, and more.
  • In May 2021, Lactalis Ingredients broadened its milk powder selection by introducing a fresh addition – organic whole, non-fat dry milk. This milk is sourced solely from French dairy farms that adhere strictly to the standards of organic farming. These stringent organic specifications ensure a product that is entirely free from neutralizing agents, antibiotics, preservatives, and other additives.

Unlock the secrets of the Non-fat Dry Milk Market! Purchase now and delve into the intricacies of each segment. https://www.futuremarketinsights.com/checkout/4853

Non-Fat Dry Milk Market By Category

By Product Type:

  • High-heat
  • Medium-heat
  • Low-heat

By Sales Channel:

  • Modern Trade
  • Traditional Grocery Store
  • Convenience Stores
  • Online Channels
  • Direct Sales

By Application:

  • Home Reconstitutions
  • Dairy Whiteners
  • Bakery and Confectionery
  • Desserts
  • Ice-cream
  • Dairy Blends
  • Snacks
  • Nutritional Supplements

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these