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(HomeGarden247.com, June 12, 2018 ) Milk Powder is obtained by the evaporation of milk till the point where it takes a dry form in the form of a powder. Milk powder is mainly manufactured to increase the shelf life of milk as it can be preserved for a longer time due to its low moisture content. There are huge savings on the transportation costs as the weight is decreased exponentially due to the removal of water.
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The global Milk Powder market is estimated to grow at a considerable rate during the forecast period. The market growth can be attributed to the shifting preferences towards dairy combined with the increased shelf life and rising disposable incomes of the populace.
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Market Underlying Factors
There are a variety of uses of milk powder ranging from its application in the preparing of infant’s formula to confectionaries in the production of caramel candy and chocolate. Particularly in the case of war struck countries, milk powder is relied on heavily for the provision as a source of milk as it is much easier to transport and store as compared to fresh milk. It is also used in the preparation of delicacies.
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As of now, North America with its seasoned market and high consumer awareness accounts for the largest share of global Milk Powder market, followed by Asia Pacific and Europe.
The major market contributors for the global Milk Powder market are Danone (France), Lactalis (France), Frieslandcampina (Netherlands), Nestle (Switzerland), Arla Foods (Denmark), Dairy Farmers Of America (U.S.), Kraft Foods (U.S.), Dean Foods (U.S.), Fonterra (New Zealand), and Saputo (Canada).
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