Global Non-Fat Dry Milk Market - 2023-2030

Global Non-Fat Dry Milk Market - 2023-2030

Global Non-Fat Dry Milk Market reached US$ 7.1 billion in 2022 and is expected to reach US$ 12.0 billion by 2030 growing with a CAGR of 6.8% during the forecast period 2023-2030. The non-fat dry milk market is witnessing a trend toward organic and non-GMO varieties, driven by health-conscious consumers seeking natural and additive-free options. Manufacturers are responding by offering healthier choices, free from synthetic additives and genetically modified ingredients.

The non-fat dry milk Market is a significant segment within the dairy industry, offering a convenient and versatile dairy powder with lower fat content. Produced by removing water from pasteurized skim milk, non-fat dry milk retains essential nutrients and serves as a valuable ingredient in various food applications. Its extended shelf life and ease of storage make it a preferred choice for food manufacturers seeking functional and nutritious dairy alternatives.

Non-fat dry milk's low calorie (109) and fat content (0.2g) make it a health-driven choice, offering 38% of recommended calcium and vital vitamin D for healthy bones. It provides selenium and riboflavin, supporting thyroid health and energy production. As health-conscious consumers seek reduced calories and saturated fat, non-fat dry milk becomes a favored option for a healthier lifestyle.

Market Dynamics

Rising Demand for Convenient and Nutritious Dairy Alternatives Drives Non-Fat Dry Milk Market

The non-fat dry milk market trend is driven by the increasing demand for convenient and nutritious dairy alternatives. As consumers seek healthier options, non-fat dry milk offers a versatile solution with lower fat content and essential nutrients, making it a preferred choice for various food applications. With the increasing demand for nutritious and functional dairy ingredients, the non-fat dry milk market is expected to witness significant growth in the coming years.

Additionally, the growing popularity of dairy powder production, driven by the dairy processing industry's evolving needs, contributes to the market's expansion. Non-fat dry milk's application in bakery, confectionery, and dairy-based products further enhances its market share and growth. Moreover, as the food industry continues to innovate and develop new products, non-fat dry milk's versatility and extended shelf life make it an attractive ingredient for manufacturers, fueling its market size.

Consumer Shift Towards Healthy Lifestyles Boosts Non-Fat Dry Milk Market

The non-fat dry milk market trend is driven by a significant consumer shift towards healthier lifestyles and dietary choices. As more individuals prioritize their well-being, the demand for dairy alternatives with lower fat content and nutritional benefits, like non-fat dry milk, has surged. As health consciousness continues to shape consumer preferences, the non-fat dry milk market is expected to witness sustained growth, driven by the rising demand for healthier and functional dairy alternatives.

Additionally, the increasing adoption of non-fat dry milk in the food industry contributes to its market share growth. Food manufacturers are recognizing the product's versatility and long shelf life, making it an appealing choice for various applications in bakery, confectionery, and dairy-based foods. Moreover, advancements in packaging and distribution technologies have further bolstered the non-fat dry milk market size.

Supply Chain Disruptions Impede Non-Fat Dry Milk Market Growth

One significant restraint facing the non-fat dry milk market is supply chain disruptions. As the market size grows, ensuring a steady and efficient supply chain becomes crucial. Disruptions in transportation, production, or sourcing of raw materials can affect the availability of non-fat dry milk products, impacting non-fat dry milk market share and growth.

During the COVID-19 pandemic, the non-fat dry milk market experienced challenges in logistics and labor, leading to fluctuations in supply and demand dynamics. Furthermore, fluctuations in milk production, which is the primary source of non-fat dry milk, can also contribute to supply chain challenges. Additionally, factors like weather-related issues and geopolitical tensions can further hinder the smooth flow of non-fat dry milk within the market.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it to pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global non-fat dry milk market has been segmented by type, application, end-user, distribution channel, and region.

Balanced and nutritious Moderate-Heat Non-Fat Dry Milk Gaining Momentum in Non-Fat Dry Milk Market

The global non-fat dry milk market has been segmented by type into high-heat, moderate-heat, and lower-heat.

The Moderate-Heat segment of non-fat dry milk plays a crucial role in the dairy powder market, accounting for approximately 30% of the market share. This variety is produced through a less intense heat process, resulting in a milder flavor and a lighter color compared to the more robust High-Heat type. Moderate-Heat non-fat dry milk, also known as skimmed milk powder or low-fat dry milk, retains essential nutrients while offering a versatile dairy powder solution.

Its balanced flavor and color make it an attractive option for diverse food applications, including bakery, confectionery, and various dairy products. As the demand for nutritious and functional dairy ingredients rises, the Moderate-Heat segment continues to gain traction in the dairy industry, catering to the evolving needs of consumers and food manufacturers alike.

Geographical Analysis

Asia-Pacific's Non-Fat Dry Milk Market Surges with Growing Demand for Nutritional Dairy Alternatives

By region, the non-fat dry milk market is segmented into North America, South America, Europe, Asia-Pacific, Middle-east, and Africa.

The Asia-Pacific non-fat dry milk market is experiencing significant growth. Non-fat dry milk, often referred to as milk solids, spray-dried milk, or instant skim milk, is becoming more and more well-liked because it can be used in a variety of culinary preparations and is extremely convenient. The expanding dairy processing industry and rising demand for milk powder production further fuel the market's expansion.

Asia-Pacific commands a notable 35% market share in the global non-fat dry milk market. The region's dominance can be attributed to the growing consumer preference for healthier dairy options and the food industry's preference for shelf-stable dairy ingredients. With its long shelf life and ability to support various food processing needs, non-fat dry milk continues to capture the interest of health-conscious consumers and food manufacturers alike.

Competitive Landscape

The major global players in the market include Nestlé, Danone, Fonterra Co-operative Group Limited, Arla Foods, Saputo Inc., Dean Foods Company, Dairy Farmers of America (DFA), FrieslandCampina, Amul, and Lactalis Group.

Why Purchase the Report?
• To visualize the global non-fat dry milk market segmentation based on type, application, end-user, distribution channel, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of non-fat dry milk market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global non-fat dry milk market report would provide approximately 69 tables, 69 figures, and 190 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies