Global Skimmed Milk Market - 2023-2030

Global Skimmed Milk Market - 2023-2030

The Global Skimmed Milk Market US$ 10.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 18.3 billion by 2030. The market is growing at a CAGR of 7.2% during the forecast period 2023-2030.

With growing awareness about health and wellness, consumers are seeking healthier alternatives to full-fat dairy products. Skimmed milk production process includes separating all the cream from whole milk during the milk separation process. Skimmed milk, also known as low-fat milk or fat-free milk, with its lower fat content, is perceived as a healthier choice, leading to increased growth of skimmed milk market. Skimmed milk, with reduced lactose content compared to whole milk, caters to this segment, driving skimmed milk market growth.

Skimmed milk application has extensive use in the food and beverage industry, particularly in producing dairy-based products, such as yogurt, cheese, ice cream, and desserts. The growing demand for these products contributes to the overall growth of the skimmed milk market.

Market Dynamics

Rising Awareness of the Health Benefits Associated With Skimmed Milk is Driving the Market Growth

With an increasing focus on health and wellness, consumers are becoming more conscious about their dietary choices. The cream from whole milk is removed using skimming techniques to produce skimmed milk. For instance, while whole milk contains 3,5% fat, skimmed milk has only 0.1%. Skimmed milk contains more macronutrients, calcium, and phosphorus but fewer calories.

Regarding macronutrients, 200 ml of whole milk is 7 grams, while the equivalent amount of skim milk is 7.3 grams. Skim milk only has 71 calories per 200 ml compared to 130 calories in whole milk.

Skimmed milk is known to be beneficial for cardiovascular health. It has lower cholesterol levels and saturated fats, which are associated with an increased risk of heart disease. Hence, the nutritional profile of skimmed milk has led to an increased preference for skimmed milk among individuals concerned about their heart health.

Allergies Associated with Skimmed Milk Can Hamper the Growth of the Skimmed Milk Market

Allergies can indeed impact the market growth of skimmed milk, as they can limit the number of potential consumers and affect consumer preferences. Some individuals have allergies to milk proteins, particularly casein and whey, in skimmed milk.

When these individuals consume skimmed milk or other milk products, they may experience allergic reactions such as hives, swelling, digestive issues, or even severe anaphylaxis. Hence, allergies and intolerances pose challenges to the market growth of skimmed milk,

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 Skimmed Milk Market is segmented based on application, form, distribution channel, and region.

Rising Utilization of Skimmed Milk in Dairy-based Beverages

In 2022, based on application, the dairy segment held the highest share of the skimmed milk market. The dairy industry extensively utilizes skimmed milk to produce various dairy products. These include yogurt, cheese, butter, cream, ice cream, and other dairy desserts.

Dairy processing is a significant application where dairy products, including skimmed milk, play a dominant role. Skimmed milk is often used as a base ingredient in dairy-based beverages, such as flavored milk drinks, milkshakes, and smoothies,

Geographical Analysis

Changing Dietary Patterns and Growing Health Consciousness in Asia-Pacific Regions

In 2022, the Asia Pacific region had the highest share in the skimmed milk market as it has traditionally been a significant consumer of dairy products, including skimmed milk. With the region's increasing urbanization and rising middle-class population, there has been a shift in dietary preferences toward healthier food choices.

Skimmed milk is obtained by removing cream from whole milk, reducing milk fat with less than 0.5% fat content.

The changing consumer preference has led to a higher demand for skimmed milk in the region. For instance, as per Statista in India, more than 700,000 metric tonnes of skim milk powder were produced overall as of 2022. Compared to the prior year, when production volume was 680 thousand metric tonnes, this represented an increase.

Competitive Landscape

The major global players in the market include Alpenrose Dairy, Inc., Amul Industries Pvt. Ltd., Arla Foods amba, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, LACTALIS Ingredients, Nestle S.A, Saputo Inc. and Schreiber Foods Inc.

Why Purchase the Report?
• To visualize the Global Skimmed Milk Market segmentation based on application, form, and distribution channel and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous skimmed milk market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Skimmed Milk Market Report Would Provide Approximately 61 Tables, 59 Figures And 102 Pages.

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