Global Adult Milk Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Adult Milk Powder Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Powdered milk comes in a variety of forms, such as whole, buttermilk, non-fat and skim. It is a source of vitamins and minerals such as magnesium, calcium, zinc, potassium and phosphorous. Adult Milk Powder is mainly refer to the Milk Powder used for adult.

Market Overview:

The latest research study on the global Adult Milk Powder market finds that the global Adult Milk Powder market reached a value of USD 7150.54 million in 2022. It’s expected that the market will achieve USD 12051.43 million by 2028, exhibiting a CAGR of 9.09% during the forecast period.

Drivers

Expanding consumer preference for unique milk powder, the rise in adult milk powder consumption in developing countries, rapid urbanization, increasing demand for improving people’s health and increase nutrition, and growing distribution channel by prominent players, increase investment of advertisement by some companies for adult milk powder are some of the primary factors driving the growth of the global Adult Milk Powder market.

Asia Pacific has emerged as a major revenue contributor to the global milk market, supported by large population and growth per capita GDP, which create both the demand and purchasing power, what is more, the development of ecommerce makes it is much easier and convenient to get the specific milk consumers need. Some of the policy also play a positive factor to adult milk powder market, such as china opens second child policy to promote the development of maternal milk powder market.

In developed countries, they have good consumption habit and strong consumption power, more high quality product suppliers, high standards of food safety, which will prompt the development of adult milk powder.

Region Overview:

Europe had the highest growth rate of all regions.

Company Overview:

Fonterra is one of the major players operating in the Adult Milk Powder market, holding a share of 13.69% in 2018.

Fonterra Co-operative Group Limited is a New Zealand multinational dairy co-operative owned by around 10,500 New Zealand farmers. The company is responsible for approximately 30% of the world's dairy exports and with revenue exceeding NZ$17.2 billion, is New Zealand's largest company.

Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. The company’s Established Pharmaceutical Products segment offers branded generic pharmaceuticals for the treatment of pancreatic exocrine insufficiency; irritable bowel syndrome or biliary spasm; intrahepatic cholestasis or depressive symptoms; gynecological disorders; hormone replacement therapy; dyslipidemia; hypertension; hypothyroidism; Ménière's disease and vestibular vertigo; pain, fever, and inflammation; migraines; and anti-infective clarithromycin, as well as provides influenza vaccine and products that regulate physiological rhythm of the colon.

Segmentation Overview:

Among different product types, Whole Milk Powder segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Ordinary segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Adult Milk Powder market covered in Chapter 3:

Yili
Nestle
Fasska
Murray Goulburn
Amul
FrieslandCampina
Abbott
Wondersun
Arla
Fonterra
Danone
Feihe
Yashily
Lactalis
Maxigenes

In Chapter 4 and Chapter 14.2, on the basis of types, the Adult Milk Powder market from 2018 to 2029 is primarily split into:

Whole Milk Powder
Skim Milk Powder

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Adult Milk Powder market from 2018 to 2029 covers:

Student
Pregnant Women
Seniors
Ordinary

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)