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

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

Recombined milk is the liquid milk obtained by adding water to skim milk powder (SMP) and adding milk fat separately in such a quantity that the desired fat content is achieved. Recombined milk can be also prepared by mixing skim milk powder and butter with water. In some cases, a non-diary fat source can be also used to prepare recombined milk. Milk is a perishable product and is also scarce in certain regions of the world and therefore the companies have tried to develop an alternative method to provide a similar product that resembles fresh dairy milk and can provide health benefits. The recombined milk have similar applications as that of the raw milk, and therefore, can be used for the preparation of various other dairy products such as cheese, yogurt, etc.

Market Overview:

The latest research study on the global Recombined Milk market finds that the global Recombined Milk market reached a value of USD 7466.0 million in 2022. It’s expected that the market will achieve USD 11906.97 million by 2028, exhibiting a CAGR of 8.09% during the forecast period.

Influence of COVID-19 Outbreak on Recombined Milk Industry Development

The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some Recombined Milk enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

The epidemic will have a short-term impact on Recombined Milk industry, but it is relatively limited. Due to the impact of the epidemic, the production of raw materials and equipment procurement and transportation supply are difficult to be in place, and upstream enterprises affect the work schedule of downstream enterprises. Equipment manufacturing and product manufacturing enterprises in Recombined Milk industry are affected to different degrees, and the production and delivery work may be delayed to some extent. Meanwhile, if it fails to meet the customer's delivery time requirements according to the contract, it may lead to the customer looking for another enterprise and lose business.

Apart from this, the COVID-19 outbreak has resulted in the closing down of several manufacturing facilities across the globe. The pandemic caused huge revenue losses in end-use industry. The coronavirus lockdown put a brake on the production of several key raw materials in the global market, which, in turn, spiked the prices and lowered the demand for the product. The strict lockdown mandates imposed by governments have restricted cross-border trade between countries, another factor proving to be detrimental for the Recombined Milk market share. In addition, Recombined Milk manufacturers are drawing up plans for the international market as a new supply link in the global Recombined Milk industry, as companies look to re-engineer supply chains in the aftermath of COVID-19. Also, it is expected that the product demand in end-user sectors could pick up following the uplift of the lockdown in numerous countries.

Region Overview:

South America had the highest growth rate of all regions.

Company Overview:

The top three companies are Nestlé, Amul Dairy, Almarai with the revenue market share of 9.71%, 3.26% and 1.92% in 2021.

Nestlé SA is a nutrition, health and wellness company, which manufactures, supplies and produces prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals.

Amul is an Indian dairy cooperative society, based at Anand in the Indian state of Gujarat. Formed in 1946, it is a cooperative brand managed by a cooperative body, the Gujarat Co-operative Milk Marketing Federation Ltd.

Segmentation Overview:

Among different product types, Full-Fat Dairy Products segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

Key Companies in the global Recombined Milk market covered in Chapter 3:

Gulf And Safa Dairies Co.LLC
Magnolia, Inc.
Fernleaf
Almarai
Bright Cow
F&N MAGNOLIA
Alaska Milk Corporation
Dutch Lady Milk
Nestlé
Amul Dairy
Etika Group

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

Full-Fat Dairy Products
Low-Fat Dairy Products

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

Infancy
Childhood
Adolescence
Early Adulthood or Older

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)