The global sales of recombined milk are slated to grow at a prolific CAGR of over 10% during the forecast period from 2022 and 2032, generating gigantic revenues by the end of the forecast period. Rising utilization of recombined milk for various applications in food processing industry and households is driving growth in the global recombined milk market.
| Report Attribute | Details |
| Recombined Milk Market Projected Growth Rate (2022-2032) | ~10% CAGR |
Milk is no doubt one of the most popular foods in the world, which has become an essential part of people’s balanced diet. However, as milk is a perishable commodity, it is scarce in many countries with little or no dairy production of their own. This has put recombined milk market into the limelight.
Recombined milk is an alternative to fresh raw milk prepared by combining or mixing water, skim milk powder and milk fat in such a way as to resemble the taste, texture and nutritional content of fresh milk. It can be used in place of fresh milk for making various dairy products including yogurt, sweets, cheese, etc.
Demand for recombined milk is especially high across regions where a fresh raw milk supply is not readily available or is in short supply. People in such areas can easily utilize recombined milk on account of its longer life span and various nutritional and health benefits.
Recombined milk is available in various packaging including tetra packs and cans. This enables consumers to choose any products depending on their needs and budget.
Shortage of fresh milk across various regions, extended shelf-life of recombined milk, and growing usage of alternative milk across various end use verticals are some of the major factors expected to trigger growth in the global recombined milk market during the forecast period.
As the world population continues to surge rapidly, demand for milk and milk products is at an all-time high. However, the consumption rate of milk is more than the production capacity, thereby prompting people to look for alternative milk products like recombined milk.
Recombined milk has become a commonly utilized alternative of fresh milk during the last few years. It is made from preserved dairy ingredients and is being increasingly used for making a variety of dairy products in food processing industries and households.
Similarly, growing concerns regarding the shortage of fresh raw milk is prompting people to use alternatives like recombined milk. Various regions of the world (mostly African countries) are facing the scarcity of milk. As a result, recombined milk has become an ideal option for end users as it can be easily used in place of fresh raw milk due to its close resemblance with raw milk and long shelf life. Moreover, it can be fortified with additional nutrients and is easy to transport over longer distances.
Another factor spurring the sales of recombined milk is that its composition can be easily altered as per the required needs. End users can add milk fat or other non-dairy fat sources as per their specific requirements.
Additionally, increasing production and consumption of recombined milk-based products such as cheese, yogurt etc. coupled with favorable government support to encourage the manufacturers of recombined milk is expected to drive growth in the near future.
There is no doubt that recombined milk is gaining immense popularity among end users. However, there are certain factors that are likely to pose a threat to market growth. Some of these factors are the high cost of product and lack of awareness about the recombined milk across various regions.
The combined milk market in Asia Pacific is slated to grow at an incredible pace during the forecast period, owing to the rising demand for milk and milk products across various end-use verticals, presence of leading market players, growing health awareness among people, and increasing disposable income.
Countries like China and India, and Russia are becoming hubs of recombined milk due to rapidly growing population, changing lifestyle, insufficient supply of fresh raw milk, and large presence of end use verticals. People are consuming milk alternatives like recombined milk on large scales.
According to Future Market Insights, the Middle East and Africa (MEA) is expected to emerge as an opportunistic market for recombined milk owing to the scarcity of milk across various MEA countries and penetration of new regional and international market players.
As most of the African countries are facing scarcity of fresh milk due to lack of refrigeration and transportation facilities, the only viable means of producing dairy products is the recombined milk. This will continue to bolster market growth during the forecast period.
Some of the key participants present in the global recombined milk market include Nestlé S.A., Almarai, Arla Foods Ingredients Group P/S, Fernleaf, Amul, Dutch Lady Milk Industries Bhd, Gulf & Safa Dairies (ADH) Company (LLC), and Uelzena eG among others.
Presence of a large number of regional and domestic players has made the global recombined milk market highly competitive in nature. In order to capitalize, market players are continuously focusing on improving the quality of their products. They are launching new fortified products with innovative packaging. Beside this, they are indulging in strategies such as mergers, partnerships, collaborations, acquisitions, and adoption of online sales channels to gain a competitive edge in the market.
| Report Attribute | Details |
| Growth Rate | CAGR of 10% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
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| Customization | Available Upon Request |
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As per FMI, the global recombined milk market is set to register a stupendous CAGR of over 10% between 2022 and 2032.
Asia Pacific is expected to provide immense growth opportunities to the manufacturers of recombined milk during the assessment period.
Nestlé S.A., Almarai, Arla Foods Ingredients Group P/S, Fernleaf, Amul, and Dutch Lady Milk Industries Bhd are some prominent recombined milk manufacturers
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