Skim Milk Powder: Market Outlook
The increasing demand for low fat content milk products and the rising health awareness among the consumers project a significant growth of at least 4% which is more than that of the total milk industry. Skim milk is known as a non-fat milk or a fat-free milk which is obtained by removing the milk fat from the whole milk.
Skim milk powder is formed after removing moisture from pasteurized non-fat milk/skim milk and then spray drying it. The skim milk provides the same amount of protein, calcium, and other nutrients compared to whole milk but has fewer calories than it.
Also, it is low in saturated fats making it safe enough for consumption by diabetic consumers and heart patients. The skim milk powder can be used as an emulsifier, thickener, colour enhancer, and a foaming agent in various food applications.
It is easily soluble and has fat and water binding properties. The product is widely used in baked goods, bread dough, beverages, and frozen desserts. Wide applications in the food industry and numerous associated health benefits is fuelling the global market of skim milk powder.
Growing Demand for Storable and Specialty Foods to Bolster the Growth of Global Skim Milk Powder Market
Skim milk powder is a low-calorie, low-fat, and a dry version of traditional full-fat milk. As the milk powder is industrially processed, consumers believe that that most of the nutrients of regular fat milk are withered-off from skim milk powder.
This notion can be easily countered as skim milk is prepared through the process of centrifugal separation where only fat globules are extracted from the milk. Further water removal and spray drying processes are carried out to get a dry/powdered form of skim milk.
This makes the product easy to store and transport, thereby cutting down storage and transportation costs. Also, one cup of skim milk powder is equivalent to four times the nutritional content of one cup liquid skim milk.
Skim milk powder is a natural and rich source of proteins. It contains all the essential nine amino acids for building lean muscles and also contains an easily digestible casein protein, therefore, making it beneficial and safe for consumption.
A scoop of skim milk powder can provide 30% of daily calcium requirements and is rich in other essential minerals such as selenium, phosphorous, magnesium, potassium, and zinc. It is also low in cholesterol and aids in weight loss, making it an ideal nutraceutical for treating heart disease and obesity. Thus, the global skim milk powder market is expected to project a positive growth trajectory owing to the growing demand of easily storable functional foods.
Global Skim Milk Powder: Key Players
Some of the key players manufacturing skim milk powder are as follows –
- Dairy America
- Alpen Dairies
- Nova Dairy products
Opportunities for Global Skim Milk Powder Market Participants
North America has a dominant market share in the global skim milk powder market followed by Europe. South Asia and Oceania are expected to be the fastest growing markets owing to changing consumer food patterns and abundant milk production.
East Asia and Latin America possess potential opportunities for B2B business. The sports nutrition and infant foods markets would act as an important source of income for market players provided that the skim milk powder formulations meet the industry criteria.
The COVID-19 pandemic has greatly affected the global milk industry to an extent where the first quarter of 2020 experienced a stall in demand for dairy products. Even the growing prices of milk products remained stagnant in the first quarter.
Vice versa, the dairy products with longer shelf lives such as skim milk powder displayed good sales figures owing to the panic buying scenario. The ongoing pandemic has caused the consumers to adopt healthy eating habits and consume functional foods to boost immunity.
However, as coronavirus has immensely disrupted the global supply chain, the global skim milk powder market is expected to register a slight fall in growth rate.The skim milk powder market report offers a comprehensive evaluation of the market.
It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the skim milk powder market, including but not limited to: regional markets, type, food applications, and distribution channel.
The Report Covers Exhaustive Analysis on
- Skim milk powder market segment
- Skim milk powder market dynamics
- Skim milk powder market size
- Skim milk powder supply and demand
- Current trends/issues/challenges pertaining to skim milk powder market
- Competition landscape and emerging market participants in skim milk powder market
- Technology related to production/processing of skim milk powder
- Value chain analysis of the skim milk powder market
Regional Analysis Includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Europe (Germany, U.K., France, Italy, Spain, BENELUX, Poland, Russia, Nordic, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
The skim milk powder market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases).
The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the Skim Milk Powder market report projects the attractiveness of each major segment over the forecast period.
Global Skim Milk Powder: Market Segmentation
- Flavoured Non Fat Powder
- Whole Milk Powder
- Butter Milk Powder
By Food Application
- Nutritional Food
- Infant Formulas
- Dry Mixes
- Fermented Milk Products
- Frozen Desserts
- Meat products
- Others (Dressings & Sauces)
By Distribution Channel
- Modern Trade
- Convenience Store
- Online Retail
- Others (Wholesaler)