Milk powder, also known as dried milk, is currently being produced by the process of pasteurization, evaporation and spray drying of fluid milk. Converting milk into milk powder resolves a lot of complications involved with the storage, distribution, transportation and penetration of milk across wide ranging areas. Moreover, milk powder offers an extended shelf life as compared to fluid milk and can be reconstituted or recombined to produce milk during lean months when the production of milk is low. IMARC Group’s new report titled, “Milk Powder Market – Industry Trends, Manufacturing Process, Plant Setup, Machinery, Raw Materials, Cost and Revenue,”provides a detailed insight into the global milk powder market. According to the report, the two most popular types of milk powders consumed across the world are Skimmed Milk Powder (SMP) and Whole Milk Powder (WMP). Skimmed Milk Powder has a milk fat content of less than 1% by weight of the product while Whole Milk Powder has a milk fat content of not less than 26.2% by weight of the product.

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Milk powder finds a wide array of applications across a range of industries such as dairy, bakery, beverages, confectionaries, meat, sauces, soups, etc. It can further be exploited for its inherent functional properties as an ingredient in numerous value added foods. Increased shelf life, easy storage, low transportation and distribution costs, strong growth in emerging markets and stable growth in end user industries are some of the factors that are proactive in maintaining an unfailing demand for milk powder. According to the report, the global milk powder market has grown at a CAGR of 4% during 2008-2015, reaching production volumes of around 9 Million tons in 2015. The report has further analyzed the market for the two types of milk powders separately. Region-wise, the European Union accounts for the largest share of the total global milk powder production in 2015. In terms of consumption, China was the biggest consumer accounting for nearly one third of the total global consumption. The competitive landscape of the global milk powder market has also been thoroughly analyzed in the report, with some of the key players being Nestle, Danone, Lactalis, Fonterra, FrieslandCampina, Dairy Farmers of America and Arla Foods.

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This report has provided a detailed technical insight on setting up and operating a milk powder manufacturing plant. It contours all the prerequisites of the milk powder industry and provides a comprehensive analysis of the market, industry performance, processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyze the entire information and also change various inputs according to their requirements. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the milk powder market in any manner.

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