Business

Global Skimmed Milk Powder Market Surges: Forecasted Growth to $12.65B by 2029

Posted on by weeklywall
Skimmed Milk Powder
  • Skimmed Milk Powder Market Overview:
    • The global Skimmed Milk Powder market size reached US$ 9888.8 million in 2023.
    • The market is projected to readjust to US$ 12654.0 million by 2029, exhibiting a forecasted CAGR of 4.20% during 2023-2029.
  • United States Market Insights:
    • The United States Skimmed Milk Powder market is expected to grow from $ 1024.7 million in 2023 to $ 1184.4 million by 2029.
    • This growth represents a CAGR of 2.44% during the forecast period from 2023 through 2029.
  • China’s Market Projection:
    • The China market for Skimmed Milk Powder is set to increase from $ 1165.3 million in 2023 to $ 1788.7 million by 2029.
    • A substantial CAGR of 7.40% is anticipated during the forecast period of 2023 through 2029.
  • European Market Outlook:
    • The European market for Skimmed Milk Powder is estimated to rise from $ 2842.7 million in 2023 to $ 3386.2 million by 2029.
    • This growth is projected at a CAGR of 2.96% during the forecast period of 2023 through 2029.
  • Key Global Manufacturers:
    • California Dairies, Dairy Farmers of America, Ausnutria Dairy Ingredients BV, and others are pivotal in the Skimmed Milk Powder market.
    • In 2022, the top five global players held a significant share of approximately 28.07% in sales volume and nearly 30.82% in revenue.
  • Market Segmentation by Type:
    • Skimmed Milk Powder comes in two types: Goat Milk Powder and Cow Milk Powder.
  • Applications of Skimmed Milk Powder:
    • Widely utilized in Formula Milk Powder, Ice Cream and Frozen Desserts, Bakery Products, Candy, and other applications.
  • Top Companies in Skimmed Milk Powder Production:
    • The list of key manufacturers includes California Dairies, Dairy Farmers of America, Ausnutria Dairy Ingredients BV, Land O’Lakes, and others.
  • Diverse Applications:
    • Skimmed Milk Powder finds applications in various industries such as Formula Milk Powder, Ice Cream, Bakery Products, and more.
  • Market Dynamics:
    • The Skimmed Milk Powder market is dynamic, with key players and diverse applications contributing to its significant growth and economic impact.

For More Details Information’s or  need sample Report  please email – rahul@qyresearch.com