The skimmed milk industry is anticipated to achieve a valuation of around USD 19 billion by 2026, with a steady compound annual growth rate (CAGR) of almost 7.5% throughout the forecast period. This report conducts a comprehensive analysis of the available data to project the future growth of the sector. It assesses historical data from 2016 and 2017 and considers 2018 as the base year for forecasting the industry's growth until 2026. The report evaluates the market size, share, demand, trends, revenue, and sales to monitor the sector's progress over time.
Skimmed milk is a type of milk with low or no fat content. It is produced by separating or skimming the cream from the milk, leaving behind only 0-0.5% fat residue. Skimmed milk typically contains 0.1% fat and higher levels of protein and calcium compared to regular milk. It has a lighter and thinner consistency, lower sugar content, and fewer calories. Despite the removal of fat, skimmed milk retains most of its nutrients, including vitamin A, vitamin D, and phosphorous. The health benefits associated with skimmed milk make it a preferred choice for a healthy diet, and many health experts recommend substituting full cream milk with skimmed milk for a healthier option.
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Top Companies Operating in the Global Skimmed Milk Yogurt Powder Market Report:
- Agri-Mark, Inc.
- Agropur Cooperative
- Alpen Dairies
- Amul
- Arla Foods
- Associated Milk Producers Inc.
- Danone S.A.
- Darigold Inc.
- Dairy Farmers of America Inc.
- Dean Foods Company
- Grassland Dairy Products Inc.
- Mayfield Dairy Farms, Inc.
- Nova Dairy Products
- Fonterra Co-operative Group Limited
- Lactalis
- Nestle S.A
- Schreiber Foods Inc.
- Unilever
Market Overview:
In the food and beverage sector, all businesses involved in the processing, packaging, or distribution of raw food materials are included. In addition to medications, this industry touches all human-made products, including fresh and packaged meals, alcoholic and nonalcoholic beverages.
Since the Covid-19 outbreak has caused a financial depression, consumers are trying to conserve their money as much as possible. To do this, consumers are buying more generic things and cooking their own meals instead of eating out. In order to reduce the cost of goods sold, attract more customers, and increase profit margins, food processing companies are becoming more creative.
As a result of obesity, the global food and beverage industry is experiencing tremendous growth. As consumers' desire for healthy foods has increased, so has their demand for more detailed nutrition data. Both of these changes have caused companies to launch lower-calorie foods and tighten their control over how their brands are perceived.
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The global Skimmed Milk Yogurt Powder Market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
By Application:
- Confectionery
- Bakery
- Prepared Mix
- Dairy
- Others
By Distribution Channel:
- Convenience Store
- Online Store
- Supermarket
- Hypermarket
- Wholesalers
Notable Innovations of Skimmed Milk Yogurt Powder Market
- Flavored Skimmed Milk: Several companies have started producing flavored skimmed milk to cater to the growing demand for healthier and tastier beverages. Flavored skimmed milk is available in various flavors such as chocolate, vanilla, strawberry, and others, and is an excellent alternative to sugar-laden soft drinks.
- Fortified Skimmed Milk: Some companies are adding nutrients to skimmed milk to enhance its nutritional value. For instance, some fortified skimmed milk products are enriched with vitamins A and D, calcium, and other essential minerals to provide consumers with a healthier milk option.
- Skimmed Milk Powder: Skimmed milk powder is a popular alternative to liquid skimmed milk. It has a longer shelf life, is easier to store and transport, and is widely used in the food industry for the production of baked goods, confectionery, and dairy products.
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