Skim Milk Powder

Skim milk powder, a lactose-rich dairy product with the fat removed, finds use in various applications. While the market size is impressive, estimated to reach USD 236.2 billion by 2030, it faces its share of challenges.

Challenges in the Skim Milk Powder Market:

• Fluctuations in Dairy Prices: Milk, the raw material, sees price swings based on factors like weather and global demand. This can impact skim milk powder profitability.
• Competition from Plant-Based Alternatives: The rise of soy and almond milk puts pressure on the dairy industry, including skim milk powder.
• Stringent Regulations: Stringent regulations on food safety and processing can add complexity and cost to production.

Top Players in the Skim Milk Powder Market:

• Arla Foods (Denmark)
• Fonterra Co-operative Group (New Zealand)
• FrieslandCampina (Netherlands)
• Saputo Inc. (Canada)
• Dairy Farmers of America Inc. (USA)

Future Growth and Trends:

The market is expected to see a Compound Annual Growth Rate (CAGR) of 10.80% by 2030. This growth is driven by:

• Rising Disposable Income: Particularly in developing regions, increased disposable income leads to higher demand for protein-rich food products.
• Growing Bakery and Confectionery Industry: Skim milk powder is a key ingredient in bakery and confectionery products, fueling market growth.
• Health Benefits: Skim milk powder is a good source of protein and calcium, appealing to health-conscious consumers.

Market Stats:

• Recent prices on the Global Dairy Trade platform show medium heat skim milk powder averaging around $2,500 per metric ton.
• The Asia Pacific region is a major emerging market for skim milk powder due to its growing population and changing dietary habits.