Milk Powder Market worth 34.5 Billion by 2022 at a CAGR of 4.5%

 The global milk powder market is expected to surpass the market valuation of USD 34.5 Billion in 2022 and it is expected to grow at a CAGR of 4.5% by 2022 – 2032, supported by:

Growing demand for the demand in the global dairy products market

Increased demand for high shelf life and high nutritional products

Increased trend of packaged food products

use of milk powder in food and beverage industries

Growing infant formula market

Key growth drivers of the milk powder market include technological advancements that enable efficient production, product portfolio expansion, sophisticated design and packaging, effective operational maintenance, and sales monitoring.

Demand is also complemented by rising consumption of associated products like ice creams and bakery products.

Milk powder is used as an ingredient in a range of food products, including ice-cream, cultured milk, and yogurts, chocolate, confectionery, bakery products, soups, and sauces. The changing lifestyle and increasing penetration of social media and the internet are souring growth in the consumption of processed and packaged food products boosting the milk powder market growth

Due to the outbreak of covid-19 consumer base around the globe started stocking up on food products which increased the demand for food products with high shelf life. As milk powder has higher shelf life than liquid milk consumers started opting for milk powder. Thus the milk powder manufacturer started introducing highly enriched milk powder to grab this opportunity.

An unrelenting Bakery Industry to provide a Strong Base for Milk Powder Manufacturers in North America

Increasing usage of milk powder in bakery & confectionary products is one of the key growth propellers to the milk powder market in the region.  As the US is one of the largest markets for bakery products around the world. Thus increasing usage of milk powder in bakery products is impacting positively to milk powder Market in North America.

Moreover, a rising tendency of consumers to spend on innovative, healthful dairy, bakery, and ice cream products is also fueling the demand for milk powder. Manufacturers have been promptly investing in the market and are focusing on developing high-protein nutritional products that appeal to a wide consumer base.

Moreinfo@https://www.futuremarketinsights.com/reports/milk-powder-market

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