Skimmed Milk Market By Type, By Nutritional Value, By Application, By Distribution Channel, By Geography – Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2019 – 2026

Global Skimmed Milk Market is expected to reach USD 16,350 million by 2024, growing at CAGR of 8.2% over forecast period 2020-2026. Factors driving the growth are increasing consumption of dairy products, changing lifestyle, rise in affluence in emerging economies, increasing awareness about health benefits associated with skimmed milk and its applications in food industry.

Get Sample Report: Skimmed MilkMarket

Even though skimmed milk powder (SMP) is much similar to non-fat dry milk, the protein level needs to be adjusted. The storage conditions for product should be cool and dry environments with relative humidities. This results in prolonged shelf life under ideal conditions. In the recent years, the commercial market for milk and dairy products has witnessed an enormous increase owing to their longer shelf life and functional properties. The market for skimmed milk has not only a broader scope but entails growth dynamics such as product versatility and enhanced shelf life.

Skimmed Milk Market Trends, Drivers and Opportunities:

The skimmed milk market is significantly driven by growing landscape of food industry and bakery products. In addition, rise in demand for skimmed milk for feeding infants is likely to sum up as growth driver for the market. Babies with intolerance to breastfeeding are fed with skimmed milk powder since it is equally high in nutrition as mother’s milk. Moreover, rising number of working women triggers the demand for skimmed milk during the forecast period. On contrary, lack of anti-bodies essential for immunity building is a major constraint witnessed. Also, availability of counterfeit products with low quality food nutrients also restricts the market growth throughout the forecast period.