Global Adult Milk Powder Market Size By Product (Whole Milk Powder and Skim Milk Powder), By Application (Age 18-35, Age 35-55, and Age >55), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Adult Milk Powder Market size was valued at USD 4.90 Billion in 2024 and is projected to reach USD 6.19 Billion by 2031, growing at a CAGR of 3.26 % during the forecast period 2024-2031.
Increasing demand for dairy products is the major driving factor that boosts the market growth. In addition, growing awareness about the health benefits of milk powder among consumers is another factor that further propels the market growth. The Global Adult Milk Powder Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Adult Milk Powder Market Definition
Think of adult milk powders as milk that's had some water taken out. Since it's just milk with less water, it should still taste like milk! You can find it in tons of recipes, from baked goods and candies to dairy products, meats, and even nutritional supplements. You'll usually find it as skimmed milk powder or whole milk powder. Milk powder is packed with essential nutrients, vitamins, and minerals, and it's super easy to use – just mix it with water or other foods. It can really help you get the nutrients you need! For example, milk has Vitamins A, D, E, and K. Vitamin A is great for cell growth, Vitamin E helps your immune system, and Vitamin K helps with blood clotting. You can even find organic milk powder, which might be a healthier option. Plus, powdered milk is a great way to boost your calcium intake because you can easily mix it into things like puddings, gravies, smoothies, and shakes. They're always working on new and improved milk powder products to keep them as natural as possible. Because of all these benefits, the future of powdered milk looks pretty bright!
What's inside a industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Adult Milk Powder Market Overview
Milk powders are a really important way to get protein, calcium, and vitamins, especially when folks in developing countries can't easily afford or find these nutrients in meat or veggies. Because of this, people there might start using milk powders more often, which means the global demand goes up! Plus, more and more people are realizing how good milk powder is for their health, which is another big reason the market is growing. Think about itmilk powder mixed with fresh milk helps build strong bones thanks to things like protein, calcium, vitamin D, and vitamin A. It's a great source of protein and can even be a nutritional boost in recipes, particularly for adults, especially those with fitness goals who need extra protein.
And let's not forget, the price of milk powder really helps things along! It's expected to stay affordable, meaning more people will likely grab it as a budget-friendly stand-in for things like cheese and yogurt. Plus, there's the health angledrinking milk regularly can lower your risk of heart problems, which is a definite win. Whey protein, that awesome protein in milk, is packed with branched-chain amino acids – perfect for building muscle and giving you energy when you work out. And did you know milk powder can even help with weight loss or keeping your weight in check? So, all these health perks really give the market a nice boost!
However, the addition of preservatives, adulteration, and strict guidelines associated with meals restrains the boom of the adult milk powder market.
Global Adult Milk Powder MarketSegmentation Analysis
The Global Adult Milk Powder Market is segmented based on Product, Application, and Geography.
Adult Milk Powder Market, By Product
Whole Milk Powder
Skim Milk Powder
Okay, so when we talk about different kinds of milk powder, we've got Whole Milk Powder and Skim Milk Powder. And get this – the Whole Milk Powder is predicted to grow the most over the next few years! What exactly is Whole Milk Powder, you ask? Well, it's basically what you get when you take regular, pasteurized milk, remove the water through evaporation and spray drying. Think of it as milk in a super convenient, dry form! Because of that, it becomes an essential ingredient in tons of yummy foods! Whole milk, which you might also know as full cream milk, contains around 3.5% milk fats per cup. Plus, whole milk powder is packed with calcium (super important for strong bones and teeth) and protein, which helps build and repair those muscles.
Adult Milk Powder Market, By Application
Age 18-35
Age 35-55
Age >55
On the basis of application, the market Age 18-35, Age 35-55, and Age >55. The Age 18-35 component is witnessing the highest market share with strong market growth during the forecast period in the global market. Consumption of adult powdered milk is the highest in humans aged between 18 and 35 years. Powdered milk production corporations are focusing on advertising and marketing their merchandise for this precise age group to tap into the big marketplace potential.
Adult Milk Powder Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
On the basis of regional analysis, the Global Adult Milk Powder Market is classified into North America, Europe, Asia Pacific, and Rest of the world. The North American region is anticipated to lead the Global Adult Milk Powder Market during the forecast period. This can be attributed to the excessive demand for healthful food merchandise in this region. In addition, the growing disposable income of customers and the presence of a huge number of adult milk powder producers are also contributing to the growth of this market in North America.
Key Players
The “Global Adult Milk Powder Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Abbott, Nestle, Anlene, Murray Goulburn, Régilait, Yili, Fasska, Yashily, Vreugdenhil Dairy, and Anchor.The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
In February 2021, NESTLÉ launched NESTLÉ NESPRAY Supreme A2 ß-Casein Protein High Calcium Skim Milk Powder. NESTLÉ NESPRAY Supreme A2 ß-Casein Protein High Calcium Skim Milk Powder contains a family of nutritional needs, rich in calcium, protein and potassium, to help bone and muscle health; the use of skim milk powder contains zero fat and cholesterol, helps reduce the intake of fat; also, no added sucrose, suitable for the whole family.
In March 2020, Abbott launched one organic milk powder exclusively for pregnant and lactating women. This is Abbott’s first organic milk powder for mothers, and the launch of this product is seen as a move to cement Abbott’s leading position in China’s organic milk powder market.
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
We take a deep dive into the market using both qualitative and quantitative methods, looking at segmentation through economic and, well, everything else! We'll give you the market value (in USD Billion) for every segment and sub-segment. You'll also learn which region and segment is predicted to grow the fastest and be the biggest. We break down the market by geography, highlighting product/service consumption and what's influencing the market in each area. See the competitive landscape with market rankings of the big players, plus details on new service/product launches, partnerships, expansions, and acquisitions over the last five years. We provide extensive company profiles, including company overviews, insights, product benchmarking, and a SWOT analysis for the key players. Get a look at the current and future market outlook, with recent developments, growth opportunities, and the challenges facing both emerging and developed regions. Includes an in-depth analysis using Porter's five forces, giving you a clear understanding of the market through the value chain. Plus, we cover market dynamics, potential growth, and offer 6-month post-sales analyst support.
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.
For a single, multi and corporate client license, the report will be available in PDF format.
Sample report would be given you in excel format. For more questions please contact:
Sample Report for Global Adult Milk Powder Market Size By Product (Whole Milk Powder and Skim Milk Powder), By Application (Age 18-35, Age 35-55, and Age >55), By Geographic Scope And Forecast