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Nonfat Milk Powder Market

Nonfat Milk Powder Market Size by Heat Treatment (High-Heat, Medium-Heat, Low-Heat), Application (Confectionery & Bakery, Nutritional Foods, Prepared Foods, Dairy Products), Distribution Channel, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2021 to 2028

Base Year: 2020 Historical Data: 2018-19
  • Report ID: TBI-12560
  • Published Date: Oct, 2021
  • Pages: 239
  • Category: Food & Beverages
  • Format: PDF
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Global nonfat milk powder market is estimated to reach USD 13.66 billion by 2028, at a CAGR of 6.59% from 2021 to 2028. Increasing awareness about the health benefits of consumptions of nonfat milk powder primarily driving the growth of the market. 

Market Overview:

Nonfat milk powder is a dairy product that is manufactured by evaporating milk and removing the water from the pasteurized milk. The nonfat milk powder contains 5% or less than 5% moisture on the basis of weight. In addition to this, it contains less than 1.5% milk fats, and thus considered as the nonfat milk powder. These milk powders are manufactured using the heat treatment as well as spray dry treatment. On the basis of heat treatment, the nonfat milk powder is classified into high-heat nonfat milk powder, medium-heat nonfat milk powder, and low-heat nonfat milk powder. The spray-dried nonfat milk powder is classified into on-agglomerated (non-instant) and agglomerated (instant) nonfat milk powder. Its main benefits are longer shelf life and cheaper cost, as compared to the regular milk. One of the most health beneficial property of these powders is that they are fat-free. It also provides nutritional benefits and different vitamins, such as vitamin A and Vitamin D. 

Nonfat milk powder is used in various application such as confectionery & bakery, nutritional foods, prepared foods, dairy products, and other applications. The nonfat milk powder is widely used as a raw material in the manufacturing and production of cheese, readymade sauces, and yoghurtsacross the globe. The nonfat milk powder is also a convenient option while travelling, camping, during the extended stays and in an emergency. Many companies of nonfat milk powder are developing innovative products by adding the verity of flavours in it. The nonfat milk powder is also considered as an alternative for regular milk by adding the water into the powder. These powders adds the texture and different flavours in the various bakery and confectionery products. Due to its characteristics of ideal distribution and well mix properties, it is now widely being used in the ice-creams and sauces.

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Market Dynamics:

Drivers:
  • Growing awareness about the health benefits of nonfat milk powder 

Nonfat milk is mainly obtained by removing the fat from the milk and contains less than 1.5% milk fats. These milk powder also has very low calories as compared to the usual milk. Thus, owing to these health benefits, it is an ideal alternative for the regular milk and also helps in reducing weight. The nonfat milk powders is also considered as a substitute for milk for the people who have heart-related diseases. These powder also deliberated as a good source of proteins, which helps in building and maintaining the muscles. Thus, owing to these various health benefits, the demand for nonfat milk powder is increasing across the globe.  

  • Increasing demand for nonfat milk powder owing to its various properties 

Increasing demand for nonfat milk powder across the globe, owing to its numerous beneficial properties such as longer shelf life and convenience to use. Fresh milk is highly perishable, which cannot be store for longer days. On the other hand, nonfat milk powder has a longer shelf life and can be store for a more extended period of time. In addition to this, the powder form is convenient to use and great option while camping or travelling. Therefore, owing to its advanced benefits, the demand for nonfat milk powder is steadily rising around the world. 

Restraints:
  • Not beneficial for the children 

Nonfat milk powder contains various health benefits. However, the nonfat milk powder consumption is not suitable for the children under age 2. It is mainly because nonfat milk powder does not provide proper amount of calories and fats, which is required for the healthy growth of children. In addition to this, these powders contain a high concentration of minerals and proteins, which may result in an adverse impact on the child’s health. Therefore, due to these adverse impact, it is not suitable for children and may limit the market growth over the forecast period. 

Opportunities:
  • Increasing usage of nonfat milk powder in the bakery and confectionary 

Nowadays, nonfat milk powder is considered as an essential ingredient in the baking and confectionary sector. It mix well in the batter and creates the even texture in the bakery products such as bread, cakes, and many others. In addition to this, these industries requires bull amount of milk, which can be fulfilled by the nonfat milk powder as these are easy to transfer and has a longer shelf life. Furthermore, the rising trend of zero calories and zero fat product across the globe, further driving the demand for nonfat milk powder. 

Challenges:
  • Constant rise in the prices nonfat milk powder 

Constant increase in the prices of the nonfat milk powder is one of the critical problems in the market. One of the main reason for the high prices is the rising supply-demand gap in the market. Declining milk procurement and inflation in the milk, are some of the other factors, further impacting the price of nonfat milk powder. Thus, owing to the higher rates, consumers prefer the milk, which may hamper the market growth over the forecast period.

Segmentation Analysis:

The global nonfat milk powder market has been classified on the basis of heat treatment type, application, distribution channel, and regions. 

  • The heat treatment segment is divided into high-heat nonfat milk powder, medium-heat nonfat milk powder, and low-heat nonfat milk powder. The low heat treatment nonfat milk powder segment dominated the market and held the major market share of 62.25% in the year 2020. The nonfat milk powder is produced using the low heat about 72 degree Celsius for the removal of fat and water content from the milk. The low heat treatment nonfat milk powder has excellent solubility and has various application including bakery, confectionery and in dairy products. Thus, the extensive use of low-heat nonfat milk powder in different end-use form, driving the growth of this segment. 
  • The application segment includes confectionery & bakery, nutritional foods, prepared foods, dairy products and others. The confectionery & bakery application segment is anticipated to grow at the highest CAGR of 8.9% over the forecast period. Increasing adoption of nonfat milk powder in the confectionery & bakery applications is likely to drive the market in the upcoming years. These milk powders give a pleasant test to confectionary products such as chocolates and biscuits. 
  • The distribution channel segment includes online and offline stores. The offline segment further sub-segmented into supermarket, wholesalers, and retail stores. The offline segment is accounted for the largest market share of 85.25% in the year 2020, owing to high sales of these powders through the offline stores such as supermarket and retail stores. In addition to this, many bakery and confectionery manufacturers buy nonfat milk powders in bulk quantities from the wholesalers, further boosting the growth of offline channels. 
Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. Asia Pacific region accounted for the major market share of 38.56% in the year 2020. 

  • The growth is mainly attributed to factors such as high production and the consumption of nonfat milk powder in the countries such as India and China. In addition to this, India has a huge dairy industry, which collects an enormous amount of milk for the production of nonfat milk powder. In addition to this, rising demand for these powders from various end-use industries, further driving the market growth in the Asia Pacific region. 
  • North America region held the second largest market share after the Asia Pacific in the global nonfat milk powder market. Increasing consumption of nonfat milk powder, owing to its health benefits, primarily driving the growth of the market. Furthermore, increasing trend of diet food across the region, also boosting the demand for nonfat milk powder in the various applications. 

Asia Pacific Nonfat Milk Powder Market Share in 2020- 38.56%

 

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Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global nonfat milk powder industry.

In May 2019, Dairy America announced the launch of skimmed milk powder in the North America region. 

List of Key Market Players:

  • Hochdorf Holding AG
  • Amul
  • Nestle S.A.
  • Bob's Red Mill
  • Mayfield Dairy Farms, Inc.
  • All American Foods, Inc.
  • Dairy Farmers of America Inc.
  • The St. Albans Cooperative Creamery, Inc.
  • Unilever
  • DairyAmerica, Inc.

Key Target Audience

  • Food & Beverage Companies
  •  Government Authorities and R&D Institutions
  • World Health Organization
  • Food and Drug Administration
  • Consulting And Research Firm
  • Potential Investors 

Report Description:

  • Global Nonfat Milk Powder Market, Industry Analysis, Trends, Analysis and Forecast, 2021 to 2028 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2020 is considered as the base year of the report. 2018 and 2019 are considered as the historic years and 2021 to 2028 are the forecast years. The global nonfat milk powder market is based on revenue (USD Million/Billion), volume (Kilotons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global nonfat milk powder market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of nonfat milk powder and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global nonfat milk powder market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global nonfat milk powder market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global nonfat milk powder market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the nonfat milk powder market was valued at USD 8.16 billion in 2020 and is anticipated to reach USD 13.66 billion by 2028.

Global nonfat milk powder market is growing at a CAGR of 6.59% during the forecast period 2021-2028.

The global nonfat milk powder market has been segmented based on heat treatment, application, distribution channel, and regions. The low heat treatment nonfat milk powder segment dominated the market.

The Asia Pacific region emerged as the largest market for the nonfat milk powder.

The factors such as better quality, less cost, longer shelf life, and lower shipping cost are some of the key factors driving the growth of market.

The nonfat milk powder consumption is not suitable for the children under age 2, mainly because nonfat milk powder does not provide proper amount of calories and fats, hinder the growth of market.

Increasing usage of nonfat milk powder in the bakery and confectionary, will offer significant growth opportunities.

Key players are Hochdorf Holding AG, Amul, Nestle S.A., Bob's Red Mill, Mayfield Dairy Farms, Inc., All American Foods, Inc., Dairy Farmers of America Inc., and The St. Albans Cooperative Creamery, Inc..

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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Heat Treatment
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Distribution Channel
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing awareness about the health benefits of nonfat milk powder
          5.2.2. Increasing demand for nonfat milk powder owing to its various properties
    5.3. Restrains
          5.3.1. Not beneficial for the children
    5.4. Opportunities
          5.4.1. Increasing usage of nonfat milk powder in the bakery and confectionary
    5.5. Challenge
          5.5.1. Constant rise in the prices nonfat milk powder

6. Global Nonfat Milk Powder Market Analysis and Forecast, By Heat Treatment
    6.1. Segment Overview
    6.2. High-Heat Nonfat Milk Powder
    6.3. Medium-Heat Nonfat Milk Powder
    6.4. Low-Heat Nonfat Milk Powder

7. Global Nonfat Milk Powder Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Bakery & Confectionary
    7.3. Nutritional Foods
    7.4. Prepared Food
    7.5. Dairy Products
    7.6. Others

8. Global Nonfat Milk Powder Market Analysis and Forecast, By Distribution Channel
    8.1. Segment Overview
    8.2. Online Stores
    8.3. Offline Stores
          8.3.1. Supermarket
          8.3.2. Wholesalers
          8.3.3. Retail Store

9. Global Nonfat Milk Powder Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Nonfat Milk Powder Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Nonfat Milk Powder Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Hochdorf Holding AG
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Amul
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Nestle S.A.
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Bob's Red Mill
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Mayfield Dairy Farms, Inc.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. All American Foods, Inc.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Dairy Farmers of America Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. The St. Albans Cooperative Creamery, Inc.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Unilever
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. DairyAmerica, Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis
 

List of Table

1. Global Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

2. Global Low Heat Treatment  Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

3. Global Medium Heat Treatment  Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

4. Global High Heat Treatment Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

5. Global Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

6. Global bakery & Confectionary Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

7. Global Nutritional Food Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

8. Global Prepared Food Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

9. Global Dairy Food Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

10. Global Others Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

11. Global Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

12. Global Online Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

13. Global Offline Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

14. Global Nonfat Milk Powder Market, By Region, 2018–2028 (USD Billion) (kilotons)

15. Global Nonfat Milk Powder Market, By North America, 2018–2028 (USD Billion) (kilotons)

16. North America Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

17. North America Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

18. North America Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

19. U.S. Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

20. U.S. Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

21. U.S. Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

22. Canada Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

23. Canada Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

24. Canada Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

25. Mexico Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

26. Mexico Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

27. Mexico Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

28. Europe Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

29. Europe Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

30. Europe Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

31. Germany Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

32. Germany Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

33. Germany Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

34. France Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

35. France Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

36. France Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

37. U.K. Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

38. U.K. Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

39. U.K. Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

40. Italy Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

41. Italy Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

42. Italy Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

43. Spain Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

44. Spain Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

45. Spain Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

46. Asia Pacific Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

47. Asia Pacific Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

48. Asia Pacific Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

49. Japan Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

50. Japan Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

51. Japan Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

52. China Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

53. China Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

54. China Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

55. India Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

56. India Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

57. India Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

58. South America Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

59. South America Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

60. South America Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

61. Brazil Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

62. Brazil Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

63. Brazil Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

64. Middle East and Africa Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

65. Middle East and Africa Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

66. Middle East and Africa Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

67. UAE Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

68. UAE Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

69. UAE Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

70. South Africa Nonfat Milk Powder Market, By Heat Treatment, 2018–2028 (USD Billion) (kilotons)

71. South Africa Nonfat Milk Powder Market, By Application, 2018–2028 (USD Billion) (kilotons)

72. South Africa Nonfat Milk Powder Market, By Distribution Channel, 2018–2028 (USD Billion) (kilotons)

List of Figures 

1. Global Nonfat Milk Powder Market Segmentation

2. Nonfat Milk Powder Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Nonfat Milk Powder Market Attractiveness Analysis By Heat Treatment

9. Global Nonfat Milk Powder Market Attractiveness Analysis By Application

10. Global Nonfat Milk Powder Market Attractiveness Analysis By Distribution Channel

11. Global Nonfat Milk Powder Market Attractiveness Analysis By Region

12. Global Nonfat Milk Powder Market: Dynamics

13. Global Nonfat Milk Powder Market Share By Heat Treatment(2021 & 2028)

14. Global Nonfat Milk Powder Market Share by Application(2021 & 2028)

15. Global Nonfat Milk Powder Market Share by Distribution Channel(2021 & 2028)

16. Global Nonfat Milk Powder Market Share by Regions (2021 & 2028)

17. Global Nonfat Milk Powder Market Share by Company (2020)

This study forecasts revenue at global, regional, and country levels from 2018 to 2028. The Brainy Insights has segmented the global nonfat milk powder market on the basis of below mentioned segments:

Global Nonfat Milk Powder Market by Heat Treatment:

  • High-Heat Nonfat Milk Powder
  • Medium-Heat Nonfat Milk Powder
  • Low-Heat Nonfat Milk Powder

Global Nonfat Milk Powder Market by Application:

  • Bakery & Confectionary
  • Nutritional Foods
  • Prepared Food
  • Dairy Products
  • Others

Global Nonfat Milk Powder Market by Distribution Channel:

  • Online Stores
  • Offline Stores
    • Supermarket
    • Wholesalers
    • Retail Stores

Global Nonfat Milk Powder Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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