Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Non-fat dry milk is formed by evaporation of liquid milk followed by removal of fats. There are some advantages of non-fat dry milk that have contributed to the growth of the non-fat dry milk market. Non-fat dry milk has an extended shelf life as related to liquid milk.
The growing acceptance of non-fat dry milk in end-use industries such as bakery and meat industries and increasing demand for non-fat dry milk in the confectionery industry are the main factors driving the growth of the global non-fat dry milk market. Moreover, non-fat dry milk is used to cook cakes, puddings, and it is a vital ingredient for good loaf volume in bread, these are other factors expected to fuel growth to the non-fat dry milk market throughout the forecast period. Furthermore, the extended shelf life of non-fat dry milk, easy handling, and transportation of non-fat dry milk as associated with liquid milk are some other factors projected to support the growth of the non-fat dry milk market.
The exclusive COVID 19 impact analysis provides an analysis of micro and macro-economic factors on the non-fat dry milk market. Also, complete analysis of changes on healthcare expenditure, economic and international policies on supply and demand side. The report also studies the impact of the pandemic on global economies, international trade, business investments, GDP, and marketing strategies of key players present in the market.
The study analyses the global non-fat dry milk market based on the product, type, function, sales channel, application, and geography.
High-heat, medium-heat, and low-heat are the product type of the market. By product, the high-heat segment is expected to dominate the non-fat dry milk market. The high-heat segment is predicted to register a highest growth rate during the period.
Modern trade, traditional grocery stores, convenience stores, online channels, other retail formats, and direct sales are the sale channel of the market. The online channel segment held the largest share in the market. It is also anticipated to gain high BPS by the end of the forecast period.
The market finds application in home reconstitutions, dairy whiteners, bakery and confectionery, desserts, ice-cream, dairy blends, snacks, and nutritional supplements. The nutritional segment held a lion’s share in the market. Owing to its nutritional property, as it is low in fat and good for health.
Major functions of non-fat dry milk include coloring, emulsification, foaming, water binding, flavour etc. Non-fat dry milk is widely used both as an ingredient in other preparations and for direct consumption. Flavor quality of NDM is a critical parameter because it can directly impact final product quality. Flavors can be formed in non-fat dry milk during subsequent storage. Identification of compounds responsible for storage-induced flavors is necessary to correlate sensory quality with potential sources of the flavors.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific is leading the global non-fat dry milk market and accounts for maximum market share in terms of revenue owing to the increasing adoption of non-fat dry milk in confectionary and bakery industries in countries in the region.
The key competitor of the market includes DairyAmerica, Inc., All American Foods, Inc., NOW Foods, American Dairy Products Institute, Nestle S.A., HOCHDORF Holding Ltd, Amul, Bob's Red Mill natural foods, The St. Albans Cooperative Creamery, Inc., Arla Foods, among others.
The study analyses the global non-fat dry milk market based on the product, type, function, sale channel, application, and geography. High-heat, medium-heat, and low-heat are the product type of the market. By product, the high-heat segment is expected to dominate the non-fat dry milk market. Modern trade, traditional grocery stores, convenience stores, online channels, other retail formats, and direct sales are the sale channel of the market. The online channel segment held the largest share in the market. The market finds application in home reconstitutions, dairy whiteners, bakery and confectionery, desserts, ice-cream, dairy blends, snacks, and nutritional supplements. The nutritional segment held a lion’s share in the market. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific, and the Rest of the World.
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