Global Skimmed Milk Market Overview
Skimmed Milk Market Size was estimated at 38.99 (USD Billion) in 2022. The Skimmed Milk Industry is expected to grow from 39.61(USD Billion) in 2023 to 45.6 (USD Billion) by 2032. The Skimmed Milk Market CAGR (growth rate) is expected to be around 1.58% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Skimmed Milk Market Trends Highlighted
Emerging trends noticed in the Skimmed Milk Market suggest that there is going to be an upsurge in demand for low-fat and high-protein dairy products as consumers become more health-conscious. There is a development of plant-based substitutes such as soy, oats, and almonds, which are facilitating further market growth as people adopt healthier and more sustainable diets.
Rising key market factors encompass increased cases of lactose intolerance and other digestive problems, resulting in a need for lactose-free products. The market growth of skimmed milk is due to its application in the food and beverage industry, mostly fitness, sports nutrition and weight control products. There is, moreover, a rising trend towards functional food with enhanced bioactivity through the addition of vitamins and minerals probiotics as well, which calls for market growth scope.
Skimmed Milk Market Drivers
Rising Health Consciousness
Consumers are becoming increasingly aware of the health benefits associated with consuming skimmed milk. Skimmed milk is a good source of protein, calcium, and other essential nutrients, and it is low in fat and calories. As a result, many consumers are choosing to switch from whole milk to skimmed milk in order to improve their overall health and well-being. This trend is expected to continue in the coming years, driving growth in the skimmed milk market. In addition to its health benefits, skimmed milk is also a versatile ingredient that can be used in a variety of food and beverage products.It can be used to make yogurt, cheese, ice cream, and other dairy products. It can also be used in baking and cooking. This versatility makes skimmed milk a valuable ingredient for food and beverage manufacturers, and it is expected to continue to drive growth in the skimmed milk market. The skimmed milk market is a highly competitive market with a number of major players. Some of the key players in the market include Nestle, Danone, Lactalis, and Arla Foods.These companies are investing heavily in research and development in order to develop new and innovative skimmed milk products. They are also expanding their distribution networks in order to reach new markets. As a result of these factors, the skimmed milk market is expected to experience significant growth in the coming years.
Growing Demand for Dairy Products in Emerging Markets
The demand for dairy products is increasing in emerging markets such as China, India, and Brazil. This increase is attributed to several factors, including accelerated incomes, urbanization, and altered diets. In the same markets, demand for skimmed milk will also increase. Skimmed milk is perceived to be considerably healthier. Nutritional practitioners have proven that skimmed milk contains similar nutrients an aspect that makes it healthier than whole milk.In addition, milk provides critical nutrients such as proteins and calcium vital for growth. In other words, emerging markets’ demand for skimmed milk will determine the commodity’s market demand for years to come.
Increasing Use of Skimmed Milk in Food and Beverage Products
Skimmed milk is increasingly being used in food and beverage products. This is because skimmed milk is a good source of protein, calcium, and other essential nutrients, and it is low in fat and calories. As a result, food and beverage manufacturers are using skimmed milk in a variety of products, including yogurt, cheese, ice cream, and baked goods. The use of skimmed milk in food and beverage products is expected to continue to grow in the coming years.This is because consumers are increasingly looking for healthier and more nutritious food and beverage options. As a result, food and beverage manufacturers are using skimmed milk in a variety of products to meet the demands of consumers.
Skimmed Milk Market Segment Insights
Skimmed Milk Market Nature Insights
Two major categories of the Skimmed Milk Market are Organic and Conventional, as segmented by nature. As of 2023, the former was valued at 10.23 billion USD, and it is expected to grow at a CAGR of 2.5%, reaching a value of 13.45 billion USD by 2032. This growth rate is higher than the latter, making the Organic segment the faster-growing one. The primary driver of this growth is increasing health consciousness, resulting in a higher demand for entirely natural and minimally processed foods. Specifically, two concerns that respectively drive awareness and demand are the health risks presented by pesticides, antibiotics, and artificial growth hormones and the perception that organic skimmed milk is not associated with these alleged health risks.On the other hand, the value of the Conventional segment of the market as of 2023 was 29.38 billion USD, making up a significant majority of the market. However, its growth rate is slower, expected to be 1.2% in the forecast period and achieving a value of 33.97 billion USD by 2032. The slowing growth of this segment is the result of increasing competition from organic skimmed milk and ongoing changes in consumer preferences for healthier and more sustainable foods.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Skimmed Milk Market Processing Type Insights
Skimmed Milk Market is segmented by Processing Type into Spray Dried and Roller Dried. Spray Dried accounted for the largest revenue share in 2023 and is expected to grow at a similar pace going forward. These products are popular due to their superior yield and longer shelf-life. Spray Drying is the process of spraying the milk into a heated chamber in a fine mist, allowing the water to vaporize rapidly. The powder is then gathered and packaged for distribution. Roller Drying is also an efficient way of processing skimmed milk. This method involves spreading the milk into a thin layer on a heated roller, and it is amalgamated when the milk is dried.The dried milk is collected from the roller’s surface as a flaky powder and packed. The Skimmed Milk Market is expected to grow from 39.61 billion in 2023 to 45.6 billion MAC during 2032.
Skimmed Milk Market Application Insights
The Skimmed Milk Market is segmented based on the application of Food Beverages, Pharmaceuticals, and Animal Feed. Among these, the Food Beverages segment is projected to hold the largest market share of 62.9% by 2032. The growing demand for skimmed milk in the production of dairy products such as cheese, yogurt, and ice cream is driving the growth of this segment. Additionally, the increasing health consciousness among consumers is leading to a higher demand for low-fat dairy products, further boosting the growth of the Food Beverages segment.The Pharmaceuticals segment is expected to witness a significant growth rate during the forecast period due to the increasing use of skimmed milk in the manufacturing of infant formula and other nutritional supplements. The rising demand for skimmed milk in the Animal Feed segment is primarily driven by its high protein content, which is essential for the growth and development of livestock.
Skimmed Milk Market Distribution Channel Insights
The Skimmed Milk Market is segmented into distribution channels such as direct sales, retail sales, and online sales. Among these, direct sales accounted for the largest share of the Skimmed Milk Market revenue in 2023, owing to the strong relationships between manufacturers and distributors. However, online sales are expected to grow at the highest CAGR during the forecast period due to the increasing popularity of e-commerce platforms and the convenience they offer to consumers. Retail sales are also expected to grow steadily as more consumers opt for the convenience of purchasing skimmed milk from supermarkets and hypermarkets.Overall, the Skimmed Milk Market is expected to witness significant growth across all distribution channels in the coming years, driven by the increasing demand for skimmed milk as a healthy and nutritious beverage.
Skimmed Milk Market Packaging Type Insights
The Skimmed Milk Market is segmented based on Packaging Type into Pouches, Bags, Cartons, and Drums. Pouches held the largest market share in 2023 and are expected to continue to dominate the market during the forecast period. Pouches offer several advantages, such as flexibility, lightweight, and easy handling, making them a popular choice for storing and transporting skimmed milk. Cartons are another important packaging type, providing rigidity and protection to the product. Drums are commonly used for bulk storage and transportation of skimmed milk in the food industry.Bags, on the other hand, are less commonly used but still offer an economical option for packaging skimmed milk. The Skimmed Milk Market revenue is expected to witness steady growth, influenced by factors such as increasing demand for dairy products, growing awareness of the health benefits of skimmed milk, and expanding retail distribution channels.
Skimmed Milk Market Regional Insights
Regionally, North America held the largest market share in 2023, accounting for over 35% of the revenue. The region's dominance is attributed to the rising demand for skimmed milk in the food and beverage industry. Europe is another significant market, capturing over 30% of the market share. The increasing health consciousness among consumers has led to a growing preference for skimmed milk as a healthier alternative to whole milk. APAC is anticipated to witness the fastest growth during the forecast period. The region's expanding population and the growing demand for dairy products are expected to drive market expansion.South America and MEA are also potential markets for skimmed milk, with growing consumer disposable incomes and urbanization contributing to the increasing demand for dairy products.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Skimmed Milk Market Key Players And Competitive Insights
Major players in the Skimmed Milk Market industry are continuously developing advanced technologies and launching new products to meet the evolving demands of consumers. Leading Skimmed Milk Market players are focusing on strategic partnerships, joint ventures, and acquisitions to expand their presence and strengthen their market position. The Skimmed Milk Market Competitive Landscape is characterized by intense competition among established players and emerging entrants. Key players are investing heavily in research and development to innovate and differentiate their offerings. Market participants are also focusing on expanding their distribution channels and strengthening their supply chains to gain a competitive edge.Yili Group, one of the leading Skimmed Milk Market players, is known for its innovative product portfolio and extensive distribution network. The company has a strong presence in China and is actively expanding its footprint through strategic partnerships and acquisitions. Yili Group's commitment to quality and customer satisfaction has earned it a loyal customer base and a strong brand reputation.FrieslandCampina, another prominent player in the Skimmed Milk Market industry, is recognized for its high-quality dairy products and reach. The company has a strong presence in Europe, Asia, and Africa and is known for its extensive product portfolio and innovative packaging solutions. FrieslandCampina's focus on sustainability and ethical sourcing has contributed to its positive brand image and strong market position.
Key Companies in the Skimmed Milk Market Include
Skimmed Milk Market Industry Developments
The skimmed milk market is projected to grow from USD 39.61 billion in 2023 to USD 45.6 billion by 2032, at a CAGR of 1.58%. Rising demand for protein-rich and low-fat dairy products, increasing awareness of the health benefits of skimmed milk, and growing applications in the food and beverage industry are driving market growth. Key market trends include the development of innovative skimmed milk products, such as lactose-free and fortified varieties, and the expansion of e-commerce channels for skimmed milk sales. Recent news developments include the launch of Arla Foods' new skimmed milk powder plant in Denmark and Lactalis' acquisition of Stonyfield Organic, a leading U.S. organic dairy producer. These developments indicate the growing importance of skimmed milk in the dairy industry.
Skimmed Milk Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 38.99(USD Billion) |
| Market Size 2023 | 39.61(USD Billion) |
| Market Size 2032 | 45.6(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 1.58% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Lactalis, Danone, Arla Foods, The Kraft Heinz Company, Unilever, Amul, Bel Group, Nestlé, Lactantia, FrieslandCampina, Royal FrieslandCampina, Fonterra, Meiji Dairies, Saputo |
| Segments Covered | Nature, Processing Type, Application, Distribution Channel, Packaging Type, Regional |
| Key Market Opportunities | Growth in health-conscious consumer base Rising demand in the food and beverage industry Increasing awareness about lactose intolerance Growing popularity of protein-rich diets Expansion into emerging markets. |
| Key Market Dynamics | Rising demand for protein-rich diets Increasing health consciousness Growing vegan population Product innovation Expansion into emerging markets. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The skimmed milk market is expected to reach a valuation of USD 45.6 billion by 2032, exhibiting a CAGR of 1.58% during the forecast period (2024-2032).
North America is anticipated to dominate the skimmed milk market throughout the forecast period, owing to the increasing demand for dairy products in countries such as China, India, and Japan.
Rising health consciousness, growing popularity of low-fat and lactose-free dairy products, and expanding applications in various food and beverage industries are the primary drivers propelling the growth of the skimmed milk market.
The food and beverage industry holds the largest share of the skimmed milk market, primarily due to its extensive use in the production of various dairy products, including yogurt, cheese, and ice cream.
Major players in the skimmed milk market include Fonterra Co-operative Group, Lactalis Group, Nestlé S.A., Danone S.A., and Arla Foods amba. These companies account for a substantial share of the market and compete based on factors such as product quality, price, and distribution network.
The growing demand for plant-based alternatives and the increasing popularity of functional and fortified skimmed milk products are emerging trends shaping the skimmed milk market.
The skimmed milk market is projected to grow at a CAGR of 1.58% from 2024 to 2032.
Fluctuations in raw milk prices, intense competition from plant-based alternatives, and changing consumer preferences can potentially hinder the growth of the skimmed milk market.
Maintaining product quality, ensuring a consistent supply of raw milk, and adapting to evolving consumer demands are some of the key challenges faced by manufacturers in the skimmed milk market.
Growing demand for innovative and functional skimmed milk products, expanding distribution channels, and strategic partnerships with food and beverage companies present opportunities for new entrants in the skimmed milk market.
Research Analyst Experienced business professional with a demonstrated history of working in the cfnb industry. skilled in market research, and market estimation. strong professional with a masters focused in marketing management.
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