The Europe Reconstituted Milk Market would witness market growth of 7.6% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 15,872.5 kilo tonnes, showcasing a growth of 3.3% (2019-2022).
Reconstituted milk implies addition of water to dried milk powder to restore it to its liquid form. This can be done with whole milk powder, non-fat dry milk (NFDM), or skim milk powder. It is common in many places where refrigeration is not easily accessible or is expensive, as powdered milk has a longer shelf life and doesn't require refrigeration.
The expansion of the market is primarily propelled by convenience and a longer expiration life than conventional milk. In addition, consumers living in regions with limited access to raw milk may find reconstituted milk a practical option. With its extended shelf life, it is a valuable resource for emergency preparedness, particularly in disaster-prone regions with restricted access to raw milk. It functions as a reliable source of nourishment in times of emergency, assuring a steady supply of milk even when fresh options are scarce.
In addition to being more affordable than fresh milk, it has a prolonged expiration. This extended expiration life results from innovative manufacturing techniques that guarantee product safety and preservation without refrigeration. This characteristic appeals to consumers seeking dairy products that can be kept for extended periods without going bad.
Europe is a diverse region with varying consumer preferences, economic conditions, and dietary habits across its many countries. The market in Europe reflects this diversity. Countries with strong dairy industries, like France, the Netherlands, Ireland, and Denmark, have a deep-rooted culture of consuming dairy products. While fresh milk is the go-to choice for many recipes, it might be used in some specific recipes or industrial food preparations, where consistency and detailed textures are required. Thus, the rising adoption and use of it in this region will aid in the development of the market in the coming years.
The Germany market dominated the Europe Reconstituted Milk Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $20.6 billion by 2030. The UK market is estimated to grow at a CAGR of 6.7% during (2023 - 2030). Additionally, The France market would witness a CAGR of 8.4% during (2023 - 2030).
Based on Application, the market is segmented into Milk, Cheese, Yogurt, Ice Cream, and Others. Based on Source, the market is segmented into Skimmed Milk, Whole Milk, Anhydrous Milk Fat, and Unsalted Frozen Butter. Based on Distribution Channel, the market is segmented into B2B, and B2C (Hypermarkets/Supermarkets, Wholesale Stores, Online Sales, and Others). Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Reconstituted Milk Market is Projected to reach USD 386.6 Billion by 2030, at a CAGR of 8.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Nestle S.A, Lactalis Group, Fonterra Co-operative Group Limited, Dairy Farmers of America, Inc., Saputo, Inc., Schreiber Foods, Inc., China Mengniu Dairy Company Limited, Meiji Holdings Co., Ltd., and Sodiaal International
By Application (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Distribution Channel (Volume, Kilo Tonnes, USD Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Million, 2019-2030)
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