According to a new report, published by KBV research, The Global Milk Powder Market size is expected to reach $43.8 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.
The Whole Milk Powder segment is leading the Global Milk Powder Market by Product Type in 2022; thereby, achieving a market value of $19.7 billion by 2030. Whole milk powder contains all milk's natural components, including fat, protein, carbohydrates, vitamins, and minerals. It is valued for its nutritional richness and completeness, making it a convenient and versatile source of essential nutrients for consumers of all ages. Therefore, the demand for the segment is driven by its nutritional value, versatility, convenience, and appeal to a wide range of consumers.
The Infant Formula segment is registering a CAGR of 4.4% during (2023 - 2030). Powdered infant formula offers consistency and standardization in nutrient content and formulation, ensuring that infants receive the nutrients required for healthy growth and development. Manufacturers ensure powdered formula products' safety and nutritional integrity by strictly adhering to regulatory standards and quality control measures.
Full Report: https://www.kbvresearch.com/milk-powder-market/
The Asia Pacific region dominated the Global Milk Powder Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $15.8 billion by 2030. The Europe region is experiencing a CAGR of 4.1% during (2023 - 2030). Additionally, The North America region would exhibit a CAGR of 4.5% during (2023 - 2030).
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