Milk Powder Market Size, Share, Key Players, Industry Insights, Competitive Landscape and Forecast 2023-2028
According to IMARC Group’s latest report, titled “Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, The global milk powder market size reached US$ 32.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.4% during 2023-2028. Milk powder is a dairy product made by dehydrating fresh milk through a process of evaporation. The liquid milk is first pasteurized, then evaporated to remove the water content until it becomes a dry powder. This powder can be stored for long periods without refrigeration and is often used as a convenient substitute for fresh milk. Milk powder is available in various forms, such as whole milk powder, skimmed milk powder, and buttermilk powder. It is commonly used in the food and beverage (F&B) industry as an ingredient in baked goods, confectioneries, and baby formulas, as well as in households for cookin...