Non Fat Dry Milk Market: Asia-Pacific Excluding Japan (APEJ) to Dominate the Global Market in Terms of Revenue: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)
Valley Cottage, NY -- (SBWIRE) -- 11/09/2017 -- Nonfat dry milk is produced by evaporation of liquid milk followed by removal of fats. Nonfat dry milk and powdered milk are same items and the terms are used interchangeably. There are several advantages of nonfat dry milk which has contributed to the growth of the global nonfat dry milk market.
Nonfat dry milk has a longer shelf life as compared to liquid milk. It provides thickness to the food product it is added in. Nonfat dry milk can be used to prepare cakes, soups, meat products, puddings and other confectionaries.
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Nonfat dry milk is manufactured by evaporating liquid milk and removing fats. Nonfat dry milk is available in noninstant and in instant forms. It is used in several items such as soups, cakes, puddings, and few other food related items. It helps in retaining the thickness of the food item along with its rich texture. Water can also be added to use in milk beverages and cereals. More importantly, nonfat dry milk has a longer shelf life as compared to liquid milk.
According to Future Market Insights's research report on the Global nonfat dry milk market, the market is anticipated to reach a value of about US$ 7.9 Bn by the end of 2022 and is poised to grow at a steady CAGR during the forecast period of 2017-2022.
The global nonfat dry milk market finds Asia-Pacific excluding Japan (APEJ) region to be more lucrative in terms of growth.
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By application, nutritional supplements segment is poised to reflect highest growth rate to register a CAGR of 4.4% during the forecast period.
The research report has profiled companies which are expected to remain active in the expansion of global nonfat dry milk market throughout 2022. Companies such as Blue Diamond Growers, Inc., OATLY A.B, Danone, Earth's Own Food Company Inc., Eden Foods Inc., Organic Valley Cropp Cooperative, SunOpta, Inc., and The Hain Celestial Group, Inc., are profiled.