Adult Powdered Milk Market

Market Overview

The Global Adult Powdered Milk Market Size is expected to grow at a CAGR of approximately around 4.2% during the forecast period of 2023-2031.

Powdered milk is known as adult milk powder, specifically for adults who have difficulty digesting lactose or are lactose intolerant. After the milk evaporates, the resulting powder is sprayed into a fine mist, creating a powder easily soluble in liquids and may be used to make the product. It is common practice to enhance the nutritional value of adult milk powder by adding various vitamins and minerals, such as calcium, vitamin D, and iron. It can be substituted for fresh milk in recipes for cooking, baking, or producing hot beverages or shakes.

There are also chocolate and vanilla-flavored options available with certain companies. They are utilized in numerous food and beverage formulations along with a bakery, confectionery, dairy, meat, main dishes, recombined milk, and nutritional merchandise. The powder is particularly available in varieties: skimmed milk powder and whole milk powder.

Market Dynamics

Market Drivers

• Rising Demand For Dairy Goods

Milk production is one of the most important businesses in agriculture, and dairy products are important staple foods for most people. They make up a big part of most people's diets and cost between 10 and 15% of what households spend on food. In the coming years, the milk products business is likely to have a good effect on the food industry worldwide. The demand for dairy and dairy products is increasing worldwide because of things like rising populations, more people living in cities, changing habits, more innovation, and better dairy processing technology. Milk powders are a good source of protein, calcium, and other vitamins that may be hard or expensive for people in developing countries to get from other foods, like meat or vegetables. Because of this, people in these countries may start to eat more milk powders over time, increasing the demand for this product worldwide.

Market Restraints

• Addition of Preservatives and High Cost of Production

The adult milk powder market is limited by things like the high cost of production and the fact that soy milk and almond milk are also available. The price of milk powder going up and down and the lack of raw materials are also big worries for producers. Also, some people think powdered milk is not as good as fresh milk, which could make fewer people want to buy adult milk powder. Adult milk powder also has some preservatives in it to produce various flavors. Hence, the government’s strict rules about food production can hamper this market.

Market Opportunities

• Solves Indigestion Problems

In most cases, indigestion is caused by eating food; however, it can also be caused by other causes such as smoking, drinking alcohol, drinking coffee, being pregnant, being stressed out, or taking certain drugs. People who have trouble digesting conventional milk may find lactose-free milk a more suitable option. It contains lactase, an enzyme that assists in the digestion of lactose, and it is nearly identical to conventional milk in terms of flavor, consistency, and nutritional value. Another contributing factor is the rising prevalence of bone-related disorders like osteoporosis. This has increased the demand for calcium and vitamin D supplements, often enriched in adult milk powder. As a result, consumers are turning to adult milk powder as a simple way to meet their nutritional needs.

Market Scope

Segmental Analysis

Segmentation By Type

• Whole Milk Powder

Whole milk powders are obtained by removing water from pasteurized milk through spray-drying. The powder can contain between 26% and 40% milk fat (by weight) and offers all the nutritional qualities of milk in its dry form.

• Skim Milk Powder

Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying. Skimmed milk powder is classified according to the heat treatment used in its manufacture (high heat, medium heat, and low heat). It is used in a wide variety of applications. It is good for health as it is a great source of nutrition for the body.

Segmentation By Application

• Age 18-35

This age group generally demands adult milk powder because they want to add various flavors to their milk.

• Age 35-55

The 35–55 age group is likely to have a higher demand for adult milk powder because they are more likely to have age-related health problems, like bone density loss, and because they are more aware of how milk and dairy products can help improve their general health and wellness.

• Age >55

This age group does not have much demand for adult milk powder.

Regional Analysis

The Global Adult Powdered Milk Market Analysis is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

North America

In North America, people regularly purchase and consume packed products. Due to their busy schedules, they require fast-consuming products that can be healthy. So, customers are becoming more aware of the health benefits of milk powder. When mixed with fresh milk, milk powder's protein, calcium, vitamin D, and vitamin A help build bones. It is a good source of protein and can be added to adult recipes to make them healthier, especially for people with fitness problems that require a lot of protein, propelling the increased market share of the adult powdered milk market.

Europe

In Europe, the market is driven by the move toward living a healthy and active life. Low-fat, low-calorie, and low-sugar products are becoming more common as people become more health-conscious. Because of this, adult milk powder is being sold as a healthier option to regular milk products. Overall, these factors are likely to keep pushing the growth of the adult milk powder market in the future.

Asia-Pacific

The Asia-Pacific region has a high population, and countries like India and China’s adult milk powder market growth is propelling. One of the key drivers is the increasing awareness among consumers about the benefits of consuming milk powder, particularly for those who have difficulty digesting lactose. Additionally, the demand for convenient and easy-to-use dairy products is fueling the growth of the adult milk powder market. Another contributing factor is the rising prevalence of bone-related disorders like osteoporosis. This has increased the demand for calcium and vitamin D supplements, often enriched in adult milk powder.

Key Players

1. Abbott
2. Nestle
3. Anlene
4. Murray Goulburn
5. Régilait
6. Yili
7. Fasska
8. Yashily
9. Vreugdenhil Dairy
10. Anchor
11. GMP
12. Feihe
13. Tatura
14. Ausino Products
15. Wondersun
16. Able Food Sdn Bhd
17. Mengniu
18. Anmum Malaysia

Recent Developments

June 2023 - Nestle has announced the launch of a partnership with The Yield Lab Latam, a specialized venture capital fund investing to help transform the food sector in Latin America. The Yield Lab Latam invests in technology-based startups operating in the agri-food industry to bring innovative technology solutions from food production to agricultural methods. It connects investors, startups, corporates, farmers, the public sector, and research communities to promote the sustainable transformation of this critical industry. The company has invested in The Yield Lab Latam from its Sustainability Fund. The Fund invests in innovative startups and organizations working in two key areas: promoting packaging solutions and recycling infrastructure that contribute to circular economies and helping the food sector transition to regenerative agriculture.