How Has The Non Fat Dry Milk Market Size Evolved In Recent Years?
The non fat dry milk market has seen considerable growth due to a variety of factors.
• In recent times, the non fat dry milk industry has seen substantial growth. The market size is projected to escalate from $8.41 billion in 2024 to $8.92 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.1%. This surge during the historical phase is a result of factors such as growing consumer consumption of dairy products, changes in consumer preferences, competition within the dairy industry, economic considerations, and its use as an ingredient in various food products.
What are the Market Size and Expected Growth Rates for the Non Fat Dry Milk Market in the Coming Years?
The Non Fat Dry Milk market is expected to maintain its strong growth trajectory in upcoming years.
• In the approaching years, the non fat dry milk market is forecasted to experience significant expansion, with expectations to reach a growth of $11.26 billion in 2029, registering a compound annual growth rate (CAGR) of 6.0%.
The predicted expansion in the upcoming period is due to factors such as effective supply chain management, health and wellness trends, dietary preferences, alternatives to dairy, an increasing population, and urbanization. Prominent trends for the forecast period comprise of product enhancements, integration of functional foods, introduction of sustainable products, and plant-based alternatives.
Which Key Drivers Are Propelling The Non Fat Dry Milk Market's Growth?
Rising health awareness among consumers is anticipated to propel the expansion of the non-fat dry milk market in future. These health-aware consumers lead lives focused on wellness, paying careful attention to their environment and nutritional intake. This increasing health awareness is born out of a desire to maintain robust health and ward off chronic, long-term illnesses. Many who prioritize their health are gravitating towards non-fat dry milk due to its myriad benefits such as matching the nutritional content of fresh milk, delivering minerals essential for bone growth, and containing high levels of protein, calcium, vitamin D, and vitamin A. For example, a survey compiled by the International Food Information Council (IFIC) in June 2024 showed that out of 1,005 respondents, 54% of Americans pursued a healthy diet or eating habit in 2024, a significant increase from the 52% recorded the previous year in 2023. Consequently, this increasing health-conscious attitude among consumers will underpin the continued growth of the non-fat dry milk market.
What Are The Key Segments Within The Global Non Fat Dry Milk Market?
The non fat dry milk market covered in this report is segmented –
1) By Type: Spray Dried, Roller Dried
2) By Classification: High-Heat NFDM (Non Fat Dry Milk), Medium-Heat NFDM (Non Fat Dry Milk), Low-Heat NFDM (Non Fat Dry Milk)
3) By Variety: Almond NFDM (Non Fat Dry Milk), Coconut NFDM (Non Fat Dry Milk), Soy NFDM (Non Fat Dry Milk), Other Varieties
4) By Function: Browning Or Color, Emulsification, Foaming, Water Binding, Flavor
5) By End-User: Residential, Commercial
Subsegments:
1) By Spray Dried: Instant Non-Fat Dry Milk, Regular Non-Fat Dry Milk
2) By Roller Dried: Regular Roller Dried Milk, Instant Roller Dried Milk
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How Are New Trends Impacting The Size Of The Non Fat Dry Milk Market?
Leading businesses that have a strong presence in the non-fat dry milk market are coming up with inventive items like RTD-flavored milk in an effort to reach a wider audience, enhance sales and boost their revenue. Ready-to-Drink (RTD) flavored milk is a hassle-free, pre-packaged drink that merges milk with diverse flavors, tailor-made for consumption on the move. For example, Nestlé, a food product company based in Switzerland, launched a new limited-edition RTD-flavored milk named Nesquik Another Bun under their Nesquik brand in August 2024. This cinnamon bun-flavored beverage offers subtle sweet cinnamon and warm baked dough notes. It is made with 100% real milk and each serving of this low-fat drink supplies 14 g of protein.
Who Are the Key Players In The Non Fat Dry Milk Market?
Major companies operating in the non fat dry milk market include:
• Blue Diamond Growers Co.
• All American Foods Inc.
• Alpen Food Group
• American Dairy Products Institute
• Anand Milk Union Limited
• Arla Foods AMBA
• Bluegrass Ingredients Inc.
• Bob's Red Mill Natural Foods Inc.
• Cayuga Milk Ingredients LLC
• Chicago Dairy Corporation
• Clofine Dairy & Food Products
• DairyAmerica Inc.
• DANA Dairy Group Ltd.
• Danone SA
• Glanbia Ingredients Ireland Limited
• Hilmar Cheese Company
• Hochdorf Holding AG
• Holland Dairy Foods LLC
• Nestlé SA
• NOW Foods Pvt. Ltd.
• Organic Valley Cropp Cooperative
• Revala Ltd.
• St Albans Cooperative Creamery
• SunOpta Inc.
• Vreugdenhil Groep B.V.
• Agropur Cooperative
• Associated Milk Producers Inc.
• Aurora Dairy Corporation
• California Dairies
• Inc.
• Continental Dairy Facilities LLC
What Are The Regional Insights Into The Non Fat Dry Milk Market?
North America was the largest region in the non-fat dry milk market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-fat dry milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
