The global Skimmed Milk Powder market is estimated to register significant CAGR between 2018 and 2024. The
report included a detailed competitive scenario and portfolio of leading
vendors operating in Skimmed Milk Powder market all across the world. The
report gives detailed segments analysis of Skimmed Milk Powder market in which
the report describes the market into product types, application type and
regional segments. Based upon product type, Skimmed Milk Powder market is
classified as Flavored Non Fat Powder, Whole Milk Powder, Butter Milk Powder
and Other Powder. On the basis of application type, Skimmed Milk Powder market
has been segmented as Danone, Nestle, Friesland Campina, Arla, Alpen Dairies,
California Dairies, DFA and Lactalis. The regions covered in this report are
North America, Europe, Asia-Pacific and Rest of the World. North America
dominates the market with highest market share due to developed food industry.
Europe is second largest market for Skimmed Milk Powder and it is expected to
generate new opportunity with product innovation and increased investment in
research and development. Asia Pacific Skimmed Milk Powder market is witnessed
with strong growth rate due to increased demand. Skimmed milk powder is the
resultant of partial fat and water removal from the pasteurized milk. Skim milk
powder (SMP) has low moisture and fat contents and, when stored in dry, cool
conditions, has a shelf life in excess of two years. Specifically, when stored
at 15°C and a relative humidity of 75%, skim milk powder has a minimum shelf
life of two years, an average shelf life of three years and a maximum shelf
life of four years.
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