The global spray dried nonfat dry milk powder market is highly competitive with players focusing on the offering organic products which is further expected to contribute towards market share of spray dried nonfat dry milk powder over the forecast period. The global demand for spray dried nonfat dry milk is expected to expand with a significant CAGR over the forecast period.
Major factor fueling the spray dried nonfat dry milk market includes, rising consumer demand for healthy and nutritious products. Due to less moisture content spray dried nonfat dairy milk aids in accelerating shelf life of the products which is driving its use among the food products manufacturers across the globe. Also, reduced transportation and storage cost associated with spray dried nonfat dry milk is helping the market generate significant revenues.
Rising disposable income of population living in emerging nations and growing consumption of spray dried nonfat dry milk as an alternative to regular milk are likely to boost the demand for spray dried nonfat dry milk market. Furthermore, increasing demand for low fat, organic food products is helping the manufacturers to generate maximum revenue returns in the global market for spray dried nonfat dry milk over the forecast period.
Difficult climatic conditions and low/negative farm margins have led to a decline in spray dried nonfat dried milk market around the globe. Poor weather conditions, declining milk prices across the globe have contributed towards reduced milk production in key exporting regions including the EU, New Zealand, Australia, China, Argentina and Brazil. Stringent development of rules regarding the spray dried nonfat dry milk has impacted the production. Spray dried nonfat dry milk powder has all the nutrients present in milk, except vitamin C, vitamin B12, thiamin, and a reduced amount of protein.
Few of the major players in the spray dried nonfat dry market include, Nestlé SA, Arla Foods amba, Fonterra Cooperative Group. These companies are being profited with the increase in the sale of spray dried nonfat dry milk across the globe.
Request a PDF Brochure with Research Report Analysis @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=32624