According to IMARC Group latest report titled “Skimmed Milk Powder Market in India: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on India skimmed milk powder market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The Indian skimmed milk powder (SMP) market size reached INR 133.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach INR 262.9 Billion by 2028, exhibiting a growth rate (CAGR) of 10.9% during 2023-2028.
What are skimmed milk powder?
Skimmed milk powder, also known as non-fat dry milk, is a dairy product obtained by removing the fat content from milk through a process called skimming. The fat is separated from the milk, leaving behind a powder with low-fat content. It is known for its high protein content and is a good source of essential amino acids. It also contains carbohydrates, vitamins, and minerals, such as calcium and phosphorus. It has a long shelf life and is widely used in various food applications. It is commonly used in the production of reconstituted milk, dairy products, bakery items, confectionery, infant formulas, nutritional supplements, and as an ingredient in food processing. It can be rehydrated with water to produce liquid milk or used as a dry ingredient in recipes.
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What are the growth prospects and trends in the India skimmed milk powder industry?
The market in India is primarily driven by the growing consumption of skimmed milk powder among the masses. Coupled with the rising consumer awareness regarding the health benefits is providing a boost to the sales of skimmed milk powder across the country. Moreover, easy product availability via online and offline organized distribution channels and the advent of home delivery models are creating a positive market outlook. Along with this, skimmed milk powder is often included in dietary plans for specific populations, such as athletes, individuals following weight management programs, and those with dietary restrictions or lactose intolerance. It provides a low-fat, protein-rich option that meets their nutritional needs, which is also driving the demand for skimmed milk powder. Some of the other factors driving the market further include rapid urbanization and the emerging food and beverage industry.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- GCMMF
- KMF
- Mother Dairy
- TN Cooperative
- RCDF
The report has examined the Indian Skimmed Milk Powder Market in 15 major states:
- Maharashtra
- Uttar Pradesh
- Andhra Pradesh
- Tamil Nadu
- Gujarat
- Rajasthan
- Karnataka
- Madhya Pradesh
- West Bengal
- Bihar
- Delhi
- Kerala
- Punjab
- Orissa
- Haryana
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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