Nonfat Dried Market Analysis By Application (Food and Beverage, Nutritional Supplements, Animal Feed, Others), By Type (Nonfat Dried Milk, Nonfat Dried Whey, Nonfat Dried Buttermilk, Nonfat Dried Yogurt, Nonfat Dried Cheese), and By Region Forecast to 2032

Report Overview

The Nonfat Dried Market size is estimated to grow at a CAGR of 5.2% between 2022 and 2032. The market size is forecast to increase by USD 3,789.23 million. The growth of the market depends on several factors, including the rising demand for healthy and convenient food products, increasing adoption of nonfat dried ingredients in the food and beverage industry, and growing awareness about the benefits of nonfat dried products. Nonfat dried refers to the process of removing the fat content from food products through drying, resulting in a concentrated form of nutrients and flavors. It is widely used as an ingredient in various food and beverage applications, including bakery products, dairy products, soups and sauces, and nutritional supplements.

Nonfat Dried Market Overview

Drivers

One of the key factors driving the nonfat dried market growth is the rising demand for healthy and convenient food products. Consumers are increasingly seeking healthier alternatives to traditional food products, and nonfat dried ingredients offer a solution by providing concentrated nutrients without the fat content. Nonfat dried products are also convenient to use and have a longer shelf life, making them popular among busy consumers. Additionally, the growing health consciousness and the desire for weight management are driving the demand for nonfat dried products.

Moreover, the food and beverage industry is witnessing a significant adoption of nonfat dried ingredients. Nonfat dried ingredients enhance the flavor, texture, and nutritional profile of food products, making them desirable for manufacturers. The versatility of nonfat dried ingredients allows their use in a wide range of applications, including bakery, dairy, and savory products. As a result, the demand for nonfat dried ingredients is expected to increase in the coming years, driving market growth.

Trends

A key trend shaping the nonfat dried market growth is the increasing adoption of nonfat dried ingredients in the plant-based food industry. With the growing popularity of plant-based diets, there is a rising demand for plant-based food products that mimic the taste and texture of animal-based products. Nonfat dried ingredients, such as nonfat dried milk powder and nonfat dried soy protein, are used as key ingredients in plant-based meat alternatives, dairy alternatives, and other plant-based products. These ingredients provide the desired texture, flavor, and nutritional profile to plant-based products, making them more appealing to consumers.

Additionally, there is a growing awareness about the benefits of nonfat dried products. Nonfat dried ingredients retain the nutritional value of the original food product while removing the fat content. They are rich in protein, vitamins, and minerals, making them a valuable addition to a healthy diet. The increasing focus on health and wellness is driving the demand for nonfat dried products, especially among health-conscious consumers. As a result, the market for nonfat dried products is expected to witness significant growth in the coming years.

One of the key challenges hindering the nonfat dried market growth is the high cost of production. The process of removing fat from food products through drying can be expensive, requiring specialized equipment and technologies. Additionally, the production of nonfat dried ingredients requires careful control of temperature and moisture levels to preserve the nutritional value and quality of the product. These factors contribute to the higher cost of nonfat dried products compared to their traditional counterparts.

Furthermore, the availability of alternative ingredients and substitutes poses a challenge to the nonfat dried market. Manufacturers have a wide range of options when it comes to choosing ingredients for their products, and nonfat dried ingredients face competition from other ingredients that offer similar functionalities. The availability of alternative ingredients at lower costs can impact the demand for nonfat dried products. Hence, such factors are expected to hinder market growth during the forecast period.

Nonfat Dried Market Segmentation By Application

The bakery products segment is estimated to witness significant growth during the forecast period. Nonfat dried ingredients, such as nonfat dried milk powder and nonfat dried egg white powder, are widely used in bakery products to enhance their texture, flavor, and nutritional profile. Nonfat dried ingredients provide moisture retention, improve the structure of baked goods, and contribute to their shelf life. They are used in a variety of bakery products, including bread, cakes, cookies, and pastries. The demand for bakery products is increasing globally, driven by changing consumer preferences and the growing popularity of convenience foods. Hence, the demand for nonfat dried ingredients in the bakery products segment is expected to drive the market growth during the forecast period.

The dairy products segment is another significant application of nonfat dried ingredients. Nonfat dried milk powder is extensively used in the production of dairy products such as yogurt, ice cream, and cheese. It provides a creamy texture, enhances the flavor, and improves the nutritional profile of dairy products. Nonfat dried milk powder is also used as a substitute for fresh milk in areas where fresh milk is not readily available or as a cost-effective alternative. The demand for dairy products is increasing globally, driven by the growing population, rising disposable incomes, and changing dietary preferences. Hence, the demand for nonfat dried ingredients in the dairy products segment is expected to fuel the market growth during the forecast period.

Nonfat Dried Market Segmentation By Type

The nonfat dried milk powder segment is estimated to witness significant growth during the forecast period. Nonfat dried milk powder is one of the most widely used nonfat dried ingredients in the food and beverage industry. It is produced by removing the fat content from fresh milk through drying, resulting in a concentrated form of milk solids. Nonfat dried milk powder is rich in protein, vitamins, and minerals, making it a valuable ingredient in various food and beverage applications. It is used in bakery products, dairy products, nutritional supplements, and other applications. The demand for nonfat dried milk powder is driven by its versatility, long shelf life, and nutritional benefits. Hence, the nonfat dried milk powder segment is expected to drive the market growth during the forecast period.

Regional Overview:

North America is estimated to contribute 35% to the growth of the global market during the forecast period. The region has a well-established food and beverage industry, which is a major consumer of nonfat dried ingredients. The demand for healthy and convenient food products is increasing in North America, driven by changing consumer preferences and the growing awareness about the benefits of nonfat dried products. Additionally, the region has a high adoption rate of plant-based food products, which further drives the demand for nonfat dried ingredients. The presence of key market players and technological advancements in the region also contribute to the growth of the nonfat dried market in North America.

In 2020, during the COVID-19 pandemic, the growth of the global nonfat dried market witnessed a temporary slowdown due to disruptions in the supply chain and changes in consumer behavior. However, as the situation improved and restrictions were lifted, the market started to recover. The increasing focus on health and wellness, along with the demand for convenient and shelf-stable food products, is expected to drive the market during the forecast period.

Nonfat Dried Market Customer Landscape

The nonfat dried market industry report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Who are the Major Nonfat Dried Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Some of the major companies operating in the nonfat dried market are:

• Agropur Cooperative
• Archer Daniels Midland Company
• Burra Foods Pty Ltd.
• DMK Deutsches Milchkontor GmbH
• Fonterra Co-operative Group Limited
• Kerry Group plc
• Lactalis Ingredients
• Nestle S.A.
• Saputo Inc.
• Tatua Co-operative Dairy Company Limited

The research report also includes detailed analyses of the competitive landscape of the market and information about 7 market companies, including:

• Amul
• Associated Milk Producers Inc.
• BelGioioso Cheese Inc.
• China Mengniu Dairy Company Limited
• Dean Foods Company
• Glanbia plc
• Groupe Lactalis S.A.

Qualitative and quantitative analysis of the nonfat dried market has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The nonfat dried market report forecasts market growth by revenue at global, regional, and country levels and provides an analysis of the latest trends and growth opportunities from 2019 to 2032.

• Application Outlook (USD Million, 2019 - 2032)
• Food and Beverage
• Nutritional Supplements
• Animal Feed
• Others
• Type Outlook (USD Million, 2019 - 2032)
• Nonfat Dried Milk
• Nonfat Dried Whey
• Nonfat Dried Buttermilk
• Nonfat Dried Yogurt
• Nonfat Dried Cheese
• Geography Outlook (USD Million, 2019 - 2032)
• North America
• The U.S.
• Canada
• Europe
• K.
• Germany
• France
• Rest of Europe
• APAC
• China
• India
• South America
• Chile
• Argentina
• Brazil
• Middle East & Africa
• Saudi Arabia
• South Africa
• Rest of the Middle East & Africa