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Reconstituted Milk Market Size

  • Report ID: GMI6946
  • Published Date: Oct 2023
  • Report Format: PDF

Reconstituted Milk Market Size

Reconstituted Milk Market size was valued at USD 214.35 billion in 2022 and is estimated to expand at 8.3% CAGR from 2023 to 2032. Reconstituted milk, also known as rehydrated or reconstituted powdered milk, is produced by mixing water with milk powder to create a liquid milk product. This cost-effective alternative to fresh milk has gained traction in various regions due to its longer shelf life and affordability. It is used in a wide range of food products, including dairy-based beverages, baked goods, confectionery, and savory dishes.

 

The convenience and extended shelf life of reconstituted milk make it an attractive option for food manufacturers looking to reduce production costs and increase product stability. The global demand for dairy products has been steadily rising, driven by population growth and increased consumption in emerging markets. Reconstituted milk provides a viable solution to meet this demand while addressing cost constraints.

 

Cost efficiency stands out as a significant growth driver. Reconstituted milk is notably more economical to produce and transport than fresh milk, making it an attractive option for both manufacturers and price-conscious consumers. Its extended shelf life is another advantage, reducing spoilage and enabling distribution to areas with limited refrigeration infrastructure. The global population's steady growth contributes to increased demand for dairy products, and reconstituted milk offers a practical solution. The perception of reconstituted milk as inferior to fresh milk remains a hurdle that needs overcoming. Quality control is essential to maintain consistent taste and texture, and competition from readily available fresh milk can be formidable.

Authors: Kunal Ahuja, Himanshu Kabra

Frequently Asked Questions (FAQ) :

The market size of reconstituted milk reached USD 214.35 billion in 2022 and is estimated to record USD 476.72 billion by 2032, attributed to high application scope in wide range of food products to offer cost-effectiveness and longer shelf life.

Reconstituted milk industry size from the skimmed milk segment generated USD 118.89 billion in revenue in 2022, due to the rising preference for lower-calorie and lower-fat dairy options among health-conscious consumers.

Asia Pacific market size was valued at USD 99.70 billion in 2022, attributed to the presence of large population and diverse dietary preferences across the region.

Some of the major reconstituted milk firms are Nestle S.A., Kraft Heinz, Lactalis, Fonterra, Dairy Farmers of America, Arla Foods, Yili Group, Saputo, Pine Hill Dairy, DMK Group, Mengniu Dairy, Meiji Holdings, and China Modern Dairy.

Reconstituted Milk Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 300
  • Countries covered: 21
  • Pages: 210
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