Adult Powdered Milk Market

The Adult Powdered Milk Market is expected to grow from USD 413.00 Million in 2022 to USD 683.51 Million by 2030, at a CAGR of 6.50% during the forecast period.

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Adult Powdered Milk Market Size

 

Adult powdered milk refers to the milk powder consumed by individuals who have crossed their growing year's age, thus making it an excellent source of nutrition, proteins, and minerals. The market research report divides the adult powdered milk market based on type into Whole Milk Powder and Skim Milk Powder. Based on applications, the market is segmented into Age 18-35, Age 35-55, and Age >55. The report covers different regions like North America, Asia Pacific, Middle East, Africa, Australia, and Europe, where the market players like Abbott, Nestle, Anlene, Murray Goulburn, Régilait, Yili, Fasska, Yashily, Vreugdenhil Dairy, Anchor, GMP, Feihe, Tatura, Ausino Products, Wondersun, Able Food Sdn Bhd, and Mengniu are operating. Some regulatory and legal factors specific to market conditions, such as the U.S. Food and Drug Administration's regulations for milk nutritional labeling, are considered in the report. The report suggests that consumers' awareness regarding nutrition and the convenience offered by adult powdered milk would drive the market growth during the forecast period.

Adult Powdered Milk Market Key Players

 

  • Abbott

  • Nestle

  • Anlene

  • Murray Goulburn

  • Régilait

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Adult Powdered Milk Market Segment Analysis

 

The latest trend in the Adult Powdered Milk market is the use of plant-based options such as soy, pea, and almond. The demand for vegan and plant-based products has been on the rise in recent years, leading to manufacturers developing innovative, non-dairy alternatives. Another trend is the use of organic ingredients, which consumers perceive as healthier options. As consumers become more health-conscious, there is an increased interest in organic, natural, and non-GMO products.\

In conclusion, the report's main findings indicate that the Adult Powdered Milk market has the potential for growth due to an increase in awareness about its health benefits and a rise in the aging population. The report recommends manufacturers to invest in R&D to improve the taste and nutritional value of their products, as well as exploring the use of plant-based and organic ingredients to cater to changing consumer preferences.

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KEY PRODUCT APPLICATION COVERED

  • Age 18-35

  • Age 35-55

  • Age >55

KEY PRODUCT TYPES COVERED

  • Whole Milk Powder

  • Skim Milk Powder

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