Skim Milk Market Share Growing at 7.3% CAGR – Global and Regional Analysis
Skimmed milk contains the same nutrients in the same relative proportions as fresh milk, so it is used in many food products such as bakery and confectionery products
PORTLAND, OR, USA, March 11, 2022 /EINPresswire.com/ — Skim Milk Market by Application and Distribution Channel: Global Opportunities Analysis and Industry Forecast, 2018 to 2024″. The global skim milk market was valued at USD 9,894 million in 2017 and is projected to reach 16 $498 million by 2024, registering a CAGR of 7.3% from 2018 to 2024. In 2017, the confectionery segment accounted for over one-fifth of the global market by value.
Skim milk is a type of milk created by removing cream from milk. The modernized and fast way to make skimmed milk is to put the whole milk through a machine called a centrifugal separator, which extracts some or all of the fat globules from the milk. As the cream was removed from milk, it contains 0-0.5% fat, usually has an average fat content of 0.1%. Skim milk contains fewer calories than other types of milk and contains lactose, milk protein and minerals in the same relative proportions as the fresh milk from which it is made.
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Skim milk contains slightly more calcium and protein than whole milk and contains no added sugar. It’s loaded with protein, calcium, phosphorus, vitamin D, and vitamin A, making it a high-quality, complete protein source. It helps build strong bones, teeth, and muscles, and also aids in healthy weight management. Due to these beneficial nutrients and health benefits associated with skimmed milk, the demand for skimmed milk has increased significantly, thereby driving the growth of the market.
Skimmed milk is mainly used in confectionery foods in particular. Manufacturers use skim milk in its powdered form in baking recipes to enhance the tenderness of foods such as donuts, cakes, and bread. Adding skim milk powder to bakery and confectionery products renders firmness thus making them tender. It is also used in the preparation of chocolates, savouries, pastries and other confections to improve flavor and water-holding capacity allowing the baked product to stay fresh longer. However, to compensate for saturated fat, sugar is added to skim milk, which can lead to health problems such as diabetes and hypoglycemia.
Additionally, the dairy industry often adds powdered milk to skim milk as a protein enrichment, causing oxidation of cholesterol in the milk. This leads to plaque buildup in the arteries, inflammation in the body, and contributes to heart disease. These adverse effects of skimmed milk on the human body are limiting the growth of the skimmed milk market. Additionally, the increase in the use of alternative dairy products prepared from milk, derived from various vegetable sources such as almond, soybean, rice, coconut, and others, is also affecting the growth of the market skimmed milk. Additionally, skimmed milk costs a bit more than regular milk, which also hinders the market growth in developing regions such as China and India, as it has a large middle-class population susceptible to price. Casein and caseinates, which are widely used as food ingredients in products such as dairy desserts, milk-based drinks, sports nutrition, confectionery, meat products and non-dairy creamers, are generally prepared from skimmed milk by acid precipitation. The increased use of casein and caseinates by the food industry is further fueling the demand for skimmed milk.
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Major players operating in the skimmed milk market include Alpen Dairies, Amul, Arla Foods, Dairy Farmers of America Inc., Danone SA, Fonterra Co-operative Group Limited, LACTALIS Ingredients, Nestle SA, Saputo Inc., and Schreiber Foods Inc.