Skimmed milk market was valued at $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 more than one-fifth share of the global market in terms of value.

Skim milk contains same nutrients in same relative proportions as the fresh milk, hence it is used in many food items such as bakery and confectionery foods and desserts to add nutritive value. It is also used by manufacturers for stabilization of dairy products such as yogurt, cheese, and butter. It is also used while preparing chocolates, savories, baked sweets, and other confectionaries to improve flavor and water binding capacity allowing the bakery product to remain fresh longer. Moreover, it is used to prepare skim milk powder, which is used in dietetic, sports nutrition food, and infant formulas. Wide applications of skim milk in food industry is expected to support the growth of the skimmed milk market.

Skim milk has slightly more calcium and protein when compared to full fat milk and has no added sugar. It is loaded with protein, calcium, phosphorous, vitamin D, and vitamin A, making it a source of high-quality complete protein. It helps build strong bones, teeth, and muscles, and also aids in healthy weight management. Owing to these beneficial nutrients and health benefits associated with skimmed milk, the demand for skimmed milk has increased significantly, thereby driving the market growth.

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Key Benefits
• This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global skimmed milk market for the period of 20172024 to identify the prevailing market opportunities.
• The key countries in all the majors regions have been mapped based on their market share.
• Porters Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplierbuyer network.
• In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
• Major countries in each region have been mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
• The report includes the analysis of the regional as well as global market, key players, market segments, and application areas, and growth strategies.

The key players operating in skimmed milk market include Alpen Dairies, Amul, Arla Foods, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, LACTALIS Ingredients, Nestle S.A, Saputo Inc., and Schreiber Foods Inc.

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