Skimmed Milk Market Size, Share, Industry, Forecast and outlook (2024-2031)

Skimmed Milk Market is segmented By Application (Bakery, Dairy, Confectionary, Prepared Milk, Others), By Form (Powder, Liquid), By Distribution Channel (Supermarket and Hypermarkets, Online Sales, Convenience Stores, Others), and By Region (North America, South America, Europe, Asia Pacific, Middle East & Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Skimmed Milk Market Size

The Global Skimmed Milk Market will be US$ 10.5 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 18.3 billion by 2030. The market is growing at a CAGR of 7.2% during the forecast period 2024-2031.

Skimmed milk, also known as low-fat or fat-free milk, is obtained by skimming techniques i.e., separating the cream from whole milk, resulting in a milk fat reduction with less than 0.5% fat content. Health-conscious individuals often favor skimmed milk or follow dietary guidelines recommending reduced fat intake.

It is perceived as a healthier alternative to whole milk due to its lower fat content while still providing essential nutrients like protein, calcium, and vitamins, driving the skimmed milk industry's market growth.

Skimmed milk applications include yogurt, dairy dessert, ice creams, confectionery, bakery, chocolates, etc. Skimmed milk has been positioned as a functional food, offering nutritional benefits beyond basic sustenance.

Manufacturers have focused on fortifying skimmed milk with additional nutrients, such as vitamins, minerals, and proteins, to enhance its nutritional profile. This trend caters to the growth of skimmed milk market growth.

Skimmed Milk Market Scope

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Skimmed Milk Market Dynamics

The Rise in Demand for Fat-Free and Low-Calorie Food is Driving the Growth of the Skimmed Milk Market

Low-calorie foods are becoming more popular as obesity becomes more prevalent. For instance-in May 2022, according to the CDC (Centers for disease control and Prevention) the prevalence of obesity in California is 30.3%.  Skim milk has numerous additional health advantages, including increased muscular performance, high bone mineral density, controlled blood sugar levels, weight loss, and management.  Moreover, the nutritional profile of skimmed milk is driving the market growth of skimmed milk.

The High Prices of  Skimmed Milk is a Restraining Factor for the Growth of the Skimmed Milk Market

Skimmed milk is often priced higher than whole milk due to the additional processing required to remove the fat content. This higher price point can make skimmed milk less affordable for price-sensitive consumers, limiting their willingness to purchase it regularly.

The high prices of skimmed milk can make it less competitive in the market compared to lower-priced alternatives. Plant-based alternatives, such as soy milk or almond milk, may be available at a similar or lower price point, offering a choice for consumers seeking dairy-free or low-fat options.

Skimmed Milk Market Segment Analysis

The Global Skimmed Milk Market is segmented based on application, form, distribution channel, and region.

Growing Consumption of Healthy Dairy Products

In 2022, the dairy segment had the highest revenue share in the skimmed milk market. Consumers opt for healthy dairy products such as ice creams, dairy-based beverages, smoothies, etc. Thus, the increase in demand for dairy products will help the segment to grow in the coming years. For instance, according to Statista 2022, the retail sales value of dairy products in the packaged food market in India reached 2.5 billion US dollars in 2022. Furthermore, the growth in the dairy industry is attributed to the rising demand for skimmed milk powder in manufacturing various dairy products such as cheese, butter, ice cream, and yogurt.

Source: DataM Intelligence Analysis (2023)

Skimmed Milk Market Geographical Share

Increasing Demand From Well-developed Dairy, Bakery, Confectionery, and Other Sectors  in North American Region

In 2022, North America had the highest skimmed milk market revenue share. The region has well-developed dairy, bakery, confectionery, and other sectors where the demand for healthier, low-calorie, low-fat food is increasing. According to Statista, in 2019, the average American consumed 10.8 pounds of skim milk.

Consumers in the U.S. prefer to consume nutrition-rich food, primarily diet food which will help them manage their weight and health. In addition, in various food industries and applications in the region, such as dairy, bakery and others, skimmed milk is primarily used as a healthier alternative.

Source: DataM Intelligence Analysis (2023)

Skimmed Milk Market Companies

The major global players include Alpenrose Dairy, Inc., Amul Industries Pvt. Ltd., Arla Foods amba, Dairy Farmers of America Inc., Danone S.A., Fonterra Co-operative Group Limited, LACTALIS Ingredients, Nestle S.A, Saputo Inc. and Schreiber Foods Inc.

COVID-19 Impact Analysis

Skimmed Milk Market COVID-19 Impact

Food and beverages are among the major industries that suffered from intense disruptions such as restrictions on the supply chain and the shutdown of warehouse plants. The import-export restrictions imposed by governments in North America, Asia, and Europe are hindering geographical expansion, business collaboration, and partnership opportunities.

Thus, these factors are hindering the growth of the skimmed milk market in the food and beverage industry. However, there has been a shift towards weight loss and weight management products during & after covid-19 pandemic which has increased the demand for skimmed milk products globally.

By Application

• Bakery
• Dairy
• Confectionary
• Prepared Milk
• Others

By Form

• Powder
• Liquid

By Distribution Channel

• Supermarket/Hypermarket
• Convenience Stores
• Online Sales
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In May 2023, Parag Milk Foods, an Indian company that manufactures, markets and sells milk and milk products launched Pride of Cows' fat-free milk. The fat-free milk will be available across households in Mumbai, Delhi, Pune, and Surat.
• In April 2023, Valio, a Finnish manufacturer of dairy products introduced Valio Prime SMP, a new infant-grade skim milk powder.
• In July 2022, Raw Pressery, a leading beverage brand in India introduced lactose-free skimmed milk.

Why Purchase the Report?

• To visualize the Global Skimmed Milk Market segmentation based on application, form, and distribution channel to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous skimmed milk market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The Global Skimmed Milk Market Report Would Provide Approximately 61 Tables, 59 Figures And 102 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies