The Adult Milk Powder Market was valued at $5568.61 million in 2022 and is estimated to reach $7245.25 billion by 2028, with a CAGR of 5.24% from 2023 to 2028.
Adults who normally have lactose intolerance or difficulties digesting lactose should use adult milk powder, a form of powdered milk, for intake. To generate a powder that is simple to dissolve in liquid, milk is evaporated, and the resulting powder is then sprayed into a fine mist. To add more nutritional value, adult milk powder is frequently fortified with vitamins and minerals like calcium, vitamin D, and iron. It can be added to hot beverages and smoothies, as well as utilized as a fresh milk alternative in cooking and baking. Some manufacturers also include alternatives with flavors, including chocolate or vanilla.
Market Drivers and Restraints:
Several factors are fueling the market for adult milk powder to rise. One of the main factors is consumers’ growing knowledge of the advantages of ingesting milk powder, particularly for individuals who have trouble digesting lactose. Additionally, the market for adult milk powder is expanding due to consumer demand for handy and simple-to-use dairy products. The increased incidence of bone-related diseases like osteoporosis is another issue. The need for calcium and vitamin D supplements, both of which are frequently supplemented in adult milk powder, has increased as a result of this. Consumers are therefore using adult milk powder as an easy approach to satisfy their nutritional needs. Additionally, the industry is being driven by the trend toward a healthy and active lifestyle. Low-fat, low-calorie, and low-sugar foods are getting more and more popular as customers become more health concerned. Adult milk powder is therefore promoted as a healthier substitute for regular milk products. In general, these elements are anticipated to support the market for adult milk powder’s expansion going forward.
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The report is segmented as follows:
The Adult Milk Powder Market is segmented by Type; the Market is segmented by Application; the Market is segmented by Distribution channels; the Market is segmented by Age group:
By Type (cow milk, goat milk, or camel milk)
By Application (nutritional supplements, meal replacements, and sports nutrition)
By Distribution channels (online retail, supermarkets, specialty stores, and others)
By Age group (18-35 years, 36-55 years, and 55 years and above)
The demand for adult milk powder is anticipated to be highest in the Asia Pacific region. The area is home to a sizable population, including a sizable number of older people who need quick-to-eat foods that are also nutrient-dense. In addition, the region’s demand for milk powder products has increased as a result of shifting dietary preferences and rising disposable incomes. The largest market worldwide and in the Asia Pacific is China, followed by Japan and India. The market for adult milk powder is expanding as Western diets and lifestyles become more and more well-liked in the area.
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Impact of COVID-19 pandemic on the market:
The COVID-19 pandemic has had a conflicting effect on the market for adult milk powder. On the one hand, a rise in demand for nutrient-rich products, such as milk powder, has been brought on by the growing focus on health and immunity. On the other hand, production and distribution of adult milk powder have been impacted by delays in supply chains, transportation, and manufacturing. Additionally, the pandemic-related economic slowdown has reduced consumer purchasing power, which can have a negative effect on the market. Overall, despite the challenges the pandemic has brought, the market for adult milk powder has benefited from chances for innovation and adaptation.
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