Tuesday, November 3, 2020

Increasing population and adoption as an alternative to milk along with reduced transportation and storage costs has fuelled the market growth: Ken Research

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In pastoral areas, the impact of the drought on livestock has led to a lack of access to milk thereby increasing the consumption of milk powder.

Low Milk Quality: Poor milking hygiene practices (both on-farm and post-farmgate) leads to inferior quality production. Unsatisfactory management practices and cold chain logistics can be a cause of irregular training and uninformed farmers who carry lesser knowledge on operational procedures. More number of milk cooling units can be placed in proximity to farmers in their villages with an objective to fill this gap.


Increase in Imports: Demand of powdered milk, especially whole and skimmed milk powder increased among food processors and manufacturers thus, leading to sharp increase in the imports from Middle East and Europe. Further due to seasonal fluctuations, delayed and sporadic rainfall is jeopardizing livelihoods and food security of thousands of Somali families. In pastoral areas, the impact of the drought on livestock has led to a lack of access to milk thereby increasing the consumption of Concentrated Milk.

Increase in Households: Increase in Population (15.4 million in 2019 from 13.7 million in 2014) and increasing adoption as an alternative to milk has boosted the sales. The development of advanced technologies in milk powder is driving the attention of the people towards the consumption of milk powder. The escalating preference for organic variants and clean label products that are free from additives, artificial preservatives or chemicals is acting a major growth-inducing factor.

Due to the demand supply gap of fresh liquid milk, majority of the milk powder is reconstituted into liquid milk and is widely used in Somalia because of reduced transport and storage costs (reduced bulk and weight, no refrigerated vehicles).

Smaller packaging i.e. single serving sizes gained traction among smaller household sizes as consumer started demanded products which can consumer on-the-go. Increasing health and wellness awareness coupled with expansion among distribution channels such as convenience stores, supermarket and hypermarket chains have boosted the sales.

The report titled Somalia Milk Powder Market Outlook to 2025 –Increasing Demand-Supply Gap for fresh milk due to Seasonal Fluctuations and Higher Shelf Life for Milk Powder to Drive Market Growth” by Ken Research suggested that the concentrated milk market is further expected to grow in the near future owing to its nutritional value and convenient usage.  Presence of numerous small and large manufacturers who compete in terms of prices and quality along with the initiatives taken by the government regarding the quality standard are increasing the sales. The market is expected to register a positive six year CAGR of 6.2% in terms of revenue during the forecast period 2019-2025F.

Key Segments Covered in Somalia Milk Powder Market: -

By Type of Milk Powder

Whole Milk Powder

Skimmed Milk Powder

By Application

Nutritional Foods

Infant Formula

Confectionaries

Others (Ice Creams, Chocolates, Bakeries and several other applications)

By Distribution Channel

Supermarket & Hypermarkets

Mom & Pop stores

Online

By Market Type

Unorganized

Organized

Key Target Audience

Milk Powder Repackaging Companies

Milk powder Manufacturers

Concentrated Milk Traders

Time Period Captured in the Report:

Historical Period: 2014-2019

Forecast Period: 2019–2025

Companies Covered:

Brookside Dairy Ltd.

Sameer Agriculture and Livestock Ltd.

Nestlé

Fonterra Cooperative Group Limited

New Kenya Co-Operatives Creameries

Arla Foods

Danone

Key Topics Covered in the Report:

Need and Opportunity Landscape in Somalia

Somalia Milk Powder Market Introduction and Overview

Demand & Supply Side Ecosystem for Somalia Milk Powder Market

 SWOT Analysis in Somalia Milk Powder Market

Trade Scenario in Somalia Milk Powder Market

Industry Analysis (Porter’s Five Forces Analysis)

Cost of Setting up a Milk Powder Production Plant in Somalia

Cost of Setting up Repackaging Plant in Somalia

Comparative Landscape – Somalia Milk Powder Market

Recommendations / Success Factors

Research Methodology

Appendix

For More Information on the research report, refer to below link:

Somalia Milk Powder Market Growth

Related Reports by Ken Research: -

Indonesia Dairy Food Market Outlook To 2025 – Yoghurt & Soul Milk Products Coupled With Cheese Segment To Drive Market Growth

Nigeria Dairy Products Market Outlook To 2020 - Launch Of Innovative Dairy Products In Nigeria To Boost Dairy Products Market

South Africa Dairy Products Market Outlook To 2020 - Innovation Coupled With Acquisitions By Dairy Product Manufacturers Is Likely To Drive Market

Contact Us: -
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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