Milk Powder Market Report by Types (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder), Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others), Country and Company Analysis 2024-2030

Milk Powder Market Size

Milk Powder Market share is anticpated to be about US$ 44.96 Billion by 2030 compared to US$ 32.19 Billion in 2023. Renub Research said that the industry is predicted to grow at a CAGR of 4.89% from 2024 to 2030.

Pasteurized milk that has undergone evaporative drying is known as powdered milk. Powdered milk comes in various forms, including skim, whole, and even non-dairy milk. The primary uses for powdered milk are as an ingredient in baby formula and candy, particularly chocolates. In baking recipes, it is also substituted for milk to keep the batter from being too thin. Powdered milk is an everyday staple among survivalists and in places where fresh milk is scarce since it is considerably easier to transport and has a longer shelf life than ordinary milk.

• USDA data indicates that 4.34 million metric tons of whole milk powder were produced worldwide in 2022–2023.

Global Milk Powder Market Size, 2024-2030 (Billion US$)

Note: The chart above shows dummy data and is only for illustration purposes. Please get in touch with us for the actual market size and trends.

Milk Powder Market Growth Factors

    Dietary advantages of milk products and convenience

The need for dairy products that are both convenient and stable on the shelf is driving a significant expansion in the worldwide milk powder market. Increased awareness of the nutritional advantages of dairy products, stressed lifestyles, and expanding urbanization are all blamed for this increase. Due to urbanization and rising incomes, milk powder is trendy in emerging nations. Its convenience and long shelf life overcome the need for refrigeration.

• World Milk Day was started by the Food and Agriculture Organization (FAO) of the United Nations to increase awareness of the value of dairy products and milk in our diets. It also promotes the consumption of milk products globally and clarifies milk's nutritional advantages.
• The National Institutes of Health (NIH) recommends that individuals between the ages of 19 and 50 aim for a daily calcium intake of about 1,000 mg. For both men and women 51 years of age and above, the recommended consumption is raised slightly to 1,200 mg. Consuming milk products and drinking milk can help people reach this count.

    Multiple industry applications

There are several uses for milk powders. Customers use instant milk powders in beverage mixes and as a fresh milk alternative because they dissolve quickly in water. Various nutritionally enhanced milk powder products designed to satisfy customers at different phases of life are now offered in the milk powder industry. Among them are powders enhanced with various nutrients. The most popular milk powders on the global market are fortified with calcium, iron, and folate.

• In October 2023 - Nestlé introduced its first line of inexpensive, nutrient-dense instant powder in Central and West Africa. The powder is derived from a combination of plant-based and dairy ingredients.
• In June 2023 - The first in the Asia Pacific region, Danone created a blend of plant-based and dairy milk powder for babies and toddlers in Australia and New Zealand.

Milk powder is also used in food products like ice cream, yogurt, cultured milk, chocolate, candies, baked goods, soups, and sauces. When enhanced dairy flavors are needed, buttermilk powders are used in place of skim milk powder, propelling the global market for milk powder even more.

United States Milk Powder Market

One prominent participant in the global market for milk powder is the United States. This is due to its excellent infrastructure, ample milk supply, and assistance from the authorities. The United States remains competitive in manufacturing milk powder because of financial aid for farmers and processors. Strong R&D, targeted export initiatives, and competitive pricing support the milk powder industry.

• According to a recent report from the U.S. Department of Agriculture (USDA) Global Agricultural Information Network (GAIN), the country is expected to produce 1.30 million tons of skim milk powder in 2024, an 11% increase from current levels due to increased milk production and an abundance of skim milk available for drying.
• Forecasts also show that exports will increase by 3% to 838,000 tons. This recovery is due to increased exportable supply and a return in shipments to East and Southeast Asian price-sensitive markets, following a slight fall in exports during 2023.
• As the price difference between the US and the EU closes to parity in 2024, the competitive environment is predicted to support US exports. While the U.S. pricing for Western low-medium heat NDM FOB was $1.21/pound in November 2023, the price of skim milk powder in the EU was $1.36/pound FOB.

Global Milk Powder Industry News

Global leaders in the milk powder market include The Kraft Heinz Company (U.S.), China Mengniu Dairy Company Limited, Land O'Lakes, Inc., Arla Foods amba, Danone, Saputo Inc., Nestle (Switzerland), and Ausnutria Dairy Corporation Ltd. (Netherlands).

• Nestle (Switzerland)

In November 2023 - Nestlé unveiled a new line of milk powder called N3 in China. It is made from cow's milk fortified with vital nutrients. To encourage a balanced diet for families, the range contains two high-protein variations: one based on whole milk and the other on skim milk.

• Danone

In November 2023 - Danone introduced the 600 g Cow & Gate Follow-on Milk powder pack to assist families on a tight budget. With an RRP per unit of £7.50, the new pack is the least expensive of the powder formats offered by Cow & Gate.

• Saputo Inc.

In July 2021 - Saputo Inc. announced that it would acquire the operations of Wensleydale Dairy Products Limited. The company runs two facilities in North Yorkshire and is slated to merge into Saputo's Europe Sector's Dairy Division (UK).
In May 2021 - Saputo Inc. disclosed the acquisition of two strategically aligned businesses, one within the dairy substitutes industry and the other within the value-added ingredients sector. The approximately CDN$187 million in these acquisitions represents Saputo's strategic commitment to expansion and diversification.

• Arla Foods amba

In November 2023 - Expanding its private label capabilities, Arla Foods Ingredients can satisfy consumer demand for powdered milk designed for good aging. The company has introduced three newly created powder formulas that adhere to Chinese standards. These recipes comprise probiotics, whey protein, vitamins, minerals, and premium milk.
In October 2023 - Arla introduced a new customer program designed to help clients fulfill their scope 3 reduction targets and promote climate-efficient dairy production. With current commercial agreements, the initiative, initially launched in the UK, covers more than 1 billion kg of milk.

• Ausnutria Dairy Corporation Ltd. (Netherlands)

In July 2023 - Ausnutria Dairy Corporation Ltd. and its subsidiaries, a business engaged in the development, manufacturing, and sale of dairy products (including baby formula), declared that their own-brand goat milk formula, "Kabrita," complies with all US FDA regulations. They could market and distribute Kabrita's baby formula (0–12 months) in the US.
In November 2021 - With its most recent investment in late October, Yili, an industrial group based in Inner Mongolia, China, has grown to become Ausnutria Dairy Corporation's largest stakeholder. This strengthens its place in the baby formula (goat milk) and nutritional food market.

By Type

1.    Whole Milk Powder
2.    Skimmed Milk Powder
3.    Dairy Whitener Powder
4.    Buttermilk Powder
5.    Fat-Filled Milk Powder
6.    Other Milk Powder

By Application

1.    Nutritional Food
2.    Infant Formulas
3.    Confectionaries
4.    Baked Sweets
5.    Savories
6.    Others

By Country

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    Germany
2.2    United Kingdom
2.3    France
2.4    Italy
2.5    Spain
2.6    Switzerland

3.    Asia Pacific

3.1    Japan
3.2    China
3.3    India
3.4    South Korea
3.5    Indonesia
3.6    Australia

4.    Latin America

4.1    Mexico
4.2    Brazil
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    United Arab Emirates
5.3    South Africa

6.    Rest of World

All companies have been covered from 3 viewpoints:

•    Overview
•    Recent Development
•    Revenue 

Company Analysis:

1.    Nestle (Switzerland)
2.    Danone
3.    Saputo Inc.,
4.    Arla Foods amba
5.    The Kraft heinz company (U.S)
6.    Royal FrieslandCampina N.V.,
7.    Land O'Lakes, Inc
8.    China Mengniu Dairy Company Limited
9.    Ausnutria Dairy Corporation Ltd. (Netherlands)

Report Details: