Milk Powder Market Report by Types (Whole, Skimmed, Dairy Whitene, Buttermilk, Fat-Filled, and Other), Application (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others), Country and Company Analysis 2025-2033
Buy NowMilk Powder Market Size
Global milk powder market is likely to grow to US$ 51.96 billion by 2030, from US$ 33.69 billion in 2024, with a growth rate of 4.93% CAGR from 2025 to 2033. According to Renub Research, this growth is due to the increasing demand for convenient dairy products, rising infant formula consumption, and growing health-conscious consumer trends.
Milk Powder Market Outlooks
Dry milk is a concentrated product produced when the water content in milk is removed by evaporation, producing a dry and shelf-stable product. There are different types, of milk Powder such as whole, skimmed, and whey, prepared according to individual requirements that vary in their fat percentage. The manufacture process for dry milk either spray-dries or drum-dries the milk, conserving nutrients while making it longer-lasting for storage.
Report Features | Details |
Base Year |
2024 |
Forecast Years |
2025 - 2033 |
Historical Years |
2020 - 2024 |
Market Size in 2024 |
US$ 33.69 Billion |
Market Forecast in 2033 |
US$ 51.96 Billion |
Market Growth Rate (2025-2033) |
4.93% |
Powdered formula has diverse applications, especially in the food and beverage industry. The product is a cheaper substitute for fresh milk, especially in regions with limited refrigeration. Milk powder is the fundamental ingredient in infant formula, hence providing babies with the required nutrients. It is also utilized in baking, cooking, and beverages such as hot chocolate. Additionally, it is the basis for the production of other dairy-based products, including ice cream, cheeses, and yogurts. Its flexibility makes it a staple ingredient in processed foods, snacks, and dietary supplements worldwide.
Challenges in the Milk Powder Market
Supply Chain Disruptions and Raw Material Costs
The powdered formula market is highly prone to supply chain disruptions and fluctuating raw material costs. The price of milk and other key ingredients used in the production of powder can be highly volatile, influenced by weather conditions, dairy farm output, and transportation costs. The effects of global events such as pandemics, trade restrictions, and logistical bottlenecks will add to the problems of the supply chain, resulting in delays and increased production costs. These will finally feed back into pricing and availability, thus making it challenging for the producer to consistently meet market demand.
Plant-Based Alternatives Increasing Competition
The rise in demand for plant-based alternatives to traditional dairy products has been a significant challenge to the dried milk market. With growing health and environmental awareness, consumers are switching to plant-based milk, including almonds, oats, and soy, as alternatives to cow's milk. These changes are more pronounced in vegan and lactose-intolerant consumers. The increase in these alternatives reduces the demand for milk powder and increases competition, compelling traditional dairy brands to innovate and alter their product offerings.
India Milk Powder Market
Indian market is growing mainly due to the rising population, urbanization, and an increasing middle class population with a higher disposable income. Milk is an inevitable part of the Indian diet, and milk powder forms a basic ingredient in cookery, confectionary, and beverages. Because of this growing demand, there is a growing preference among consumers for packaged and ready-to-use dairy products, raising the demand for milk powder. Further, government policies encouraging dairy farming and milk production are likely to drive market growth, establishing India as a major regional player. In January 2024, the Gujarat Cooperative Milk Marketing Federation Ltd. (GCMMF) introduced Sagar Skimmed Milk Powder throughout India.
Germany Milk Powder Market
Germany is one of the most dominant nations in Europe for the dried milk industry. Infant nutrition, bakery products, and dairy-based beverages are driving the demand. Germany has a highly developed dairy industry, with technological advancements in milk processing, which enable various high-quality milk powder products. The premium and organic trends in dairy products are forcing innovations in the market. Strong export networks further enhance the German dominance in the European powdered formula market. Jan 2024, A German company has patented its process for the 'nocturnal milk' process, which it claims contains 100 times more melatonin, a hormone that helps regulate sleep, than regular milk, according to Dairyreporter.com.
Brazil Milk Powder Market
Brazil is growing steadily, driven by the increasing demand for dairy products and the country's strong dairy industry. Milk powder is used extensively in infant formula production, confectionery, and bakery products. In the Latin American region, one of the most significant markets for milk powder is Brazil, due to a massive population and growing consumer preferences for ready-to-use and long-life food products. The market has gained pace with the country's concentration on enhancing the efficiency of milk production and increasing the size of the middle class.
South Africa Milk Powder Market
South Africa is developing since consumers are increasingly demanding dairy products especially in urban areas. Application for dry powder is mainly done for infant formula, baking, and cooking. Demands are increasing in the domestic consumption and exports. Raw material costs, mainly feeds to dairy cows, fluctuate thus affecting production. Despite these challenges, the growing middle class, urbanization, and expansion of the retail sector contribute to South Africa's steady increase in powdered milk consumption.
By Type - Milk Powder
1. Whole
2. Skimmed
3. Dairy Whitener
4. Buttermilk
5. Fat-Filled
6. Other
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:
Report Features | Details |
Base Year |
2024 |
Historical Period |
2020 - 2024 |
Forecast Period |
2025 - 2033 |
Market |
US$ Billion |
Segment Covered |
Type, Application, & Countries |
Countries Covered |
|
Companies Covered |
|
Customization Scope |
20% Free Customization |
Post-Sale Analyst Support |
1 Year (52 Weeks) |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on request) |
Customization Services available
- Analysis of Market Size and Its Segments
- More Company Profiles (Upto 10 without any additional cost):
- Additional Countries (Other than mentioned Countries):
- Region/Country Specific Reports:
- Market Entry Strategy:
- Region-Specific Market Dynamics:
- Regional Market Share Analysis:
- Trade Analysis:
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1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Milk Powder Market
6. Market Share
6.1 By Types
6.2 By Application
6.3 By Countries
7. Types
7.1 Whole Milk Powder
7.2 Skimmed Milk Powder
7.3 Dairy Whitener Powder
7.4 Buttermilk Powder
7.5 Fat-Filled Milk Powder
7.6 Other Milk Powder
8. Application
8.1 Nutritional Food
8.2 Infant Formulas
8.3 Confectionaries
8.4 Baked Sweets
8.5 Savories
8.6 Others
9. Countries
9.1 North America
9.1.1 United States
9.1.2 Canada
9.2 Europe
9.2.1 Germany
9.2.2 United Kingdom
9.2.3 France
9.2.4 Italy
9.2.5 Spain
9.2.6 Switzerland
9.3 Asia – Pacific
9.3.1 Japan
9.3.2 China
9.3.3 India
9.3.4 Australia
9.3.5 South Korea
9.3.6 Indonesia
9.4 Latin America
9.4.1 Mexico
9.4.2 Brazil
9.4.3 Argentina
9.5 Middle East & Africa
9.5.1 South Africa
9.5.2 Saudi Arabia
9.5.3 United Arab Emirates
9.6 Rest of World
10. Porter's Five Forces Analysis
10.1 Bargaining Power of Buyers
10.2 Bargaining Power of Suppliers
10.3 Degree of Competition
10.4 Threat of New Entrants
10.5 Threat of Substitutes
11. SWOT Analysis
11.1 Strength
11.2 Weakness
11.3 Opportunity
11.4 Threats
12. Key Players Analysis
12.1 Nestle (Switzerland)
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Revenue
12.2 Danone
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Revenue
12.3 Saputo Inc.
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Revenue
12.4 Arla Foods Amba
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Revenue
12.5 The Kraft heinz company (U.S)
12.5.1 Overview
12.5.2 Recent Development
12.5.3 Revenue
12.6 Royal FrieslandCampina N.V.
12.6.1 Overview
12.6.2 Recent Development
12.6.3 Revenue
12.7 Land O'Lakes, Inc
12.7.1 Overview
12.7.2 Recent Development
12.7.3 Revenue
12.8 China Mengniu Dairy Company Limited
12.8.1 Overview
12.8.2 Recent Development
12.8.3 Revenue
12.9 Ausnutria Dairy Corporation Ltd. (Netherlands)
12.9.1 Overview
12.9.2 Recent Development
12.9.3 Revenue
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