The skimmed milk powder market is estimated to grow at a CAGR of 6.69%, reaching USD 45.5 billion in 2030 from USD 32.3 billion in 2025.
Skimmed milk does not contain any chemicals that can harm health. With skimmed milk, people can enjoy all the benefits of milk without consuming a lot of fat. Manufacturers of skimmed milk powder are offering new and creative products to cater to the growing demand for innovative products. This includes creating popular regional products, appealing to younger customers, and presenting skimmed milk powder with increased functional features.
Developing innovative products
The skimmed milk powder requires specific nutrients to maintain overall health and well-being. Innovative products, such as Nestlé announced that it had developed N3 milk in November 2023, are being launched in the market. The milk was introduced in a new range of powdered milk in China under the N3 brand. This includes a full cream and a skimmed milk product. These are high in protein to support a well-balanced diet for the entire family. These innovations are necessary to sustain the growing competition.
Sustainable packaging
The packaging ensures the skimmed milk powder reaches consumers in the best possible condition, even with long supply chains. Several countries are trying to have sustainable packaging with waste management systems while preserving milk powders.
Drivers:
Rising health awareness: Skimmed milk powder has multiple benefits, such as a low-fat content, a higher protein content, more calcium, and does not contain a lot of calories. Due to growing obesity worldwide, the need for skimmed milk powder is likely to increase. According to the WHO[1], in 2022, 1 in 8 people in the world were living with obesity. In 2022, 2.5 billion people 18 years and older were overweight. Skimmed milk powder is perfect for people to control their weight.
Growing demand for infant formula: The powdered infant formula market is continuously growing in Asia Pacific and the United States. Its consumption is also expected to expand in Europe, where population growth is anticipated. According to the United Nations Population Division, the average Southeast Asia population for 2023, based on 11 countries, was 1.25 percent. The companies are aiming to expand their business to countries worldwide with a high demand for infant formula.
Challenges:
Price volatility: The skimmed milk powder market is susceptible to price volatility by raw milk prices, making it a challenge for market expansion.
Asia-Pacific: The major economies like China, Japan, India, and South Korea dominate the region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries. Besides, India, Pakistan, and China are the largest milk producers in the world.
North America: The market is driven by several prominent players based in the United States. These companies play a crucial role in product innovations and development. The region has a large demand for bakery products, infant formula, confectionery, frozen desserts, etc.
Europe: The skimmed milk powder market in Europe is driven by the growing number of health-conscious consumers and their emphasis on the foods and beverages industry.
Major players included Nestle, Dairy America, Alpen Dairies, Nova Dairy Products, Amul, and Dana Dairy Group.
| Report Metric | Details |
|---|---|
| Total Market Size in 2025 | USD 32.3 billion |
| Total Market Size in 2030 | USD 45.5 billion |
| Forecast Unit | USD billion |
| Growth Rate | 6.69% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Segmentation | Product Type, Packaging, Distribution Channel, Geography |
| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| Companies |
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Skimmed Milk Powder Market Segmentation
By Product Type
Cow Milk Powder
Black Skim Milk Powder
White Skim Milk Powder
Green Skim Milk Powder
Oolong Skim Milk Powder
By Application
Bakery Products
Confectionery
Nutritional Foods
Infant Formula
Frozen Desserts
Dry Mixes
By Packaging
Loose Skim Milk Powder
Bagged Skim Milk Powder
Instant Skim Milk Powder
Bottled & Canned Skim Milk Powder
By Distribution Channel
Supermarkets & Hypermarkets
Convenience Stores
Online
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
UK
France
Spain
Others
Middle East and Africa
UAE
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Indonesia
Taiwan
Thailand
Others