Milk Powder Market is estimated to grow at a CAGR of 3.62% to reach US$38.737 billion by 2028

milk powder market

The global milk powder market is expected to grow at a CAGR of 3.62% during the forecasted period, with a market valuation of US$30.192 billion in 2021 and is expected to reach US$38.737 billion by 2028.

The milk powder market is propelled by the expanding import of milk products, the continual introduction of new products by major industry players, and a growing trend towards the adoption of vegan alternatives.

Milk powder, also known as powdered milk or dried milk, is a dairy product that is obtained by evaporating and removing the moisture content from regular milk. This process extends its shelf life and makes it more convenient for storage and transportation. Milk powder serves as a versatile ingredient in various culinary applications, including baking, cooking, and beverage preparation. It is a popular choice for households, as it can be reconstituted with water to create liquid milk when needed. Additionally, milk powder finds widespread use in the food industry for the production of dairy products, confectionery, and nutritional supplements. Its long shelf life, nutritional value, and convenience make milk powder a staple in many kitchens and a crucial ingredient in the global food supply chain. In April 2023, Danone introduced a fresh range of plant-derived milk powders crafted from a combination of pea, oat, and rice milk. These powders are devoid of lactose, and gluten, and are suitable for a vegan diet.

The milk powder market is categorized based on different types of milk powder, including Non-fat dry Milk or Skim Milk Powder, Whole Milk Powder, and Buttermilk Powder. Non-fat dry Milk or Skim Milk Powder is produced by removing the fat content from regular milk, making it a popular choice for those seeking a lower-fat option. Whole Milk Powder, on the other hand, retains the natural fat content of milk, providing a richer flavor and creamier texture. Buttermilk Powder is derived from the liquid left after churning butter, offering a distinctive tangy flavor and finding application in various culinary uses. Each type of milk powder caters to different consumer preferences and serves as a versatile ingredient in the food industry, contributing to a wide range of products and recipes.

The milk powder market is segmented based on its end-users, encompassing Household, Commercial, and Industrial sectors. In the Household category, milk powder serves as a convenient and versatile dairy product for individual consumers, offering a longer shelf life and easy storage. The Commercial sector involves various establishments such as cafes, restaurants, and catering services that utilize milk powder in culinary creations and beverage preparations. Additionally, the Industrial segment includes large-scale food manufacturing and processing industries incorporating milk powder as a key ingredient in the production of a diverse range of products. This segmentation reflects the broad applicability and widespread usage of milk powder across different settings, catering to the varied needs of households, businesses, and industrial operations.

The milk powder market is classified based on its distribution channels, encompassing Online platforms, Supermarkets/Hypermarkets, and Convenience Stores. The Online distribution channel involves the sale and purchase of milk powder through various e-commerce platforms, providing consumers with the convenience of ordering from the comfort of their homes. Supermarkets and Hypermarkets serve as prominent physical retail outlets, offering a wide array of milk powder brands, catering to the diverse preferences of consumers. Convenience Stores, known for their accessibility and extended operating hours, also play a role in making milk powder readily available to consumers seeking a quick and convenient shopping experience. This distribution channel segmentation reflects the diverse ways in which consumers access and purchase milk powder, considering factors such as convenience, accessibility, and preferences in shopping habits.

The North American market is presumed to hold a substantial market share, driven by factors like the escalating demand for convenient and shelf-stable dairy items, a surge in the consumption of dairy-based ingredients in diverse food products, and the expanding applications within the food and beverage sector. In the Asia Pacific region, the milk powder market is anticipated to be the second-largest in growth, propelled by shifting dietary preferences, urbanization, growing disposable income, and an increasing population leading to a heightened demand for dairy products. Meanwhile, the Middle East and Africa are expected to witness a rise in the global milk powder market during the forecast period, owing to increasing awareness regarding the nutritional advantages of dairy products, a rise in consumer expenditure on processed foods, and the growth of the food processing industry in the region.

In the milk powder market, key players include Nestlé, Royal FrieslandCampina N.V., Dana Dairy Group, Lactalis Ingredients, Olam International, Fonterra Co-operative Group, Arla Foods amba, Dairy Farmers of America, Gujarat Cooperative Milk Marketing Federation (Amul), and Darigold. These leading entities, such as Nestlé and Lactalis Ingredients, play pivotal roles in shaping the industry, contributing to the market’s growth and innovation. Other major players like Dana Dairy Group, Fonterra Co-operative Group, and Dairy Farmers of America are integral in meeting the diverse demands of consumers and driving advancements in the milk powder sector. The presence of key market players, including Royal FrieslandCampina N.V., Olam International, and Darigold, underscores the competitive landscape and the collaborative efforts within the milk powder industry to address evolving market trends and consumer preferences.

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This analytics report segments the milk powder market on the following basis:


  • By Type
    • Non-fat dry Milk/Skim Milk Powder
    • Whole Milk Powder
    • Buttermilk Powder
  • By End-User
    • Household
    • Commercial
    • Industrial
  • By Distribution Channel
    • Online
    • Supermarkets/Hypermarkets
    • Convenience Stores
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others