Product Code: ETC13162780 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Milk Powder Market was valued at USD 40 Billion in 2024 and is expected to reach USD 55 Billion by 2031, growing at a compound annual growth rate of 5.10% during the forecast period (2025-2031).
The Global Milk Powder Market is witnessing steady growth, driven by factors such as increasing consumer preference for convenience foods, rising demand for dairy products with longer shelf life, and growth in the food and beverage industry. The market is segmented based on type (skimmed, whole, and others), application (nutritional supplements, bakery & confectionery, dairy products, and others), and distribution channel (online retail, supermarkets/hypermarkets, and others). Asia-Pacific region dominates the market due to high consumption of dairy products in countries like China and India. Key players in the market include Nestle, Danone, Fonterra, and Lactalis. However, challenges such as volatility in milk prices and competition from plant-based milk alternatives are impacting market growth. Continuous product innovation and focus on expanding distribution networks are crucial strategies adopted by companies to maintain their market position.
The Global Milk Powder Market is experiencing growth due to the increasing demand for dairy products, particularly in emerging markets. The market is seeing a shift towards value-added milk powder products such as fortified and functional milk powders, driven by the rising health consciousness among consumers. Additionally, the convenience and longer shelf life of milk powder are driving its adoption in various applications, including food and beverage manufacturing, bakery and confectionery, and infant nutrition. Opportunities in the market lie in the development of organic and clean-label milk powders to cater to the growing demand for natural and sustainable products. The market is also witnessing advancements in processing technologies to improve the quality and nutritional profile of milk powders, presenting opportunities for innovation and product differentiation.
The Global Milk Powder Market faces several challenges, including fluctuating milk prices, supply chain disruptions, regulatory issues, and changing consumer preferences. Price volatility in the dairy industry due to factors such as weather conditions, feed costs, and global demand can impact the profitability of milk powder manufacturers. Supply chain disruptions, such as transportation delays or trade barriers, can also disrupt the flow of milk powder products. Regulatory challenges, such as stringent quality standards and labeling requirements, can pose obstacles for market players. Additionally, shifting consumer preferences towards plant-based alternatives and concerns about sustainability and animal welfare are influencing purchasing decisions, requiring milk powder manufacturers to adapt their strategies to meet evolving market demands.
The Global Milk Powder Market is primarily driven by the increasing demand for dairy products, particularly in developing countries due to rising disposable incomes and changing dietary preferences. The convenience, longer shelf life, and easy storage of milk powder make it a popular choice for consumers. Additionally, the growing awareness about the nutritional benefits of milk powder, its versatility in various food applications, and its use as a food ingredient in the food and beverage industry are further driving the market growth. Moreover, the increasing popularity of milk powder as a key ingredient in infant formula products due to its convenience and long shelf life is also boosting the market demand. Technological advancements in milk powder production processes and the expanding distribution channels are further contributing to the market expansion.
Government policies related to the Global Milk Powder Market vary by country and can include regulations on production, import/export, quality standards, subsidies, and tariffs. For example, in the European Union, there are strict regulations governing milk production and quality standards for milk powder. In New Zealand, which is a major exporter of milk powder, government policies focus on supporting the dairy industry through subsidies and trade agreements. In China, import tariffs on milk powder have been adjusted to protect domestic producers. Overall, government policies play a significant role in shaping the dynamics of the Global Milk Powder Market by influencing production, trade, and pricing strategies of key players in the industry.
The Global Milk Powder Market is expected to witness steady growth in the coming years due to various factors such as increasing consumer preference for convenience foods, rising demand for dairy products in emerging markets, and growing awareness about the nutritional benefits of milk powder. The market is also likely to be driven by the expanding food and beverage industry, particularly the bakery and confectionery segments, which use milk powder as a key ingredient. Additionally, technological advancements in milk powder production processes, along with the development of innovative packaging solutions, are anticipated to further boost market growth. However, challenges such as fluctuating milk prices, stringent regulations, and competition from alternative plant-based milk products could impact market dynamics. Overall, the Global Milk Powder Market is poised for moderate growth in the foreseeable future.
In the global milk powder market, Asia is poised for significant growth due to the rising demand for dairy products in countries like China and India. North America is experiencing a shift towards organic and plant-based alternatives, impacting the traditional milk powder market. Europe remains a key player in terms of production and consumption of milk powder, with a focus on quality and sustainability driving market trends. The Middle East and Africa region is seeing a steady increase in demand for milk powder, driven by growing population and urbanization. In Latin America, the market is influenced by changing dietary preferences and increasing awareness about the health benefits of milk powder consumption. Overall, the global milk powder market is dynamic and diverse, with each region contributing to its growth in unique ways.
Global Milk Powder Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Milk Powder Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Milk Powder Market Revenues & Volume, 2021 & 2031F |
3.3 Global Milk Powder Market - Industry Life Cycle |
3.4 Global Milk Powder Market - Porter's Five Forces |
3.5 Global Milk Powder Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Milk Powder Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Milk Powder Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Global Milk Powder Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Milk Powder Market Trends |
6 Global Milk Powder Market, 2021 - 2031 |
6.1 Global Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Milk Powder Market, Revenues & Volume, By Whole Milk Powder, 2021 - 2031 |
6.1.3 Global Milk Powder Market, Revenues & Volume, By Skimmed Milk Powder, 2021 - 2031 |
6.1.4 Global Milk Powder Market, Revenues & Volume, By Dairy Whitener, 2021 - 2031 |
6.1.5 Global Milk Powder Market, Revenues & Volume, By Buttermilk Powder, 2021 - 2031 |
6.1.6 Global Milk Powder Market, Revenues & Volume, By Fat-Filled Milk Powder, 2021 - 2031 |
6.1.7 Global Milk Powder Market, Revenues & Volume, By Other Milk Powder, 2021 - 2031 |
6.2 Global Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Milk Powder Market, Revenues & Volume, By Nutritional Food, 2021 - 2031 |
6.2.3 Global Milk Powder Market, Revenues & Volume, By Infant Formulas, 2021 - 2031 |
6.2.4 Global Milk Powder Market, Revenues & Volume, By Confectionaries, 2021 - 2031 |
6.2.5 Global Milk Powder Market, Revenues & Volume, By Baked Sweets, 2021 - 2031 |
6.2.6 Global Milk Powder Market, Revenues & Volume, By Savories, 2021 - 2031 |
6.2.7 Global Milk Powder Market, Revenues & Volume, By Household, 2021 - 2031 |
6.2.8 Global Milk Powder Market, Revenues & Volume, By Foodservice Industry, 2021 - 2031 |
6.2.9 Global Milk Powder Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3.1 Overview & Analysis |
7 North America Milk Powder Market, Overview & Analysis |
7.1 North America Milk Powder Market Revenues & Volume, 2021 - 2031 |
7.2 North America Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Milk Powder Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Milk Powder Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Milk Powder Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
8 Latin America (LATAM) Milk Powder Market, Overview & Analysis |
8.1 Latin America (LATAM) Milk Powder Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Milk Powder Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Milk Powder Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Milk Powder Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Milk Powder Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
9 Asia Milk Powder Market, Overview & Analysis |
9.1 Asia Milk Powder Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Milk Powder Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Milk Powder Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Milk Powder Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Milk Powder Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
10 Africa Milk Powder Market, Overview & Analysis |
10.1 Africa Milk Powder Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Milk Powder Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Milk Powder Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Milk Powder Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Milk Powder Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
11 Europe Milk Powder Market, Overview & Analysis |
11.1 Europe Milk Powder Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Milk Powder Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Milk Powder Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Milk Powder Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Milk Powder Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
12 Middle East Milk Powder Market, Overview & Analysis |
12.1 Middle East Milk Powder Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Milk Powder Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Milk Powder Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Milk Powder Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Milk Powder Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Milk Powder Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Milk Powder Market, Revenues & Volume, By End Use, 2021 - 2031 |
13 Global Milk Powder Market Key Performance Indicators |
14 Global Milk Powder Market - Export/Import By Countries Assessment |
15 Global Milk Powder Market - Opportunity Assessment |
15.1 Global Milk Powder Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Milk Powder Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Milk Powder Market Opportunity Assessment, By End Use, 2021 & 2031F |
16 Global Milk Powder Market - Competitive Landscape |
16.1 Global Milk Powder Market Revenue Share, By Companies, 2024 |
16.2 Global Milk Powder Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |