Global Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, By Regional Outlook and Forecast, 2023 - 2030

Global Milk Powder Market Size, Share & Trends Analysis Report By Product Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Enrich Milk Powder and Others), By Application, By Regional Outlook and Forecast, 2023 - 2030


The Global Milk Powder Market size is expected to reach $43.8 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period.

Buttermilk powder offers convenience and extended shelf life compared to liquid buttermilk. Therefore, the Buttermilk powdered segment captured 4.6% revenue share in 2022. It can be easily stored, transported, and reconstituted with water, making it a convenient option for food manufacturers, bakeries, and consumers. Hence, the longer shelf life is driving the growth of the segment.

Increasing birth rates and population growth, particularly in developing countries and emerging economies, drive infant formula powder demand. As more babies are born each year, the demand for safe and nutritionally balanced infant nutrition products, including formula continues to grow. Urbanization and changing lifestyles, characterized by increased female workforce participation and busier schedules, contribute to the growing demand for infant formula powder.

Additionally, Trade Administration (ITA), China is the largest e-commerce sector globally, generating almost 50 percent of the world's transactions. China's online retail transactions reached more than 710 million digital buyers and $2.29 trillion in 2020, with forecasts to reach $3.56 trillion by 2024. In 2021, China became the largest e-commerce sector, with sales of $1.5 trillion. Additionally, there were 2,484 department stores and 62,377 specialized stores throughout Mexico. More than 56 percent of the retail sector is covered by informal establishments (mobile street vendors and open public markets) that traditionally distribute local products. These numbers illustrate the growth of various distribution channels around the world.

However, Price fluctuations of raw materials, like dairy milk, affect the market's general demand and supply dynamics. When the prices of raw milk decrease, it can incentivize its manufacturers to increase production, leading to higher supply and potentially lower prices for its products. Raw milk is the primary raw material used to produce it. Variations in raw milk prices can directly impact its manufacturers' production costs. Hence, the volatility in prices of raw materials is impeding the market's growth.

By Product Analysis

Based on product type, the market is divided into whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat enriched powder, and others. The skimmed milk powder segment recorded 24.7% revenue share in the market in 2022. With increasing health and nutrition awareness, many consumers are seeking lower-fat alternatives to whole milk products. Skimmed milk powder contains minimal fat content and is perceived as a healthier option than whole product, making it attractive to health-conscious consumers.

By Application Analysis

On the basis of application, the market is segmented into nutrition food, infant formula, sweets & savories, bakery & confectionery, ice-creams, and others. The bakery and confectionery segment recorded 38.2% revenue share in the market in 2022. Milk powder helps improve the texture and moisture retention of baked goods. It contributes to a softer crumb, finer texture, and increased moisture content, resulting in bakery products with better mouthfeel and extended freshness.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated 28.8% revenue share in the market. Milk powder offers convenience and extended shelf life compared to liquid milk. Consumers in North America, especially those with demanding schedules, value the convenience of transporting it, which can be stored without refrigeration and utilized as needed.

List of Key Companies Profiled
  • Arla Foods, Inc.
  • Dairy Farmers of America, Inc.
  • Fonterra Co-operative Group Limited
  • Nestle S.A.
  • Royal FrieslandCampina N.V.
  • Saputo, Inc.
  • Schreiber Foods, Inc.
  • The Kraft Heinz Company
  • Danone S.A.
  • DANA Dairy Group Ltd.
Global Milk Powder Market Report Segmentation

By Product Type
  • Whole Milk Powder
  • Skimmed Milk Powder
  • Dairy Whitener
  • Buttermilk Powder
  • Fat Enrich Milk Powder
  • Others
By Application
  • Bakery & Confectionery
  • Infant Formula
  • Ice-Creams
  • Nutrition Food
  • Sweets & Savories
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Milk Powder Market, by Product Type
1.4.2 Global Milk Powder Market, by Application
1.4.3 Global Milk Powder Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Milk Powder Market by Product Type
4.1 Global Whole Milk Powder Market by Region
4.2 Global Skimmed Milk Powder Market by Region
4.3 Global Dairy Whitener Market by Region
4.4 Global Buttermilk Powder Market by Region
4.5 Global Fat Enrich Milk Powder Market by Region
4.6 Global Others Market by Region
Chapter 5. Global Milk Powder Market by Application
5.1 Global Bakery & Confectionery Market by Region
5.2 Global Infant Formula Market by Region
5.3 Global Ice-Creams Market by Region
5.4 Global Nutrition Food Market by Region
5.5 Global Sweets & Savories Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Milk Powder Market by Region
6.1 North America Milk Powder Market
6.1.1 North America Milk Powder Market by Product Type
6.1.1.1 North America Whole Milk Powder Market by Country
6.1.1.2 North America Skimmed Milk Powder Market by Country
6.1.1.3 North America Dairy Whitener Market by Country
6.1.1.4 North America Buttermilk Powder Market by Country
6.1.1.5 North America Fat Enrich Milk Powder Market by Country
6.1.1.6 North America Others Market by Country
6.1.2 North America Milk Powder Market by Application
6.1.2.1 North America Bakery & Confectionery Market by Country
6.1.2.2 North America Infant Formula Market by Country
6.1.2.3 North America Ice-Creams Market by Country
6.1.2.4 North America Nutrition Food Market by Country
6.1.2.5 North America Sweets & Savories Market by Country
6.1.2.6 North America Others Market by Country
6.1.3 North America Milk Powder Market by Country
6.1.3.1 US Milk Powder Market
6.1.3.1.1 US Milk Powder Market by Product Type
6.1.3.1.2 US Milk Powder Market by Application
6.1.3.2 Canada Milk Powder Market
6.1.3.2.1 Canada Milk Powder Market by Product Type
6.1.3.2.2 Canada Milk Powder Market by Application
6.1.3.3 Mexico Milk Powder Market
6.1.3.3.1 Mexico Milk Powder Market by Product Type
6.1.3.3.2 Mexico Milk Powder Market by Application
6.1.3.4 Rest of North America Milk Powder Market
6.1.3.4.1 Rest of North America Milk Powder Market by Product Type
6.1.3.4.2 Rest of North America Milk Powder Market by Application
6.2 Europe Milk Powder Market
6.2.1 Europe Milk Powder Market by Product Type
6.2.1.1 Europe Whole Milk Powder Market by Country
6.2.1.2 Europe Skimmed Milk Powder Market by Country
6.2.1.3 Europe Dairy Whitener Market by Country
6.2.1.4 Europe Buttermilk Powder Market by Country
6.2.1.5 Europe Fat Enrich Milk Powder Market by Country
6.2.1.6 Europe Others Market by Country
6.2.2 Europe Milk Powder Market by Application
6.2.2.1 Europe Bakery & Confectionery Market by Country
6.2.2.2 Europe Infant Formula Market by Country
6.2.2.3 Europe Ice-Creams Market by Country
6.2.2.4 Europe Nutrition Food Market by Country
6.2.2.5 Europe Sweets & Savories Market by Country
6.2.2.6 Europe Others Market by Country
6.2.3 Europe Milk Powder Market by Country
6.2.3.1 Germany Milk Powder Market
6.2.3.1.1 Germany Milk Powder Market by Product Type
6.2.3.1.2 Germany Milk Powder Market by Application
6.2.3.2 UK Milk Powder Market
6.2.3.2.1 UK Milk Powder Market by Product Type
6.2.3.2.2 UK Milk Powder Market by Application
6.2.3.3 France Milk Powder Market
6.2.3.3.1 France Milk Powder Market by Product Type
6.2.3.3.2 France Milk Powder Market by Application
6.2.3.4 Russia Milk Powder Market
6.2.3.4.1 Russia Milk Powder Market by Product Type
6.2.3.4.2 Russia Milk Powder Market by Application
6.2.3.5 Spain Milk Powder Market
6.2.3.5.1 Spain Milk Powder Market by Product Type
6.2.3.5.2 Spain Milk Powder Market by Application
6.2.3.6 Italy Milk Powder Market
6.2.3.6.1 Italy Milk Powder Market by Product Type
6.2.3.6.2 Italy Milk Powder Market by Application
6.2.3.7 Rest of Europe Milk Powder Market
6.2.3.7.1 Rest of Europe Milk Powder Market by Product Type
6.2.3.7.2 Rest of Europe Milk Powder Market by Application
6.3 Asia Pacific Milk Powder Market
6.3.1 Asia Pacific Milk Powder Market by Product Type
6.3.1.1 Asia Pacific Whole Milk Powder Market by Country
6.3.1.2 Asia Pacific Skimmed Milk Powder Market by Country
6.3.1.3 Asia Pacific Dairy Whitener Market by Country
6.3.1.4 Asia Pacific Buttermilk Powder Market by Country
6.3.1.5 Asia Pacific Fat Enrich Milk Powder Market by Country
6.3.1.6 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Milk Powder Market by Application
6.3.2.1 Asia Pacific Bakery & Confectionery Market by Country
6.3.2.2 Asia Pacific Infant Formula Market by Country
6.3.2.3 Asia Pacific Ice-Creams Market by Country
6.3.2.4 Asia Pacific Nutrition Food Market by Country
6.3.2.5 Asia Pacific Sweets & Savories Market by Country
6.3.2.6 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Milk Powder Market by Country
6.3.3.1 China Milk Powder Market
6.3.3.1.1 China Milk Powder Market by Product Type
6.3.3.1.2 China Milk Powder Market by Application
6.3.3.2 Japan Milk Powder Market
6.3.3.2.1 Japan Milk Powder Market by Product Type
6.3.3.2.2 Japan Milk Powder Market by Application
6.3.3.3 India Milk Powder Market
6.3.3.3.1 India Milk Powder Market by Product Type
6.3.3.3.2 India Milk Powder Market by Application
6.3.3.4 South Korea Milk Powder Market
6.3.3.4.1 South Korea Milk Powder Market by Product Type
6.3.3.4.2 South Korea Milk Powder Market by Application
6.3.3.5 Australia Milk Powder Market
6.3.3.5.1 Australia Milk Powder Market by Product Type
6.3.3.5.2 Australia Milk Powder Market by Application
6.3.3.6 Malaysia Milk Powder Market
6.3.3.6.1 Malaysia Milk Powder Market by Product Type
6.3.3.6.2 Malaysia Milk Powder Market by Application
6.3.3.7 Rest of Asia Pacific Milk Powder Market
6.3.3.7.1 Rest of Asia Pacific Milk Powder Market by Product Type
6.3.3.7.2 Rest of Asia Pacific Milk Powder Market by Application
6.4 LAMEA Milk Powder Market
6.4.1 LAMEA Milk Powder Market by Product Type
6.4.1.1 LAMEA Whole Milk Powder Market by Country
6.4.1.2 LAMEA Skimmed Milk Powder Market by Country
6.4.1.3 LAMEA Dairy Whitener Market by Country
6.4.1.4 LAMEA Buttermilk Powder Market by Country
6.4.1.5 LAMEA Fat Enrich Milk Powder Market by Country
6.4.1.6 LAMEA Others Market by Country
6.4.2 LAMEA Milk Powder Market by Application
6.4.2.1 LAMEA Bakery & Confectionery Market by Country
6.4.2.2 LAMEA Infant Formula Market by Country
6.4.2.3 LAMEA Ice-Creams Market by Country
6.4.2.4 LAMEA Nutrition Food Market by Country
6.4.2.5 LAMEA Sweets & Savories Market by Country
6.4.2.6 LAMEA Others Market by Country
6.4.3 LAMEA Milk Powder Market by Country
6.4.3.1 Brazil Milk Powder Market
6.4.3.1.1 Brazil Milk Powder Market by Product Type
6.4.3.1.2 Brazil Milk Powder Market by Application
6.4.3.2 Argentina Milk Powder Market
6.4.3.2.1 Argentina Milk Powder Market by Product Type
6.4.3.2.2 Argentina Milk Powder Market by Application
6.4.3.3 UAE Milk Powder Market
6.4.3.3.1 UAE Milk Powder Market by Product Type
6.4.3.3.2 UAE Milk Powder Market by Application
6.4.3.4 Saudi Arabia Milk Powder Market
6.4.3.4.1 Saudi Arabia Milk Powder Market by Product Type
6.4.3.4.2 Saudi Arabia Milk Powder Market by Application
6.4.3.5 South Africa Milk Powder Market
6.4.3.5.1 South Africa Milk Powder Market by Product Type
6.4.3.5.2 South Africa Milk Powder Market by Application
6.4.3.6 Nigeria Milk Powder Market
6.4.3.6.1 Nigeria Milk Powder Market by Product Type
6.4.3.6.2 Nigeria Milk Powder Market by Application
6.4.3.7 Rest of LAMEA Milk Powder Market
6.4.3.7.1 Rest of LAMEA Milk Powder Market by Product Type
6.4.3.7.2 Rest of LAMEA Milk Powder Market by Application
Chapter 7. Company Profiles
7.1 Arla Foods, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.5.2 Acquisition and Mergers:
7.1.5.3 Geographical Expansions:
7.1.6 SWOT Analysis
7.2 Dairy Farmers of America, Inc.
7.2.1 Company Overview
7.2.2 SWOT Analysis
7.3 Fonterra Co-operative Group Limited
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Nestle S.A
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Royal FrieslandCampina N.V.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 Saputo, Inc.
7.6.1 Company overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 Schreiber Foods, Inc.
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 The Kraft Heinz Company
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.6 SWOT Analysis
7.9 Danone S.A.
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Category and Regional Analysis
7.9.4 SWOT Analysis
7.10. DANA Dairy Group Ltd.
7.10.1 Company Overview
7.10.2 SWOT Analysis
Chapter 8. Winning Imperatives for Milk Powder Market

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