Milk Powder Market, Size, Global Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis

Global Milk Powder Market Outlook

Global Milk Powder Market expected to arrive at US$ 44.96 Billion by 2030, according to Renub Research. Milk powder is a dairy product received by removing the moisture content from liquid milk through a dehydration technique, generally by spray-drying or curler drying. The result is a pleasant powder with a prolonged shelf life, making it a handy and versatile alternative to liquid milk. Commonly used in the food industry for its ease of storage, delivery, and varied applications, milk powder is reconstituted with water for consumption or utilized as an element in numerous culinary and commercial products.

The international reputation of milk powder stems from its convenience, versatility, and extended shelf life. Widely utilized in numerous packages, from infant components to bakery products. In regions with restricted access to fresh milk, milk powder offers a constant and nutritionally dense source. Also, its longer shelf life appeals to consumers concerned about food waste. The upward push in urbanization, changing lifestyle, and extended customer consciousness of nutritional benefits make contributions to the sustained worldwide need for milk powder throughout numerous demographics and applications.

Global Milk Powder Market Size, 2024-2030 (Billion US$)

Note: The chart above shows dummy data and is only for illustration purposes. Please get in touch with us for the actual market size and trends.

Companies Recent Initiatives & Development

Nestle (Switzerland)

In November 2023, Nestlé introduced N3 milk in China, boasting enhanced nutritional benefits. Crafted from cow's milk, it offers essential nutrients like proteins, vitamins, and minerals, along with prebiotic fibers and reduced lactose content, delivering over 15% fewer calories.

In October 2023, Nestlé introduced its inaugural affordable and nutritious instant powder in Central and West Africa. This blend of milk and plant ingredients, including locally sourced soy, offers essential nutrients like protein, fiber, iron, and calcium. Developed at Nestlé's regional R&D center in Abidjan, Côte d'Ivoire, the versatile product complements cereals, porridges, and beverages.

Danone

In July 2022, Danone introduced the inaugural Dairy and Plants Blend baby formula, meeting the rising demand for vegetarian and flexitarian options among parents. With plant-based diets increasingly popular, and nearly 70% of parents seeking more plant-based foods for their children, this innovative formula addresses the need for healthier, environmentally friendly alternatives for infants transitioning from breastmilk.

In June 2023, Danone unveiled a blend of dairy and plant-based milk powder tailored for infants and toddlers, marking the company's debut product launch in the Asia Pacific region, specifically in Australia and New Zealand.

Saputo Inc.

In May 2021, Saputo Inc. revealed its acquisition of two strategic companies, one in the dairy alternatives sector and the other in the value-added ingredients segment. These acquisitions, totaling around CDN$187 million, signify Saputo's strategic investment in diversification and growth.

In July 2021, Saputo Inc. declared its agreement to acquire Wensleydale Dairy Products Limited's operations. The company, set to integrate into Saputo's Dairy Division (UK) within its Europe Sector, operates two North Yorkshire facilities.

Arla Foods amba

In October 2023, Arla unveiled a new customer program to advance climate-efficient dairy production while aiding customers in meeting their scope 3 reduction targets. Initially launching in the UK, the program covers over 1 billion kilos of milk through existing commercial agreements.

In May 2022, Arla opened a new production plant at Pronsfeld Dairy in Germany, its largest dairy investment yet. Valued at EUR 190 million, this expansion aims to meet the rising global demand for sustainable, affordable, and nutritious dairy products, primarily focusing on increasing milk powder production.

Ausnutria Dairy Corporation Ltd. (Netherlands)

In July 2023, Ausnutria Dairy Corporation Ltd and its subsidiaries, a company involved in dairy product research, production, and distribution (including infant formula), announced compliance with all US FDA requirements for their own-branded goat milk formula, "Kabrita." As a result, they gained access to the US market for marketing and distributing Kabrita's infant formula (0-12 months).

Global Milk Powder Market is expected to grow at a CAGR of 4.89% from 2024-2030

The growing call for dairy merchandise which are convenient and stable on the shelf is propelling extensive increase in the global market for milk powder. This boom is attributed to factors like growing urbanization, tense lifestyles, and heightened awareness of dairy's dietary benefits. Particularly robust in developing countries due to urbanization and increasing earning, milk powder's appeal lies in its comfort and prolonged shelf life, addressing refrigeration boundaries. Furthermore, developed markets embrace milk powder as clients are trying to find nutritious, on-the-go options. E-commerce and cross-border change in addition enlarge market expansion, allowing worldwide accessibility for producers meeting the rising demand for flexible and shelf-stable dairy solutions.

Moreover, milk powder is a versatile factor important in a diverse range of confectionery and bakery merchandise, enriching chocolates, ice cream, biscuits, desserts, and pastries for stronger texture, flavor, and mouthfeel. Its applicability extends to drinks, serving as a staple in smoothies, shakes, and powdered milk drinks, imparting a handy, shelf-stable supply of dairy flavor. It additionally complements espresso and tea arrangements with introduced creaminess and depth. In toddler formula, milk powder delivers crucial vitamins for healthy growth. Furthermore, it contributes to nutritional products, culinary sauces, gravies, and meat processing as a flavor enhancer, thickening agent, and binder, improving the overall quality and appeal of various meals and beverage services. So, the Global Milk Powder Market was valued at US$ 32.19 Billion in 2023.

Besides, milk powder serves as a nutrient-rich choice in areas with limited access to fresh dairy, addressing dietary gaps for prone populations, in particular children, in Sub-Saharan Africa. In areas where clean milk is scarce because of transportation demanding situations and shortage of refrigeration, milk powder's convenience and shelf-stability make it a realistic alternative. Its versatility in culinary programs, nutritional value, and easy storage make-a-contribution to its big adoption. In Asia, which includes India, Pakistan, and Southeast Asia, milk powder meets the developing demand for dairy amid growth in earning and urbanization. Fortified versions aid nutritional packages, aligning with cultural possibilities and culinary traditions, while improved availability enhances accessibility and affordability for numerous customers.

Skimmed milk powder (SMP) is prospering in the global milk powder market because of health-aware consumers seeking low-fat alternatives

By Types, the Global Milk Powder Market is subdivided into Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener Powder, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder. Urbanization, higher earning, and changing diets drive global dairy demand, benefitting SMP with its extended shelf life and versatility in various food products. SMP's cost-effectiveness appeals to producers, and its sustainable manufacturing aligns with eco-conscious customer choices. In developing countries, SMP serves as a practical and inexpensive fresh milk alternative. The expanding worldwide infant formulation market, coupled with ongoing innovations, sustains SMP's increase. Increasing consciousness of SMP's nutritional benefits fuels demand throughout various applications, consisting of confectionery and bakery products.

Largest market share in the world for milk powder is held by confectioneries

By application, the Global Milk Powder Market is classified into Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, and Others. Milk powder is a critical and versatile element in confectionery, improving the smooth texture and delicate flavor of candies, sweets, fillings, glazes, and ice cream. Beyond flavor, it serves as a stabilizer, extending shelf life by stopping moisture absorption at some stage in transportation and garage. Its cost-effectiveness in comparison to other dairy components, coupled with retained vitamins like protein and calcium, makes it economically feasible for big-scale confectionery production. With clean label appeal aligning with client choices, milk powder caters to numerous nutritional needs, including vegan and dairy-free options. As the worldwide confectionery market grows, pushed by urbanization and changing options, the call for milk powder is about to surge, also fuelled by ongoing innovation within the confectionery industry.

United States holds a prominent position in the global milk powder market, contributing significantly to its overall growth and development

By Country, the Global Milk Powder Market is segmented into United States, Canada, Germany, United Kingdom, France, Italy, Spain, Switzerland, Japan, China, India, Australia, South Korea, Indonesia, Mexico, Brazil, Argentina, South Africa, Saudi Arabia, United Arab Emirates, and Rest of world. The United States, a main player in the global milk powder market, excels in dairy production because of its superior infrastructure, considerable milk supply, and authority’s support. With economic aid for farmers and processors, the U.S. maintains competitiveness in milk powder production. Strong research and development, strategic export initiatives, and international dairy giants like Arla Foods and Glanbia, in addition, bolster the industry. U.S. producers adapt swiftly to market trends, prioritize quality and protection, employ powerful advertising and marketing, and engage in strategic partnerships, solidifying their function as leaders in the international milk powder market.

Key Players

Leading businesses in the worldwide milk powder market include Nestle (Switzerland), Danone, Saputo Inc., Arla Foods amba, The Kraft heinz company (U.S), Royal FrieslandCampina N.V., Land O'Lakes, Inc, China Mengniu Dairy Company Limited, Ausnutria Dairy Corporation Ltd. (Netherlands).

By Type –

1.    Whole Milk Powder
2.    Skimmed Milk Powder
3.    Dairy Whitener Powder
4.    Buttermilk Powder
5.    Fat-Filled Milk Powder
6.    Other Milk Powder

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: