Non Fat Dry Milk Global Market Report 2024

The global non fat dry milk market has grown strongly in recent years. It will grow from $7.92 billion in 2023 to $8.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth observed in the historical period can be attributed to several factors, including a rise in consumption of dairy products, evolving consumer preferences, intense competition within the dairy industry, economic influences, and the widespread use of dairy as an ingredient in various food products.

The global non fat dry milk market is expected to see strong growth in the next few years. It will grow to $10.63 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The anticipated growth in the upcoming period is driven by factors such as effective supply chain management, the influence of health and wellness trends, evolving dietary preferences, the emergence of dairy alternatives, and the impact of a growing population and increased urbanization.

The burgeoning health consciousness among consumers is poised to steer the growth trajectory of the non-fat dry milk market. Driven by health-conscious consumers (HCCs) seeking a wellness-driven lifestyle and nutritional well-being, this trend is amplified by a growing concern for chronic diseases prevention. The preference for non-fat dry milk is rooted in its myriad benefits, offering nutritional equivalence to fresh milk, fortifying bone development through essential minerals, and catering to nutritional requirements with elevated levels of protein, calcium, vitamin D, and vitamin. Citing a survey by Public Health England in January 2021, where a significant majority of adults expressed a motivation to adopt healthier lifestyles due to the COVID-19 pandemic, this inclination is expected to propel the non-fat dry milk market's growth.

The escalating consumption of bakery products is anticipated to foster growth within the non-fat dry milk market. Bakery items encompass a range of products like bread, cookies, pies, and pastries, often incorporating flour or grain-based meals. The increased demand for these products accentuates the need for non-fat dry milk as a crucial ingredient, owing to its functional and nutritional advantages in diverse bakery formulations. Notably, a report from the American Bakers Association in May 2021 highlighted mixed first-quarter sales in the bakery segment, with notable growth in categories like cakes and croissants, affirming the influence of rising bakery consumption on the non-fat dry milk market's expansion.

Leading companies in the non-fat dry milk market are innovating by introducing products such as organic whole milk powders to cater to larger consumer bases and augment sales. Organic whole milk powder, derived from organically raised cow's milk, finds versatile applications in functional food production, spanning chocolates to bakery goods. As showcased by Lactalis Ingredients' launch in May 2021, this product aligns with the demands of manufacturers targeting organic food production, leveraging consumer perceptions of superior nutritional value compared to conventional counterparts.

In a similar vein, major players in the non-fat dry milk market are leveraging innovation by introducing skimmed milk powders to expand their consumer reach and drive revenue growth. Skimmed milk powder, derived from non-fat or skimmed milk, undergoes a process of water content removal. For instance, Valio Ltd's launch of Valio Prime SMP in April 2023 presents a unique offering tailored for infant milk formula (IMF) manufacturers. Renowned for its optimized dry blend and exceptional microbiological quality, this product streamlines the production process for IMF, catering to market demands by enabling flexible product customization. Notably advantageous for small to medium-sized enterprises, Valio Prime SMP seamlessly integrates into existing manufacturing processes, providing efficiency enhancements for larger manufacturers as well.

In November 2022, California Dairies Inc., a dairy processing company based in the United States, successfully acquired DairyAmerica for an undisclosed sum. This acquisition by CDI aims to attain ownership rights currently held by Agri-Mark, Inc. and O-AT-KA Milk Products, thereby transforming DairyAmerica into a wholly owned subsidiary of CDI. Under this revised structure, DairyAmerica will persist in its role of marketing milk powders sourced from Agri-Mark, Inc. and O-AT-KA Milk Products. These strategic marketing agreements are structured to maintain the ongoing advantages derived from a diverse and sustainable supply chain that DairyAmerica currently benefits from. DairyAmerica is recognized as a U.S.-based provider specializing in non-fat dry milk.

Major companies operating in the non fat dry milk market report are Blue Diamond Growers Co., All American Foods Inc., Alpen Food Group, American Dairy Products Institute, Anand Milk Union Limited, Arla Foods AMBA, Bluegrass Ingredients Inc., Bob's Red Mill Natural Foods Inc., Cayuga Milk Ingredients LLC, Chicago Dairy Corporation, Clofine Dairy & Food Products, DairyAmerica Inc., DANA Dairy Group Ltd., Danone SA, Earth's Own Food Company, Eden Foods Inc., Glanbia Ingredients Ireland Limited, Hain Celestial Group, Hilmar Cheese Company, Hochdorf Holding AG, Holland Dairy Foods LLC, Nestlé SA, NOW Foods Pvt. Ltd., Oatly AB, Organic Valley Cropp Cooperative, Revala Ltd., St Albans Cooperative Creamery, SunOpta Inc., Vreugdenhil Groep B.V., Agropur Cooperative, Ample Harvest.org, Associated Milk Producers Inc., Aurora Dairy Corporation, California Dairies, Inc., Continental Dairy Facilities LLC

North America was the largest region in the non fat dry milk market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non fat dry milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the non fat dry milk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The two primary types of non-fat dry milk include spray-dried and roller-dried variations. Spray-dried non-fat dry milk undergoes a process where fluid milk is converted into a dry powder using a hot drying medium. This method ensures rapid water removal, enhancing yield while preventing the crystallization of lactose, thereby preserving nutritional integrity. It is categorized into high-heat, medium-heat, and low-heat variations, offering diverse options like almond, coconut, soy, and others. Serving residential and commercial end-users, its functionalities span browning, emulsification, foaming, water binding, and flavor enhancement.

This report provides non-fat dry milk market statistics, including non-fat dry milk industry global market size, regional shares, competitors with a non-fat dry milk market share, detailed non-fat dry milk market segments, market trends and opportunities, and any further data you may need to thrive in the non-fat dry milk industry. This non-fat dry milk market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The non-fat dry milk market consists of sales of baker’s dry milk, spray-dried non-fat dry milk, skimmed milk powders, non-agglomerated (non-instant) non-fat dry milk, and agglomerated (instant) non-fat dry milk. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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