The global milk powder market size reached USD 36.5 Billion in 2024. Looking forward, the market is forecast to reach USD 58.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033. Escalating product demand due to rising global population and urbanization, the burgeoning infant formula sector, increasing health consciousness boosting dietary supplement intake, the expansion of the bakery and confectionery industries, and enhanced dairy technology are some of the factors fueling the market growth.
Milk powder is a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. Since it is convenient to use and has a longer shelf life, it is widely utilized by consumers as an alternative for fresh milk in a wide range of food preparation, including confectionaries, infant formulas, savory items and desserts. Its ability to bind water, along with its foaming and emulsifying properties, make milk powders an important food ingredient. At present, milk powder is consumed globally due to the presence of several essential nutrients, such as protein, vitamins, calcium, iron, sodium, cholesterol, potassium, fat and carbohydrates, that are beneficial for overall health development.
This report provides an analysis of the key trends in each sub-segment of the global milk powder market report, along with forecasts at the global and regional level from 2025-2033. The report has categorized the market based on product type, function and application.
2. What is the expected growth rate of the global milk powder market during 2025-2033?
3. What is the market potential of milk powder?
4. What has been the impact of COVID-19 on the global milk powder market?
5. What is the breakup of the global milk powder market based on the product type?
6. What is the breakup of the global milk powder market based on the function?
7. What is the breakup of the global milk powder market based on the application?
8. What are the key regions in the global milk powder market?
9. What are the key regions in the global milk powder market?
10. Who is the largest producer of milk powder?
Milk powder is a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. Since it is convenient to use and has a longer shelf life, it is widely utilized by consumers as an alternative for fresh milk in a wide range of food preparation, including confectionaries, infant formulas, savory items and desserts. Its ability to bind water, along with its foaming and emulsifying properties, make milk powders an important food ingredient. At present, milk powder is consumed globally due to the presence of several essential nutrients, such as protein, vitamins, calcium, iron, sodium, cholesterol, potassium, fat and carbohydrates, that are beneficial for overall health development.
Milk Powder Market Trends
The increasing demand for convenient food products among the masses is one of the key factors driving the sales of milk powder. Since it can be stored without refrigeration and easily transported without the need for cold chain infrastructure, this is providing an impetus to the market. Moreover, the widespread product adoption across the food and beverage industry is impacting the market growth favorably. Furthermore, significant developments in the e-commerce infrastructure, improvements in the supply chain distribution channels and the advent of the online delivery models are creating a positive market outlook. Additionally, continual technological advancements in the production processes for retaining the nutrient content of milk are considered to be other growth-inducing factors. The market is further driven by the rising investments by key players in the development of aggressive marketing strategies, promotional campaigns, celebrity endorsements and innovative packaging solutions. Other factors, including rapid urbanization, the growing health consciousness among individuals and the changing dietary patterns of the masses, are also favorably influencing the market.Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global milk powder market report, along with forecasts at the global and regional level from 2025-2033. The report has categorized the market based on product type, function and application.Breakup by Product Type
- Whole Milk Powder
- Skimmed Milk Powder
Breakup by Function
- Emulsification
- Foaming
- Flavouring
- Thickening
Breakup by Application
- Infant Formula
- Confectionery
- Sports and Nutrition Foods
- Bakery Products
- Dry Mixes
- Fermented Milk Products
- Meat Products
- Others
Regional Insights
- European Union
- New Zealand
- China
- United States
- Brazil
- Others
Competitive Landscape
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:- Nestlé S.A.
- Danone S.A.
- Lactalis Group
- Fonterra Co-operative Group Limited
- Royal FrieslandCampina N.V.
- Dean Foods
- Arla Foods
- Dairy Farmers of America Inc.
- Kraft Heinz Company
- Saputo, Inc.
- Parmalat S.p.A.
Key Questions Answered in This Report
1. What was the size of the global milk powder market in 2024?2. What is the expected growth rate of the global milk powder market during 2025-2033?
3. What is the market potential of milk powder?
4. What has been the impact of COVID-19 on the global milk powder market?
5. What is the breakup of the global milk powder market based on the product type?
6. What is the breakup of the global milk powder market based on the function?
7. What is the breakup of the global milk powder market based on the application?
8. What are the key regions in the global milk powder market?
9. What are the key regions in the global milk powder market?
10. Who is the largest producer of milk powder?
Table of Contents
1 Preface3 Executive Summary14 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Milk Industry
6 Global Milk Powder Industry
7 Market Breakup by Product Type
8 Market Breakup by Function
9 Market Breakup by Application
10 Market Breakup by Region
11 Competitive Landscape
12 Milk Powder Manufacturing Process
13 Project Details, Requirements and Costs Involved
15 Project Economics
16 Key Player Profiles
List of Figures
List of Tables
Companies Mentioned
- Nestlé S.A.
- Danone S.A.
- Lactalis Group
- Fonterra Co-operative Group Limited
- Royal FrieslandCampina N.V.
- Dean Foods
- Arla Foods
- Dairy Farmers of America Inc.
- Kraft Heinz Company
- Saputo Inc.
- Parmalat S.p.A.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 135 |
| Published | February 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 36.5 Billion |
| Forecasted Market Value ( USD | $ 58.4 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
