Milk Powder Market Size, Share, Outlook

The global Milk Powder Market Size stood at $31.1 Billion in 2022 and is poised to register 5.82% growth over the forecast period from 2023 to 2030. Key market driving forces include the Emerging lifestyles support the demand for diverse milk product types, Demand for different types of milk powders, Consumer awareness of the health benefits of sheep and goat milk powder encourages their sales, A2 milk powder presents significant growth prospects in the dairy segment, and strong growth in online sales supports market growth are identified among main market dynamics.

 

Milk Powder Market Analysis

Milk powder is one of the largest markets in the dairy industry, with strong prospects for diverse product launches. Owing to benefits such as convenience, longer shelf life, and versatility in different food applications, milk powders are widely used in various food products, infant formula, and dairy-based beverages.

Growth in demand wide range of applications of milk powder including the infant formula market, non-dairy milk powder markets, whole and skimmed milk powder, organic and conventional, and other industries supports the market outlook. In particular, significant domestic and export opportunities are observed in the new segments of the industry.

Milk powder is a rich source of essential nutrients, vitamins, and minerals, making it a popular choice for health-conscious consumers. In addition, milk powder has a longer shelf life compared to fresh milk, making it a popular ingredient in products that require a longer shelf life such as baked goods, confectionery, and dairy products. It is also less expensive than other dairy ingredients and plant-based alternatives, making it an attractive option for food and beverage manufacturers.

Investing in research and development for new milk powder-based products or formulations can lead to unique offerings that cater to specific consumer preferences or niche markets. In particular, a large number of companies are focusing on sustainability and environment-friendly production methods. Companies that adopt eco-friendly and sustainable practices in their milk powder production processes are quickly gaining a competitive advantage and appeal to environmentally conscious consumers.

 

Market Dynamics

Market Trend- Emerging lifestyles support the demand for diverse milk product types

The fast-paced lifestyles of parents coupled with an increasing understanding of the role and importance of nutrition in the early stage of life remain the main drivers of different types of milk powders. The huge growth in the number of working mothers, across both developed and developing countries, coupled with long working hours are encouraging the swift adoption of nutritious, ready-to-consume, powder forms of infant and regular milk powders.

The role of milk powders continues to grow in infant formula applications. In the infant formula segment, when babies cannot receive breast milk, the only suitable and safe alternative is the infant formula product. Confectionery and bakery products are also widely introduced based on whole and skimmed milk powder, which supports the market outlook.

Development of a complete range of products including first-baby formula, follow-on formula, and toddler milk powder, based on dairy and non-dairy milk is widely observed. Adult nutrition trends such as personalization, natural and immunity-boosting trends are quickly expanding into the infant nutrition market. The focus on digestive health during the pandemic period also assisted the market for milk infant formula. Further, a wide range of dairy products using milk powder are being introduced.

 

Market Driver- Demand for different types of milk powders

A strong emphasis on diverse milk powders is being observed across markets. Plant-based milk powder, organic milk powder, Non-Fat Milk Powder, Instant Milk Powder, Fortified Milk Powder, Lactose-Free Milk Powder, and others are being introduced. Amidst the key benefits of sheep, goat, donkey, camel, and other milk-based formulas in digestion, most companies are aggressively expanding their product portfolio.

• Growing consumer interest in milk powder based on diverse milk varieties is observed significantly in European markets, in particular, in Western European countries. Cottage cheese, cream cheese, and ricotta cheese, inclusion in yogurt for improved taste, addition to ice cream for creamy texture and enhancing the nutritional content, powdered milk, and evaporated milk in sauces and soups.
• To attract health-conscious customers, most companies are marketing organic milk powder. Transparent systems where the final product is back on the farm and at every stage in the supply chain are being built and marketed
• The health benefits of skimmed milk are widely marketed. Leading producers of skimmed milk powders continue to emphasize sales to Asian consumers. 
• Companies are collaborating with scientists, research institutes, and universities throughout the world to compose and optimize powder for infants and the geriatric population.
• Affected by the pandemic, distribution channels of skimmed milk powder products experienced some disruption in 2020 and 2021. However, increased health consciousness among users led to robust market recovery during late 2021 and early 2022.

 

Market Segmentation

The global Milk Powder Market is segmented into Types, Applications, and Countries.

Non-Dairy Milk Powder is dominant in Milk Powder Market

Plant-based milk alternatives have gained significant popularity in North America and Europe, in particular, for Almond milk, soy milk, and oat milk are particularly favored options. Owing to health consciousness, lactose intolerance, and environmental concerns, leading companies are marketing non-dairy-based milk powders.

Made from plant-based sources like soy, almond, coconut, rice, etc, non-dairy milk powder is being fortified to mimic the nutritional profile of dairy milk. Fortification may vary among different types of non-dairy milk. Further, Lactose-free powders suitable for people with lactose intolerance are increasingly marketed.

Non-dairy milk powder markets, especially plant-based options have strong prospects for growth and market penetration, encouraging companies to cater to specific consumer preferences and dietary requirements.

Further, non-dairy milk powder made from plant-based sources generally has a lower carbon footprint, making it more appealing to environmentally conscious consumers in various regions.

 

Dairy Whitener segment is growing at the highest CAGR during the forecast period

Dairy Whitener is a non-dairy product made from plant-based fats, typically derived from sources like coconut, palm kernel, or soy. With increasing consumer demand for plant-based and lactose-free alternatives, Dairy Whiteners made from vegetable fats have gained popularity as a convenient and versatile coffee creamer.

The milk powder is made from vegetable fats, sugars, and other additives to mimic the taste and texture of dairy cream as a substitute primarily used in coffee and tea. In particular, Dairy Whitener is widely used to dissolve quickly and easily in hot beverages like coffee and tea, eliminating the need for traditional liquid milk.

The primary use of Dairy Whitener is as a coffee and tea creamer. It provides a creamy texture and enhances the flavor of hot beverages without the need for refrigeration. It is also used as a substitute for liquid milk in various recipes, including desserts, soups, and sauces. Further, food service industry remains a major end-user, particularly in restaurants, cafes, and hotels, where dairy whitener provides a convenient and cost-effective solution for serving beverages.

 

Bakery and Confectionery is the largest industry in Milk Powder Market

The prospects for milk powder manufacturers in the bakery and confectionery segment are strong. As consumers continue to enjoy bakery products and confectionery treats, the demand for milk powders in these applications is expected to remain steady

Bread and Pastries: Whole milk powder is used to enhance the texture, flavor, and moisture of various bread and pastry products.

Cakes and Cookies: Whole milk powder and skimmed milk powder can be used in the preparation of cakes and cookies to improve texture and contribute to a soft crumb.

Chocolates and Confectioneries: Whole milk powder and skimmed milk powder are used in chocolates, candies, and fudges to provide creaminess and a rich milk flavor.

 

Asia Pacific is poised to register 6.14% CAGR growth over the forecast period from 2023 to 2030

Asia Pacific is the largest market for Milk Powder, predominantly driven by adoption among Chinese, Indian, and other consumers. The Chinese market is expected to continue its upward trajectory, with companies focusing on innovation and sustainability to stay ahead of the competition. The country is the largest consumer of milk powder owing to increasingly health-conscious consumers and the increasing per capita income in China, which will enable them to go for premium products.

China’s infant and toddler nutrition market structure is changing rapidly. However, this market, particularly in rural areas, continues to be limited by strong cost constraints, which make it difficult to take up higher-priced products. Local players continue to gain a share against the traditional multinational brands, driven both by the strength of local brands in domestic channels, as well as an overall mix shift from cross-border to domestic channels.

Urbanization has led to higher female work participation which in turn has led to a higher dependence on breast milk substitutes. Only 29% of Chinese babies are exclusively breastfed in the first six months. Despite numerous education campaigns around the benefits of breast milk, the Chinese government has made little progress in boosting the rate to 50% that it set out in its national nutrition plan.

As most consumers prefer shift milk formula, most European producers are increasingly targeting China market. Further, a strong preference for imported products over domestic products presents significant growth potential.

 

Segmentation

By Type

• Dairy
• Non-Dairy

 

By Product

• Whole Milk Powder
• Skimmed Milk Powder
• Dairy Whitener
• Buttermilk Powder
• Fat Filled Milk Powder
• Others

 

By Application

• Nutritional Food
• Infant Formula
• Bakery and Confectionery
• Sweets and Savories
• Ice-Creams
• Others

 

By Sales Channel

• Supermarkets/Hypermarkets
• Convenience Stores
• Online Retail Stores
• Others

 

By Region

• North America (United States, Canada, Mexico)
• Europe (Germany, France, United Kingdom, Spain, Italy, Others)
• Asia Pacific (China, India, Japan, South Korea, Australia, Others)
• Latin America (Brazil, Argentina, Others)
• Middle East and Africa (Saudi Arabia, UAE, Kuwait, Other Middle East, South Africa, Nigeria, Other Africa)

 

Key Players

• Nestle SA
• Saputo Inc
• Arla Foods Amba
• Essona Organics
• Gujarat Cooperative Milk Marketing Federation
• Fonterra Co-operative Limited (NZMP)
• Danone SA
• Dana Dairy
• NOW Foods
• Lactalis International

 

Milk Powder Market Outlook 2023

1 Market Overview

1.1 Introduction to Milk Powder Market

1.2 Scope of the Study

1.3 Research Objective

1.3.1 Key Market Scope and Segments

1.3.2 Players Covered

1.3.3 Years Considered

 

2 Executive Summary

2.1 2023 Milk Powder Industry- Market Statistics

3 Market Dynamics

3.1 Market Drivers

3.2 Market Challenges

3.3 Market Opportunities

3.4 Market Trends

 

4 Market Factor Analysis

4.1 Porter’s Five Forces

4.2 Market Entropy

4.2.1 Global Milk Powder Market Companies with Area Served

4.2.2 Products Offerings Global Milk Powder Market

5 COVID-19 Impact Analysis and Outlook Scenarios

5.1.1 Covid-19 Impact Analysis

5.1.2 Post-COVID-19 Scenario- Low Growth Case

5.1.3 Post-COVID-19 Scenario- Reference Growth Case

5.1.4 Post-COVID-19 Scenario- Low Growth Case

 

6 Global Milk Powder Market Trends

6.1 Global Milk Powder Revenue (USD Million) and CAGR (%) by Type (2018-2028)

6.2 Global Milk Powder Revenue (USD Million) and CAGR (%) by Applications (2018-2028)

6.3 Global Milk Powder Revenue (USD Million) and CAGR (%) by Regions (2018-2028)

 

7 Global Milk Powder Market Revenue (USD Million) by Type, and Applications (2018-2022)

7.1 Global Milk Powder Revenue (USD Million) by Type (2018-2022)

7.1.1 Global Milk Powder Revenue (USD Million), Market Share (%) by Type (2018-2022)

7.2 Global Milk Powder Revenue (USD Million) by Applications (2018-2022)

7.2.1 Global Milk Powder Revenue (USD Million), Market Share (%) by Applications (2018-2022)

 

8 Global Milk Powder Development Regional Status and Outlook

8.1 Global Milk Powder Revenue (USD Million) By Regions (2018-2022)

8.2 North America Milk Powder Revenue (USD Million) by Type, and Application (2018-2022)

8.2.1 North America Milk Powder Revenue (USD Million) by Country (2018-2022)

8.2.2 North America Milk Powder Revenue (USD Million) by Type (2018-2022)

8.2.3 North America Milk Powder Revenue (USD Million) by Applications (2018-2022)

8.3 Europe Milk Powder Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)

8.3.1 Europe Milk Powder Revenue (USD Million), by Country (2018-2022)

8.3.2 Europe Milk Powder Revenue (USD Million) by Type (2018-2022)

8.3.3 Europe Milk Powder Revenue (USD Million) by Applications (2018-2022)

8.4 Asia Pacific Milk Powder Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)

8.4.1 Asia Pacific Milk Powder Revenue (USD Million) by Country (2018-2022)

8.4.2 Asia Pacific Milk Powder Revenue (USD Million) by Type (2018-2022)

8.4.3 Asia Pacific Milk Powder Revenue (USD Million) by Applications (2018-2022)

8.5 South America Milk Powder Revenue (USD Million), by Type, and Applications (2018-2022)

8.5.1 South America Milk Powder Revenue (USD Million), by Country (2018-2022)

8.5.2 South America Milk Powder Revenue (USD Million) by Type (2018-2022)

8.5.3 South America Milk Powder Revenue (USD Million) by Applications (2018-2022)

8.6 Middle East and Africa Milk Powder Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)

8.6.1 Middle East and Africa Milk Powder Revenue (USD Million) by Country (2018-2022)

8.6.2 Middle East and Africa Milk Powder Revenue (USD Million) by Type (2018-2022)

8.6.3 Middle East and Africa Milk Powder Revenue (USD Million) by Applications (2018-2022)

 

9 Company Profiles

 

10 Global Milk Powder Market Revenue (USD Million), by Type, and Applications (2023-2028)

10.1 Global Milk Powder Revenue (USD Million) and Market Share (%) by Type (2023-2028)

10.1.1 Global Milk Powder Revenue (USD Million), and Market Share (%) by Type (2023-2028)

10.2 Global Milk Powder Revenue (USD Million) and Market Share (%) by Applications (2023-2028)

10.2.1 Global Milk Powder Revenue (USD Million), and Market Share (%) by Applications (2023-2028)

11 Global Milk Powder Development Regional Status and Outlook Forecast

11.1 Global Milk Powder Revenue (USD Million) By Regions (2023-2028)

11.2 North America Milk Powder Revenue (USD Million) by Type, and Applications (2023-2028)

11.2.1 North America Milk Powder Revenue (USD) Million by Country (2023-2028)

11.2.2 North America Milk Powder Revenue (USD Million), by Type (2023-2028)

11.2.3 North America Milk Powder Revenue (USD Million), Market Share (%) by Applications (2023-2028)

11.3 Europe Milk Powder Revenue (USD Million), by Type, and Applications (2023-2028)

11.3.1 Europe Milk Powder Revenue (USD Million), by Country (2023-2028)

11.3.2 Europe Milk Powder Revenue (USD Million), by Type (2023-2028)

11.3.3 Europe Milk Powder Revenue (USD Million), by Applications (2023-2028)

11.4 Asia Pacific Milk Powder Revenue (USD Million) by Type, and Applications (2023-2028)

11.4.1 Asia Pacific Milk Powder Revenue (USD Million), by Country (2023-2028)

11.4.2 Asia Pacific Milk Powder Revenue (USD Million), by Type (2023-2028)

11.4.3 Asia Pacific Milk Powder Revenue (USD Million), by Applications (2023-2028)

11.5 South America Milk Powder Revenue (USD Million), by Type, and Applications (2023-2028)

11.5.1 South America Milk Powder Revenue (USD Million), by Country (2023-2028)

11.5.2 South America Milk Powder Revenue (USD Million), by Type (2023-2028)

11.5.3 South America Milk Powder Revenue (USD Million), by Applications (2023-2028)

11.6 Middle East and Africa Milk Powder Revenue (USD Million), by Type, and Applications (2023-2028)

11.6.1 Middle East and Africa Milk Powder Revenue (USD Million), by Region (2023-2028)

11.6.2 Middle East and Africa Milk Powder Revenue (USD Million), by Type (2023-2028)

11.6.3 Middle East and Africa Milk Powder Revenue (USD Million), by Applications (2023-2028)

 

12 Methodology and Data Sources

12.1 Methodology/Research Approach

12.1.1 Research Programs/Design

12.1.2 Market Size Estimation

12.1.3 Market Breakdown and Data Triangulation

12.2 Data Sources

12.2.1 Secondary Sources

12.2.2 Primary Sources

12.3 Disclaimer

 

List Of Tables

Table 1 Market Segmentation Analysis

Table 2 Global Milk Powder Market Companies with Areas Served

Table 3 Products Offerings Global Milk Powder Market

Table 4 Low Growth Scenario Forecasts

Table 5 Reference Case Growth Scenario

Table 6 High Growth Case Scenario

Table 7 Global Milk Powder Revenue (USD Million) And CAGR (%) By Type (2018-2028)

Table 8 Global Milk Powder Revenue (USD Million) And CAGR (%) By Applications (2018-2028)

Table 9 Global Milk Powder Revenue (USD Million) And CAGR (%) By Regions (2018-2028)

Table 10 Global Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 11 Global Milk Powder Revenue Market Share (%) By Type (2018-2022)

Table 12 Global Milk Powder Revenue (USD Million) By Applications (2018-2022)

Table 13 Global Milk Powder Revenue Market Share (%) By Applications (2018-2022)

Table 14 Global Milk Powder Market Revenue (USD Million) By Regions (2018-2022)

Table 15 Global Milk Powder Market Share (%) By Regions (2018-2022)

Table 16 North America Milk Powder Revenue (USD Million) By Country (2018-2022)

Table 17 North America Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 18 North America Milk Powder Revenue (USD Million) By Applications (2018-2022)

Table 19 Europe Milk Powder Revenue (USD Million) By Country (2018-2022)

Table 20 Europe Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 21 Europe Milk Powder Revenue (USD Million) By Applications (2018-2022)

Table 22 Asia Pacific Milk Powder Revenue (USD Million) By Country (2018-2022)

Table 23 Asia Pacific Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 24 Asia Pacific Milk Powder Revenue (USD Million) By Applications (2018-2022)

Table 25 South America Milk Powder Revenue (USD Million) By Country (2018-2022)

Table 26 South America Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 27 South America Milk Powder Revenue (USD Million) By Applications (2018-2022)

Table 28 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2018-2022)

Table 29 Middle East and Africa Milk Powder Revenue (USD Million) By Type (2018-2022)

Table 30 Middle East and Africa Milk Powder Revenue (USD Million) By Applications (2018-2022)

 

Table 31 Financial Analysis

Table 32 Global Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 33 Global Milk Powder Revenue Market Share (%) By Type (2023-2028)

Table 34 Global Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 35 Global Milk Powder Revenue Market Share (%) By Applications (2023-2028)

Table 36 Global Milk Powder Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2028)

Table 37 North America Milk Powder Revenue (USD)By Country (2023-2028)

Table 38 North America Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 39 North America Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 40 Europe Milk Powder Revenue (USD Million) By Country (2023-2028)

Table 41 Europe Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 42 Europe Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 43 Asia Pacific Milk Powder Revenue (USD Million) By Country (2023-2028)

Table 44 Asia Pacific Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 45 Asia Pacific Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 46 South America Milk Powder Revenue (USD Million) By Country (2023-2028)

Table 47 South America Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 48 South America Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 49 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2023-2028)

Table 50 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2023-2028)

Table 51 Middle East and Africa Milk Powder Revenue (USD Million) By Type (2023-2028)

Table 52 Middle East and Africa Milk Powder Revenue (USD Million) By Applications (2023-2028)

Table 53 Research Programs/Design for This Report

Table 54 Key Data Information from Secondary Sources

Table 55 Key Data Information from Primary Sources

 

 

List Of Figures

Figure 1 Market Scope

Figure 2 Porter’s Five Forces

Figure 3 Global Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 4 Global Milk Powder Revenue Market Share (%) By Type (2022)

Figure 5 Global Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 6 Global Milk Powder Revenue Market Share (%) By Applications (2022)

Figure 7 Global Milk Powder Market Revenue (USD Million) By Regions (2018-2022)

Figure 8 Global Milk Powder Market Share (%) By Regions (2022)

Figure 9 North America Milk Powder Revenue (USD Million) By Country (2018-2022)

Figure 10 North America Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 11 North America Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 12 Europe Milk Powder Revenue (USD Million) By Country (2018-2022)

Figure 13 Europe Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 14 Europe Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 15 Asia Pacific Milk Powder Revenue (USD Million) By Country (2018-2022)

Figure 16 Asia Pacific Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 17 Asia Pacific Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 18 South America Milk Powder Revenue (USD Million) By Country (2018-2022)

Figure 19 South America Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 20 South America Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 21 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2018-2022)

Figure 22 Middle East and Africa Milk Powder Revenue (USD Million) By Type (2018-2022)

Figure 23 Middle East and Africa Milk Powder Revenue (USD Million) By Applications (2018-2022)

Figure 24 Global Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 25 Global Milk Powder Revenue Market Share (%) By Type (2028)

Figure 26 Global Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 27 Global Milk Powder Revenue Market Share (%) By Applications (2028)

Figure 28 Global Milk Powder Market Revenue (USD Million) By Regions (2023-2028)

Figure 29 North America Milk Powder Revenue (USD Million) By Country (2023-2028)

Figure 30 North America Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 31 North America Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 32 Europe Milk Powder Revenue (USD Million) By Country (2023-2028)

Figure 33 Europe Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 34 Europe Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 35 Asia Pacific Milk Powder Revenue (USD Million) By Country (2023-2028)

Figure 36 Asia Pacific Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 37 Asia Pacific Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 38 South America Milk Powder Revenue (USD Million) By Country (2023-2028)

Figure 39 South America Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 40 South America Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 41 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2023-2028)

Figure 42 Middle East and Africa Milk Powder Revenue (USD Million) By Region (2023-2028)

Figure 43 Middle East and Africa Milk Powder Revenue (USD Million) By Type (2023-2028)

Figure 44 Middle East and Africa Milk Powder Revenue (USD Million) By Applications (2023-2028)

Figure 45 Bottom-Up and Top-Down Approaches For This Report

Figure 46 Data Triangulation