Milk Powder Market Size, Share, Growth, and Industry Analysis by Type (Skim Milk Powder, Whole Milk Powder) by Application (Infant Formula Milk Powder, Adult Formula Milk Powder, Confectionery, Others), and Regional Forecast to 2033

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MILK POWDER MARKET REPORT OVERVIEW

The milk powder market size was valued at USD 18.15 billion in 2024 and is expected to reach USD 21.15 billion by 2033, growing at a compound annual growth rate (CAGR) of 1.7% from 2025 to 2033.

Milk powder, also known as powdered milk or dehydrated milk. It is a dairy product achieved by vaporising the liquid content of milk to eliminate the water. The milk powder is appropriate to travel with and is willingly consumed by purely adding water to it. Making milk powder has the purpose of prolonging milk's shelf life without the use of a fridge. Whole milk powder, skim milk powder, dairy whitener, and other variations of milk powder are amongst them. Milk powder is a vital element in infant formula, making it a high-demand product in both developed and developing markets. With growing birth rates, growing disposable incomes, and changing standard of living the demand for infant formula endures to develop. Unlike fresh milk, milk powder has an extended shelf life and does not need freezing, making it perfect for regions with inadequate cold storage infrastructure. This characteristic makes it a favoured dairy choice in developing countries and for crisis food supplies.

Participants are fixing their efforts on encouraging R&D. Technological development are supporting the regional market growth. Companies need to stay updated with varying market trends and develop products that meet rising consumer needs. Companies coming up with advanced technological solutions for firming their positions.  Manufacturers surge their product range by comprising functional elements, vitamins, minerals, and added nutrients in product preparations to meet varying customers’ demands. Novel packaging approaches such as striking jars, large packages, resalable packing, and big tubs also contribute to greater sales of products. 

COVID-19 IMPACT

Pandemic Hampered The Market Due To Unexpected Disruption In The Sector

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic expressively disturbed the worldwide market. Disturbances in supply chains, labour scarcities, and transportation limitations led to manufacturing delays and price unpredictability. Many dairy processing plants met short-term shutdowns, disturbing the accessibility of milk powder in key markets.

LATEST TREND

Use Of Innovative Products To Boost The Market Growth

Technological upgrading and improvement will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological development with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Continuous improvement in manufacturing of products is anticipated to stimulate product demand. There is an opportunity for market players to innovate and introduce new product variants, such as fortified milk powder with added vitamins, minerals, or functional ingredients, to cater to evolving consumer preferences. The milk powder market has undergone a transformative phase marked by innovative product offerings, responding to the dynamic shifts in consumer preferences and dietary choices. 

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MILK POWDER MARKET SEGMENTATION

By Type

According to type, the market can be segmented into Skim Milk Powder, Whole Milk Powder

• Skim Milk Powder: Skim milk powder is made by eliminating fat from whole milk and then dehydrating it. It contains less than 1.5% fat and is rich in protein and calcium.

• Whole Milk Powder: Whole milk powder is made by vanishing water from full-cream milk, retaining a fat content.

By Application

According to application, the market can be segmented into Infant Formula Milk Powder, Adult Formula Milk Powder, Confectionery, Others

• Infant Formula Milk Powder: Infant formula is the largest application segment for milk powder. The demand is determined by deteriorating breastfeeding rates, growing disposable incomes, and augmented awareness of new-born nutrition.

• Adult Formula Milk Powder: The demand for adult formula milk powder is growing, particularly in elderly inhabitants. The growing trend of functional dairy nutrition has further driven this sector’s growth, with customers seeking lactose-free and fortified dairy alternatives.

• Confectionery: Milk powder plays a vital role in chocolate, ice cream, and bakery products, posing creaminess, consistency, and prolonged shelf life.

• Others: Milk powder is used in ready-to-drink liquid refreshment, treated dairy products, sauces, and even animal feed.

MARKET DYNAMICS

Market dynamics include driving and restraining factors, opportunities and challenges stating the market conditions.

Driving Factors

Growth in the Functional and Nutritional Food Industry To Boost The Market Growth

Customers universally are becoming more health-conscious, encouraging demand for dairy-based nutrition. Milk powder is widely used in functional nutrients, sports nutrition, and protein supplements due to its high protein and calcium content. The growing fame of high-protein diets among fitness supporters and athletes has made a strong market for milk powder-based supplements.

Technological Advancement and Innovation To Upsurge The Market

Technological advancements and innovation activate unique revenue augmenting opportunity which will upsurge the milk powder market growth. Growing investment in research and development activities and growing awareness about benefits are expected to deliver profitable opportunities for the market. The development of advanced technologies in milk powders, which helps to retain the nutrient milk content even after the drying process, and very trace amounts of fat, which, in turn, makes it low in calorie content, is driving the attention of the people toward the consumption of milk powder. Improvements in packaging technology certify longer freshness and stress-free transportation, boosting the market's development. 

Restraining Factors

Rising Concerns Regarding Lactose Intolerance To Hamper The Market Growth

Some customers may be lactose intolerant, controlling their ability to consume traditional milk powder. This makes a market restraint, needing the development of lactose-free or reduced-lactose choices. Lactose intolerance concerns have become a substantial factor influencing the dynamics of the global milk powder market as a growing number of consumer’s worldwide grapple with this condition. Lactose intolerance is characterized by the inability to digest lactose, the sugar found in milk and dairy products, due to a deficiency of the enzyme lactase. 

Opportunity

Growing Health and Wellness Trends To Create Opportunity in the Market

The rising awareness of health and wellness is a prospect to market milk powder as a source of vital nutrients, promoting its intake as a part of a healthy diet. The world-wide milk powder market is experiencing a major impact from the rising health and wellness trends, as customers progressively prioritize nutritional value, functional ingredients, and dietary likings. Health-conscious choices are motivating numerous key improvements in the industry.

Challenge

Stringent Regulatory Standards Could Be a Major Challenge

Governments worldwide impose strict regulations on milk powder production, particularly for infant formula and dairy-based nutritional products. Compliance with food safety standards, labeling requirements, and quality control measures increases operational costs for manufacturers. Regulatory changes, have also disrupted market dynamics

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MILK POWDER MARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East and Africa.

• North America

North America region is expected to grow well. Advances in processing and transportation technologies are predicted to drive considerable growth which motivate the milk powder market share.

• Asia

The Asia-Pacific milk powder market is boosted by varying lifestyles caused by globalization and an upsurge in the working-age inhabitants. The upsurge in the region's wealthy population, as well as the augmented penetration of the internet and social media, pushes the habit of processed and packaged food, paving the way for packaged products.

• Europe

Europe is witnessing constant and steady development in demand for milk powders. The region's stringent quality guidelines ensure superior production standards, which makes European milk powder a favoured choice in global trade.

KEY INDUSTRY PLAYERS

Key Players Focus On Partnerships To Gain Competitive Advantage

The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger. The collective efforts of these major players expressively impact the competitive landscape and future path of the market.

List of Top Milk Powder Companies

• Nestle (Switzerland)
• Vreugdenhil Dairy (Netherlands)
• Alpen Dairies (Netherlands)
• Westland (India)
• Burra Foods (Australia)

INDUSTRIAL DEVELOPMENT

October 2023:  Nestle started selling a new instant powder in Central and West Africa. It is the first one it made that is both cheap and good for individual health. The company mixed milk with soy from local farms to give it extra goodness. This powder has important ingredients like protein, fiber, iron, and calcium.

REPORT COVERAGE

The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.