Global Milk Powder Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Skim Milk Powder, Dairy whitener and Whole Milk Powder.

By Distribution Channel;

Hypermarkets and Supermarkets, Convenience Stores, Food and Drink Specialists, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn948814475 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Milk Powder Market (USD Million), 2021 - 2031

In the year 2024, the Global Milk Powder Market was valued at USD 33,372.35 million. The size of this market is expected to increase to USD 48,224.87 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.4%.

Milk powder is globally consumed due to its rich nutrient profile, including vitamin B12, thiamin, and high protein content, which drive its market demand. Additionally, its longer shelf life compared to regular milk enhances its appeal, leading to heightened preference over fresh milk. Skim milk powder, in particular, stands out as a natural source of proteins, calcium, and essential minerals like selenium, phosphorous, magnesium, potassium, and zinc. Its cholesterol-lowering properties and support for weight management make it increasingly popular among consumers managing heart disease and obesity, thereby fueling growth in the global skim milk powder market.

The consumption of both whole milk powder and skimmed milk powder has surged alongside the rise in middle-class households, increased disposable incomes, and heightened health awareness among consumers worldwide. However, as of 2022, ongoing factors such as the Ukraine conflict, extreme weather events, and escalating living costs have significantly impacted dairy markets globally. Dairy product prices are expected to remain elevated in the European Union due to these disruptions. The conflict in Ukraine has further exacerbated market conditions, leading to panic buying and stockpiling of long-shelf-life groceries like milk powder. Supply chain challenges stemming from the war are likely to persist, affecting prices of dairy products, grains, and fertilizers in the coming months.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Milk Powder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing population and urbanization
        2. Rising disposable incomes
      2. Restraints
        1. Strict regulations
        2. Competition from other dairy products
      3. Opportunities
        1. Innovation
        2. Plant-based milk powder
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Milk Powder Market, By Product, 2021 - 2031 (USD Million)
      1. Skim milk powder
      2. Dairy whitener
      3. Whole milk powder
    2. Global Milk Powder Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hypermarkets and supermarkets
      2. Convenience stores
      3. Food and drink specialists
      4. Others
    3. Global Milk Powder Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Alpen Food Group BV
      2. Arla Foods amba
      3. China Mengniu Dairy Co. Ltd
      4. Danone SA
      5. Dean Foods Co
      6. Fonterra Co-operative Group Ltd
      7. Gujarat Cooperative Milk Marketing Federation Ltd
  7. Analyst Views
  8. Future Outlook of the Market