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).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.
Global Milk Powder Market Recent Developments
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In May 2023, global milk powder prices surged due to supply chain disruptions and increased demand from Asian markets.
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In September 2022, Nestlé enhanced its milk powder processing facilities in Southeast Asia to boost capacity and meet regional demand.
Segment Analysis
In this comprehensive report, the Global Milk Powder Market is analyzed through segmentation by Product, Distribution Channel, and Geography, providing insights into its diverse dynamics and market opportunities.
The segmentation by Product categorizes milk powder into distinct types such as whole milk powder, skim milk powder, and dairy whitener. Each variant caters to specific consumer preferences and nutritional needs, influencing its demand across various regions. Whole milk powder, known for its rich taste and versatility in culinary applications, remains a staple in many dairy products. Skim milk powder, with its low-fat content and high protein profile, appeals to health-conscious consumers seeking nutritious alternatives. Dairy whitener, often used as a convenient coffee or tea additive, serves as a non-dairy option particularly favored in regions with lactose intolerance concerns or where fresh dairy availability is limited.
The Distribution Channel segmentation outlines how milk powder products reach consumers through channels such as hypermarkets/supermarkets, convenience stores, food and drink specialists, and online platforms. Hypermarkets and supermarkets dominate by offering a wide range of brands and products under one roof, appealing to consumers seeking convenience and variety. Convenience stores cater to quick purchases and impulse buying, particularly in urban areas. Online platforms have emerged as a rapidly growing segment, providing consumers with convenience and accessibility to a broader range of milk powder products globally. Geographically, the market segmentation across North America, Europe, Asia Pacific, Middle East and Africa, and Latin America highlights regional consumption patterns, regulatory landscapes, and economic influences that shape the demand and supply dynamics of the Global Milk Powder Market. This segmented approach enables stakeholders to tailor strategies effectively, tapping into specific market segments and optimizing distribution networks to meet diverse consumer preferences worldwide.
Global Milk Powder Segment Analysis
In this report, the Global Milk Powder Market has been segmented by Product, Distribution Channel and Geography.
Global Milk Powder Market, Segmentation by Product
The Global Milk Powder Market has been segmented by Product into Skim milk powder, Dairy whitener and Whole milk powder.
Skim milk powder, valued for its high protein content and low-fat profile, is particularly popular among health-conscious consumers and those managing dietary restrictions related to heart health and obesity. Its rich calcium and essential mineral content, including selenium, phosphorus, magnesium, potassium, and zinc, make it an appealing option for those seeking nutritional benefits without the added calories from fat. This segment is expected to see significant growth as the demand for healthier dairy alternatives continues to rise.
Dairy whitener, also known as coffee or tea whitener, caters to consumers seeking a convenient, non-dairy alternative for their beverages. This product is especially popular in regions with high rates of lactose intolerance or where fresh milk is less accessible. Whole milk powder retains all the natural fats and nutrients found in fresh milk, making it ideal for culinary applications that require a richer taste and texture. It is widely used in baking, confectionery, and dairy-based beverages. The segmentation by product type allows for a targeted approach in addressing diverse consumer needs and preferences, fostering innovation and expanding market opportunities within the Global Milk Powder Market.
Global Milk Powder Market, Segmentation by Distribution Channel
The Global Milk Powder Market has been segmented by Distribution Channel into Hypermarkets and supermarkets, Convenience stores, Food and drink specialists and Others
Hypermarkets and supermarkets serve as dominant channels due to their extensive range of brands, product varieties, and competitive pricing, making them preferred destinations for bulk purchases and everyday essentials. These outlets benefit from high foot traffic and consumer trust, allowing brands to leverage shelf space and promotional activities effectively to drive sales.
Convenience stores represent another vital segment in urban and suburban areas, offering convenience and quick access to milk powder products. Their extended operating hours and strategic locations cater to impulse purchases and immediate consumer needs, enhancing market penetration. Food and drink specialists, including specialty stores and dedicated dairy outlets, provide a curated selection of milk powder products that cater to niche markets and health-conscious consumers seeking specific brands or premium quality options. These channels often emphasize product expertise and customer service, fostering loyalty and higher margins. Additionally, the "Others" category encompasses online platforms and direct sales channels, which have seen rapid growth, particularly in regions with increasing internet penetration. These channels offer convenience, wider product choices, and competitive pricing, catering to the evolving shopping behaviors of modern consumers. Overall, the segmentation by distribution channels provides insights into consumer preferences and behaviors, guiding effective marketing strategies and enhancing market reach in the Global Milk Powder Market.
Global Milk Powder Market, Segmentation by Geography
In this report, the Global Milk Powder Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Milk Powder Market Share (%), by Geographical Region, 2024
North America and Europe represent mature markets with established dairy consumption habits and stringent regulatory standards. These regions are characterized by stable demand for milk powder products, driven by factors such as health consciousness, dietary preferences, and convenience. The market in these regions is influenced by consumer perceptions of quality, nutritional benefits, and affordability, with preferences varying between whole milk powder and skimmed milk powder based on dietary choices and culinary applications.
In contrast, the Asia Pacific region is experiencing rapid market growth fueled by rising population, urbanization, and increasing disposable incomes. Countries like China, India, and Japan are major contributors to this growth, driven by changing lifestyles, dietary shifts, and expanding retail infrastructure. The Middle East and Africa region, while still emerging, show promising growth prospects driven by urbanization, improving living standards, and growing awareness of dairy nutrition. Latin America, known for its strong agricultural sector, also presents significant opportunities in the milk powder market, supported by increasing dairy production and consumption trends. Overall, the geographical segmentation provides valuable insights into regional market dynamics, helping stakeholders in the milk powder industry to formulate targeted strategies and capitalize on emerging opportunities across different global regions.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Milk Powder Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers :
- Growing population and urbanization
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Rising disposable incomes - Rising disposable incomes play a significant role in shaping the Global Milk Powder Market, influencing consumption patterns and market dynamics worldwide. As disposable incomes increase across various regions, especially in emerging economies, consumers often upgrade their dietary preferences and seek higher-quality food products, including dairy items like milk powder. This trend is driven by a growing awareness of health and nutrition, prompting consumers to opt for convenient and nutritious alternatives to fresh dairy products. Milk powder, known for its longer shelf life and versatility in culinary applications, aligns well with these preferences, making it a preferred choice among households with increased purchasing power.
Moreover, higher disposable incomes facilitate greater spending on premium and fortified milk powder variants, which offer additional nutritional benefits. Consumers in urban areas, where disposable incomes are typically higher, often exhibit a preference for branded and value-added dairy products, further boosting market growth. The accessibility of milk powder through diverse distribution channels, including hypermarkets, supermarkets, convenience stores, and online platforms, also supports this trend by ensuring broad availability and catering to varying consumer needs. Overall, rising disposable incomes contribute significantly to expanding the Global Milk Powder Market, driving innovation, product diversification, and market penetration across different demographic segments.
Restraints :
- Strict regulations
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Competition from other dairy products - The Global Milk Powder Market faces substantial competition from various other dairy products that cater to diverse consumer preferences and nutritional needs. One significant competitor is fresh liquid milk, which remains a staple in many households worldwide due to its perceived freshness and nutritional benefits. Fresh milk appeals to consumers seeking minimally processed dairy products and those who prefer its taste and texture over reconstituted milk powder.
Another competitor is condensed milk, known for its rich, sweet flavor and creamy texture. Condensed milk is widely used in desserts and confectionery, offering a distinct taste profile that milk powder cannot replicate. Evaporated milk, with its concentrated form and longer shelf life compared to fresh milk, also competes directly with milk powder in various culinary applications, especially in baking and cooking.
Yogurt and cheese products further diversify the competition landscape for milk powder. Yogurt is popular for its probiotic benefits and versatility in snacks and breakfast options, while cheese offers a range of textures and flavors that appeal to different tastes and culinary preferences. These dairy alternatives continue to innovate with new flavors, formulations, and health-focused variants, challenging milk powder in both retail and industrial segments.
In response to this competition, the milk powder market emphasizes its unique advantages such as longer shelf life, convenience in storage and transportation, and versatility in various food manufacturing processes. Additionally, innovations in packaging, nutritional fortification, and marketing strategies help differentiate milk powder products and maintain their relevance amidst diverse dairy product offerings globally.
Opportunity :
- Innovation
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Plant-based milk powder - The Global Milk Powder Market is increasingly seeing the emergence and growth of plant-based milk powder alternatives alongside traditional dairy products. Plant-based milk powders are derived from sources such as soy, almond, coconut, oats, and rice, offering a lactose-free and vegan-friendly alternative to traditional dairy milk powder. These products cater to consumers with dietary restrictions, lactose intolerance, or those adopting vegan lifestyles, reflecting a broader shift towards plant-based diets driven by health and environmental concerns.
Plant-based milk powders typically mimic the nutritional profiles of their dairy counterparts, often fortified with vitamins and minerals like calcium and vitamin D to match or exceed the nutritional benefits of cow's milk. They are versatile ingredients used in various applications, including beverages, baking, and cooking, offering a similar texture and flavor profile to dairy milk powder. As consumer awareness of health and sustainability grows globally, the demand for plant-based milk powders is expected to expand, supported by increasing product innovations and availability across different distribution channels. This segment represents a significant opportunity for manufacturers and retailers to diversify their product offerings and capture a growing market share in the evolving landscape of the Global Milk Powder Market.
Competitive Landscape Analysis
Key players in Global Milk Powder Market include
- Alpen Food Group BV
- Arla Foods amba
- China Mengniu Dairy Co. Ltd
- Danone SA
- Dean Foods Co
- Fonterra Co-operative Group Ltd
- Gujarat Cooperative Milk Marketing Federation Ltd
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Global Milk Powder Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing population and urbanization
- Rising disposable incomes
- Restraints
- Strict regulations
- Competition from other dairy products
- Opportunities
- Innovation
- Plant-based milk powder
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
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Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Milk Powder Market, By Product, 2021 - 2031 (USD Million)
- Skim milk powder
- Dairy whitener
- Whole milk powder
- Global Milk Powder Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Hypermarkets and supermarkets
- Convenience stores
- Food and drink specialists
- Others
- Global Milk Powder Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Milk Powder Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Alpen Food Group BV
- Arla Foods amba
- China Mengniu Dairy Co. Ltd
- Danone SA
- Dean Foods Co
- Fonterra Co-operative Group Ltd
- Gujarat Cooperative Milk Marketing Federation Ltd
- Company Profiles
- Analyst Views
- Future Outlook of the Market