Here, we aim to analyze the global milk powder market, which is projected to reach US$ 65.3 billion by 2030, growing at a CAGR of 7.33% from 2021, driven by urbanization.
Here, we aim to analyze the global milk powder market, which is projected to reach US$ 65.3 billion by 2030, growing at a CAGR of 7.33% from 2021, driven by urbanization.Why Powdered milk?
Powdered milk, also called milk powder, is a manufactured dairy product made by evaporating milk to dryness, turning it into a convenient ingredient for travel and consumption. All one needs to do is add water to reconstitute it. The primary goal of producing milk powder is to increase the shelf life of milk without the need for refrigeration. Different varieties such as whole milk powder, skim milk powder, and others are available. Through the use of advanced science and technology, milk powder can be produced while maintaining the natural qualities of milk, including flavor, color, solubility, and nutritional content.
Anticipating Trends in the Global Milk Powder Market
The Global Milk Powder Market is projected to reach a value of US$ 65.3 billion by 2030, growing at a CAGR of 7.33% from 2021 to 2030. The market expansion during this period is expected to be driven by the rapid growth of urban populations.
The rising usage of milk powder in infant foods, its rich content of nutrients such as vitamin C, vitamin B12, thiamine, and high protein levels, along with the advantages of reduced storage requirements and lower transportation costs, are all expected to drive growth in the milk powder market in the forecasted period. Furthermore, the increasing consumer awareness regarding the benefits of a healthy lifestyle is anticipated to boost the demand for products derived from milk powder.
The increasing use of milk powder in infant foods, along with its nutrient-rich composition including vitamin C, vitamin B12, thiamine, and high protein levels, is set to drive growth in the global milk powder market. This growth is further fueled by the benefits of reduced storage requirements and lower transportation costs. Additionally, rising consumer awareness of the advantages of a healthy lifestyle is expected to boost demand for milk powder-derived products. Despite these positive factors, challenges such as the presence of preservatives, adulteration, and strict regulations on infant food limit market expansion. The introduction of flavored milk powder presents new economic opportunities in the industry.
The nutritional equivalence of milk powder to regular milk makes it a popular ingredient in sports nutrition products such as nutrition bars and drinks. The growing demand for these products, fueled by a rise in fitness consciousness, is driving the market for milk powder. However, the financial stability of milk powder producers may be impacted by factors like taxation, tariff structures, subsidies, and strict government regulations on export/import activities, which could potentially hinder market expansion.
Segmentations of Milk Powder Global Market
The global Milk Powder market is segmented according to milk powder Type, Application, Distribution Channel and global region.
Milk Powder Market Segmentation by Type
The market is categorized into two segments based on product type: whole milk powder and skimmed milk powder. Whole milk powder is the more popular choice and is commonly used in the culinary industry. It is favored by those requiring a higher calorie intake due to its greater caloric content and is also frequently used as a cooking ingredient. However, whole milk powder is less favored by individuals concerned with weight management or those adhering to specific diets, although many still regard it as the most natural form of milk.
Milk Powder Market Segmentation by Application
The confectionery sector leads the global milk powder market, utilizing milk powder in the production of various sweets including soft candies, milk chocolate, malted milk, nougat centers, caramel confections, and different types of confectionery coatings. Beyond confectionery, milk powder is significantly used in other applications such as infant formula, sports and nutrition foods, bread products, dry mixes, fermented milk products, meat products, and more. The infant formula segment, in particular, is expected to see rapid growth during the forecast period, with a projected compound annual growth rate (CAGR) of 65.3%. This growth is largely driven by the increasing number of working women, which has led to a higher demand for infant formula as a convenient feeding option that accommodates the needs and schedules of working mothers.
Milk Powder Market Segmentation by Function
The market categorizes milk powder based on its functions, including emulsification, foaming, flavoring, and thickening. Milk powder serves as a thickening agent in sauces, dairy drinks, yogurts, puddings, and baked goods, and as an emulsifier in salad dressings, meat emulsions, soups, sauces, and baked goods. Additionally, it acts as a foaming agent in the production of cakes, mousses, and ice creams.
Milk Powder Market Segmentation by Region
The Asia Pacific region leads the milk powder market due to changing lifestyles, with further growth expected during the projection period driven by globalization, a growing workforce, and increased internet and social media usage. Europe is also anticipated to see significant market growth, fueled by advancements in shipping and processing technologies, alongside lower transportation costs and the use of export subsidies. Geographically, the European Union stands out as a major player in the global milk powder market, contributing over a fifth of the world’s milk powder production. Additionally, New Zealand, China, the United States, and Brazil hold significant importance in this market.
Top Milk Powder International Companies Operating in Market
The provided list here identifies the leading Milk Powder companies based on market share reports from 2023 and 2024.
Nestlé S.A.
Nestle, the world’s largest food and beverage company, was established in 1866 in Switzerland. The company well known for its good quality chocolates and confectionery, also offers premium-quality milk powder, which is used to prepare numerous savories.
Danone S.A.
Danone S.A. established in 1919 in France, is a leading food and beverage company building on health-focused and fast-growing categories in numerous businesses, such as essential dairy and plant-based products, waters and specialized nutrition.
Lactalis Group
Established in 1933 in France, Lactalis Group is a global leader in the dairy industry and is present across various categories in the market. It is a major player in the chilled dairy and dairy ingredients, along with this, it offers cheese, butter, and cream.
Fonterra Co-operative Group Limited
Fonterra Co-operative Group Limited is a New Zealand multinational dairy co-operative established in 2001 and its farmer shareholders are the suppliers of milk to Fonterra in New Zealand. They produce safe and high-quality food, along with good quality dairy ingredients, including milk powder.
Royal FrieslandCamoina N.V.
Established in 1871, Royal FrieslandCamoina N.V. in Netherlands, is a global company offering milk and dairy products, such as milk powder. Other than this, the company offers cheese, yogurt, along with dairy nutrition for specific consumer groups, including toddlers and adults with specific requirements. It also provides food and pharmaceutical industries with ingredients for their own products.
Dairy Farmers of America
Dairy Farmers of America (DFA), established in 1998, is a major company offering numerous dairy related products, including milk powder, butter, cheese, and others. It consists of more than 12,500 diverse family farmers from across the country.
Arla Foods
Arla Foods is a company established in 1881 in Denmark, aiming to bring sustainable and healthy dairy products to individuals globally by transitioning toward sustainable dairy farming and production.
Kraft Heinz Company
Established in 2015, Kraft Heinz is one of the most renowned foods and beverage companies in United States. It offers several products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products.
Saputo Inc.
Saputo Inc. is a Canadian company, established in 1954, dealing in a variety of products, including cheeses such as mozzarella and cheddar, specialty cheeses such as ricotta, provolone, goat cheese, parmesan, feta and Havarti. It also produces milk powder, yogurt, cream, sour cream, fluid milk, butter, and others.
Parmalat S.p.A.
Italian company, Parmalat, established in 1961, offers milk products along with fruit-based drinks at a global level. Some of the best products offered by the company, include milk dairy products, such as milk powder, cheese, yogurt, cream-based sauce, desserts, and cheese and various food beverages.
Hiroland, Your Trusted Partner in Dairy Excellence
Established in 2022 in Turkey, Hiroland Company goes beyond merely providing ingredients; it sets a new industry standard. The company’s process involves meticulous selection of top-tier companies, knowledge transfer, comprehensive control over the production chain, and the manufacturing of ingredients with unparalleled quality and precision. Hiroland, as a trusted partner in the world of dairy and powdered milk products for the B2B sector, is your go-to supplier. The company’s extensive range of offerings is designed to meet every need, from cheese and milk powder to whey powder, casein, dairy fats, dairy liquids, protein concentrates, permeate, and lactose.
To have more detailed information, please refer to Hiroland Contact section.
Read More: Exploring the World of Milk Powders: A Comprehensive Comparison
Read More: The Global Milk Powder Market Report
