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Global Milk Powder Market – Industry Trends and Forecast to 2030

Food & Beverage

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Global Milk Powder Market – Industry Trends and Forecast to 2030

  • Food & Beverage
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Milk Powder Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 35.17 USD Billion
Diagram Market Size (Forecast Year) USD 48.51 USD Billion
Diagram CAGR %

Major Markets Players

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Global Milk Powder Market, By Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder), End Use (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Household, Foodservice Industry and Others), Distribution Channel (Business to Business, Business to Consumer) – Industry Trends and Forecast to 2030.

Milk Powder Market

Milk Powder Market Analysis and Size

The demand for milk powder has been on the rise, driven by various factors that include convenience, extended shelf life, and ease of storage. As a popular dairy product, milk powder serves as a versatile ingredient in a wide range of culinary applications and is a convenient option for those who may not have access to fresh milk regularly. In addition, it caters to consumers seeking longer shelf life without compromising nutritional value. The convenience of reconstituting milk from powder form also appeals to busy lifestyles. Moreover, the global market for milk powder is influenced by the growing population, urbanization, and changing dietary habits, making it a key driver for the global milk powder market's continued growth.

Data Bridge Market Research analyses that the global milk powder market which was USD 35.17 billion in 2022, is expected to reach USD 48.51 billion by 2030, and is expected to undergo a CAGR of 4.10% during the forecast period of 2023 to 2030. “Whole milk powder” dominates the type segment of the global milk powder market as it offers a complete nutritional profile as it contains both the milk fat and solids, providing a rich source of essential nutrients such as protein, calcium, and vitamins. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Milk Powder Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat-Filled Milk Powder, and Other Milk Powder), End Use (Nutritional Food, Infant Formulas, Confectionaries, Baked Sweets, Savories, Household, Foodservice Industry and Others), Distribution Channel (Business to Business, Business to Consumer)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Market Players Covered

Fonterra Co-operative Group (New Zealand), Nestlé (Switzerland), Arla Foods amba (Denmark), China Mengniu Dairy Company Limited (China), Dairy Farmers of America Inc. (U.S.), Land O'Lakes, Inc. (U.S.), MORINAGA MILK INDUSTRY CO., LTD. (Japan), Ausnutria Dairy Corporation Ltd. (Netherlands), Parmalat S.p.A. (Italy), Sodiaal (France), Synlait Ltd. (New Zealand), Schreiber Foods (U.S.), Saputo Inc. (Canada), Milkfood Limited (India), Freddy Baines n.v. (Belgium), Kaskat (Poland), Param Dairy Limited (India), Medallion Milk (Canada), Lakeland Dairies (Ireland), Interfood Holding B.V. (Netherlands), Nova Dairy (India), Alban Company Qatar (Qatar)

Market Opportunities

  • Growth in the deployment of advanced technologies
  • High cost of raw material
  • Rising research and development opportunities

Market Definition

Milk powder, also known as powdered milk or dried milk, is a dairy product obtained by evaporating the liquid content of milk to remove the water. The resulting powder consists of the milk solids, including proteins, lactose, minerals, and vitamins. This dehydration process extends the shelf life of the product and makes it more convenient for storage and transportation.

Global Milk Powder Market Dynamics

Drivers

  • Long Shelf Life and Convenience

One of the key drivers of the global milk powder market is the extended shelf life and convenience that powdered milk offers. It is easier to store and transport compared to liquid milk. The milk powder market has experienced substantial growth, primarily attributable to its advantageous features of extended shelf life and convenience. The process of removing moisture from liquid milk during production renders milk powder resistant to spoilage, granting it a prolonged shelf life. Efficient packaging further contributes to the preservation of quality by preventing the entry of moisture and contaminants.

  • Rising Demand in Developing Markets

Increasing urbanization, changing lifestyles, and a growing population in developing markets contribute to a rising demand for convenient and long-lasting dairy products such as milk powder. The global milk powder market has witnessed a surge in demand, particularly in developing markets, reflecting changing consumer preferences and evolving economic landscapes. This upward trajectory can be attributed to several key factors. Firstly, as developing economies experience increased urbanization, there is a growing need for products that offer convenience and longer shelf life.

Opportunities

  • Innovation in Product Offerings

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. Notably, manufacturers have diversified their portfolios with fortified varieties, enriching milk powders with additional vitamins and minerals to meet the demands of health-conscious consumers.

  • Growing Health and Wellness Trends

The rising awareness of health and wellness is an opportunity to market milk powder as a source of essential nutrients, promoting its consumption as a part of a healthy diet. The global milk powder market is experiencing a significant impact from the growing health and wellness trends, as consumers increasingly prioritize nutritional value, functional ingredients, and dietary preferences. Health-conscious choices are driving several key developments in the industry.

Restraints/Challenges

  • Concerns Regarding Lactose Intolerance

Some consumers may be lactose intolerant, limiting their ability to consume traditional milk powder. This creates a market restraint, necessitating the development of lactose-free or reduced-lactose options. Lactose intolerance concerns have become a significant 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. In response to this prevalent concern, the milk powder market has witnessed notable shifts and adaptations.

  • Competition from Dairy Alternatives

The increasing popularity of dairy alternatives, such as plant-based milk substitutes, poses a challenge to the traditional global milk powder market, especially among consumers seeking non-dairy options. Adhering to manufacturer guidelines and working with experienced HVAC professionals can provide valuable insights and ensure proper maintenance practices are followed. Also, the lack of favorable reimbursement scenarios and technology penetration in the developing economies, heavy custom duty imposed on medical devices, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2023-2030.

This global milk powder market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global milk powder market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In March 2023, Dairy Farmers of America announced partnership with Good Culture in order to expand its probiotic milk products portfolio
  • In January 2023, Dairy Farmers of America (DFA) announced the acquisition of two extended shelf-life (ESL) processing facilities from SmithFoods

Global Milk Powder Market Scope

The global milk powder market is segmented on the basis of product type, distribution channel, digital sensor type, component and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Whole Milk Powder
  • Skimmed Milk Powder
  • Dairy Whitener
  • Buttermilk Powder
  • Fat-Filled Milk Powder
  • Other Milk Powder

End Use

  • Nutritional Food
  • Infant Formulas
  • Confectionaries
  • Baked Sweets
  • Savories
  • Household
  • Foodservice Industry
  • Others

Distribution channel

  • Business to Business
  • Business to Consumer

Global Milk Powder Market Regional Analysis/Insights

The global Milk powder market is analysed and market size insights and trends are provided by country, type, end use and distribution channel as referenced above.

The countries covered in the global milk powder market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and Rest of Middle East and Africa

Asia-Pacific dominates the global milk powder market as this region because of the changing of lifestyles and huge global population staying in this region.

Europe is expected to witness significant growth in the global milk powder market during the forecast period of 2023 to 2030, because of the developments in the processing and shipping technology. Moreover, the reduction in the transportation costs and the use of export subsidies is further anticipated to propel the growth of the milk powder market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Milk Powder Market Share Analysis

The global milk powder market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the global milk powder market.

Some of the major players operating in the global milk powder market are:

  • Fonterra Co-operative Group (New Zealand)
  • Nestlé (Switzerland)
  • Arla Foods amba (Denmark)
  • China Mengniu Dairy Company Limited (China)
  • Dairy Farmers of America Inc. (U.S.)
  • Land O'Lakes, Inc. (U.S.)
  • MORINAGA MILK INDUSTRY CO., LTD. (Japan)
  • Ausnutria Dairy Corporation Ltd. (Netherlands)
  • Parmalat S.p.A. (Italy)
  • Sodiaal (France)
  • Synlait Ltd. (New Zealand)
  • Schreiber Foods (U.S.)
  • Saputo Inc. (Canada)
  • Milkfood Limited (India)
  • Freddy Baines n.v. (Belgium)
  • Kaskat (Poland)
  • Param Dairy Limited (India)
  • Medallion Milk (Canada)
  • Lakeland Dairies (Ireland)
  • Interfood Holding B.V. (Netherlands)
  • Nova Dairy (India)
  • Alban Company Qatar (Qatar)


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FREQUENTLY ASK QUESTIONS

The milk powder market size will be worth USD 48.51 billion by 2030.
The growth rate of the milk powder market is 4.10% in the forecast period by 2030.
Long shelf life and convenience & rising demand in developing markets are the growth drivers of the milk powder market.
Product type, distribution channel, digital sensor type, component, and end-user are the factors on which the milk powder market research is based.
Major companies in the milk powder market are Fonterra Co-operative Group (New Zealand), Nestlé (Switzerland), Arla Foods amba (Denmark), China Mengniu Dairy Company Limited (China), Dairy Farmers of America Inc. (U.S.), Land O'Lakes, Inc. (U.S.), MORINAGA MILK INDUSTRY CO., LTD. (Japan), Ausnutria Dairy Corporation Ltd. (Netherlands), Parmalat S.p.A. (Italy), Sodiaal (France), Synlait Ltd. (New Zealand), Schreiber Foods (U.S.), Saputo Inc. (Canada), Milkfood Limited (India), Freddy Baines n.v. (Belgium), Kaskat (Poland), Param Dairy Limited (India), Medallion Milk (Canada), Lakeland Dairies (Ireland), Interfood Holding B.V. (Netherlands), Nova Dairy (India), Alban Company Qatar (Qatar)
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