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How Large Will the Milk Powder Market Size By 2025?
Recently, the milk powder market has been demonstrating robust growth. It is predicted to expand from $38.92 billion in 2024 to $42.16 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.3%. This significant growth during the historical timeframe can be credited to several factors, including a surging demand for infant nutrition, increasing health awareness amongst consumers, greater necessity for extended shelf-life of dairy products, escalating urbanization and busy life schedules, and an increased utilization of milk powder in the food and beverage sector.

How Big Is the Milk Powder Market Size Expected to Grow by 2029?
In the coming years, the milk powder market is predicted to experience robust growth. By 2029, its value is forecasted to reach $57.44 billion, with an 8.0% compound annual growth rate (CAGR). This growth, projected for the forecast period, is linked to the mounting demand for handy dairy substitutes, a rise in their use in sports and s, increasing popularity of processed and ready-to-eat foods, growth of retail and online shopping channels, and amplified attention on food safety and storage effectiveness. Notable trends for the forecast period encompass improvements in spray drying technologies, state-of-the-art packaging to prolong shelf life, dairy-based products' novelty, amalgamation of organic and clean-label components, and the development of lactose-free and specialized milk powders.

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Which Key Market Drivers Powering Milk Powder Market Expansion and Growth?
The growth of the milk powder market is projected to be driven by the expanding dairy industry. The dairy sector, which includes the production, processing, and distribution of milk and milk-based products, is witnessing rapid growth due to increased global demand for easy-to-store and long-lasting dairy items suitable for fast lifestyles. Milk powder plays an important role in the dairy sector as it offers easy storage, long shelf life, and an easy-to-transport alternative to liquid milk, thus promoting product longevity and global reach. This flexibility in production also satisfies consumers' need for convenient and longer-lasting dairy options. As an example, the National Agricultural Statistics Service (NASS), a government agency in the US, asserted that total cheese production escalated to $1,556.94 billion (£1,225,783 million) in March 2025 from $1,534.96 billion (£1,209,415 million) in March 2024. Thus, the dairy industry's continued growth is contributing to the advancement of the milk powder market.

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Which Fast-Growing Trends Are Poised to Disrupt the Milk Powder Market?
Major players in the milk powder market are focusing their efforts on introducing innovative products such as instant milk powder, in a bid to improve convenience, affordability, and nutritional contents. Instant milk powder is special because it dissolves rapidly and retains key nutrients, making it more soluble than regular milk powders. For example, October 2023 saw Nestlé, a food and beverage corporation from Switzerland, unveil its Nido Milk & Soya instant powder mix. This product employs microencapsulation technology to avoid lumping and to dissolve quickly in cold water. It is enriched with vitamins A and D, and iron, all of which help to fight malnutrition. Specifically designed for the nutritional demands of children and families in Central and West Africa, the Nido Milk & Soya product merges the benefits of milk and plant-based soya, delivering vital nutrients such as protein, iron, and calcium in a convenient instant powder format.

What Are the Emerging Segments in the Milk Powder Market?
The milk powder market covered in this report is segmented -

1) By Type: Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, ermilk Powder, Fat Filled Milk Powder, Other Types
2) By Function: Emulsification, Foaming, Flavouring, Thickening
3) By Application: Infant Formula, Confectionery, Sports and Nutrition Foods, Bakery Products, Dry Mixes, Fermented Milk Products, Meat Products, Other Applications

Subsegments:
1) By Whole Milk Powder: Organic Whole Milk Powder, Non-Organic Whole Milk Powder, Instant Whole Milk Powder, Non-Instant Whole Milk Powder
2) By Skimmed Milk Powder: Organic Skimmed Milk Powder, Non-Organic Skimmed Milk Powder, Instant Skimmed Milk Powder, Non-Instant Skimmed Milk Powder
3) By Dairy Whitener: Spray-Dried Dairy Whitener, Roller-Dried Dairy Whitener, Instant Dairy Whitener, Non-Instant Dairy Whitener
4) By ermilk Powder: Cultured ermilk Powder, Sweet ermilk Powder, Instant ermilk Powder, Non-Instant ermilk Powder
5) By Fat Filled Milk Powder: Vegetable Fat Filled Milk Powder, Animal Fat Filled Milk Powder, Blended Fat Filled Milk Powder, Instant Fat Filled Milk Powder
6) By Other Types: Infant Milk Powder, Lactose-Free Milk Powder, Flavored Milk Powder, Whey-Added Milk Powder

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Who Are the Global Leaders in the Milk Powder Market?
Major Companies operating in the milk powder market are Nestlé S.A., Abbott Laboratories, Lactalis Group, Danone S.A., Dairy Farmers of America Inc., Inner Mongolia Yili Industrial Group Co. Ltd., Land O'Lakes Inc., Arla Foods Amba, Fonterra Co-operative Group Limited, China Mengniu Dairy Company Limited, Saputo Inc., Royal FrieslandCampina N.V., Schreiber Foods Inc., Glanbia Public Limited Company, Almarai Company, Morinaga Milk Industry Co. Ltd., Bel Group, Feihe International Inc., Vietnam Dairy Products Joint Stock Company (Vinamilk), Mother Dairy Fruit & Vegetable Pvt. Ltd., Hatsun Agro Product Limited, Parag Milk Foods Limited, Agri-Mark Inc., California Dairies Inc.

Which are the Top Profitable Regional Markets for the Milk Powder Industry?
Asia-Pacific was the largest region in the milk powder market in 2024. The regions covered in the milk powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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