Milk Powder Market Size, Share, Industry Trends, Growth Factors and Forecast 2025-2033

IMARC Group, a leading market research company, has recently released a report titled "Milk Powder Market Report by Product Type (Whole Milk Powder, Skimmed Milk Powder), Function (Emulsification, Foaming, Flavouring, Thickening), Application (Infant Formula, Confectionery, Sports and Nutrition Foods, Bakery Products, Dry Mixes, Fermented Milk Products, Meat Products, and Others), and Region 2025-2033." The study provides a detailed analysis of the industry, including the global milk powder market share, size, trends and growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Milk Powder Market Highlights:

• Milk Powder Market Size: Valued at USD 36.5 Billion in 2024.
• Milk Powder Market Forecast: The market is expected to reach USD 58.4 billion by 2033, growing at an impressive rate of 5.4% annually.
• Market Growth: The milk powder market is experiencing robust growth driven by rising urbanization, expanding infant formula sector, and increasing health consciousness among consumers worldwide.
• Technology Integration: Advanced processing technologies and innovations in fortification are revolutionizing milk powder production, enhancing nutritional profiles and extending shelf life.
• Regional Leadership: The European Union commands the largest market share, driven by established dairy industries and strong export capabilities to global markets.
• Nutritional Focus: Growing awareness of protein-rich diets and dietary supplements is fueling demand for milk powder in sports nutrition and wellness products.
• Key Players: Industry leaders include Arla Foods, Fonterra Co-Operative Group, Nestlé, Danone, Lactalis Ingredients, and Gujarat Cooperative Milk Marketing Federation (Amul), which dominate the market with innovative product offerings.
• Market Challenges: Price volatility in raw milk, maintaining cold chain logistics in emerging markets, and addressing sustainability concerns present ongoing challenges.

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Our report includes:

• Market Dynamics
• Market Trends and Market Outlook
• Competitive Analysis
• Industry Segmentation
• Strategic Recommendations

Industry Trends and Drivers:

• Explosive Growth in Population and Urbanization:

Global cities expand at an unmatched rate this shifts how people consume dairy. The India Brand Equity Foundation shared information with others. During the period of January to September 2023, the domestic passenger traffic stood at 112.86 Million. This growth is 29.10% against 87.42 Million passengers in the same period of 2022. Urban consumers live inside small homes. With their busy lifestyles, they are considering milk powder a more convenient substitute for fresh milk. As cities grow, people demand products that last long without the need for refrigeration, which grows the milk powder market. Modern consumers expect products to promote health and to fit active lifestyles. Developers created different varieties of milk powder. People can store these powders for several months. The powders maintain both nutritional quality and flavor.

• Revolutionary Technology Integration and Product Innovation:

Globally, dairy manufacturers are looking at greater automation, advanced spray-drying technology, fortification, and improved packaging technology to increase product functionality. For example, Saputo developed skimmed milk powder grades in 2024 that are more mixable and reconstitutable in warmer climate conditions for application in Latin America, Africa, and Southeast Asian markets. This is one of the company's examples of technological innovations targeted at needs in specific geographical areas. A similar trend is noted during Nestl's 2024 4% organic sales growth, partially driven by innovation in its dairy business. Vitamins, minerals, probiotics, and prebiotics fortify milk powder. This fortification changes it from a generic commodity into a targeted functional food. It then gives specific health benefits to meet a given set of consumer health needs.

• Massive Government Support and Infrastructure Development:

Many countries have provided support on a large scale to develop the infrastructure of the dairy sector. For instance, NPDD from 2021-22 to 2025-26 in India is a program to establish and strengthen infrastructure with quality testing equipment and primary chilling centers. State Cooperative Dairy Federations, District Cooperative Milk Producers' Unions, and Farmer Producer Organizations across the country are other major beneficiaries under the scheme. The Dairy Processing and Infrastructure Development Fund seeks one objective. This effort seeks to improve milk processing plants and update value-added product facilities, so dairy cooperatives can stay competitive. In Europe, the European Commission offers public intervention for skimmed milk powder. The government assists with intervention for up to 109,000 tonnes/year of SMP and 50,000 tonnes of butter between February and September. It aids this by helping to maintain price stability and provide income support for dairy farmers. The size of these government programs provides ample opportunity for global milk powder producers and supply chains.

• Enhanced Nutritional Awareness Driving Demand:

Awareness of health parameters has changed consumer behavior, and the fitness boom in developed and developing nations has made milk powder a mainstream product in sports nutrition and dietary supplements. Easy availability of high-protein, high-calcium products in the market is expected to drive the growth of the whey protein market in the coming years. School midday meal schemes and fortified food programs for pregnant and nursing women are also strong drivers of institutional demand for milk powder. In places without refrigeration infrastructure (such as rural areas), milk powder can be a very good substitute for fresh milk because it can be safely stored for long durations. The expansion of the food processing industry is an important source of growth as manufacturers expand their use of milk powder as an ingredient in products such as bakery products, sauces and ready-meals to take advantage of the functional and nutritional properties.

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Milk Powder Market Report Segmentation:

Breakup by Product Type:

• Whole Milk Powder
• Skimmed Milk Powder

Whole milk powder dominates the market, remaining the preferred choice for consumers seeking richer flavor profiles and higher nutritional content, particularly fat-soluble vitamins and essential fatty acids.

Breakup by Function:

• Emulsification
• Foaming
• Flavouring
• Thickening

Emulsification leads as a critical function, as milk powder serves as a natural emulsifier in processed foods, sauces, and beverages, enhancing texture and stability.

Breakup by Application:

• Infant Formula
• Confectionery
• Sports and Nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products
• Others

Infant formula accounts for the largest application segment, reflecting the critical role milk powder plays in providing essential nutrition to infants worldwide, with manufacturers continuously innovating to match the nutritional profile of breast milk.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

The European Union leads the market, supported by its well-established dairy industries, stringent quality standards, and strong reputation for high-quality exports that are trusted globally.

Who are the key players operating in the industry?

The report covers the major market players including:

• Arla Foods amba
• Dairy Farmers of America, Inc.
• Danone S.A.
• Fonterra Co-Operative Group Limited
• HOCHDORF Swiss Nutrition AG
• Lactalis Ingredients
• Nestlé S.A.
• Olam International Limited
• Royal FrieslandCampina N.V.
• Saputo Inc.
• Schreiber Foods
• Westland Milk Products
• Gujarat Cooperative Milk Marketing Federation (Amul)

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