The Milk Powder Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Milk Powder Market?
The historical growth trend in the Milk Powder Global Market Report 2025 shows a robust increase in the market size, rising from $38.92 billion in 2024 to $42.16 billion in 2025. This represents a compound annual growth rate (CAGR) of 8.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Milk Powder Industry?
The Milk Powder Global Market is projected to reach a value of $57.44 billion in 2029, experiencing a compound annual growth rate (CAGR) of 8.0%.
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What are the Key Growth Drivers Fueling the Milk Powder Market?
The key drivers in the milk powder market are:
• Growing demand for convenient dairy alternatives
• Increased use in sports and nutritional supplements
• Rising popularity of ready-to-eat and processed foods
• Expanding retail and e-commerce channels and focus on food security and storage efficiency
Global Market Segmentation: Identifying Major Milk Powder Industry Segments
The milk powder market covered in this report is segmented –
1) By Type: Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk 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
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What are the Emerging Trends Shaping the Future of the Milk Powder Market?
The key trends in the milk powder market are:
• There's a rising trend towards the advancement of spray drying technologies.
• Advanced packaging solutions aimed at extending the shelf life are increasingly popular.
• There's a growing trend in innovating dairy-based nutritional products.
• The use of organic and clean-label ingredients and the development of lactose-free and specialized milk powders are emerging market trends.
Who Are the Top Competitors & Leading Players in the Milk Powder Market?
Major players 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.
Regional Dominance: Which Area Leads the Global Milk Powder Market?
Asia-Pacific was the largest region in the milk powder market in 2024
