Milk Powder Market Report 2026

Milk Powder Market Overview

• milk Powder market size has reached to $42.16 billion in 2025 • Expected to grow to $61.92 billion in 2030 at a compound annual growth rate (CAGR) of 7.9% • Growth Driver: Expansion Of The Dairy Industry Fueling The Growth Of The Market Due To Rising Demand For Shelf-Stable And Convenient Dairy Products • Market Trend: Advancements In Instant Milk Powder For Enhanced Nutrition And Convenience • Asia-Pacific was the largest region in 2025.

What Is Covered Under Milk Powder Market?

Milk powder, also known as dried milk, is a dairy product that evaporates milk to remove nearly all its moisture content, resulting in a dry, powdery substance. This process helps preserve the milk and extends its shelf life without refrigeration. Milk powder retains most of the nutritional properties of liquid milk, including proteins, vitamins, and minerals, and can be reconstituted with water for use as a milk substitute. The main types of milk powder include whole milk powder, skimmed milk powder, dairy whitener, buttermilk powder, fat filled milk powder and others. Whole milk powder refers to a dairy product made by removing moisture from whole milk, retaining its fat content and nutritional value. It is categorized by functions into emulsification, foaming and flavoring, and thickening and is applied in infant formula, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products, and others.

What Is The Milk Powder Market Growth Forecast?

The milk powder market size is expected to see strong growth in the next few years. It will grow to $61.92 billion in 2030 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to growing consumer preference for organic and lactose-free milk powders, increasing demand for high-protein whey and functional dairy powders, expansion of infant nutrition markets in emerging economies boosting premium milk powder sales, rising use of milk powders in meal replacements and sports nutrition products, continued innovation in drying technologies improving product quality and energy efficiency. Major trends in the forecast period include rising demand for infant formula and pediatric nutrition powders, expansion of lactose-free and specialty dietary milk powders, growing preference for organic and clean-label milk powders, increased use of milk powders in sports nutrition and functional foods, geographic shift toward emerging markets for milk powder consumption.

Global Milk Powder Market Segmentation

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 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 Buttermilk Powder: Cultured Buttermilk Powder, Sweet Buttermilk Powder, Instant Buttermilk Powder, Non-Instant Buttermilk 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

What Is Driver Of The Milk Powder Market?

The expansion of the dairy industry is expected to propel the growth of the milk powder market going forward. The dairy industry refers to the agriculture sector involved in producing, processing, and distributing milk and milk-based products. The expansion of the dairy industry is due to rising global demand for convenient and shelf-stable dairy products, as they offer longer shelf life, easy storage, and suitability for fast-paced lifestyles. Milk powder aids the dairy industry by providing a shelf-stable, easy-to-transport alternative to liquid milk, supporting extended product availability and global distribution. It enhances production flexibility and meets consumer demand for convenient, long-lasting dairy options. For instance, in May 2025, according to the National Agricultural Statistics Service (NASS), a US-based government agency, total cheese production reached $1,556.94 billion (£1,225,783 million) in March 2025, an increase from $1,534.96 billion (£1,209,415 million) in March 2024. Therefore, the expansion of the dairy industry is driving the growth of the milk powder industry.

Key Players In The Global 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.

Global Milk Powder Market Trends and Insights

Major companies operating in the milk powder market are focusing on developing innovative products, such as instant milk powder, to enhance convenience, affordability, and nutritional value. Instant milk powder is a dairy product that dissolves quickly and preserves key nutrients, making it more soluble than typical milk powders. For instance, in October 2023, Nestlé, a Switzerland-based food and beverage company, launched Nido Milk & Soya instant powder mix. The product uses microencapsulation technology to prevent clumping and dissolve instantly in cold water. It is fortified with vitamins A and D and iron to help combat malnutrition. Nido Milk & Soya is specifically formulated to cater to the nutritional needs of children and families in Central and West Africa. It combines the goodness of milk and plant-based soy, delivering essential nutrients like protein, iron, and calcium in a convenient instant powder format.

What Are Latest Mergers And Acquisitions In The Milk Powder Market? Müller Strengthens UK Dairy Industry With Yew Tree Acquisition

In June 2024, Müller Milk & Ingredients, a UK-based dairy company, acquired Yew Tree Dairy for an undisclosed amount. With this acquisition, Müller aims to boost its milk powder production and export capacity by utilizing Yew Tree Dairy’s facilities in Skelmersdale, while investing to strengthen the UK dairy industry’s future. Yew Tree Dairy is a UK-based dairy processing company specializing in milk powder production.

Regional Insights

Asia-Pacific was the largest region in the milk powder market in 2025. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

What Defines the Milk Powder Market?

The milk powder market consists of sales of goat milk powder, organic milk powder, non-fat dry milk, sweetened condensed milk powder, lactose-free milk powder, infant formula milk powder, and whey protein concentrate powder. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Milk Powder Market Report 2026?

The milk powder market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the milk powder industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.