Global Milk Powder Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Milk Powder Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Filled Milk Powder, and Others), Application (Nutritional Foods, Infant Formula, Confectionery, Baked Sweets, Savories, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Milk Powder Market was valued at USD 33,152.1 million in 2023 and is expected to reach USD 48,608.8 million by 2031 while growing at a CAGR of 4.9% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global milk powder market growth. Milk powder, or powdered milk, is created by evaporating fresh milk to eliminate moisture, yielding a dry powder. This process includes pasteurization to remove water, resulting in powdered form.
The milk powder market is growing due to increased demand for convenience foods and expanded applications in food processing. However, obstacles such as fluctuating milk prices and health and safety concerns could hinder market expansion.
Furthermore, the global milk powder industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Milk Powder Market is segmented among Whole Milk Powder, Skimmed Milk Powder, Dairy Whitener, Buttermilk Powder, Fat Filled Milk Powder, and Others, based on Type. In 2023, Whole Milk Powder accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Milk Powder Market is segmented among Nutritional Foods, Infant Formula, Confectionery, Baked Sweets, Savories, and Others, based on Application. In 2023, Confectionery accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Milk Powder Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, and is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Groupe Lactalis, Dairy Farmers of America inc., Saputo Inc., Schreiber Foods Inc., Royal FrieslandCampina N.V., Arla Foods Amba, Danone S.A., Fonterra Co.operative Group Limited, The Kraft heinz Company, Nestle S.A, and Essona Organics.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Milk Powder Market Dynamics
Drivers
Restraints
Opportunity
4. Global Milk Powder Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Milk Powder Market Segmentation, By Type
Global Milk Powder Market Share Analysis, By Type
Global Milk Powder Market Growth Analysis, By Type
Global Milk Powder Market Trends, By Type
o Whole Milk Powder
o Skimmed Milk Powder
o Dairy Whitener
o Buttermilk Powder
o Fat Filled Milk Powder
o Others
6. Global Milk Powder Market Segmentation, By Application
Global Milk Powder Market Share Analysis, By Application
Global Milk Powder Market Growth Analysis, By Application
Global Milk Powder Market Trends, By Application
o Nutritional Foods
o Infant Formula
o Confectionery
o Baked Sweets
o Savories
o Others
7. Global Milk Powder Market Segmentation, By Region
Global Milk Powder Market Share Analysis, By Region
Global Milk Powder Market Growth Analysis, By Region
Global Milk Powder Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
Groupe Lactalis*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Dairy Farmers of America inc.
Saputo Inc.
Schreiber Foods Inc.
Royal FrieslandCampina N.V.
Arla Foods Amba
Danone S.A.
Fonterra Co.operative Group Limited
The Kraft heinz Company
Nestle S.A
Essona Organics
*Similar analysis will be provided for each company listed above.
