Australia Milk Powder Market Report and Forecast 2024-2032

Australia Milk Powder Market Outlook

The Australia milk powder market size is projected to grow at a CAGR of 2.76% between 2024 and 2032.

Key Takeaways:

• According to USDA, milk production in Australia is expected to grow by 0.6% in 2024 and will reach around 8.50 MMT.

• Further, consumption of milk for factory use in Australia is expected to reach 5.847 MMT, in 2024.

• According to ABS, in 2021-2022, the Australian cities witnessed a population growth of 205,400 people.

Rising disposable income, growing middle-class population, along with increased awareness of potential benefits related to milk powder is driving the demand across Australia milk powder market

Australia milk powder demand is driven by a growing middle-class population. With increasing disposable income, the demand for premium products like whole milk powder and skim milk powder increases. Health-conscious customers are also driving the trend, seeking out these options for their perceived nutritional benefits.

Further, milk powder offers a longer shelf life compared to fresh milk, making it ideal for pantry stockings and emergencies. Its convenience factor also appeals to busy households and those living in remote areas. Along with increasing urbanisation and busy work schedules, customers prefer opting for convenience food options over fresh milk. Aided by its diversified uses including baked items, soups and sauces, among others, the demand for milk powder in Australia is expected to witness a significant growth in the forecast period.

Milk powder is gaining popularity for several reasons. Advancements in drying technology help lock in essential nutrients, making it a nutritious option even in its powdered form.  Second, its low-fat content appeals to people looking to manage weight or improve heart health. Further, athletes are drawn to its rich source of complete proteins, ideal for building and maintaining lean muscle mass. These factors can contribute to a rise in milk powder consumption in Australia.

According to Dairy Australia, skim milk powder and butter milk powder accounted for 23% of overall milk utilisation in Australia, while whole milk powder accounted for 6%, during the year 2017-2018.

Market Segmentation

Australia Milk Powder Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Dairy Milk Powder

• Non-Dairy Milk Powder

Market Breakup by Application

• Infant Formula

• Bakery and Confectionary

• Nutritional Food

• Others

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Convenience Stores

• Online

• Others

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia milk powder market key players are Tatura Milk Industries Pty. Ltd., Blue Lake Dairy Group Pty Ltd., Nzac Foods, Bubs Australia Ltd., and Burra Foods Pty Ltd., among others.

Key Highlights of the Report