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Report Overview
The global milk powder market is expected to grow at a CAGR of around 3.80% in the forecast period of 2025-2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Milk Powder Market Size
The global milk powder market expanded at a CAGR of around 3.8% in the historical period of 2018-2023. The market is further estimated to witness a healthy growth in the forecast period of 2024-2032.
Milk Powder Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The major drivers of the market include the longer shelf life, presence of several nutrients, development of flavoured milk powder, increase in working population, increase in the consumption of processed and packaged food, and changes in consumer work and lifestyles.
The convenience in storage and transportation of milk powder and an increase in the use of milk powder in infant foods are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
On the basis of the product type, the global market for milk powder has been segmented as skimmed milk powder and whole milk powder, among others.
The major applications include infant formula, confectionery, sports and nutrition foods, bakery products, dry mixes, and fermented milk products, among others.
Emulsification, foaming, flavouring, and thickening, among others are the functions of the milk powder.
The major players in the industry are Nestle S.A., Danone S.A., Lactalis, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Saputo Inc., and Arla Foods Amba, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124