Global Non-Fat Dry Milk Market Report and Forecast 2024-2032

Global Non-Fat Dry Milk Market Outlook

The global non-fat dry milk market size reached approximately USD 9.21 billion in 2023. The market is further projected to grow at a CAGR of 3.3% between 2024 and 2032, reaching a value of USD 12.34 billion by 2032.

Key Trends in the Market

Non-fat dry milk is a dairy product manufactured by drying the milk into powder form and eliminating its fat content. It offers various health advantages to the consumer and has low moisture content. It increases the protein content of various dishes while enhancing their flavour and texture.

• Increased utilisation of non-fat dry milk in the baked goods including breads, cakes, cookies, muffins, and pancakes, among others is aiding the non-fat dry milk market growth. The dry milk offers various health advantages due to its non-fat nature of while enhancing the flavour and texture of the baked goods.

• The utilisation of non-fat dry milk across various food establishments is rising due to increased consumer demand owing to the growing awareness about their high nutrition content. The dry milk has a high potassium, protein, and riboflavin content, enhancing the taste and nutritional value of various dishes.

• Flavour innovations by the major market players are anticipated to offer lucrative growth opportunities to the market. Other advantages offered by non-fat dry milk include easy handling, storage, and transportation.

Global Non-Fat Dry Milk Market Analysis

On the basis of type, the market is divided into high heat, medium heat, and low heat. Based on end-use, the market is bifurcated into residential and commercial. On the basis of distribution channel, the market is classified into offline and online. Based on region, the non-fat dry milk market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Nestlé S.A. 

• NOW Health Group, Inc. 

• All American Foods Inc. 

• Augason Farms

• Bluegrass Ingredients, Inc. 

• California Dairies, Inc. 

• Bob's Red Mill Natural Foods, Inc. 

• HOCHDORF Holding Ltd

• Target Corporation (Good & Gather) 

• Other

Market Share by Distribution Channel

Online distribution channels are expected to account for a significant non-fat dry milk market share owing to the availability of home delivery, large discounts, and presence of different brands. Moreover, shopping across online distribution channels eliminates the hassle of waiting in long queues for checking out. The longer opening hours provides convenience to the working professionals who might be too occupied during the day by allowing them to shop for non-fat dry milk at any time of the day.

Market Share by Region

North America is anticipated to account for a significant share of the market owing to the strong presence of various major market players in the region. The non-fat dry milk market demand is also increasing due to its versatile nature and several applications of the product in food and beverages sector. Increased incorporation of non-fat and low-fat products in diets due to rising health consciousness is further supporting the market expansion in North America.

Competitive Landscape

Nestlé S.A. was founded in 1866 and is headquartered in Vaud, Switzerland. The food and beverage manufacturing company specialises in production of non-fat dry milk, soft drinks, infant nutrition, and frozen food, among others.

NOW Health Group, Inc. is involved in the distribution and manufacture of natural foods, dietary supplements, non-fat dry milk, personal care products, and sports nutrition. The company was founded in 1968 and is headquartered in Illinois, United States.

All American Foods Inc. is one of the leading manufacturers of non-dairy and dairy food ingredients, including non-fat dry milk for human consumption. The company was founded in 1987 and is headquartered in Minnesota, United States.

Other non-fat dry milk market key players include Augason Farms, Bluegrass Ingredients, Inc., California Dairies, Inc., Bob's Red Mill Natural Foods, Inc., HOCHDORF Holding Ltd, and Target Corporation (Good & Gather), among others.

Key Highlights of the Report