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Report Overview
The global whole milk powder market attained a volume of 6.38 million tons in 2024, growing at CAGR of 3.1% between 2025 and 2034.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Whole Milk Powder Market Analysis
The major factors driving the growth of the whole milk powder industry are the impressive functional properties of the product and the ease of transportation. The large number of functional properties, including hydration, colour emulsification, foaming and thickening, and dispersibility, is contributing to its increased utilisation in various food and beverage applications. It finds applications in the manufacturing of bakery products, breakfast cereals, chocolates, coffee whiteners, dairy-based deserts, milkshakes, soups and sauces, and toffees. In comparison to milk, whole milk powder is easy to handle and does not possess the threat of spillage during its transportation over long distances. Other factors such as longer shelf-life of the product, its utilisation in the preparation of recombined milk, thriving food-manufacturing industry, and increasing global population are driving the overall product demand.
Moreover, the growth of the retail sector is boosting the product sales. The growing popularity of online platforms allows consumers to make hassle-free purchases. Also, the extensive promotional activities conducted by the key players have been able to capture consumers' attention, thus, aiding the industry further.
The growing demand for premium products and the growing penetration of key players in both developed and developing nations is significantly contributing to the industry growth. Over the forecast period, constant product innovations and the launch of a new range of whole milk powder like lactose-free variants are expected to aid the industry growth.
Whole Milk Powder Market Report Snapshots
Whole Milk Powder Market Analysis
*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
In 2023, the global whole milk powder market attained a volume of nearly 6.38 million metric tons.
The market is projected to grow at a CAGR of 3.1% between 2024 and 2032.
The major drivers of the market are rising disposable incomes, thriving retail sector, growing shift towards dairy products, increased focus on food fortification, longer shelf life of the product, and growing technological advancements.
The key trends guiding the growth of the market include the launch of lactose-free whole milk powder variants with enhanced functional properties and the ease of availability.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Dairy, infant formula, bakery, and confectionery are the major end uses of whole milk powder in the market.
The major players in the market are Lactalis International, Nestle SA, Dairy Farmers of America, Danone SA, and Fonterra Co-operative Group, 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