Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

$ 1499


The global milk powder market reached a volume of 10 Million Tons in 2017. The market volume is further projected to reach 13 Million Tons by 2023, at a CAGR of 4% during 2018-2023. Milk powder is manufactured by dehydrating fluid milk in order to increase its shelf-life. It has a similar nutrient profile as fluid milk, consisting of thiamine, proteins, vitamin C and B12, etc. Apart from recombination and reconstitution, milk powder is also utilized for its functional properties in several value-added foods such as confectionery, bakery and meat products. In recent years, the demand for milk powder has increased as a number of countries have been unable to meet their rising milk demand and rely on imported milk which is generally procured in the form of milk powder.

Global Milk Powder Market Drivers/Constraints:

  • Powdered milk has a longer shelf-life than liquid milk due to the presence of low moisture content. Owing to this, it can be easily stored at ambient temperatures, transported to remote locations without proper cold chain infrastructure, and used at times when milk production is low.
  • As milk powder has diversified applications in the food and beverage industry, the sustained growth of this industry has been proactive in stimulating its demand, particularly in the emerging regions such as China, India, Brazil, etc.
  • Milk powder offers the same nutritional value as regular milk, owing to which, it is used in sports nutrition products including nutrition bars and beverages. The increasing demand for these products, driven by growing fitness consciousness, has been catalyzing the milk powder market.
  • The governments of various nations have laid down stringent policies on taxation, duty structures, subsidies and export/import of milk powder which can have major implications on the bottom lines of milk powder producers and hinder the market growth.


Milk Powder Market Report

Breakup by Product Type:

On the basis of type, the market has been bifurcated into whole milk powder and skim milk powder. Amongst these, whole milk powder is the most popular product type and represents a commonly used ingredient in the food industry.

Breakup by Function:

Based on function, the market has been segregated into emulsification, foaming, flavoring and thickening. Milk powder is used for emulsification in salad dressings, meat emulsions, soups, sauces, dairy beverages and baked goods; as foaming agent in the preparation of cakes, mousses and ice creams; as a flavoring agent in baked goods; and thickening agent in sauces, dairy beverages, yogurts, puddings and baked goods.

Breakup by Application:

Based on application, confectionery dominates the global milk powder market, wherein milk powder is used in the production of malted milk, nougat centers, caramel confections, milk chocolates, soft sweets and various confection coatings. Other major application segments include infant formula, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.

Regional Insights:

On a geographical front, the European Union is the largest producer of milk powder worldwide and accounts for more than a fifth of the total global share. Other major regions are New Zealand, China, United States and Brazil.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

  • Nestlé
  • Danone
  • Lactalis
  • Fonterra
  • Friesland Campina
  • Dean Foods
  • Arla Foods
  • Dairy Farmers of America
  • Kraft Foods
  • Saputo
  • Parmalat


This report provides a deep insight into the global milk powder industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a milk powder manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the milk powder industry in any manner.

Key Questions Answered in This Report:

  • How has the global milk powder market performed so far and how will it perform in the coming years?
  • What are the key regions in the global milk powder market?
  • Which are the popular product types in the global milk powder market?
  • What are the major functions in the global milk powder market?
  • What are the various application segments in the global milk powder market?
  • What are the price trends of milk powder?
  • What are the various stages in the value chain of the global milk powder market?
  • What are the various stages in the value chain of the milk powder industry?
  • What are the key driving factors and challenges in the milk powder industry?
  • What is the structure of the milk powder industry and who are the key players?
  • What is the degree of competition in the milk powder industry?
  • What are the profit margins in the milk powder industry?
  • What are the key requirements for setting up a milk powder manufacturing plant?
  • How is milk powder manufactured?
  • What are the various unit operations involved in a milk powder plant?
  • What is the total size of land required for setting up a milk powder plant?
  • What are the machinery requirements for setting up a milk powder plant?
  • What are the raw material requirements for setting up a milk powder plant?
  • What are the packaging requirements for milk powder?
  • What are the transportation requirements for milk powder?
  • What are the utility requirements for setting up a milk powder plant?
  • What are the manpower requirements for setting up a milk powder plant?
  • What are the infrastructure costs for setting up a milk powder plant?
  • What are the capital costs for setting up a milk powder plant?
  • What are the operating costs for setting up a milk powder plant?
  • What will be the income and expenditures for a milk powder plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Milk Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1     Production Volume Trends
        5.2.2     Consumption Volume Trends
    5.3    Price Trends
    5.4    Market Breakup by Region
    5.5    Market Forecast
6    Global Milk Powder Industry
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Production Volume Trends
        6.2.2    Production Value Trends
    6.3    Price Analysis
        6.3.1    Price Indicators
        6.3.2    Price Structure
        6.3.3    Price Trends
    6.4    Market Breakup by Product Type
    6.5    Market Breakup by Function
    6.6    Market Breakup by Application
    6.7    Market Breakup by Region
    6.8    Market Forecast
    6.9    SWOT Analysis
        6.9.1    Strengths
        6.9.2    Weaknesses
        6.9.3    Opportunities
        6.9.4    Threats
    6.10    Value Chain Analysis
        6.10.1    Raw Material Procurement
        6.10.2    Manufacturing
        6.10.3    Marketing
        6.10.4    Distribution
        6.10.5    Exports
        6.10.6    End-Use
    6.11    Porter’s Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Competition
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
    6.12    Key Success Factors and Risk Factors
7    Market Breakup by Product Type
    7.1    Whole Milk Powder
    7.2    Skimmed Milk Powder
    7.3    Dairy Whitener
8    Market Breakup by Function
    8.1    Emulsification  
    8.2    Foaming    
    8.3    Flavouring    
    8.4    Thickening  
9    Market Breakup by Application
    9.1    Infant Formula    
    9.2    Confectionery   
    9.3    Sports and Nutrition Foods
    9.4    Bakery Products    
    9.5    Dry Mixes      
    9.6    Fermented Milk Products
    9.7    Meat Products
    9.8    Others    
10    Market Breakup by Region
    10.1    European Union
    10.2    New Zealand
    10.3    China
    10.4    United States
    10.5    Brazil
    10.6    Others
11       Competitive Landscape
   
11.1    Market Structure
    11.2    Key Players
12    Milk Powder Manufacturing 
    12.1    Product Overview
    12.2    Detailed Process Flow
    12.3    Various Types of Unit Operations Involved
    12.4    Mass Balance and Raw Material Requirements
13    Project Details, Requirements and Costs Involved
    13.1    Land Requirements and Expenditures
    13.2    Construction Requirements and Expenditures
    13.3    Plant Machinery
    13.4    Machinery Pictures
    13.5    Raw Material Requirements and Expenditures
    13.6    Raw Material and Final Product Pictures
    13.7    Packaging Requirements and Expenditures
    13.8    Transportation Requirements and Expenditures
    13.9    Utility Requirements and Expenditures
    13.10    Manpower Requirements and Expenditures
    13.11    Other Capital Investments
14    Loans and Financial Assistance
15    Project Economics

    15.1    Capital Cost of the Project
    15.2    Techno-Economic Parameters
    15.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    15.4    Taxation and Depreciation
    15.5    Income Projections
    15.6    Expenditure Projections
    15.7    Financial Analysis
    15.8    Profit Analysis
16    Key Player Profiles
    16.1    Nestlé
    16.2    Danone
    16.3    Lactalis
    16.4    Fonterra
    16.5    FrieslandCampina
    16.6    Dean Foods
    16.7    Arla Foods
    16.8    Dairy Farmers Of America
    16.9    Kraft Foods
    16.10   Saputo
    16.11   Parmalat

 

List of Figures

Figure 1: Global: Milk Powder Industry Overview
Figure 2: Global: Fluid Milk: Production Volume (In Million Tons), 2010-2017
Figure 3: Global: Fluid Milk: Consumption Volume (In Million Tons), 2010 & 2017
Figure 4: Global: Fluid Milk Market: Breakup by Region (in %), 2017
Figure 5: Global: Fluid Milk Market Forecast: Volume Trends (in Million Tons), 2018-2023
Figure 6: Global: Fluid Milk Market Forecast: Value Trends (in Million US$), 2018-2023
Figure 7: Global: Milk Powder Market: Value Trends (in Million US$), 2010-2017
Figure 8: Global: Milk Powder Market: Volume Trends (in Million Tons), 2010-2017
Figure 9: Global: Skimmed Milk Powder and Whole Milk Powder Market:  Price Trends (in US$/Ton) 2010-2017
Figure 10: Global: Milk Powder Market: Consumption Breakup by Product Type (in %), 2017
Figure 11: Global: Milk Powder Market: Consumption Breakup by Function (in %), 2017
Figure 12: Global: Milk Powder Market: Consumption Breakup by Application (in %), 2017
Figure 13: Global: Milk Powder Market: Consumption Breakup by Region (in %), 2017
Figure 14: Global: Milk Powder Market: Breakup by Product Type (in %), 2017
Figure 15: Global: Milk Powder Market Forecast: Volume Trends (in Million Tons), 2018-2023
Figure 16: Global: Milk Powder Market Forecast: Value Trends (in Million US$), 2018-2023
Figure 17: Global: Skimmed Milk Powder and Whole Milk Powder Market Forecast:  Price Trends (in Million US$), 2018-2023
Figure 18: Global: Milk Powder Industry: SWOT Analysis
Figure 19: Global: Milk Powder Industry: Value Chain Analysis
Figure 20: Global: Milk Powder Industry: Porter’s Five Forces Analysis
Figure 21: European Union: Milk Powder Market (in Million Tons), 2010, 2017 & 2023
Figure 22: New Zealand: Milk Powder Market (in Million Tons), 2010, 2017 & 2023
Figure 23: China: Milk Powder Market (in Million Tons), 2010, 2017 & 2023
Figure 24: United States: Milk Powder Market (in Million Tons), 2010, 2017 & 2023
Figure 25: Brazil: Milk Powder Market (in Million Tons), 2010, 2017 & 2023
Figure 26: Global: Skimmed Milk Powder Market: Production Volume Trend (in ‘000 Tons), 2010-2017
Figure 27: Global: Skimmed Milk Powder Market: Production and Consumption by Region (in %), 2017
Figure 28: Global: Whole Milk Powder Market: Production Volume Trend (in ‘000 Tons), 2010-2017
Figure 29: Global: Whole Milk Powder Market: Production and Consumption by Region (in %), 2017
Figure 30: Skimmed Milk Powder Manufacturing Plant: Detailed Process Flow
Figure 31: Skimmed Milk Powder Manufacturing Process: Conversion Rate of Products
Figure 32: Skimmed Milk Powder Manufacturing Plant: Proposed Plant Layout
Figure 33: Skimmed Milk Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 34: Skimmed Milk Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 35: Skimmed Milk Powder Manufacturing: Manufacturing Cost Breakup (in %)

 

List of Tables

Table 1: Global: Milk Powder Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Milk Powder Market Forecast: Breakup by Product Type (in Million Tons), 2018-2023
Table 3: Global: Milk Powder Market Forecast: Breakup by Function (in Million Tons), 2018-2023
Table 4: Global: Milk Powder Market Forecast: Breakup by Application (in Million Tons), 2018-2023
Table 5: Global: Milk Powder Market Forecast: Breakup by Region (in Million Tons), 2018-2023
Table 6: Global: Top 10 Dairy Companies by Turnover (in US$ Billion), 2017
Table 7: Skimmed Milk Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Skimmed Milk Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Skimmed Milk Powder Processing Plant: Milk Reception Section Equipment Costs (in US$)
Table 10: Skimmed Milk Powder Processing Plant: Milk Processing Section Equipment Costs (in US$)
Table 11: Skimmed Milk Powder Processing Plant: Cream Processing Section Equipment Costs (in US$)
Table 12: Skimmed Milk Powder Processing Plant: CIP (Cleaning in Place) Section Equipment Costs (In US$)
Table 13: Skimmed Milk Powder Processing Plant: Evaporation Section Equipment Costs (In US$)
Table 14: Skimmed Milk Powder Processing Plant: Drying Section Equipment Costs (In US$)
Table 15: Milk Powder Manufacturing Plant: Summary of Machinery Costs (in US$)    
Table 16: Skimmed Milk Powder Manufacturing Plant: Raw Material Requirements
Table 17: Skimmed Milk Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 18: Skimmed Milk Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 19: Details of Financial Assistance Offered by Financial Institutions
Table 20: Skimmed Milk Powder Manufacturing Plant: Capital Costs (in US$)
Table 21: Skimmed Milk Powder Manufacturing Plant: Techno-Economic Parameters
Table 22: Skimmed Milk Powder Manufacturing Plant: Taxation and Depreciation
Table 23: Skimmed Milk Powder Manufacturing Plant: Income Projections (in US$)
Table 24: Skimmed Milk Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 25: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
Table 26: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability
Table 27: Skimmed Milk Powder Manufacturing Plant: Profit and Loss Account


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