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Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Marker Overview:

The global milk powder market reached a value of US$ 30 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 45.1 Billion by 2027, exhibiting a CAGR of 7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Milk powder is a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. Since it is convenient to use and has a longer shelf life, it is widely utilized by consumers as an alternative for fresh milk in a wide range of food preparation, including confectionaries, infant formulas, savory items and desserts. Its ability to bind water, along with its foaming and emulsifying properties, make milk powders an important food ingredient. At present, milk powder is consumed globally due to the presence of several essential nutrients, such as protein, vitamins, calcium, iron, sodium, cholesterol, potassium, fat and carbohydrates, that are beneficial for overall health development. 

 

 
 

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Milk Powder Market Trends:

The increasing demand for convenient food products among the masses is one of the key factors driving the sales of milk powder. Since it can be stored without refrigeration and easily transported without the need for cold chain infrastructure, this is providing an impetus to the market. Moreover, the widespread product adoption across the food and beverage industry is impacting the market growth favorably. Furthermore, significant developments in the e-commerce infrastructure, improvements in the supply chain distribution channels and the advent of the online delivery models are creating a positive market outlook. Additionally, continual technological advancements in the production processes for retaining the nutrient content of milk are considered to be other growth-inducing factors. The market is further driven by the rising investments by key players in the development of aggressive marketing strategies, promotional campaigns, celebrity endorsements and innovative packaging solutions. Other factors, including rapid urbanization, the growing health consciousness among individuals and the changing dietary patterns of the masses, are also favorably influencing the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global milk powder market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, function and application.

Breakup by Product Type:

 

 
 

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  • Whole Milk Powder
  • Skimmed Milk Powder


Presently, whole milk powder accounts for the majority of the total market share as it is widely used in the formulation of baby food and infant formulas.

Breakup by Function:

  • Emulsification
  • Foaming
  • Flavouring
  • Thickening


On the basis of the function, milk powder is widely utilized for emulsification, foaming, flavouring, and thickening.

Breakup by Application:

  • Infant Formula
  • Confectionery
  • Sports and Nutrition Foods
  • Bakery Products
  • Dry Mixes
  • Fermented Milk Products
  • Meat Products
  • Others


Based on the application, milk powder is employed in the preparation of infant formula, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.

Regional Insights:

  • European Union
  • New Zealand
  • China
  • United States
  • Brazil
  • Others


At present, the European Union holds the leading position in the market.

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 S.A.
  • Danone S.A.
  • Lactalis Group
  • Fonterra Co-operative Group Limited
  • Royal FrieslandCampina N.V.
  • Dean Foods
  • Arla Foods
  • Dairy Farmers of America Inc.
  • Kraft Heinz Company
  • Saputo, Inc.
  • Parmalat S.p.A.


This report provides a deep insight into the global milk powder market 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units Million Tons, US$ Billion
Segment Coverage Product Type, Function, Application, Region
Region Covered  European Union, New Zealand, China, United States, Brazil, Others
Companies Covered Nestlé S.A., Danone S.A., Lactalis Group, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Dean Foods, Arla Foods, Dairy Farmers of America Inc., Kraft Heinz Company, Saputo, Inc. and Parmalat S.p.A
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Breakup by Product Type
    6.6    Market Breakup by Function
    6.7    Market Breakup by Application
    6.8    Market Breakup by Region
    6.9    Market Forecast
    6.10    SWOT Analysis
        6.10.1    Overview
        6.10.2    Strengths
        6.10.3    Weaknesses
        6.10.4    Opportunities
        6.10.5    Threats
    6.11    Value Chain Analysis
        6.11.1    Raw Material Procurement
        6.11.2    Manufacturing
        6.11.3    Marketing
        6.11.4    Distribution
        6.11.5    Exports
        6.11.6    End-Use
    6.12    Porter’s Five Forces Analysis
        6.12.1    Overview
        6.12.2    Bargaining Power of Buyers
        6.12.3    Bargaining Power of Suppliers
        6.12.4    Degree of Competition
        6.12.5    Threat of New Entrants
        6.12.6    Threat of Substitutes
    6.13    Key Success Factors and Risk Factors
7   Market Breakup by Product Type
    7.1    Whole Milk Powder
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Skimmed Milk Powder
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Function
    8.1    Emulsification  
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Foaming    
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Flavouring   
        8.3.1 Market Trends
        8.3.2 Market Forecast 
    8.4    Thickening  
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Application
    9.1    Infant Formula    
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Confectionery   
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Sports and Nutrition Foods
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Bakery Products    
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Dry Mixes  
        9.5.1 Market Trends
        9.5.2 Market Forecast    
    9.6    Fermented Milk Products
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Meat Products
        9.7.1 Market Trends
        9.7.2 Market Forecast
    9.8    Others    
        9.8.1 Market Trends
        9.8.2 Market Forecast
10  Market Breakup by Region
    10.1    European Union
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    New Zealand
        10.2.1 Market Trends
        10.2.2 Market Forecast
    10.3    China
        10.3.1 Market Trends
        10.3.2 Market Forecast
    10.4    United States
        10.4.1 Market Trends
        10.4.2 Market Forecast
    10.5    Brazil
        10.5.1 Market Trends
        10.5.2 Market Forecast
    10.6    Others
        10.6.1 Market Trends
        10.6.2 Market Forecast
11  Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
12  Milk Powder Manufacturing Process
    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 S.A.
    16.2    Danone S.A.
    16.3    Lactalis Group
    16.4    Fonterra Co-operative Group Limited
    16.5    Royal FrieslandCampina N.V.
    16.6    Dean Foods
    16.7    Arla Foods
    16.8    Dairy Farmers of America Inc.
    16.9    Kraft Heinz Company
    16.10   Saputo, Inc.
    16.11   Parmalat S.p.A.

List of Figures

Figure 1: Global: Milk Powder Market: Major Drivers and Challenges
Figure 2: Global: Fluid Milk Market: Production Volume (in Million Tons), 2016-2021
Figure 3: Global: Fluid Milk Market: Average Prices (in US$/Ton) 2016-2021
Figure 4: Global: Fluid Milk Market: Breakup by Region (in %), 2021
Figure 5: Global: Fluid Milk Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 6: Global: Milk Powder Market: Production Volume (in Million Tons), 2016-2021
Figure 7: Global: Milk Powder Market: Production Value (in Billion US$), 2016-2021
Figure 8: Milk Powder Market: Price Structure 
Figure 9: Global: Skimmed Milk Powder and Whole Milk Powder Market: Average Prices (in US$/Ton) 2016-2021
Figure 10: Global: Skimmed Milk Powder and Whole Milk Powder Market Forecast: Average Prices (in US$/Ton), 2022-2027
Figure 11: Global: Milk Powder Market: Breakup by Product Type (in %), 2021
Figure 12: Global: Milk Powder Market: Breakup by Function (in %), 2021
Figure 13: Global: Milk Powder Market: Breakup by Application (in %), 2021
Figure 14: Global: Milk Powder Market: Consumption Breakup by Region (in %), 2021
Figure 15: Global: Milk Powder Market: Production Breakup by Region (in %), 2021
Figure 16: Global: Milk Powder Market Forecast: Production Volume (in Million Tons), 2022-2027
Figure 17: Global: Milk Powder Market Forecast: Production Value (in Billion US$), 2022-2027
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: Global: Whole Milk Powder Market: Production Volume Trend (in Million Tons), 2016-2021
Figure 22: Global: Whole Milk Powder Market Forecast: Production Volume Trend (in Million Tons), 2022-2027
Figure 23: Global: Whole Milk Powder Market: Production and Consumption by Region (in %), 2021
Figure 24: Global: Skimmed Milk Powder Market: Production Volume Trend (in Million Tons), 2016-2021
Figure 25: Global: Skimmed Milk Powder Market: Production and Consumption by Region (in %), 2021
Figure 26: Global: Skimmed Milk Powder Market Forecast: Production Volume Trend (in Million Tons), 2022-2027
Figure 27: Global: Milk Powder Market (Emulsification): Volume Trend (in Million Tons), 2016 & 2021
Figure 28: Global: Milk Powder Market Forecast (Emulsification): Volume Trend (in Million Tons), 2022-2027
Figure 29: Global: Milk Powder Market (Foaming): Volume Trend (in Million Tons), 2016 & 2021
Figure 30: Global: Milk Powder Market Forecast (Foaming): Volume Trend (in Million Tons), 2022-2027
Figure 31: Global: Milk Powder Market (Flavouring): Volume Trend (in Million Tons), 2016 & 2021
Figure 32: Global: Milk Powder Market Forecast (Flavouring): Volume Trend (in Million Tons), 2022-2027
Figure 33: Global: Milk Powder Market (Thickening): Volume Trend (in Million Tons), 2016 & 2021
Figure 34: Global: Milk Powder Market Forecast (Thickening): Volume Trend (in Million Tons), 2022-2027
Figure 35: Global: Milk Powder Market (Application in Infant Formula): Volume Trend (in Million Tons), 2016 & 2021
Figure 36: Global: Milk Powder Market Forecast (Application in Infant Formula): Volume Trend (in Million Tons), 2022-2027
Figure 37: Global: Milk Powder Market (Application in Confectionery): Volume Trend (in Million Tons), 2016 & 2021
Figure 38: Global: Milk Powder Market Forecast (Application in Confectionery): Volume Trend (in Million Tons), 2022-2027
Figure 39: Global: Milk Powder Market (Application in Sports and Nutrition Foods): Volume Trend (in Million Tons), 2016 & 2021
Figure 40: Global: Milk Powder Market Forecast (Application in Sports and Nutrition Foods): Volume Trend (in Million Tons), 2022-2027
Figure 41: Global: Milk Powder Market (Application in Bakery Products): Volume Trend (in Million Tons), 2016 & 2021
Figure 42: Global: Milk Powder Market Forecast (Application in Bakery Products): Volume Trend (in Million Tons), 2022-2027
Figure 43: Global: Milk Powder Market (Application in Dry Mixes): Volume Trend (in Million Tons), 2016 & 2021
Figure 44: Global: Milk Powder Market Forecast (Application in Dry Mixes): Volume Trend (in Million Tons), 2022-2027
Figure 45: Global: Milk Powder Market (Application in Fermented Milk Products): Volume Trend (in Million Tons), 2016 & 2021
Figure 46: Global: Milk Powder Market Forecast (Application in Fermented Milk Products): Volume Trend (in Million Tons), 2022-2027
Figure 47: Global: Milk Powder Market (Application in Meat Products): Volume Trend (in Million Tons), 2016 & 2021
Figure 48: Global: Milk Powder Market Forecast (Application in Meat Products): Volume Trend (in Million Tons), 2022-2027
Figure 49: Global: Milk Powder Market (Other Applications): Volume Trend (in Million Tons), 2016 & 2021
Figure 50: Global: Milk Powder Market Forecast (Other Applications): Volume Trend (in Million Tons), 2022-2027
Figure 51: European Union: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 52: European Union: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 53: New Zealand: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 54: New Zealand: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 55: China: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 56: China: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 57: United States: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 58: United States: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 59: Brazil: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 60: Brazil: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 61: Others: Milk Powder Market (in Million Tons), 2016 & 2021
Figure 62: Others: Milk Powder Market Forecast (in Million Tons), 2022-2027
Figure 63: Skimmed Milk Powder Manufacturing Plant: Detailed Process Flow
Figure 64: Skimmed Milk Powder Manufacturing: Conversion Rate of Feedstocks
Figure 65: Skimmed Milk Powder Manufacturing Plant: Proposed Plant Layout
Figure 66: Skimmed Milk Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 67: Skimmed Milk Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 68: Skimmed Milk Powder Manufacturing: Breakup by Total Production Cost (in %)

List of Tables

Table 1: Global: Milk Powder Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Milk Powder Market Forecast: Breakup by Product Type (in Million Tons), 2022-2027
Table 3: Global: Milk Powder Market Forecast: Breakup by Function (in Million Tons), 2022-2027
Table 4: Global: Milk Powder Market Forecast: Breakup by Application (in Million Tons), 2022-2027
Table 5: Global: Milk Powder Market Forecast: Breakup by Region (in Million Tons), 2022-2027
Table 6: Global: Milk Powder Market: Competitive Structure 
Table 7: Global: Top 10 Dairy Companies by Turnover (in US$ Billion)
Table 8: Skimmed Milk Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 9: Skimmed Milk Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 10: Skimmed Milk Powder Processing Plant: Milk Reception Section Equipment Costs (in US$)
Table 11: Skimmed Milk Powder Processing Plant: Milk Processing Section Equipment Costs (in US$)
Table 12: Skimmed Milk Powder Processing Plant: Cream Processing Section Equipment Costs (in US$)
Table 13: Skimmed Milk Powder Processing Plant: CIP (Cleaning in Place) Section Equipment Costs (In US$)
Table 14: Skimmed Milk Powder Processing Plant: Evaporation Section Equipment Costs (In US$)
Table 15: Skimmed Milk Powder Processing Plant: Drying Section Equipment Costs (In US$)
Table 16: Milk Powder Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 17: Skimmed Milk Powder Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 18: Skimmed Milk Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 19: Skimmed Milk Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 20: Details of Financial Assistance Offered by Financial Institutions
Table 21: Skimmed Milk Powder Manufacturing Plant: Capital Costs (in US$)
Table 22: Skimmed Milk Powder Manufacturing Plant: Techno-Economic Parameters
Table 23: Skimmed Milk Powder Manufacturing Plant: Taxation and Depreciation (in US$)
Table 24: Skimmed Milk Powder Manufacturing Plant: Income Projections (in US$)
Table 25: Skimmed Milk Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 26: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 27: Skimmed Milk Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 28: Skimmed Milk Powder Manufacturing Plant: Profit and Loss Account (in US$)


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Key Questions Answered in This Report

The global milk powder market was valued at US$ 30 Billion in 2021.

We expect the global milk powder market to exhibit a CAGR of 7% during 2022-2027.

The rising usage of milk powder in confectionary and bakery items, along with the easy product
availability in instant, organic, and low-fat variants, is primarily driving the global milk powder
market.

The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer preferences from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase
of milk powder.

Based on the product type, the global milk powder market can be categorized into whole milk
powder and skimmed milk powder. Currently, whole milk powder exhibits clear dominance in the
market.

Based on the function, the global milk powder market has been segmented into emulsification,
foaming, flavoring, and thickening. Among these, emulsification represents the largest market share.

Based on the application, the global milk powder market can be bifurcated into infant formula,
confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products,
meat products, and others. Currently, confectionary segment accounts for the majority of the total
market share.

On a regional level, the market has been classified into European Union, New Zealand, China, United
States, Brazil, and others, where European Union currently dominates the global market.

Some of the major players in the global milk powder market include Nestlé S.A., Danone S.A.,
Lactalis Group, Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., Dean Foods, Arla
Foods, Dairy Farmers of America Inc., Kraft Heinz Company, Saputo, Inc., Parmalat S.p.A., etc.

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