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Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global milk powder market reached a volume of 10.4 Million Tons in 2018. The market volume is further projected to reach 13.2 Million Tons by 2024, growing at a CAGR of more than 4% during 2019-2024. 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 Report

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.


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 market. Other major regions are New Zealand, China, the 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 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.

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 key driving factors and challenges in the global milk powder industry?
  • What is the structure of the global milk powder industry and who are the key players?
  • What is the degree of competition in the global 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 manufacturing plant?
  • What is the total size of land required for setting up a milk powder manufacturing plant?
  • What are the machinery requirements for setting up a milk powder manufacturing plant?
  • What are the raw material requirements for setting up a milk powder manufacturing 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 manufacturing plant?
  • What are the manpower requirements for setting up a milk powder manufacturing plant?
  • What are the infrastructure costs for setting up a milk powder manufacturing plant?
  • What are the capital costs for setting up a milk powder manufacturing plant?
  • What are the operating costs for setting up a milk powder manufacturing plant?
  • What will be the income and expenditures for a milk powder manufacturing 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    Key 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    Overview
        6.9.2    Strengths
        6.9.3    Weaknesses
        6.9.4    Opportunities
        6.9.5    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
        7.1.1 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
    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 Market: Major Drivers and Challenges
Figure 2: Global: Fluid Milk Market: Production Volume (In Million Tons), 2011-2018
Figure 3: Global: Fluid Milk Market: Average Prices (in US$/Ton) 2011-2018
Figure 4: Global: Fluid Milk Market: Breakup by Region (in %), 2018
Figure 5: Global: Fluid Milk Market Forecast: Production Volume (in Million Tons), 2019-2024
Figure 6: Global: Milk Powder Market: Production Volume (in Million Tons), 2011-2018
Figure 7: Global: Milk Powder Market: Production Value (in Billion US$), 2011-2018
Figure 8: Milk Powder:  Price Structure (US$/Ton)
Figure 9: Global: Skimmed Milk Powder and Whole Milk Powder Market:  Average Prices (in US$/Ton) 2011-2018
Figure 10: Global: Skimmed Milk Powder and Whole Milk Powder Market Forecast:  Average Prices (in US$/Ton), 2019-2024
Figure 11: Global: Milk Powder Market: Breakup by Product Type (in %), 2018
Figure 12: Global: Milk Powder Market: Breakup by Function (in %), 2018
Figure 13: Global: Milk Powder Market: Breakup by Application (in %), 2018
Figure 14: Global: Milk Powder Market: Consumption Breakup by Region (in %), 2018
Figure 15 Global: Milk Powder Market: Production Breakup by Region (in %), 2018
Figure 16: Global: Milk Powder Market Forecast: Production Volume (in Million Tons), 2019-2024
Figure 17: Global: Milk Powder Market Forecast: Production Value (in Billion US$), 2019-2024
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 ‘000 Tons), 2011-2018
Figure 22: Global: Whole Milk Powder Market Forecast: Production Volume Trend (in ‘000 Tons), 2019-2024
Figure 23: Global: Whole Milk Powder Market: Production and Consumption by Region (in %), 2018
Figure 24: Global: Skimmed Milk Powder Market: Production Volume Trend (in ‘000 Tons), 2011-2018
Figure 25: Global: Skimmed Milk Powder Market: Production and Consumption by Region (in %), 2018
Figure 26: Global: Skimmed Milk Powder Market Forecast: Production Volume Trend (in ‘000 Tons), 2019-2024
Figure 27: Global: Milk Powder Market (Emulsification): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 28: Global: Milk Powder Market Forecast (Emulsification): Volume Trend (in ‘000 Tons), 2019-2024
Figure 29: Global: Milk Powder Market (Foaming): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 30: Global: Milk Powder Market Forecast (Foaming): Volume Trend (in ‘000 Tons), 2019-2024
Figure 31: Global: Milk Powder Market (Flavouring): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 32: Global: Milk Powder Market Forecast (Flavouring): Volume Trend (in ‘000 Tons), 2019-2024
Figure 33: Global: Milk Powder Market (Thickening): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 34: Global: Milk Powder Market Forecast (Thickening): Volume Trend (in ‘000 Tons), 2019-2024
Figure 35: Global: Milk Powder Market (Application in Infant Formula): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 36: Global: Milk Powder Market Forecast (Application in Infant Formula): Volume Trend (in ‘000 Tons), 2019-2024
Figure 37: Global: Milk Powder Market (Application in Confectionery): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 38: Global: Milk Powder Market Forecast (Application in Confectionery): Volume Trend (in ‘000 Tons), 2019-2024
Figure 39: Global: Milk Powder Market (Application in Sports and Nutrition Foods): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 40: Global: Milk Powder Market Forecast (Application in Sports and Nutrition Foods): Volume Trend (in ‘000 Tons), 2019-2024
Figure 41: Global: Milk Powder Market (Application in Bakery Products): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 42: Global: Milk Powder Market Forecast (Application in Bakery Products): Volume Trend (in ‘000 Tons), 2019-2024
Figure 43: Global: Milk Powder Market (Application in Dry Mixes): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 44: Global: Milk Powder Market Forecast (Application in Dry Mixes): Volume Trend (in ‘000 Tons), 2019-2024
Figure 45: Global: Milk Powder Market (Application in Fermented Milk Products): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 46: Global: Milk Powder Market Forecast (Application in Fermented Milk Products): Volume Trend (in ‘000 Tons), 2019-2024
Figure 47: Global: Milk Powder Market (Application in Meat Products): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 48: Global: Milk Powder Market Forecast (Application in Meat Products): Volume Trend (in ‘000 Tons), 2019-2024
Figure 49: Global: Milk Powder Market (Other Applications): Volume Trend (in ‘000 Tons), 2011 & 2018
Figure 50: Global: Milk Powder Market Forecast (Other Applications): Volume Trend (in ‘000 Tons), 2019-2024
Figure 51: European Union: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 52: European Union: Milk Powder Market Forecast (in Million Tons), 2019-2024
Figure 53: New Zealand: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 54: New Zealand: Milk Powder Market Forecast (in Million Tons), 2019-2024
Figure 55: China: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 56: China: Milk Powder Market Forecast (in Million Tons), 2019-2024
Figure 57: United States: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 58: United States: Milk Powder Market Forecast (in Million Tons), 2019-2024
Figure 59: Brazil: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 60: Brazil: Milk Powder Market Forecast (in Million Tons), 2019-2024
Figure 61: Others: Milk Powder Market (in Million Tons), 2011 & 2018
Figure 62: Others: Milk Powder Market Forecast (in Million Tons), 2019-2024
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, 2018 and 2024
Table 2: Global: Milk Powder Market Forecast: Breakup by Product Type (in Million Tons), 2019-2024
Table 3: Global: Milk Powder Market Forecast: Breakup by Function (in Million Tons), 2019-2024
Table 4: Global: Milk Powder Market Forecast: Breakup by Application (in Million Tons), 2019-2024
Table 5: Global: Milk Powder Market Forecast: Breakup by Region (in Million Tons), 2019-2024
Table 6: Global: Milk Powder Market: Competitive Structure 
Table 7: Global: Top 10 Dairy Companies by Turnover (in US$ Billion), 2017
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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