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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
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
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
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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