Top Companies in the Milk Powder Market

Food & Beverages

Top Companies in the Milk Powder Market

The global milk powder market reached US$ 34.6 Billion in 2023. Milk powder refers to pasteurized milk that is dried via evaporation. This process increases the shelf life of milk without the use of a refrigerator. Milk powder is extensively used as an ingredient in chocolates, infant formula, and baking recipes. It is rich in essential nutrients, including proteins, calcium, proteins, iron, sodium, cholesterol, potassium, fat, and carbohydrates. Nowadays,  numerous kinds of milk powders are available worldwide, such as skimmed milk, whole milk powder, and dairy whitener.

As per the IMARC Group analysis, the top companies in the milk powder industry are introducing several online delivery models. Other than this, the constant technological advancements and extensive investments by key players in the development of promotional campaigns, celebrity endorsements, marketing strategies, and innovative packaging solutions is positively influencing the market growth. Moreover, key players are also working toward production procedures, which retain the nutrient content of milk. On account of these factors, IMARC Group expects the market value to reach US$ 57.2 Billion by 2032, expanding at a CAGR of 5.6% during the forecast period (2024-2032).

Top Companies Operating in the Global Milk Powder Market

1. Nestlé S.A.

Establishment: 1866
Headquarters: Vevey, Switzerland

Nestle is the world’s largest food and beverage company. The company is well known for its good quality chocolates and confectionery. They also offer premium-quality milk powder, which is used to prepare numerous savories.

2. Danone S.A.

Establishment: 1919
Headquarters: Paris, France

Danone S.A. is a leading food and beverage company building on health-focused and fast-growing categories in numerous businesses, such as essential dairy and plant-based products, waters and specialized nutrition. The portfolio of the company includes brands present worldwide such as  Activia, Actimel, Alpro, Danette, Danonino, Danio, evian, Volvic, Nutrilon/Aptamil, Nutricia and in local markets, namely Aqua, Blédina, Cow & Gate, Bonafont, Horizon Organic, Mizone, Oikos, Prostokvashino, Silk.

3. Lactalis Group

Establishment: 1933
Headquarters: Mayenne, France

Lactalis Group is a global leader in the dairy industry and is present across various categories in the market. It is a major player in the chilled dairy and dairy ingredients, along with this, it offers cheese, butter, and cream. Lactalis Group anticipates new market trends and adapts the production and consumption modes.

4. Fonterra Co-operative Group Limited

Establishment: 2001
Headquarters: Auckland, New Zealand

Fonterra Co-operative Group Limited is a New Zealand multinational dairy co-operative and its farmer shareholders are the suppliers of milk to Fonterra in New Zealand. They produce safe and high-quality food, along with good quality dairy ingredients, including milk powder.

5. Royal FrieslandCamoina N.V.

Establishment: 1871
Headquarters: Amersfoort, Netherlands

Royal FrieslandCamoina N.V. is a global company offering milk and dairy products, such as milk powder. Other than this, the company offers cheese, yogurt, along with dairy nutrition for specific consumer groups, including toddlers and adults with specific requirements. It also provides food and pharmaceutical industries with ingredients for their own products.

6. Dairy Farmers of America

Establishment: 1998
Headquarters: Kansas City, United States

Dairy Farmers of America (DFA) is a major company offering numerous dairy related products, including milk powder, butter, cheese, and others. It consists of more than 12,500 diverse family farmers from across the country. Today, DFA sells its products under different brands, including Alta Dena Dairy, Borden Cheese, Cache Valley, Country Fresh, Creamland Dairy and Cass Clay.

7. Arla Foods

Establishment: 1881
Headquarters: Viby, Denmark

Arla Foods is a company aiming to bring sustainable and healthy dairy products to individuals globally by transitioning toward sustainable dairy farming and production. Masses worldwide, benefit from the innovative approach of the company through its well-known brands, including Lurpak, Castello, and Puck.

8. Kraft Heinz Company

Establishment: 2015
Headquarters: Chicago, United States

Kraft Heinz is one of the most renowned foods and beverage companies in the world. They offer high-quality, great-tasting, and nutritious food and dairy products. It offers several products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, infant and nutrition products, and numerous other grocery products in a portfolio of more than 200 legacy and emerging brands.

9. Saputo Inc.

Establishment: 1954
Headquarters: Montreal, Canada

Saputo Inc. is a Canadian company, dealing in a variety of products, including cheeses such as mozzarella and cheddar, specialty cheeses such as ricotta, provolone, goat cheese, parmesan, feta and Havarti. It also produces milk powder, yogurt, cream, sour cream, fluid milk, butter, and others.

10. Parmalat S.p.A.

Establishment: 1961
Headquarters: Colicchio, Italy

Parmalat offers milk products along with fruit-based drinks at a global level. It assures good quality through some of its renowned brands, including Santal. Some of the best products offered by the company, include milk dairy products, such as milk powder, cheese, yogurt, cream-based sauce, desserts, and cheese and various food beverages.

Author About:

Aditi Kumar 

Senior Content Writer at IMARC Services Private Limited  

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.


For more information on this market, write to us:

Please enter the Captcha text*

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163