Whole Milk Powder Market Report by End Use (Dairy, Infant Formulae, Bakery, Confectionery, and Others), and Region 2024-2032

Whole Milk Powder Market Report by End Use (Dairy, Infant Formulae, Bakery, Confectionery, and Others), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A718
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Market Overview 2024-2032:

The global whole milk powder market size reached 6.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 8.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
6.4 Million Tons
Market Forecast in 2032
8.3 Million Tons
Market Growth Rate 2024-2032 2.9%

Whole milk powder is derived by removing water from fresh pasteurized, homogenized, or non-homogenized milk through evaporation or spray-drying. It can also be manufactured by blending fluid, condensed, or non-fat dry milk with liquid or dry cream. It is characterized by a creamy flavor, light cream color, and pleasing taste. Its moisture is removed, which further assists in inhibiting microbial growth and providing the same nutritional properties as regular milk. Moreover, as it is easy to handle, store, and disperse in water, has a long shelf-life, and provides a cost-efficient source of milk fats, it is widely utilized in manufacturing a wide range of food products.

Whole Milk Powder Market

Whole Milk Powder Market Trends:

The flourishing food and beverage (F&B) industry represents one of the significant drivers positively influencing the use of whole milk powder in recombined milk, baby food and infant formulas, and energy foods, beverages, and toppings. In addition, the escalating demand for baby food and infant formulas on account of the busy lifestyle of working parents and their rising concerns about the overall development of their children is contributing to the market growth. Apart from this, whole milk powder is widely utilized as a source of non-fat milk solids in baked and confectionery goods. This, along with the growing popularity of milk powder in regions with low availability of milk and the introduction of organic and lactose-free variants, is strengthening the market growth. Besides this, manufacturers are offering vitamin-fortified whole milk powder for direct use in milk beverages, yogurt, coffee, and tea whitener. Furthermore, the easy availability of different product flavors in instant, organic, and low-fat variants through e-commerce channels is impelling the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global whole milk powder market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on end use.

Breakup by End Use:

  • Dairy
  • Infant Formulae
  • Bakery
  • Confectionery
  • Others

Dairy represents the largest end use sector of whole milk powder due to the escalating demand for milk-based products across the globe.

Breakup by Region:

  • New Zealand
  • China
  • European Union
  • Brazil
  • Argentina
  • Others

China currently accounts for the majority of the total market share on account of the increasing consumption of immunity-boosting products post COVID-19 outbreak.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., and Danone S.A.

The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the whole milk powder industry. This ranges from macro overview of the market to micro details of the industry performance, 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 are planning to foray into the whole milk powder industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units Million Tons, US$ Million
Segment Coverage End Use, Region
Region Covered New Zealand, China, European Union, Brazil, Argentina, Others
Companies Covered Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V. and Danone S.A
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
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)

Key Questions Answered in This Report

The global whole milk powder market reached a volume of 6.4 Million Tons in 2023.

According to the estimates by IMARC Group, the global whole milk powder market is expected to grow at a CAGR of 2.9% during 2024-2032.

The expanding food and beverage (F&B) sector is augmenting the usage for whole milk powder in preparing yoghurt, milkshakes, baked goods, etc., thereby representing one of the key drivers for the global whole milk powder market.

The introduction of organic and lactose-free product variants represents one of the key trends in the global whole milk powder market.

Sudden outbreak of the COVID-19 pandemic had led to the rising shift towards whole milk powder due to the limited supply of liquid milk during lockdown scenarios across several nations.

On the basis of the end use, the market has been bifurcated into dairy, infant formulae, bakery, confectionery, and others. Amongst these, dairy holds the largest market share.

Region-wise, the market has been classified into New Zealand, China, Brazil, the European Union, Argentina, and others, where China dominates the global market.

The key companies in the global whole milk powder market are Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., and Danone S.A.

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Whole Milk Powder Market Report by End Use (Dairy, Infant Formulae, Bakery, Confectionery, and Others), and Region 2024-2032
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