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Whole Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global whole milk powder market reached a volume of 5.10 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 3.40% during 2021-2026. 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.

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 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, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on end use.

Breakup by End Use:

  • Dairy
  • Infant Formulae
  • Bakery
  • Confectionary
  • 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 report also provides a detailed technical insight on setting up and operating a whole milk powder manufacturing plant. This includes the manufacturing process, machinery requirements, land requirements, labour requirements, packaging requirements, transportation requirements, power requirements, incomes, expenditures, profit margins, NPV, IRR, etc. In order to provide a clearer picture, the report has also presented this information in the form of a dynamic excel model where users can analyse the entire information and also change various inputs according to their requirements.

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 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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$ 2299
Five User License: US$ 3399
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 Whole Milk Powder Market
    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    Market Breakup by Region
    6.5    Market Breakup by End Use
    6.6    Market Forecast
    6.7    SWOT Analysis
        6.7.1    Overview
        6.7.2    Strengths
        6.7.3    Weaknesses
        6.7.4    Opportunities
        6.7.5    Threats
    6.8   Value Chain Analysis
        6.8.1    Raw Material Procurement
        6.8.2    Manufacturing
        6.8.3    Marketing
        6.8.4    Distribution
        6.8.5    Exports
        6.8.6    End-Use
    6.9   Porter’s Five Forces Analysis
        6.9.1    Overview
        6.9.2    Bargaining Power of Buyers
        6.9.3    Bargaining Power of Suppliers
        6.9.4    Degree of Competition
        6.9.5    Threat of New Entrants        
        6.9.6    Threat of Substitutes
   6.10    Price Analysis
        6.10.1    Key Price Indicators
        6.10.2    Price Structure
        6.10.3    Price Trends
   6.11    Key Success Factors and Risk Factors
7  Performance of Key Regions
   7.1    New Zealand
        7.1.1 Market Trends
        7.1.2 Market Forecast
   7.2    China
        7.2.1 Market Trends
        7.2.2 Market Forecast
   7.3    European Union
        7.3.1 Market Trends
        7.3.2 Market Forecast
   7.4    Brazil
        7.4.1 Market Trends
        7.4.2 Market Forecast
   7.5    Argentina
        7.5.1 Market Trends
        7.5.2 Market Forecast
   7.6    Others
        7.6.1 Market Trends
        7.6.2 Market Forecast
8  Market Breakup by End Use
   8.1    Dairy
        8.1.1 Market Trends
        8.1.2 Market Forecast
   8.2    Infant Formulae
        8.2.1 Market Trends
        8.2.2 Market Forecast
   8.3    Bakery
        8.3.1 Market Trends
        8.3.2 Market Forecast
   8.4    Confectionary
        8.4.1 Market Trends
        8.4.2 Market Forecast
   8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9  Competitive Landscape
   9.1    Market Structure
   9.2    Key Players
10 Whole Milk Powder Manufacturing 
   10.1    Product Overview
   10.2    Detailed Process Flow
   10.3    Various Types of Unit Operations Involved
   10.4    Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
   11.1    Land Requirements and Expenditures
   11.2    Construction Requirements and Expenditures
   11.3    Plant Machinery
   11.4    Machinery Pictures
   11.5    Raw Material Requirements and Expenditures
   11.6    Raw Material and Final Product Pictures
   11.7    Packaging Requirements and Expenditures
   11.8    Transportation Requirements and Expenditures
   11.9    Utility Requirements and Expenditures
   11.10    Manpower Requirements and Expenditures
   11.11    Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics

   13.1    Capital Cost of the Project
   13.2    Techno-Economic Parameters
   13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
   13.4    Taxation and Depreciation
   13.5    Income Projections
   13.6    Expenditure Projections
   13.7    Financial Analysis
   13.8    Profit Analysis
14 Key Player Profiles
   14.1    Lactalis Group
   14.2    Nestle
   14.3    Fonterra
   14.4    FrieslandCampina
   14.5    Danone

List of Figures

Figure 1: Global: Whole Milk Powder Market: Major Drivers and Challenges
Figure 2: Global: Fluid Milk Market: Volume Trends (In Million Tons), 2015-2020
Figure 3: Global: Fluid Milk Market: Breakup by Region (in %), 2020
Figure 4: Global: Fluid Milk Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 5: Global: Whole Milk Powder Market: Volume Trends (in Million Tons), 2015-2020
Figure 6: Global: Whole Milk Powder Market: Value Trends (in Million US$), 2015-2020
Figure 7: Global: Whole Milk Powder Market: Average Prices (in US$/Ton) 2015-2020
Figure 8: Whole Milk Powder Market: Price Structure (US$/Ton)
Figure 9: Global: Whole Milk Powder Market: Production and Consumption by Region (in %), 2020
Figure 10: Global: Whole Milk Powder Market: Breakup by End Use (in %), 2020
Figure 11: Global: Whole Milk Powder Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 12: Global: Whole Milk Powder Market Forecast: Value Trends (in Million US$), 2021-2026
Figure 13: Global: Whole Milk Powder Market Forecast: Average Prices (in US$/Ton), 2021-2026
Figure 14: Global: Whole Milk Powder Industry: SWOT Analysis
Figure 15: Global: Whole Milk Powder Industry: Value Chain Analysis
Figure 16: Global: Whole Milk Powder Industry: Porter’s Five Forces Analysis
Figure 17: New Zealand: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 18: New Zealand: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 19: China: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 20: China: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 21: European Union: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 22: European Union: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 23: Brazil: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 24: Brazil: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 25: Argentina: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 26: Argentina: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 27: Others: Whole Milk Powder Market (in Million Tons), 2015 & 2020
Figure 28: Others: Whole Milk Powder Market Forecast (in Million Tons), 2021-2026
Figure 29: Global: Whole Milk Powder (End-Use in Dairy) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 30: Global: Whole Milk Powder (End-Use in Dairy) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 31: Global: Whole Milk Powder (End-Use in Infant Formulae) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 32: Global: Whole Milk Powder (End-Use in Infant Formulae) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 33: Global: Whole Milk Powder (End-Use in Bakery) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 34: Global: Whole Milk Powder (End-Use in Bakery) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 35: Global: Whole Milk Powder (End-Use in Confectionary) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 36: Global: Whole Milk Powder (End-Use in Confectionary) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 37: Global: Whole Milk Powder (Other End-Use) Market: Volume Trends (in Million Tons), 2015 & 2020
Figure 38: Global: Whole Milk Powder (Other End-Use) Market Forecast: Volume Trends (in Million Tons), 2021-2026
Figure 39: Whole Milk Powder Manufacturing Plant: Detailed Process Flow
Figure 40: Whole Milk Powder Manufacturing Process: Conversion Rate of Products
Figure 41: Whole Milk Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 42: Whole Milk Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 43: Whole Milk Powder Manufacturing: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Whole Milk Powder Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Whole Milk Powder Market Forecast: Breakup by Region (in Million Tons), 2021-2026
Table 3: Global: Whole Milk Powder Market Forecast: Breakup by End Use (in Million Tons), 2021-2026
Table 4: Global: Whole Milk Powder Market: Competitive Structure
Table 5: Global: Whole Milk Powder Market: Key Players
Table 6: Whole Milk Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Whole Milk Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Milk Reception Section Equipment Costs (in US$)
Table 9: Milk Processing Section Equipment Costs (in US$)
Table 10: Whole Milk Powder Manufacturing Plant: Drying Section Equipment Costs (in US$)
Table 11: Whole Milk Powder Manufacturing Plant: Summary of Machinery Costs (in US$)    
Table 12: Whole Milk Powder Manufacturing Plant: Raw Material Requirements
Table 13: Whole Milk Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Whole Milk Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Whole Milk Powder Manufacturing Plant: Capital Costs (in US$)
Table 17: Whole Milk Powder Manufacturing Plant: Techno-Economic Parameters
Table 18: Whole Milk Powder Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Whole Milk Powder Manufacturing Plant:  Income Projections (in US$)
Table 20: Whole Milk Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Whole Milk Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Whole Milk Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Whole Milk Powder Manufacturing Plant: Profit and Loss Account (in US$) 

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Key Question Answered in this Report

The global whole milk powder market reached a volume of 5.10 Million Tons in 2020.

According to the estimates by IMARC Group, the global whole milk powder market is expected to grow at a CAGR of 3.40% during 2021-2026.

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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