Milk Powder Market Updates

Global Milk Powder Market size was valued at USD 35.26 Billion in 2023 and is poised to grow from USD 36.63 Billion in 2024 to USD 53.41 Billion by 2032, growing at a CAGR of 3.90% in the forecast period (2025-2032).

The major players in the highly competitive milk powder market invest more in innovation, quality, and sustainability to get an edge. Market leaders include diversified product portfolios and strong distribution networks of companies such as Nestlé, Danone, Fonterra, and FrieslandCampina. Small companies occupy new, very tight areas; full of organic, clean-label, plant-based options, such as plant-based foods and beverages. Growing competition has boosted R&D spending almost as rapidly as joint ventures and regional expansion have multiplied globally available markets into the organic foods and beverages industry. 'Nestlé S.A.', 'Danone S.A.', 'Fonterra Co-operative Group Limited', 'FrieslandCampina N.V.', 'Arla Foods amba', 'Saputo Inc.', 'Lactalis Group', 'Dean Foods Company', 'Glanbia PLC', 'Amul (Gujarat Cooperative Milk Marketing Federation)', 'Yili Group', 'Meiji Holdings Co., Ltd.', 'Murray Goulburn Co-operative Co. Limited', 'Tatua Co-operative Dairy Company Ltd.', 'Parmalat S.p.A.'

The demand for milk powder is mainly driven by the increasing interest in dairy products globally, especially in developing countries. It is essential in processed foods, baby formulae, and cooking because of its multiple uses. Due to the increase in salaries, dietary changes in the different countries have led to more milk usage. Thus, milk powder as a valuable source of nutrients lot more products to cater for business families.

Demand for Clean-Label and Organic Products: The milk powder industry is embracing the global trend toward organic and clean-label products. As customers gradually give more importance to sustainability and transparency, they are opting for little additive milk powder from organic farms. It allows producers to modify and broaden their organic product lines to answer the growing demand for eco-friendly procedures and goods that complement moral and health-conscious lives.

The high dairy product consumption of the region along with the ever-increasing need for rapid and easy meals is a reason North America dominated the milk powder market in 2024. There is considerable demand for milk powder in the US and Canada, particularly for applications, including baked goods, nutritional supplements, and baby formulae. Milk powder is widely used for home and commercial purposes, and the busy lifestyles of customers in this region indicate the demand for quick and flexible food products. Furthermore, there is an increasing demand for skimmed and low-fat milk powders due to the popularity of high-protein diets and healthy eating habits. The availability of milk powder throughout North America is further supported by strong distribution networks.