Global Dry Whole Milk Powder Market to Reach US$17.7 Billion by 2030

The global market for Dry Whole Milk Powder estimated at US$12.8 Billion in the year 2023, is expected to reach US$17.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2023-2030. Instant, one of the segments analyzed in the report, is expected to record a 5.7% CAGR and reach US$6.2 Billion by the end of the analysis period. Growth in the Regular segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$3.4 Billion While China is Forecast to Grow at 7.7% CAGR

The Dry Whole Milk Powder market in the U.S. is estimated at US$3.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 7.7% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.7% and 4.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Dry Whole Milk Powder Market - Key Trends & Drivers Summarized

Why Is Dry Whole Milk Powder Becoming a Staple in the Food Industry?

Dry whole milk powder has become a crucial ingredient in the food and beverage industry due to its long shelf life, ease of storage, and versatility in various food applications. It is extensively used in dairy products, bakery items, confectioneries, and infant formulas, providing essential nutrients like protein, vitamins, and minerals. The convenience offered by milk powder, which can be easily reconstituted into liquid form or incorporated into recipes, has made it popular among food manufacturers and consumers alike. In regions where fresh milk availability is limited due to infrastructure or climatic conditions, dry whole milk powder serves as an important source of nutrition. The growing demand for processed and ready-to-eat foods, as well as the expansion of the bakery and confectionery sectors, continues to drive the consumption of dry whole milk powder.

How Are Production Techniques and Technologies Advancing the Market?

Technological advancements in milk powder production, such as spray drying and roller drying methods, have significantly improved the quality, nutritional profile, and shelf stability of dry whole milk powder. Modern spray drying techniques allow for the production of fine, easily dissolvable powder, which retains the milk’s nutritional value and flavor. Moreover, the incorporation of additives and fortification processes enhances the nutritional content, catering to health-conscious consumers and specific dietary needs such as those in infant formulas and sports nutrition products. Automation in manufacturing facilities ensures consistency in quality and increases production efficiency, meeting the rising global demand. Packaging innovations, such as airtight and lightweight pouches, further extend the shelf life and convenience of transporting and storing milk powder, enhancing its appeal in both developed and developing markets.

Who Are the Primary Consumers of Dry Whole Milk Powder?

Dry whole milk powder is widely utilized by various sectors, including the food and beverage industry, household consumers, and the pharmaceutical industry. Food manufacturers use it extensively in dairy products, confectioneries, baked goods, and prepared meals due to its versatility and nutritional benefits. In the pharmaceutical sector, milk powder is an essential ingredient in dietary supplements and nutritional formulas designed for infants and individuals with specific dietary needs. Household consumers also prefer dry whole milk powder for its convenience and long shelf life, especially in regions with limited access to fresh milk. In emerging markets where dairy infrastructure is less developed, milk powder serves as a reliable source of nutrition and a cost-effective alternative to fresh milk, supporting its widespread use.

What Factors Are Driving the Growth of the Dry Whole Milk Powder Market?

The growth in the dry whole milk powder market is driven by several factors, including increasing demand for processed and convenience foods, expanding bakery and confectionery industries, and rising consumption in emerging markets. The preference for long-shelf-life dairy products that are easy to transport and store has led food manufacturers to increasingly incorporate milk powder into their products. The expansion of the bakery, confectionery, and ready-to-eat food sectors, which rely heavily on milk powder as a key ingredient, also contributes to market growth. In emerging markets, where access to fresh milk is limited, the adoption of milk powder as a primary dairy source is on the rise, further boosting demand. Technological advancements that enhance the quality and nutritional value of milk powder products, as well as innovations in packaging that improve shelf life, continue to propel market growth globally.