Milk Powder Market is Predicted to Grow at Valuations of USD 34.5Billion in the Period of 2022-2032

The milk powder market  is expected to grow at a CAGR of around 5%, with a top valuation of USD 50 Bn by 2032.

Milk powder is made from various types of milk, which determines its composition. We get milk powder after spray drying or roller drying, which makes the product easy to store and transport, lowering storage and transportation costs.

A cup of milk powder also has four times the nutritional value of a cup of liquid milk. A scoop of skim milk powder can provide 30% of your daily calcium requirements, as well as other important minerals like selenium, phosphorous, magnesium, potassium, and zinc. It also aids in weight loss and is low in cholesterol, making it an excellent nutraceutical for treating cardiovascular disease.

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As a result of the growing demand for shelf stable functional foods, the milk powder market is expected to grow significantly.

Key Market Study Findings

• The global milk powder market is expected to be worth USD 34.5 billion in 2022 and to grow at a significant CAGR of around 5%.

• North America is expected to dominate the global milk powder market in 2022, with a 23.9 percent share, and to grow at a CAGR of around 4.6 percent over the forecast period. Then comes

• Whole milk powder dominates the type segment, accounting for more than half of the market in 2022, and is expected to grow at a CAGR of 4.1 percent over the forecasted period.

• Bakery & confectionary dominates the application segment, accounting for more than 40% of the market in 2022, and is expected to grow at a CAGR of 4.3 percent during the forecast period.
• The B2B distribution channel dominates the distribution channel segment, accounting for roughly 70% of market share in 2022, and is expected to grow at a CAGR of around 5% over the forecast period.

“The milk powder market will grow significantly as a large number of consumers have busy lifestyles, resulting in increased adoption of packaged food products,” predicts a Future Market Insights analyst.

Competitive Environment

To gain a competitive advantage in the market, the key players in the milk powder market are constantly expanding their product portfolio. Furthermore, these key players are engaging in merger and acquisition activities in order to reduce competition and increase their market share.

As an example –

• In July 2020, Mead Johnson, one of the world’s leading international paediatric nutrition companies, introduced new milk powder globally; and • In November 2019, Nestle, one of the world’s leading food and nutrition conglomerates, introduced high-end milk powder products for Chinese family consumers.

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Discover More Useful Information

In its new report, Future Market Insights provides an unbiased analysis of the global Milk Powders market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.

The study provides compelling insights across seven major regions of the world based on type (whole milk powder, skimmed milk powder, dairy whitener, fat filled milk powder, other milk powder), application (nutritional food, infant formulas, bakery & confectionary, others), and distribution channel (b2b, b2c (hypermarkets/supermarkets, convenience stores, specialty stores, retail stores, online retail).

Future Market Insights’ Food & Beverage Division

Future Market Insights’ Food & Beverage team provides all of the necessary insights and consulting analysis to meet the unique business intelligence needs of clients worldwide. With over 500 reports on the latest statistics and analysis from the food and beverage industry, the team is happy to assist with any business intelligence research and consulting needs.