Asia Pacific Milk Powder Market

Asia Pacific Milk Powder Market Size (2024 to 2032)

The Asia Pacific Milk Powder Market Size is worth USD 7.12 billion in 2024 and estimated to be growing at a CAGR of 5.15%, to reach USD 10.64 billion by 2032.

Milk powder is a dairy product which is obtained by evaporating milk until the milk becomes dry in the form of a powder. The main purpose of manufacturing milk powder is for preservation due to its low moisture content. It also saves transportation costs since the water is removed by heating.

Milk Powder is used in a wide array of applications. It is used in the preparation of infant’s formula and confectionaries like caramel candy and chocolate. It is also used in the preparation of famous Indian desserts Gulab Jamun and Chum-Chum. In food aid supplies for war struck countries, it is a common item since fresh milk is not a feasible option. It is heavily used in developing countries owing to low storage and transportation costs. Since milk powder resembles cocaine and other similar recreational drugs, it finds applications in film making as a prop. 

Market Drivers 

The Asia Pacific Milk Powder market is driven by factors like diet preferences shifting towards dairy-rich tastes, high shelf life owing to less moisture content, reduced transportation and storage costs, rising disposable incomes and increasing adoption of powdered milk as alternative to fresh milk among others.

Market Restraints

However, the market is constrained by factors like concerns for ultra-high temperature milk, reduced nutritional content and stringent regulations.

Segmental Analysis

Asia Pacific Milk Powder Market By Type

•  Dry buttermilk
• Dry whey products
• Dry whole milk
• Dry dairy blends
• Non-fat dry milk

Asia Pacific Milk Powder Market By Application

• Infant formulas
• Nutritional formulas
• Confectionaries
• Baked sweets
• Savouries

Asia Pacific Milk Powder Market By Function

•  Foaming
• Emulsification
• Flavouring
• Thickening

Regional Analysis

• India
• China
• Australia
• New Zealand

Asia Pacific has the second largest market for milk powder in the world by share and is also the fastest growing region. New Zealand is the largest exporter of milk powder in the world. Factors such as rising disposable incomes and growing adoption of milk powder as an alternative to fresh milk is expected to drive the market growth in the region.

Key Players in the Market

Some of the major players in the market include Nestle (Switzerland),  Danone (France), Lactalis (France), Frieslandcampina (Netherlands), Fonterra (New Zealand), Dean Foods (U.S.), Arla Foods (Denmark), Dairy Farmers Of America (U.S.), Kraft Foods (U.S.), Saputo (Canada).