Whole Milk Powder Market

Global Whole Milk Powder Market Size (2024 to 2029)

Whole Milk Powder Market size was estimated at USD 0.8 Million in 2023 and is expected to reach over USD 13.6 Million by 2028. 

Dairy products are made from milk or products that contain milk. A variety of dairy products like cheese, yogurt, and butter are available in the market. The facilities that supply dairy products are called dairy factories. A range of milk-based products such as kefir, skim milk, farm milk, powdered milk, cooked milk, condensed milk, evaporated milk, infant formula and others are available on the market. Dairy powdered products can be classified as whey powder, whole milk powder, skimmed powder, high-fat milk powder and others. Powdered milk, also known as Milk Powder, is produced by removing moisture and water content from milk. The primary purpose of drying milk is its long storage. Compared to liquid milk, milk powder has a longer shelf life and does not require refrigeration due to lack of moisture. Powdered milk is also easier to transport and cheaper compared to liquid milk. Whole milk powder is one that has the full nutritional value of liquid milk in powder form, including fat content. Whole milk powder has fixed nutrient levels and is designed for most applications. 

MARKET DRIVERS AND RESTRAINTS:

Whole milk powder is an easily reconstituted solid form of liquid milk and an inexpensive source of dairy products. Using whole milk powder instead of liquid milk can reduce storage and transportation costs. Reduced storage space and uncooled shipping and storage of entire milk powder result in cost savings. Whole milk powder can be made using two processes, spray drying and roller drying. Spray-dried whole milk powder is used more widely than milk powder. In addition to the values ​​of protein, calcium and other nutrients, several other properties are obtained by adding whole milk powder to the diet. Whole milk powder is also used as a substitute at the water/oil interfaces to facilitate the formulation of fat emulsions. Factors such as the increased use of powdered milk in baby foods and the presence of various nutrients such as vitamin C, vitamin B12, thiamine and high amounts of protein drive the world milk market. The whole milk powder market is supposed to have strong growth potential due to the various advantages of whole milk powder in the food industry. Many food manufacturers in regions such as North America and Latin America primarily use powdered whole milk compared to other whey products. If other areas adopt the same practice, the world market for milk powder is presumed to experience phenomenal growth during the outlook period. Food manufacturers consume the majority of whole milk powder in the United States. Today, scientists and food manufacturers are new ways to use whole milk powder economically without harming the environment.

REPORT COVERAGE: 

SEGMENTAL ANALYSIS

Global Whole Milk Powder Market Analysis By Basis Of Type:

• Dry Whey Products
• Dry Buttermilk
• Dry Whole Milk
• Dry Dairy Blends
• Non-Fat Dry Milk

Global Whole Milk Powder Market Analysis By Basis Of Application:

• Nutritional Foods
• Infant Formulas
• Confectionaries
• Baked Sweets & Savouries

REGIONAL ANALYSIS

The North American Whole Milk Powder was further segmented in the United States, Canada, and Mexico. The European Whole Milk Powder market has been ranked in the United Kingdom, Germany, France, Italy, Spain and the rest of Europe. The Asia-Pacific Whole Milk Powder market has been divided into China, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The Whole Milk Powder market in the rest of the world has been segmented into South America, the Middle East and Africa. 

Among all the regions, after an in-depth regional analysis of the milk powder market, Europe should maintain its leading position. The European market had a significant share of 30% to 33% of the global share of the Whole Milk Powder market in 2018. As per the European Dairy Association annual report of 2018, there are more than 12,000 milk production sites in Europe which bring in more than $11.2 billion to the overall Europe trade balance. Milk and cheese powder performed best among EU exports of various dairy products, and skimmed milk powder hit a new record high of almost 800,000 tonnes in 2017. On December 8, 2017, the EU and Japan reached an agreement to reduce EU export tariffs on skimmed milk powder by 95%. 

North America is expected to be the second-highest market for Whole Milk Powder due to the high disposable income per capita and the fast lifestyle of people. Also, the availability of various types of fortified whole milk powder should drive the growth of Whole Milk Powder business in this area. Asia Pacific is expected to grow to the highest CAGR in the entire milk powder market due to the growing population and changing consumer perception in the region of packaged foods. While in LAMEA, the demand for Whole Milk Powder continues to multiply due to changes in consumers' work and lifestyles, which has encouraged locals to begin to depend on packaged foods. Besides, the increased consumption of infant formula has increased the demand for powdered milk in the region.

KEY PLAYERS IN THE WHOLE MILK POWDER

Key Players In The Whole Milk Powder are Saputo Inc, Alpen Food Group BV, Lactalis Group, Danone SA, Schreiber Foods Inc, Arla Foods amba, China Mengniu Dairy Co. Ltd, Dean Foods Co, Fonterra Cooperative Group Ltd, Royal Friesland Campina NV, Nestle SA,The Kraft Heinz Co.

RECENT HAPPENINGS IN THE MARKET:

• In 2016, Lactalis, a French conglomerate, is one of the world's largest dairy producers in Asia, Africa, the Middle East, and the French overseas departments. It entered India in 2013 by acquiring a 100% stake in Tirumala for around INR 1895 million. The company acquired the dairy business of Anik Industries Limited managed at its factories located in Dewas.

• Mengniu announced plans to buy Bellamy's Australia at a price of no more than AUD 1.46 billion (HKD 7.86 billion), with an expected share of AUD 12.65 per share. Bellamy's net profit after tax is $ 21.7 million for the fiscal year 2019. The P / E ratio is 67 times. Bellamy is the first Australian brand of organic milk powder.
• In November 2017, NZMP, Fonterra's global ingredient brand, announced the launch of NZMP GOLD Whole Milk Powder for UHT. Explicitly designed for UHT beverages, the new product provides manufacturers with longer production cycles compared to standard milk powder, as well as cleaner labeling on their end product and consistent shelf-life stability. It has excellent solubility, and flow properties, as well as the luxurious manufacturers of creamy aromas, expect premium NZMP dairy ingredients.

DETAILED SEGMENTATION OF GLOBAL WHOLE MILK POWDER INCLUDED IN THIS REPORT    

This research report on the Global Whole Milk Powder has been segmented and sub-segmented based on Basis Of Type, Basis Of Application, & Region.            

By Basis Of Type:

• Dry Whey Products
• Dry Buttermilk
• Dry Whole Milk
• Dry Dairy Blends
• Non-Fat Dry Milk

By Basis Of Application:

• Nutritional Foods
• Infant Formulas
• Confectionaries
• Baked Sweets & Savouries

By Region:

• North America
• Europe
• Asia-Pacific
• Middle East
• Latin America