According to Stratistics MRC, the Global Milk Powder Market is accounted for $31.61 billion in 2022 and is expected to reach $46.91 billion by 2028 growing at a CAGR of 6.8% during the forecast period.
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Milk powder is a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. Because it is convenient to use and has a longer shelf life, it is widely utilized by consumers as an alternative to fresh milk in a wide range of food preparations, including confectionaries, infant formulas, savory items, and desserts. Its ability to bind water, along with its foaming and emulsifying properties, make milk powder an important food ingredient.
North America has a well-established dairy industry, with countries like the United States and Canada being major milk producers. The countries in the region have efficient dairy farming practices and advanced milk processing facilities, allowing them to produce a substantial amount of milk powder domestically. This domestic production caters to both local demand and export markets. Additionally, this region has a significant market for infant formula, and milk powder serves as a vital ingredient in its production. The demand for infant formula is driven by factors such as population growth, increasing disposable income, and working mothers.
Types Covered:
• Skimmed Milk powder
• Whole Milk Powder
• Fat Filled Milk Powder
• Buttermilk Powder
• Fat Filled Milk Powder
• Dairy Whitener
• Other Types
Functions Covered:
• Emulsification
• Foaming
• Flavouring
• Thickening
Distribution Channels Covered:
• Business to Business
• Business to Customer
• Other Distribution Channels
Applications Covered:
• Bakery & Confectionary
• Nutritional Food
• Infant Formulas
• Savories
• Household
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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