IMARC Group, a leading market research company, has recently releases report titled “Whole Milk Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global whole milk powder market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the whole milk powder market?

Report Attributes Details
Market Size in 2022 6.2 Million Tons
Market Forecast in 2028 7.5 Million Tons
Growth rate (2023 to 2028) CAGR of 3.2%
Base Year of the Analysis 2022
Forecast Period 2023-2028

What is Whole Milk Powder?

Whole milk powder is a factory-produced dairy product that is prepared by dehydrating pasteurized milk through evaporation or spray drying procedures in heated chambers until it forms into powder. This approach helps lower the moisture content from the product, resulting in reduced milk weight and extended shelf life without refrigeration. Whole milk powder exhibits similar nutritional values as fluid milk. It can also be fortified with nutrients such as vitamins and calcium to increase its nutritional value. In addition to this, it has a creamy texture and a pleasant taste and is easy to transport over long distances without deterioration in quality. As a result, whole milk powder finds application in infant formulas, confectionaries, baked desserts, and savory items.

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Whole Milk Powder Market Trends:

The increasing consumption of various dairy products is primarily driving the market growth. Furthermore, the rising utilization of the powder in the food and beverage (F&B) sector as a hydrating, color-emulsifying, foaming, and thickening agent is favoring the market growth. Moreover, the escalating product usage in bakery products, breakfast cereals, dairy-based desserts, chocolates, coffee whiteners, milkshakes, soups and sauces, and toffees to add texture is propelling the market growth. Additionally, significant technological advancements in whole milk manufacturing operations across food manufacturing units are impelling the market growth. Besides this, extensive celebrity endorsements, the advent of low-fat product versions by key players with effective packaging, and their availability across multiple distribution channels are supporting the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

  •  Lactalis International
  • Nestlé S.A.
  • Fonterra Co-operative Group Limited
  • Royal FrieslandCampina N.V.
  • Danone S.A.

Key Market Segmentation:

The report has segmented the global whole milk powder market on the basis of end-use and region.

Breakup by End Use:

  • Dairy
  • Infant Formulae
  • Bakery
  • Confectionery
  • Others

Market Breakup by Region:

  • North America (United States, Canada)
  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa

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