Milk Powder Market Size(US$)

CAGR 2025-2031
1.7%
Market Size,2031
USD 20,420
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Milk Powder was estimated to be worth US$ 18180 million in 2024 and is forecast to a readjusted size of US$ 20420 million by 2031 with a CAGR of 1.7% during the forecast period 2025-2031.
Milk powder is a manufactured dairy product made, which is nutritious and healthy food used as a replacement of fresh milk.
Global Milk Powder key players include Nestle, DFA, Fonterra, etc. Global top three manufacturers hold a share about 30%.
China is the largest market, with a share about 25%, followed by Europe and North America both have a share over 30 percent.
In terms of product, Whole Milk Powder is the largest segment, with a share over 50%. And in terms of application, the largest application is Infant Formula Milk Powder, followed by Confectionery.
This report aims to provide a comprehensive presentation of the global market for Milk Powder, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Milk Powder by region & country, by Type, and by Application.
The Milk Powder market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Milk Powder.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Milk Powder manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Milk Powder in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Milk Powder in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
QYRESEARCH'S STRENGTHS
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Compound Chocolate value chain, addressing:
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TABLE OF CONTENTS
1 Market Overview
1.1 Milk Powder Product Introduction
1.2 Global Milk Powder Market Size Forecast
1.2.1 Global Milk Powder Sales Value (2020-2031)
1.2.2 Global Milk Powder Sales Volume (2020-2031)
1.2.3 Global Milk Powder Sales Price (2020-2031)
1.3 Milk Powder Market Trends & Drivers
1.3.1 Milk Powder Industry Trends
1.3.2 Milk Powder Market Drivers & Opportunity
1.3.3 Milk Powder Market Challenges
1.3.4 Milk Powder Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global Milk Powder Players Revenue Ranking (2024)
2.2 Global Milk Powder Revenue by Company (2020-2025)
2.3 Global Milk Powder Players Sales Volume Ranking (2024)
2.4 Global Milk Powder Sales Volume by Company Players (2020-2025)
2.5 Global Milk Powder Average Price by Company (2020-2025)
2.6 Key Manufacturers Milk Powder Manufacturing Base and Headquarters
2.7 Key Manufacturers Milk Powder Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Milk Powder
2.9 Milk Powder Market Competitive Analysis
2.9.1 Milk Powder Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Milk Powder Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Milk Powder as of 2024)
2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Skim Milk Powder
3.1.2 Whole Milk Powder
3.2 Global Milk Powder Sales Value by Type
3.2.1 Global Milk Powder Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Milk Powder Sales Value, by Type (2020-2031)
3.2.3 Global Milk Powder Sales Value, by Type (%) (2020-2031)
3.3 Global Milk Powder Sales Volume by Type
3.3.1 Global Milk Powder Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Milk Powder Sales Volume, by Type (2020-2031)
3.3.3 Global Milk Powder Sales Volume, by Type (%) (2020-2031)
3.4 Global Milk Powder Average Price by Type (2020-2031)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Infant Formula Milk Powder
4.1.2 Adult Formula Milk Powder
4.1.3 Confectionery
4.1.4 Others
4.2 Global Milk Powder Sales Value by Application
4.2.1 Global Milk Powder Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Milk Powder Sales Value, by Application (2020-2031)
4.2.3 Global Milk Powder Sales Value, by Application (%) (2020-2031)
4.3 Global Milk Powder Sales Volume by Application
4.3.1 Global Milk Powder Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Milk Powder Sales Volume, by Application (2020-2031)
4.3.3 Global Milk Powder Sales Volume, by Application (%) (2020-2031)
4.4 Global Milk Powder Average Price by Application (2020-2031)
5 Segmentation by Region
5.1 Global Milk Powder Sales Value by Region
5.1.1 Global Milk Powder Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Milk Powder Sales Value by Region (2020-2025)
5.1.3 Global Milk Powder Sales Value by Region (2026-2031)
5.1.4 Global Milk Powder Sales Value by Region (%), (2020-2031)
5.2 Global Milk Powder Sales Volume by Region
5.2.1 Global Milk Powder Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Milk Powder Sales Volume by Region (2020-2025)
5.2.3 Global Milk Powder Sales Volume by Region (2026-2031)
5.2.4 Global Milk Powder Sales Volume by Region (%), (2020-2031)
5.3 Global Milk Powder Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Milk Powder Sales Value, 2020-2031
5.4.2 North America Milk Powder Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Milk Powder Sales Value, 2020-2031
5.5.2 Europe Milk Powder Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Milk Powder Sales Value, 2020-2031
5.6.2 Asia Pacific Milk Powder Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Milk Powder Sales Value, 2020-2031
5.7.2 South America Milk Powder Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Milk Powder Sales Value, 2020-2031
5.8.2 Middle East & Africa Milk Powder Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Milk Powder Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Milk Powder Sales Value
6.2.1 Key Countries/Regions Milk Powder Sales Value, 2020-2031
6.2.2 Key Countries/Regions Milk Powder Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Milk Powder Sales Value, 2020-2031
6.3.2 United States Milk Powder Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Milk Powder Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Milk Powder Sales Value, 2020-2031
6.4.2 Europe Milk Powder Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Milk Powder Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Milk Powder Sales Value, 2020-2031
6.5.2 China Milk Powder Sales Value by Type (%), 2024 VS 2031
6.5.3 China Milk Powder Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Milk Powder Sales Value, 2020-2031
6.6.2 Japan Milk Powder Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Milk Powder Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Milk Powder Sales Value, 2020-2031
6.7.2 South Korea Milk Powder Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Milk Powder Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Milk Powder Sales Value, 2020-2031
6.8.2 Southeast Asia Milk Powder Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Milk Powder Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Milk Powder Sales Value, 2020-2031
6.9.2 India Milk Powder Sales Value by Type (%), 2024 VS 2031
6.9.3 India Milk Powder Sales Value by Application, 2024 VS 2031
7 Company Profiles
7.1 Danone
7.1.1 Danone Company Information
7.1.2 Danone Introduction and Business Overview
7.1.3 Danone Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Danone Milk Powder Product Offerings
7.1.5 Danone Recent Development
7.2 Nestle
7.2.1 Nestle Company Information
7.2.2 Nestle Introduction and Business Overview
7.2.3 Nestle Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Nestle Milk Powder Product Offerings
7.2.5 Nestle Recent Development
7.3 FrieslandCampina
7.3.1 FrieslandCampina Company Information
7.3.2 FrieslandCampina Introduction and Business Overview
7.3.3 FrieslandCampina Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 FrieslandCampina Milk Powder Product Offerings
7.3.5 FrieslandCampina Recent Development
7.4 Arla
7.4.1 Arla Company Information
7.4.2 Arla Introduction and Business Overview
7.4.3 Arla Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Arla Milk Powder Product Offerings
7.4.5 Arla Recent Development
7.5 Vreugdenhil Dairy
7.5.1 Vreugdenhil Dairy Company Information
7.5.2 Vreugdenhil Dairy Introduction and Business Overview
7.5.3 Vreugdenhil Dairy Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Vreugdenhil Dairy Milk Powder Product Offerings
7.5.5 Vreugdenhil Dairy Recent Development
7.6 Alpen Dairies
7.6.1 Alpen Dairies Company Information
7.6.2 Alpen Dairies Introduction and Business Overview
7.6.3 Alpen Dairies Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Alpen Dairies Milk Powder Product Offerings
7.6.5 Alpen Dairies Recent Development
7.7 California Dairies
7.7.1 California Dairies Company Information
7.7.2 California Dairies Introduction and Business Overview
7.7.3 California Dairies Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 California Dairies Milk Powder Product Offerings
7.7.5 California Dairies Recent Development
7.8 DFA
7.8.1 DFA Company Information
7.8.2 DFA Introduction and Business Overview
7.8.3 DFA Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 DFA Milk Powder Product Offerings
7.8.5 DFA Recent Development
7.9 Lactalis
7.9.1 Lactalis Company Information
7.9.2 Lactalis Introduction and Business Overview
7.9.3 Lactalis Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Lactalis Milk Powder Product Offerings
7.9.5 Lactalis Recent Development
7.10 Land O’Lakes
7.10.1 Land O’Lakes Company Information
7.10.2 Land O’Lakes Introduction and Business Overview
7.10.3 Land O’Lakes Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Land O’Lakes Milk Powder Product Offerings
7.10.5 Land O’Lakes Recent Development
7.11 Fonterra
7.11.1 Fonterra Company Information
7.11.2 Fonterra Introduction and Business Overview
7.11.3 Fonterra Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Fonterra Milk Powder Product Offerings
7.11.5 Fonterra Recent Development
7.12 Westland
7.12.1 Westland Company Information
7.12.2 Westland Introduction and Business Overview
7.12.3 Westland Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Westland Milk Powder Product Offerings
7.12.5 Westland Recent Development
7.13 Tatura
7.13.1 Tatura Company Information
7.13.2 Tatura Introduction and Business Overview
7.13.3 Tatura Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Tatura Milk Powder Product Offerings
7.13.5 Tatura Recent Development
7.14 Burra Foods
7.14.1 Burra Foods Company Information
7.14.2 Burra Foods Introduction and Business Overview
7.14.3 Burra Foods Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 Burra Foods Milk Powder Product Offerings
7.14.5 Burra Foods Recent Development
7.15 MG
7.15.1 MG Company Information
7.15.2 MG Introduction and Business Overview
7.15.3 MG Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 MG Milk Powder Product Offerings
7.15.5 MG Recent Development
7.16 Saputo
7.16.1 Saputo Company Information
7.16.2 Saputo Introduction and Business Overview
7.16.3 Saputo Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Saputo Milk Powder Product Offerings
7.16.5 Saputo Recent Development
7.17 Yili
7.17.1 Yili Company Information
7.17.2 Yili Introduction and Business Overview
7.17.3 Yili Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Yili Milk Powder Product Offerings
7.17.5 Yili Recent Development
7.18 Mengniu
7.18.1 Mengniu Company Information
7.18.2 Mengniu Introduction and Business Overview
7.18.3 Mengniu Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Mengniu Milk Powder Product Offerings
7.18.5 Mengniu Recent Development
7.19 Feihe
7.19.1 Feihe Company Information
7.19.2 Feihe Introduction and Business Overview
7.19.3 Feihe Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Feihe Milk Powder Product Offerings
7.19.5 Feihe Recent Development
7.20 Wondersun
7.20.1 Wondersun Company Information
7.20.2 Wondersun Introduction and Business Overview
7.20.3 Wondersun Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Wondersun Milk Powder Product Offerings
7.20.5 Wondersun Recent Development
7.21 Sodiaal
7.21.1 Sodiaal Company Information
7.21.2 Sodiaal Introduction and Business Overview
7.21.3 Sodiaal Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Sodiaal Milk Powder Product Offerings
7.21.5 Sodiaal Recent Development
7.22 Mead Johnson
7.22.1 Mead Johnson Company Information
7.22.2 Mead Johnson Introduction and Business Overview
7.22.3 Mead Johnson Milk Powder Sales, Revenue, Price and Gross Margin (2020-2025)
7.22.4 Mead Johnson Milk Powder Product Offerings
7.22.5 Mead Johnson Recent Development
8 Industry Chain Analysis
8.1 Milk Powder Industrial Chain
8.2 Milk Powder Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Milk Powder Sales Model
8.5.2 Sales Channel
8.5.3 Milk Powder Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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REPORT COVERAGE
DESCRIPTION
MARKET SEGMENTATION
QYRESEARCH'S STRENGTHS
TABLE OF CONTENTS
TABLE OF FIGURES
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