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 valued at US$ 18180 million in the year 2024 and is projected to reach a revised size of US$ 20420 million by 2031, growing at a CAGR of 1.7% during the forecast period.
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.
REPORT SCOPE
This report aims to provide a comprehensive presentation of the global market for Milk Powder, 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.
The Milk Powder market size, estimations, and forecasts are provided in terms of sales volume (K MT) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Milk Powder market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Milk Powder manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
By Company
Danone
Nestle
FrieslandCampina
Arla
Vreugdenhil Dairy
Alpen Dairies
California Dairies
DFA
Lactalis
Land O’Lakes
Fonterra
Westland
Tatura
Burra Foods
MG
Saputo
Yili
Mengniu
Feihe
Wondersun
Sodiaal
Mead Johnson
Segment by Type
Skim Milk Powder
Whole Milk Powder
Segment by Application
Infant Formula Milk Powder
Adult Formula Milk Powder
Confectionery
Others
Consumption by Region
North America
U.S.
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Middle East and Africa
Turkey
Saudi Arabia
UAE
Core Chapters
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
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: Sales, revenue of Milk Powder in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 4: 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 5: 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 6: 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 7: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 8: Introduces 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 9: The main points and conclusions of the report.
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:
We identify regional market threats and growth prospects to guide your overseas layout.
We adjust product portfolios in line with local consumption habits.
We unpack rivals’ operation strategies for scattered and highly concentrated industries.
We cover competition landscape, full supply chain and quantified market size data, and deliver tailor-made customized surveys to meet your unique business demands.
We own self-owned massive exclusive databases, backed by 19 years of global market research experience across thousands of sectors.
Our team operates 24 hours a day, 365 days a year, enabling ultra-fast report turnaround to respond to your research needs efficiently.
We integrate regional risk assessment, localized product optimization and competitor analysis to deliver actionable market strategies.
All data is cross-verified from multiple industry sources to deliver thorough, precise analysis that supports reliable corporate strategic decisions.
We provide responsive, dedicated after-sales support to resolve all follow-up inquiries about reports, data and industry interpretation.
TABLE OF CONTENTS
1 Milk Powder Market Overview
1.1 Product Definition
1.2 Milk Powder by Type
1.2.1 Global Milk Powder Market Value Comparison by Type (2024 VS 2031)
1.2.2 Skim Milk Powder
1.2.3 Whole Milk Powder
1.3 Milk Powder by Application
1.3.1 Global Milk Powder Market Value by Application (2024 VS 2031)
1.3.2 Infant Formula Milk Powder
1.3.3 Adult Formula Milk Powder
1.3.4 Confectionery
1.3.5 Others
1.4 Global Milk Powder Market Size Estimates and Forecasts
1.4.1 Global Milk Powder Revenue 2020-2031
1.4.2 Global Milk Powder Sales 2020-2031
1.4.3 Global Milk Powder Market Average Price (2020-2031)
1.5 Assumptions and Limitations
2 Milk Powder Market Competition by Manufacturers
2.1 Global Milk Powder Sales Market Share by Manufacturers (2020-2025)
2.2 Global Milk Powder Revenue Market Share by Manufacturers (2020-2025)
2.3 Global Milk Powder Average Price by Manufacturers (2020-2025)
2.4 Global Key Players of Milk Powder, Industry Ranking, 2022 VS 2023 VS 2024
2.5 Global Key Manufacturers of Milk Powder, Manufacturing Sites & Headquarters
2.6 Global Key Manufacturers of Milk Powder, Product Type & Application
2.7 Global Key Manufacturers of Milk Powder, Date of Enter into This Industry
2.8 Global Milk Powder Market Competitive Situation and Trends
2.8.1 Global Milk Powder Market Concentration Rate
2.8.2 The Global 5 and 10 Largest Milk Powder Players Market Share by Revenue
2.8.3 Global Milk Powder Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.9 Manufacturers Mergers & Acquisitions, Expansion Plans
3 Global Milk Powder Market Scenario by Region
3.1 Global Milk Powder Market Size by Region: 2020 Versus 2024 Versus 2031
3.2 Global Milk Powder Sales by Region: 2020-2031
3.2.1 Global Milk Powder Sales by Region: 2020-2025
3.2.2 Global Milk Powder Sales by Region: 2026-2031
3.3 Global Milk Powder Revenue by Region: 2020-2031
3.3.1 Global Milk Powder Revenue by Region: 2020-2025
3.3.2 Global Milk Powder Revenue by Region: 2026-2031
3.4 North America Milk Powder Market Facts & Figures by Country
3.4.1 North America Milk Powder Market Size by Country: 2020 VS 2024 VS 2031
3.4.2 North America Milk Powder Sales by Country (2020-2031)
3.4.3 North America Milk Powder Revenue by Country (2020-2031)
3.4.4 U.S.
3.4.5 Canada
3.5 Europe Milk Powder Market Facts & Figures by Country
3.5.1 Europe Milk Powder Market Size by Country: 2020 VS 2024 VS 2031
3.5.2 Europe Milk Powder Sales by Country (2020-2031)
3.5.3 Europe Milk Powder Revenue by Country (2020-2031)
3.5.4 Germany
3.5.5 France
3.5.6 U.K.
3.5.7 Italy
3.5.8 Russia
3.6 Asia Pacific Milk Powder Market Facts & Figures by Region
3.6.1 Asia Pacific Milk Powder Market Size by Region: 2020 VS 2024 VS 2031
3.6.2 Asia Pacific Milk Powder Sales by Region (2020-2031)
3.6.3 Asia Pacific Milk Powder Revenue by Region (2020-2031)
3.6.4 China
3.6.5 Japan
3.6.6 South Korea
3.6.7 India
3.6.8 Australia
3.6.9 Taiwan
3.6.10 Indonesia
3.6.11 Thailand
3.6.12 Malaysia
3.6.13 Philippines
3.7 Latin America Milk Powder Market Facts & Figures by Country
3.7.1 Latin America Milk Powder Market Size by Country: 2020 VS 2024 VS 2031
3.7.2 Latin America Milk Powder Sales by Country (2020-2031)
3.7.3 Latin America Milk Powder Revenue by Country (2020-2031)
3.7.4 Mexico
3.7.5 Brazil
3.7.6 Argentina
3.8 Middle East and Africa Milk Powder Market Facts & Figures by Country
3.8.1 Middle East and Africa Milk Powder Market Size by Country: 2020 VS 2024 VS 2031
3.8.2 Middle East and Africa Milk Powder Sales by Country (2020-2031)
3.8.3 Middle East and Africa Milk Powder Revenue by Country (2020-2031)
3.8.4 Turkey
3.8.5 Saudi Arabia
3.8.6 UAE
4 Segment by Type
4.1 Global Milk Powder Sales by Type (2020-2031)
4.1.1 Global Milk Powder Sales by Type (2020-2025)
4.1.2 Global Milk Powder Sales by Type (2026-2031)
4.1.3 Global Milk Powder Sales Market Share by Type (2020-2031)
4.2 Global Milk Powder Revenue by Type (2020-2031)
4.2.1 Global Milk Powder Revenue by Type (2020-2025)
4.2.2 Global Milk Powder Revenue by Type (2026-2031)
4.2.3 Global Milk Powder Revenue Market Share by Type (2020-2031)
4.3 Global Milk Powder Price by Type (2020-2031)
5 Segment by Application
5.1 Global Milk Powder Sales by Application (2020-2031)
5.1.1 Global Milk Powder Sales by Application (2020-2025)
5.1.2 Global Milk Powder Sales by Application (2026-2031)
5.1.3 Global Milk Powder Sales Market Share by Application (2020-2031)
5.2 Global Milk Powder Revenue by Application (2020-2031)
5.2.1 Global Milk Powder Revenue by Application (2020-2025)
5.2.2 Global Milk Powder Revenue by Application (2026-2031)
5.2.3 Global Milk Powder Revenue Market Share by Application (2020-2031)
5.3 Global Milk Powder Price by Application (2020-2031)
6 Key Companies Profiled
6.1 Danone
6.1.1 Danone Company Information
6.1.2 Danone Description and Business Overview
6.1.3 Danone Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.1.4 Danone Milk Powder Product Portfolio
6.1.5 Danone Recent Developments/Updates
6.2 Nestle
6.2.1 Nestle Company Information
6.2.2 Nestle Description and Business Overview
6.2.3 Nestle Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.2.4 Nestle Milk Powder Product Portfolio
6.2.5 Nestle Recent Developments/Updates
6.3 FrieslandCampina
6.3.1 FrieslandCampina Company Information
6.3.2 FrieslandCampina Description and Business Overview
6.3.3 FrieslandCampina Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.3.4 FrieslandCampina Milk Powder Product Portfolio
6.3.5 FrieslandCampina Recent Developments/Updates
6.4 Arla
6.4.1 Arla Company Information
6.4.2 Arla Description and Business Overview
6.4.3 Arla Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.4.4 Arla Milk Powder Product Portfolio
6.4.5 Arla Recent Developments/Updates
6.5 Vreugdenhil Dairy
6.5.1 Vreugdenhil Dairy Company Information
6.5.2 Vreugdenhil Dairy Description and Business Overview
6.5.3 Vreugdenhil Dairy Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.5.4 Vreugdenhil Dairy Milk Powder Product Portfolio
6.5.5 Vreugdenhil Dairy Recent Developments/Updates
6.6 Alpen Dairies
6.6.1 Alpen Dairies Company Information
6.6.2 Alpen Dairies Description and Business Overview
6.6.3 Alpen Dairies Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.6.4 Alpen Dairies Milk Powder Product Portfolio
6.6.5 Alpen Dairies Recent Developments/Updates
6.7 California Dairies
6.7.1 California Dairies Company Information
6.7.2 California Dairies Description and Business Overview
6.7.3 California Dairies Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.7.4 California Dairies Milk Powder Product Portfolio
6.7.5 California Dairies Recent Developments/Updates
6.8 DFA
6.8.1 DFA Company Information
6.8.2 DFA Description and Business Overview
6.8.3 DFA Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.8.4 DFA Milk Powder Product Portfolio
6.8.5 DFA Recent Developments/Updates
6.9 Lactalis
6.9.1 Lactalis Company Information
6.9.2 Lactalis Description and Business Overview
6.9.3 Lactalis Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.9.4 Lactalis Milk Powder Product Portfolio
6.9.5 Lactalis Recent Developments/Updates
6.10 Land O’Lakes
6.10.1 Land O’Lakes Company Information
6.10.2 Land O’Lakes Description and Business Overview
6.10.3 Land O’Lakes Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.10.4 Land O’Lakes Milk Powder Product Portfolio
6.10.5 Land O’Lakes Recent Developments/Updates
6.11 Fonterra
6.11.1 Fonterra Company Information
6.11.2 Fonterra Description and Business Overview
6.11.3 Fonterra Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.11.4 Fonterra Milk Powder Product Portfolio
6.11.5 Fonterra Recent Developments/Updates
6.12 Westland
6.12.1 Westland Company Information
6.12.2 Westland Description and Business Overview
6.12.3 Westland Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.12.4 Westland Milk Powder Product Portfolio
6.12.5 Westland Recent Developments/Updates
6.13 Tatura
6.13.1 Tatura Company Information
6.13.2 Tatura Description and Business Overview
6.13.3 Tatura Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.13.4 Tatura Milk Powder Product Portfolio
6.13.5 Tatura Recent Developments/Updates
6.14 Burra Foods
6.14.1 Burra Foods Company Information
6.14.2 Burra Foods Description and Business Overview
6.14.3 Burra Foods Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.14.4 Burra Foods Milk Powder Product Portfolio
6.14.5 Burra Foods Recent Developments/Updates
6.15 MG
6.15.1 MG Company Information
6.15.2 MG Description and Business Overview
6.15.3 MG Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.15.4 MG Milk Powder Product Portfolio
6.15.5 MG Recent Developments/Updates
6.16 Saputo
6.16.1 Saputo Company Information
6.16.2 Saputo Description and Business Overview
6.16.3 Saputo Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.16.4 Saputo Milk Powder Product Portfolio
6.16.5 Saputo Recent Developments/Updates
6.17 Yili
6.17.1 Yili Company Information
6.17.2 Yili Description and Business Overview
6.17.3 Yili Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.17.4 Yili Milk Powder Product Portfolio
6.17.5 Yili Recent Developments/Updates
6.18 Mengniu
6.18.1 Mengniu Company Information
6.18.2 Mengniu Description and Business Overview
6.18.3 Mengniu Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.18.4 Mengniu Milk Powder Product Portfolio
6.18.5 Mengniu Recent Developments/Updates
6.19 Feihe
6.19.1 Feihe Company Information
6.19.2 Feihe Description and Business Overview
6.19.3 Feihe Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.19.4 Feihe Milk Powder Product Portfolio
6.19.5 Feihe Recent Developments/Updates
6.20 Wondersun
6.20.1 Wondersun Company Information
6.20.2 Wondersun Description and Business Overview
6.20.3 Wondersun Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.20.4 Wondersun Milk Powder Product Portfolio
6.20.5 Wondersun Recent Developments/Updates
6.21 Sodiaal
6.21.1 Sodiaal Company Information
6.21.2 Sodiaal Description and Business Overview
6.21.3 Sodiaal Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.21.4 Sodiaal Milk Powder Product Portfolio
6.21.5 Sodiaal Recent Developments/Updates
6.22 Mead Johnson
6.22.1 Mead Johnson Company Information
6.22.2 Mead Johnson Description and Business Overview
6.22.3 Mead Johnson Milk Powder Sales, Revenue and Gross Margin (2020-2025)
6.22.4 Mead Johnson Milk Powder Product Portfolio
6.22.5 Mead Johnson Recent Developments/Updates
7 Industry Chain and Sales Channels Analysis
7.1 Milk Powder Industry Chain Analysis
7.2 Milk Powder Raw Material Supply Analysis
7.2.1 Key Raw Materials
7.2.2 Raw Materials Key Suppliers
7.3 Milk Powder Production Mode & Process Analysis
7.4 Milk Powder Sales and Marketing
7.4.1 Milk Powder Sales Channels
7.4.2 Milk Powder Distributors
7.5 Milk Powder Customer Analysis
8 Milk Powder Market Dynamics
8.1 Milk Powder Industry Trends
8.2 Milk Powder Market Drivers
8.3 Milk Powder Market Challenges
8.4 Milk Powder Market Restraints
9 Research Findings and Conclusion
10 Methodology and Data Source
10.1 Methodology/Research Approach
10.1.1 Research Programs/Design
10.1.2 Market Size Estimation
10.1.3 Market Breakdown and Data Triangulation
10.2 Data Source
10.2.1 Secondary Sources
10.2.2 Primary Sources
10.3 Author List
10.4 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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TABLE OF FIGURES
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