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 Milk Powder market size was 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.
By 2025, the evolving U.S. tariff policy is poised to inject considerable uncertainty into the global economic landscape. This report delves into the latest U.S. tariff measures and the corresponding policy responses across the globe, evaluating their impacts on Milk Powder market competitiveness, regional economic performance, and supply chain configurations.
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.
The global Milk Powder market is strategically segmented by company, region (country), by Type, and by Application. This report empowers stakeholders to capitalize on emerging opportunities, optimize product strategies, and outperform competitors through data-driven insights on sales, revenue, and forecasts across regions, by Type, and by Application for 2020-2031.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Report scope, executive summary, and market evolution scenarios (short/mid/long term).
Chapter 2: Quantitative analysis of Milk Powder market size and growth potential at global, regional, and country levels.
Chapter 3: Competitive benchmarking of manufacturers (revenue, market share, M&A, R&D focus).
Chapter 4: Type-based segmentation analysis – Uncovering blue ocean markets (e.g., Whole Milk Powder in China).
Chapter 5: Application-based segmentation analysis – High-growth downstream opportunities (e.g., Adult Formula Milk Powder in India).
Chapter 6: Regional sales and revenue breakdown by company, type, application and customer.
Chapter 7: Key manufacturer profiles – Financials, product portfolios, and strategic developments.
Chapter 8: Market dynamics – Drivers, restraints, regulatory impacts, and risk mitigation strategies.
Chapter 9: Actionable conclusions and strategic recommendations.
Why This Report?
Beyond standard market data, this analysis provides a clear profitability roadmap, empowering you to:
Unlike generic global market reports, this study combines macro-level industry trends with hyper-local operational intelligence, empowering data-driven decisions across the Milk Powder value chain, addressing:
- Market entry risks/opportunities by region
- Product mix optimization based on local practices
- Competitor tactics in fragmented vs. consolidated markets
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 Market Overview
1.1 Milk Powder Product Scope
1.2 Milk Powder by Type
1.2.1 Global Milk Powder Sales by Type (2020 & 2024 & 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 Sales Comparison by Application (2020 & 2024 & 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 Estimates and Forecasts (2020-2031)
1.4.1 Global Milk Powder Market Size in Value Growth Rate (2020-2031)
1.4.2 Global Milk Powder Market Size in Volume Growth Rate (2020-2031)
1.4.3 Global Milk Powder Price Trends (2020-2031)
1.5 Assumptions and Limitations
2 Market Size and Prospective by Region
2.1 Global Milk Powder Market Size by Region: 2020 VS 2024 VS 2031
2.2 Global Milk Powder Retrospective Market Scenario by Region (2020-2025)
2.2.1 Global Milk Powder Sales Market Share by Region (2020-2025)
2.2.2 Global Milk Powder Revenue Market Share by Region (2020-2025)
2.3 Global Milk Powder Market Estimates and Forecasts by Region (2026-2031)
2.3.1 Global Milk Powder Sales Estimates and Forecasts by Region (2026-2031)
2.3.2 Global Milk Powder Revenue Forecast by Region (2026-2031)
2.4 Major Region and Emerging Market Analysis
2.4.1 North America Milk Powder Market Size and Prospective (2020-2031)
2.4.2 Europe Milk Powder Market Size and Prospective (2020-2031)
2.4.3 China Milk Powder Market Size and Prospective (2020-2031)
2.4.4 Australia Milk Powder Market Size and Prospective (2020-2031)
3 Global Market Size by Type
3.1 Global Milk Powder Historic Market Review by Type (2020-2025)
3.1.1 Global Milk Powder Sales by Type (2020-2025)
3.1.2 Global Milk Powder Revenue by Type (2020-2025)
3.1.3 Global Milk Powder Price by Type (2020-2025)
3.2 Global Milk Powder Market Estimates and Forecasts by Type (2026-2031)
3.2.1 Global Milk Powder Sales Forecast by Type (2026-2031)
3.2.2 Global Milk Powder Revenue Forecast by Type (2026-2031)
3.2.3 Global Milk Powder Price Forecast by Type (2026-2031)
3.3 Different Types Milk Powder Representative Players
4 Global Market Size by Application
4.1 Global Milk Powder Historic Market Review by Application (2020-2025)
4.1.1 Global Milk Powder Sales by Application (2020-2025)
4.1.2 Global Milk Powder Revenue by Application (2020-2025)
4.1.3 Global Milk Powder Price by Application (2020-2025)
4.2 Global Milk Powder Market Estimates and Forecasts by Application (2026-2031)
4.2.1 Global Milk Powder Sales Forecast by Application (2026-2031)
4.2.2 Global Milk Powder Revenue Forecast by Application (2026-2031)
4.2.3 Global Milk Powder Price Forecast by Application (2026-2031)
4.3 New Sources of Growth in Milk Powder Application
5 Competition Landscape by Players
5.1 Global Milk Powder Sales by Players (2020-2025)
5.2 Global Top Milk Powder Players by Revenue (2020-2025)
5.3 Global Milk Powder Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Milk Powder as of 2024)
5.4 Global Milk Powder Average Price by Company (2020-2025)
5.5 Global Key Manufacturers of Milk Powder, Manufacturing Sites & Headquarters
5.6 Global Key Manufacturers of Milk Powder, Product Type & Application
5.7 Global Key Manufacturers of Milk Powder, Date of Enter into This Industry
5.8 Manufacturers Mergers & Acquisitions, Expansion Plans
6 Region Analysis
6.1 North America Market: Players, Segments, Downstream and Major Customers
6.1.1 North America Milk Powder Sales by Company
6.1.1.1 North America Milk Powder Sales by Company (2020-2025)
6.1.1.2 North America Milk Powder Revenue by Company (2020-2025)
6.1.2 North America Milk Powder Sales Breakdown by Type (2020-2025)
6.1.3 North America Milk Powder Sales Breakdown by Application (2020-2025)
6.1.4 North America Milk Powder Major Customer
6.1.5 North America Market Trend and Opportunities
6.2 Europe Market: Players, Segments, Downstream and Major Customers
6.2.1 Europe Milk Powder Sales by Company
6.2.1.1 Europe Milk Powder Sales by Company (2020-2025)
6.2.1.2 Europe Milk Powder Revenue by Company (2020-2025)
6.2.2 Europe Milk Powder Sales Breakdown by Type (2020-2025)
6.2.3 Europe Milk Powder Sales Breakdown by Application (2020-2025)
6.2.4 Europe Milk Powder Major Customer
6.2.5 Europe Market Trend and Opportunities
6.3 China Market: Players, Segments, Downstream and Major Customers
6.3.1 China Milk Powder Sales by Company
6.3.1.1 China Milk Powder Sales by Company (2020-2025)
6.3.1.2 China Milk Powder Revenue by Company (2020-2025)
6.3.2 China Milk Powder Sales Breakdown by Type (2020-2025)
6.3.3 China Milk Powder Sales Breakdown by Application (2020-2025)
6.3.4 China Milk Powder Major Customer
6.3.5 China Market Trend and Opportunities
6.4 Australia Market: Players, Segments, Downstream and Major Customers
6.4.1 Australia Milk Powder Sales by Company
6.4.1.1 Australia Milk Powder Sales by Company (2020-2025)
6.4.1.2 Australia Milk Powder Revenue by Company (2020-2025)
6.4.2 Australia Milk Powder Sales Breakdown by Type (2020-2025)
6.4.3 Australia Milk Powder Sales Breakdown by Application (2020-2025)
6.4.4 Australia Milk Powder Major Customer
6.4.5 Australia Market Trend and Opportunities
7 Company Profiles and Key Figures
7.1 Danone
7.1.1 Danone Company Information
7.1.2 Danone Business Overview
7.1.3 Danone Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.1.4 Danone Milk Powder Products Offered
7.1.5 Danone Recent Development
7.2 Nestle
7.2.1 Nestle Company Information
7.2.2 Nestle Business Overview
7.2.3 Nestle Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.2.4 Nestle Milk Powder Products Offered
7.2.5 Nestle Recent Development
7.3 FrieslandCampina
7.3.1 FrieslandCampina Company Information
7.3.2 FrieslandCampina Business Overview
7.3.3 FrieslandCampina Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.3.4 FrieslandCampina Milk Powder Products Offered
7.3.5 FrieslandCampina Recent Development
7.4 Arla
7.4.1 Arla Company Information
7.4.2 Arla Business Overview
7.4.3 Arla Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.4.4 Arla Milk Powder Products Offered
7.4.5 Arla Recent Development
7.5 Vreugdenhil Dairy
7.5.1 Vreugdenhil Dairy Company Information
7.5.2 Vreugdenhil Dairy Business Overview
7.5.3 Vreugdenhil Dairy Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.5.4 Vreugdenhil Dairy Milk Powder Products Offered
7.5.5 Vreugdenhil Dairy Recent Development
7.6 Alpen Dairies
7.6.1 Alpen Dairies Company Information
7.6.2 Alpen Dairies Business Overview
7.6.3 Alpen Dairies Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.6.4 Alpen Dairies Milk Powder Products Offered
7.6.5 Alpen Dairies Recent Development
7.7 California Dairies
7.7.1 California Dairies Company Information
7.7.2 California Dairies Business Overview
7.7.3 California Dairies Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.7.4 California Dairies Milk Powder Products Offered
7.7.5 California Dairies Recent Development
7.8 DFA
7.8.1 DFA Company Information
7.8.2 DFA Business Overview
7.8.3 DFA Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.8.4 DFA Milk Powder Products Offered
7.8.5 DFA Recent Development
7.9 Lactalis
7.9.1 Lactalis Company Information
7.9.2 Lactalis Business Overview
7.9.3 Lactalis Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.9.4 Lactalis Milk Powder Products Offered
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 Business Overview
7.10.3 Land O’Lakes Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.10.4 Land O’Lakes Milk Powder Products Offered
7.10.5 Land O’Lakes Recent Development
7.11 Fonterra
7.11.1 Fonterra Company Information
7.11.2 Fonterra Business Overview
7.11.3 Fonterra Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.11.4 Fonterra Milk Powder Products Offered
7.11.5 Fonterra Recent Development
7.12 Westland
7.12.1 Westland Company Information
7.12.2 Westland Business Overview
7.12.3 Westland Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.12.4 Westland Milk Powder Products Offered
7.12.5 Westland Recent Development
7.13 Tatura
7.13.1 Tatura Company Information
7.13.2 Tatura Business Overview
7.13.3 Tatura Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.13.4 Tatura Milk Powder Products Offered
7.13.5 Tatura Recent Development
7.14 Burra Foods
7.14.1 Burra Foods Company Information
7.14.2 Burra Foods Business Overview
7.14.3 Burra Foods Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.14.4 Burra Foods Milk Powder Products Offered
7.14.5 Burra Foods Recent Development
7.15 MG
7.15.1 MG Company Information
7.15.2 MG Business Overview
7.15.3 MG Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.15.4 MG Milk Powder Products Offered
7.15.5 MG Recent Development
7.16 Saputo
7.16.1 Saputo Company Information
7.16.2 Saputo Business Overview
7.16.3 Saputo Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.16.4 Saputo Milk Powder Products Offered
7.16.5 Saputo Recent Development
7.17 Yili
7.17.1 Yili Company Information
7.17.2 Yili Business Overview
7.17.3 Yili Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.17.4 Yili Milk Powder Products Offered
7.17.5 Yili Recent Development
7.18 Mengniu
7.18.1 Mengniu Company Information
7.18.2 Mengniu Business Overview
7.18.3 Mengniu Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.18.4 Mengniu Milk Powder Products Offered
7.18.5 Mengniu Recent Development
7.19 Feihe
7.19.1 Feihe Company Information
7.19.2 Feihe Business Overview
7.19.3 Feihe Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.19.4 Feihe Milk Powder Products Offered
7.19.5 Feihe Recent Development
7.20 Wondersun
7.20.1 Wondersun Company Information
7.20.2 Wondersun Business Overview
7.20.3 Wondersun Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.20.4 Wondersun Milk Powder Products Offered
7.20.5 Wondersun Recent Development
7.21 Sodiaal
7.21.1 Sodiaal Company Information
7.21.2 Sodiaal Business Overview
7.21.3 Sodiaal Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.21.4 Sodiaal Milk Powder Products Offered
7.21.5 Sodiaal Recent Development
7.22 Mead Johnson
7.22.1 Mead Johnson Company Information
7.22.2 Mead Johnson Business Overview
7.22.3 Mead Johnson Milk Powder Sales, Revenue and Gross Margin (2020-2025)
7.22.4 Mead Johnson Milk Powder Products Offered
7.22.5 Mead Johnson Recent Development
8 Milk Powder Manufacturing Cost Analysis
8.1 Milk Powder Key Raw Materials Analysis
8.1.1 Key Raw Materials
8.1.2 Key Suppliers of Raw Materials
8.2 Proportion of Manufacturing Cost Structure
8.3 Manufacturing Process Analysis of Milk Powder
8.4 Milk Powder Industrial Chain Analysis
9 Marketing Channel, Distributors and Customers
9.1 Marketing Channel
9.2 Milk Powder Distributors List
9.3 Milk Powder Customers
10 Milk Powder Market Dynamics
10.1 Milk Powder Industry Trends
10.2 Milk Powder Market Drivers
10.3 Milk Powder Market Challenges
10.4 Milk Powder Market Restraints
11 Research Findings and Conclusion
12 Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Author Details
12.3 Disclaimer
TABLE OF FIGURES
List of Tables
List of Figures
KEY QUESTIONS ADDRESSED BY THE REPORT
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