Milk Powder Market Size(US$)

CAGR 2026-2032
1.7%
Market Size,2032
USD 20,730
Million
Market Snapshot
Source: Secondary research, interviews with experts, and QYResearch analysis
The global market for Milk Powder was estimated to be worth US$ 18460 million in 2025 and is projected to reach US$ 20730 million, growing at a CAGR of 1.7% from 2026 to 2032.
The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Milk Powder cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
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 provides a comprehensive view of the global market for Milk Powder, covering total sales volume, sales revenue, pricing, the market share and ranking of key companies, along with analyses by region & country, by Type, and by Application.
The Milk Powder market size, estimations, and forecasts are presented in terms of sales volume (K MT) and revenue ($ millions), with 2025 as the base year and historical and forecast data from 2021 to 2032. The report combines quantitative and qualitative analysis to help readers develop growth strategies, assess the competitive landscape, evaluate their position in the current marketplace, and make informed business decisions regarding Milk Powder.
MARKET SEGMENTATION
CHAPTER OUTLINE
Chapter 1: Introduces the scope of the report and the global market size (value, volume, and price). It also summarizes market dynamics and Recent Developments; identifies key drivers and restraints; outlines challenges and risks for manufacturers; reviews relevant industry policies and U.S. tariff implications.
Chapter 2: Provides a detailed analysis of the Milk Powder manufacturers' competitive landscape—including pricing, sales and revenue shares, Recent Developments plans, and mergers and acquisitions (M&A).
Chapter 3: Analyzes market segmentation by Type, presenting the size and growth potential of each segment to help readers identify blue-ocean opportunities.
Chapter 4: Analyzes market segmentation by Application, presenting the size and growth potential of each downstream segment to help readers identify blue-ocean opportunities.
Chapter 5: Presents Milk Powder sales and revenue at the regional level. It offers a quantitative assessment of market size and growth potential by region and summarizes market development, future prospects, addressable space, and country-level market size worldwide.
Chapter 6: Presents Milk Powder sales and revenue at the country level. It provides segmented data by Type and by Application for each country/region.
Chapter 7: Profiles key players, detailing the main companies' product sales, revenue, pricing, gross margin, product portfolios, Recent Developments, etc.
Chapter 8: Analyzes the industry value chain, including upstream suppliers and downstream applications/customers.
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 (2021–2032)
1.2.2 Global Milk Powder Sales Volume (2021–2032)
1.2.3 Global Milk Powder Sales Price (2021–2032)
1.3 Milk Powder Market Trends & Drivers
1.3.1 Milk Powder Industry Trends
1.3.2 Milk Powder Market Drivers & Opportunities
1.3.3 Milk Powder Market Challenges
1.3.4 Milk Powder Market Restraints
1.3.5 Impact of U.S. Tariffs
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 (2025)
2.2 Global Milk Powder Revenue by Company (2021–2026)
2.3 Global Milk Powder Sales Volume Ranking of Players (2025)
2.4 Global Milk Powder Sales Volume by Company (2021–2026)
2.5 Global Milk Powder Average Price by Company (2021–2026)
2.6 Key Manufacturers Milk Powder Manufacturing Base and Headquarters
2.7 Key Manufacturers Milk Powder Product Offerings
2.8 Key Manufacturers Start of Mass Production of Milk Powder
2.9 Milk Powder Market Competitive Analysis
2.9.1 Milk Powder Market Concentration Rate (2021–2026)
2.9.2 Global 5 and 10 Largest Manufacturers by Milk Powder Revenue in 2025
2.9.3 Global Companies by Tier (Tier 1, Tier 2, Tier 3), based on Milk Powder revenue, 2025
2.10 Mergers & Acquisitions and Expansion
3 Segmentation Milk Powder Market Classification
3.1 Introduction by Type
3.1.1 Skim Milk Powder
3.1.2 Whole Milk Powder
3.1.3 Global Milk Powder Sales Value by Type
3.1.3.1 Global Milk Powder Sales Value by Type (2021 vs 2025 vs 2032)
3.1.3.2 Global Milk Powder Sales Value, by Type (2021–2032)
3.1.3.3 Global Milk Powder Sales Value, by Type (%), 2021–2032
3.1.4 Global Milk Powder Sales Volume by Type
3.1.4.1 Global Milk Powder Sales Volume by Type (2021 vs 2025 vs 2032)
3.1.4.2 Global Milk Powder Sales Volume, by Type (2021–2032)
3.1.4.3 Global Milk Powder Sales Volume, by Type (%), 2021–2032
3.1.5 Global Milk Powder Average Price by Type (2021–2032)
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 (2021 vs 2025 vs 2032)
4.2.2 Global Milk Powder Sales Value, by Application (2021–2032)
4.2.3 Global Milk Powder Sales Value, by Application (%), 2021–2032
4.3 Global Milk Powder Sales Volume by Application
4.3.1 Global Milk Powder Sales Volume by Application (2021 vs 2025 vs 2032)
4.3.2 Global Milk Powder Sales Volume, by Application (2021–2032)
4.3.3 Global Milk Powder Sales Volume, by Application (%), 2021–2032
4.4 Global Milk Powder Average Price by Application (2021–2032)
5 Segmentation by Region
5.1 Global Milk Powder Sales Value by Region
5.1.1 Global Milk Powder Sales Value by Region: 2021 vs 2025 vs 2032
5.1.2 Global Milk Powder Sales Value by Region (2021–2026)
5.1.3 Global Milk Powder Sales Value by Region (2027–2032)
5.1.4 Global Milk Powder Sales Value by Region (%), 2021–2032
5.2 Global Milk Powder Sales Volume by Region
5.2.1 Global Milk Powder Sales Volume by Region: 2021 vs 2025 vs 2032
5.2.2 Global Milk Powder Sales Volume by Region (2021–2026)
5.2.3 Global Milk Powder Sales Volume by Region (2027–2032)
5.2.4 Global Milk Powder Sales Volume by Region (%), 2021–2032
5.3 Global Milk Powder Average Price by Region (2021–2032)
5.4 North America
5.4.1 North America Milk Powder Sales Value, 2021–2032
5.4.2 North America Milk Powder Sales Value by Country (%), 2025 vs 2032
5.5 Europe
5.5.1 Europe Milk Powder Sales Value, 2021–2032
5.5.2 Europe Milk Powder Sales Value by Country (%), 2025 vs 2032
5.6 Asia Pacific
5.6.1 Asia Pacific Milk Powder Sales Value, 2021–2032
5.6.2 Asia Pacific Milk Powder Sales Value by Region (%), 2025 vs 2032
5.7 South America
5.7.1 South America Milk Powder Sales Value, 2021–2032
5.7.2 South America Milk Powder Sales Value by Country (%), 2025 vs 2032
5.8 Middle East & Africa
5.8.1 Middle East & Africa Milk Powder Sales Value, 2021–2032
5.8.2 Middle East & Africa Milk Powder Sales Value by Country (%), 2025 vs 2032
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Milk Powder Sales Value Growth Trends, 2021 vs 2025 vs 2032
6.2 Key Countries/Regions Milk Powder Sales Value and Sales Volume
6.2.1 Key Countries/Regions Milk Powder Sales Value, 2021–2032
6.2.2 Key Countries/Regions Milk Powder Sales Volume, 2021–2032
6.3 United States
6.3.1 United States Milk Powder Sales Value, 2021–2032
6.3.2 United States Milk Powder Sales Value by Type (%), 2025 vs 2032
6.3.3 United States Milk Powder Sales Value by Application, 2025 vs 2032
6.4 Europe
6.4.1 Europe Milk Powder Sales Value, 2021–2032
6.4.2 Europe Milk Powder Sales Value by Type (%), 2025 vs 2032
6.4.3 Europe Milk Powder Sales Value by Application, 2025 vs 2032
6.5 China
6.5.1 China Milk Powder Sales Value, 2021–2032
6.5.2 China Milk Powder Sales Value by Type (%), 2025 vs 2032
6.5.3 China Milk Powder Sales Value by Application, 2025 vs 2032
6.6 Japan
6.6.1 Japan Milk Powder Sales Value, 2021–2032
6.6.2 Japan Milk Powder Sales Value by Type (%), 2025 vs 2032
6.6.3 Japan Milk Powder Sales Value by Application, 2025 vs 2032
6.7 South Korea
6.7.1 South Korea Milk Powder Sales Value, 2021–2032
6.7.2 South Korea Milk Powder Sales Value by Type (%), 2025 vs 2032
6.7.3 South Korea Milk Powder Sales Value by Application, 2025 vs 2032
6.8 Southeast Asia
6.8.1 Southeast Asia Milk Powder Sales Value, 2021–2032
6.8.2 Southeast Asia Milk Powder Sales Value by Type (%), 2025 vs 2032
6.8.3 Southeast Asia Milk Powder Sales Value by Application, 2025 vs 2032
6.9 India
6.9.1 India Milk Powder Sales Value, 2021–2032
6.9.2 India Milk Powder Sales Value by Type (%), 2025 vs 2032
6.9.3 India Milk Powder Sales Value by Application, 2025 vs 2032
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 (2021–2026)
7.1.4 Danone Milk Powder Product Offerings
7.1.5 Danone Recent Developments
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 (2021–2026)
7.2.4 Nestle Milk Powder Product Offerings
7.2.5 Nestle Recent Developments
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 (2021–2026)
7.3.4 FrieslandCampina Milk Powder Product Offerings
7.3.5 FrieslandCampina Recent Developments
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 (2021–2026)
7.4.4 Arla Milk Powder Product Offerings
7.4.5 Arla Recent Developments
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 (2021–2026)
7.5.4 Vreugdenhil Dairy Milk Powder Product Offerings
7.5.5 Vreugdenhil Dairy Recent Developments
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 (2021–2026)
7.6.4 Alpen Dairies Milk Powder Product Offerings
7.6.5 Alpen Dairies Recent Developments
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 (2021–2026)
7.7.4 California Dairies Milk Powder Product Offerings
7.7.5 California Dairies Recent Developments
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 (2021–2026)
7.8.4 DFA Milk Powder Product Offerings
7.8.5 DFA Recent Developments
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 (2021–2026)
7.9.4 Lactalis Milk Powder Product Offerings
7.9.5 Lactalis Recent Developments
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 (2021–2026)
7.10.4 Land O’Lakes Milk Powder Product Offerings
7.10.5 Land O’Lakes Recent Developments
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 (2021–2026)
7.11.4 Fonterra Milk Powder Product Offerings
7.11.5 Fonterra Recent Developments
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 (2021–2026)
7.12.4 Westland Milk Powder Product Offerings
7.12.5 Westland Recent Developments
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 (2021–2026)
7.13.4 Tatura Milk Powder Product Offerings
7.13.5 Tatura Recent Developments
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 (2021–2026)
7.14.4 Burra Foods Milk Powder Product Offerings
7.14.5 Burra Foods Recent Developments
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 (2021–2026)
7.15.4 MG Milk Powder Product Offerings
7.15.5 MG Recent Developments
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 (2021–2026)
7.16.4 Saputo Milk Powder Product Offerings
7.16.5 Saputo Recent Developments
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 (2021–2026)
7.17.4 Yili Milk Powder Product Offerings
7.17.5 Yili Recent Developments
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 (2021–2026)
7.18.4 Mengniu Milk Powder Product Offerings
7.18.5 Mengniu Recent Developments
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 (2021–2026)
7.19.4 Feihe Milk Powder Product Offerings
7.19.5 Feihe Recent Developments
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 (2021–2026)
7.20.4 Wondersun Milk Powder Product Offerings
7.20.5 Wondersun Recent Developments
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 (2021–2026)
7.21.4 Sodiaal Milk Powder Product Offerings
7.21.5 Sodiaal Recent Developments
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 (2021–2026)
7.22.4 Mead Johnson Milk Powder Product Offerings
7.22.5 Mead Johnson Recent Developments
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 Key Suppliers of Raw Materials
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customer Analysis)
8.5 Sales Model and Sales Channelss
8.5.1 Milk Powder Sales Model
8.5.2 Sales Channels
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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