Dry Whole Milk Powder Market: By Product By Function, By Application, By Distribution Channel, and Region Forecast 2019-2030

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Dry Whole Milk Powder Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product (Regular, Instant, UHT, and Caramelized) By Function (Foaming, Thickening, Emulsification, and Flavoring), By Application (Bakery and Confectionery, Nutritional Supplements, Infant Formula, Dry Mixes, and Others), By Distribution Channel (Convenience Stores, Online Stores, Traditional Grocery Stores, and Others), and Region Forecast 2019-2030

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Dry Whole Milk Powder Market size was valued at US$ 12.6 billion in 2023 and is expected to reach US$ 17.2 billion by 2030, at a CAGR of 4.6% during the forecast period 2024-2030. Dry whole milk powder is the manufactured dairy product obtained from the whole milk after removal of water by evaporating the milk to dryness. Dry whole milk powder usually contains 26% and 40% of milk fat (by weight) and moisture (by weight) not more than 5.0%. Dry whole milk has a comparable flavour to natural milk and has higher nutritional contents, as well as being easy and quick to dissolve in hot water, allowing for worldwide product penetration. Furthermore, because milk and milk products are perishable, customers are more likely to prefer milk powders, both at home and in the workplace. Milk powders are being used more frequently in sweets and chocolates, which is driving up demand for the commodity.

Key Developments:

  • In January 2017, Fonterra low-lactose milk powder from NZMP brand

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Dry Whole Milk Powder Market Summary

Study Period

2025-2031

Base Year

2024

CAGR

4.6%

Largest Market

North-America

Fastest Growing Market

Asia-Pacific

Dry Whole Milk Powder Market Dynamics

The change in lifestyle majorly driving the people towards the ready-to-use products, which is the key factor enhancing the growth of the market. The adoption of the stocking food in the pantry is anticipating the growth of the market. The long-lasting shelf life of the product is another factor attributed for the growth of the market. The growing diet preferences are to enhance the growth of the market. However, the growing preference of the people towards the organic food is the key factor hampering the growth of the market. The minimal nutrition values compared with that of the organic milk is hindering the growth of the market.

Dry Whole Milk Powder Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2025-2031

Market Size in 2023

US$ 12.6 billion

Market Size in 2030

US$ 17.2 billion

Market CAGR

4.6%

By Product Type

  • Regular
  • Instant
  • UHT
  • Caramelized

By Function

  • Foaming
  • Thickening
  • Emulsification
  • Flavoring

By Application

  • Bakery and Confectionery
  • Nutritional Supplements
  • Infant Formula
  • Dry Mixes
  • Others

By Distribution Channel

  • Convenience Stores
  • Online Stores
  • Traditional Grocery Store
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Key Features of the Report

  • The dry whole milk powder market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis

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Frequently Asked Questions

Dry Whole Milk Powder Market was valued at US$ 12.6 billion in 2023 and is expected to reach US$ 17.2 billion by 2030, at a CAGR of 4.6% during the forecast period 2024-2030

Saputo (Canada), Danone (France), Lactalis (France), Fonterra (New Zealand), Nestle (Switzerland), Danone (France), Belgomilk (Belgium), Amul (India)

Asia Pacific is the fastest-growing region for dry whole milk powder market

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Dry Whole Milk Powder Market Introduction 
2.1.Global Dry Whole Milk Powder Market  - Taxonomy
2.2.Global Dry Whole Milk Powder Market  - Definitions
2.2.1.Product Type 
2.2.2.Function
2.2.3.Application
2.2.4.Distribution Channel
2.2.5.Region
3.Global Dry Whole Milk Powder Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Dry Whole Milk Powder Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Dry Whole Milk Powder Market  By Product Type , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Regular
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Instant
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. UHT
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Caramelized
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Dry Whole Milk Powder Market  By Function, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Foaming
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Thickening
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Emulsification
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Flavoring
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
7.Global Dry Whole Milk Powder Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Bakery and Confectionery
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Nutritional Supplements
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Infant Formula
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Dry Mixes
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Others
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.Global Dry Whole Milk Powder Market  By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Convenience Stores
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Online Stores
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Traditional Grocery Store
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Others
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
9.Global Dry Whole Milk Powder Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. North America
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.1.3. Market Opportunity Analysis 
9.2. Europe
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.2.3. Market Opportunity Analysis 
9.3. Asia Pacific (APAC)
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.3.3. Market Opportunity Analysis 
9.4. Middle East and Africa (MEA)
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.4.3. Market Opportunity Analysis 
9.5. Latin America
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
9.5.3. Market Opportunity Analysis 
10.North America Dry Whole Milk Powder Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type  Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Regular
10.1.2.Instant
10.1.3.UHT
10.1.4.Caramelized
10.2.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Foaming
10.2.2.Thickening
10.2.3.Emulsification
10.2.4.Flavoring
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Bakery and Confectionery
10.3.2.Nutritional Supplements
10.3.3.Infant Formula
10.3.4.Dry Mixes
10.3.5.Others
10.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Convenience Stores
10.4.2.Online Stores
10.4.3.Traditional Grocery Store
10.4.4.Others
10.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.5.1.United States of America (USA)
10.5.2.Canada
11.Europe Dry Whole Milk Powder Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Regular
11.1.2.Instant
11.1.3.UHT
11.1.4.Caramelized
11.2.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Foaming
11.2.2.Thickening
11.2.3.Emulsification
11.2.4.Flavoring
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Bakery and Confectionery
11.3.2.Nutritional Supplements
11.3.3.Infant Formula
11.3.4.Dry Mixes
11.3.5.Others
11.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.Convenience Stores
11.4.2.Online Stores
11.4.3.Traditional Grocery Store
11.4.4.Others
11.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.5.1.Germany
11.5.2.France
11.5.3.Italy
11.5.4.United Kingdom (UK)
11.5.5.Spain
12.Asia Pacific (APAC) Dry Whole Milk Powder Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Regular
12.1.2.Instant
12.1.3.UHT
12.1.4.Caramelized
12.2.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Foaming
12.2.2.Thickening
12.2.3.Emulsification
12.2.4.Flavoring
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Bakery and Confectionery
12.3.2.Nutritional Supplements
12.3.3.Infant Formula
12.3.4.Dry Mixes
12.3.5.Others
12.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.Convenience Stores
12.4.2.Online Stores
12.4.3.Traditional Grocery Store
12.4.4.Others
12.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.5.1.China
12.5.2.India
12.5.3.Australia and New Zealand (ANZ)
12.5.4.Japan
12.5.5.Rest of APAC
13.Middle East and Africa (MEA) Dry Whole Milk Powder Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Regular
13.1.2.Instant
13.1.3.UHT
13.1.4.Caramelized
13.2.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Foaming
13.2.2.Thickening
13.2.3.Emulsification
13.2.4.Flavoring
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Bakery and Confectionery
13.3.2.Nutritional Supplements
13.3.3.Infant Formula
13.3.4.Dry Mixes
13.3.5.Others
13.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Convenience Stores
13.4.2.Online Stores
13.4.3.Traditional Grocery Store
13.4.4.Others
13.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.5.1.GCC Countries
13.5.2.South Africa
13.5.3.Rest of MEA
14.Latin America Dry Whole Milk Powder Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
14.1. Product Type  Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.1.1.Regular
14.1.2.Instant
14.1.3.UHT
14.1.4.Caramelized
14.2.  Function Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.2.1.Foaming
14.2.2.Thickening
14.2.3.Emulsification
14.2.4.Flavoring
14.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.3.1.Bakery and Confectionery
14.3.2.Nutritional Supplements
14.3.3.Infant Formula
14.3.4.Dry Mixes
14.3.5.Others
14.4.  Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.4.1.Convenience Stores
14.4.2.Online Stores
14.4.3.Traditional Grocery Store
14.4.4.Others
14.5.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
14.5.1.Brazil
14.5.2.Mexico
14.5.3.Rest of LA
15. Competition Landscape
15.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
15.2.1.Saputo
15.2.2.Danone
15.2.3.Lactalis
15.2.4.Fonterra
15.2.5.Nestle
15.2.6.Belgomilk
15.2.7.Amul
16. Research Methodology 
17. Appendix and Abbreviations 

Key Market Players

  • Saputo
  • Danone
  • Lactalis
  • Fonterra
  • Nestle
  • Belgomilk
  • Amul

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