Dry Whole Milk Powder Market size was valued at USD 11.0 billion in 2021 and is expected to reach USD 13.7 billion by 2028, at a CAGR of 3.1% during the forecast period 2022-2028. 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.
In January 2017, Fonterra low-lactose milk powder from NZMP brand