Milk Products Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Dairy Milk Powder and Non-Dairy Milk Powder) By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Retail Stores, Other Distribution Channels), and Region.

Milk Products Market size was valued at US$ 27,883.3 million in 2023 and is projected to reach US$ 39,086.1 million by 2030, growing at a CAGR of 4.6% from 2024-2030. Milk powder, also known as dried milk, is a dairy product that is prepared by dehydrating liquefied milk through a series of drying operations until it is reduced to a powder. Dry Milk Products Market has a much longer shelf life than liquid milk and does not need to be refrigerated, which is one of the reasons for drying it. Because of its lengthy shelf life and ready-to-use qualities, milk powder is popular among consumers. The dry milk powder is convenient to carry when travelling and may be used simply by combining it with water. Also, with the help of science and technology milk powder can be made with all the natural properties of milk such as flavor, color, solubility, and nutritional value. As a result, the worldwide dry milk powder market is being driven by the flavor and nutritional value of dry milk powder. By 2020, more than half of the world's population will be living in cities, boosting the demand for ready-to-use products. In the city, it is difficult to obtain fresh milk on a daily basis, and consumers are unable to obtain fresh food on a daily basis due to a busy lifestyle and excessive working hours.

As a result, demand for packaged food products is rising over the world, propelling the worldwide milk powder market forward. Furthermore, infant food makers have a high need for dry milk powder because they use a lot of it in their goods. Whey powder is in high demand among nutritional food and supplementary food product manufacturers since it includes a lot of nutrition. As a result, the worldwide dry milk powder market is being fueled by the nutritional and supplementary food industry. The development of modern technology in milk powders, which helps to keep the nutritious content of milk even after drying and also contains very tiny amounts of fat, making it low in calorie content, is attracting people's attention to milk powder use. The current COVID-19 pandemic restricted the market growth in the year 2020. This is mainly because of the decrease in demand for milk powders. Demand for milk products reduced in retail and food service channels. Moreover, due to supply chain disruptions like huge competition for shipping containers across the globe, the market is anticipated to be hampered during the COVID-19 pandemic situation.