세계의 분유 시장 보고서 : 제품 유형, 기능, 용도, 지역별(2025-2033년)

The global milk powder market size reached USD 36.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 58.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.4% during 2025-2033. Escalating product demand due to rising global population and urbanization, the burgeoning infant formula sector, increasing health consciousness boosting dietary supplement intake, the expansion of the bakery and confectionery industries, and enhanced dairy technology are some of the factors fueling the market growth.

Milk powder is a concentrated form of milk that is generally prepared by dehydrating liquefied milk via spray drying methods until it changes into a powder. Since it is convenient to use and has a longer shelf life, it is widely utilized by consumers as an alternative for fresh milk in a wide range of food preparation, including confectionaries, infant formulas, savory items and desserts. Its ability to bind water, along with its foaming and emulsifying properties, make milk powders an important food ingredient. At present, milk powder is consumed globally due to the presence of several essential nutrients, such as protein, vitamins, calcium, iron, sodium, cholesterol, potassium, fat and carbohydrates, that are beneficial for overall health development.

Milk Powder Market Trends:

The increasing demand for convenient food products among the masses is one of the key factors driving the sales of milk powder. Since it can be stored without refrigeration and easily transported without the need for cold chain infrastructure, this is providing an impetus to the market. Moreover, the widespread product adoption across the food and beverage industry is impacting the market growth favorably. Furthermore, significant developments in the e-commerce infrastructure, improvements in the supply chain distribution channels and the advent of the online delivery models are creating a positive market outlook. Additionally, continual technological advancements in the production processes for retaining the nutrient content of milk are considered to be other growth-inducing factors. The market is further driven by the rising investments by key players in the development of aggressive marketing strategies, promotional campaigns, celebrity endorsements and innovative packaging solutions. Other factors, including rapid urbanization, the growing health consciousness among individuals and the changing dietary patterns of the masses, are also favorably influencing the market.

Key Market Segmentation:

Breakup by Product Type:

• Whole Milk Powder
• Skimmed Milk Powder

Presently, whole milk powder accounts for the majority of the total market share as it is widely used in the formulation of baby food and infant formulas.

Breakup by Function:

• Emulsification
• Foaming
• Flavouring
• Thickening

On the basis of the function, milk powder is widely utilized for emulsification, foaming, flavouring, and thickening.

Breakup by Application:

• Infant Formula
• Confectionery
• Sports and Nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products
• Others

Based on the application, milk powder is employed in the preparation of infant formula, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products and others.

Regional Insights:

• European Union
• New Zealand
• China
• United States
• Brazil
• Others
• At present, the European Union holds the leading position in the market.

Competitive Landscape:

The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:

• Nestle S.A.
• Danone S.A.
• Lactalis Group
• Fonterra Co-operative Group Limited
• Royal FrieslandCampina N.V.
• Dean Foods
• Arla Foods
• Dairy Farmers of America Inc.
• Kraft Heinz Company
• Saputo, Inc.
• Parmalat S.p.A.
• This report provides a deep insight into the global milk powder market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a milk powder manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the milk powder industry in any manner.

Key Questions Answered in This Report

• 1.What was the size of the global milk powder market in 2024?
• 2.What is the expected growth rate of the global milk powder market during 2025-2033?
• 3.What is the market potential of milk powder?
• 4.What has been the impact of COVID-19 on the global milk powder market?
• 5.What is the breakup of the global milk powder market based on the product type?
• 6.What is the breakup of the global milk powder market based on the function?
• 7.What is the breakup of the global milk powder market based on the application?
• 8.What are the key regions in the global milk powder market?
• 9.What are the key regions in the global milk powder market?
• 10.Who is the largest producer of milk powder?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Milk Industry

• 5.1 Market Overview
• 5.2 Market Performance
  • 5.2.1 Production Volume Trends
  • 5.2.2 Consumption Volume Trends
• 5.3 Price Trends
• 5.4 Market Breakup by Region
• 5.5 Market Forecast

6 Global Milk Powder Industry

• 6.1 Market Overview
• 6.2 Market Performance
  • 6.2.1 Production Volume Trends
  • 6.2.2 Production Value Trends
• 6.3 Impact of COVID-19
• 6.4 Price Analysis
  • 6.4.1 Key Price Indicators
  • 6.4.2 Price Structure
  • 6.4.3 Price Trends
• 6.5 Market Breakup by Product Type
• 6.6 Market Breakup by Function
• 6.7 Market Breakup by Application
• 6.8 Market Breakup by Region
• 6.9 Market Forecast
• 6.10 SWOT Analysis
  • 6.10.1 Overview
  • 6.10.2 Strengths
  • 6.10.3 Weaknesses
  • 6.10.4 Opportunities
  • 6.10.5 Threats
• 6.11 Value Chain Analysis
  • 6.11.1 Raw Material Procurement
  • 6.11.2 Manufacturing
  • 6.11.3 Marketing
  • 6.11.4 Distribution
  • 6.11.5 Exports
  • 6.11.6 End-Use
• 6.12 Porter's Five Forces Analysis
  • 6.12.1 Overview
  • 6.12.2 Bargaining Power of Buyers
  • 6.12.3 Bargaining Power of Suppliers
  • 6.12.4 Degree of Competition
  • 6.12.5 Threat of New Entrants
  • 6.12.6 Threat of Substitutes
• 6.13 Key Success Factors and Risk Factors

7 Market Breakup by Product Type

• 7.1 Whole Milk Powder
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Skimmed Milk Powder
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Function

• 8.1 Emulsification
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Foaming
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Flavouring
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Thickening
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast

9 Market Breakup by Application

• 9.1 Infant Formula
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 Confectionery
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Sports and Nutrition Foods
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Bakery Products
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Dry Mixes
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast
• 9.6 Fermented Milk Products
  • 9.6.1 Market Trends
  • 9.6.2 Market Forecast
• 9.7 Meat Products
  • 9.7.1 Market Trends
  • 9.7.2 Market Forecast
• 9.8 Others
  • 9.8.1 Market Trends
  • 9.8.2 Market Forecast

10 Market Breakup by Region

• 10.1 European Union
  • 10.1.1 Market Trends
  • 10.1.2 Market Forecast
• 10.2 New Zealand
  • 10.2.1 Market Trends
  • 10.2.2 Market Forecast
• 10.3 China
  • 10.3.1 Market Trends
  • 10.3.2 Market Forecast
• 10.4 United States
  • 10.4.1 Market Trends
  • 10.4.2 Market Forecast
• 10.5 Brazil
  • 10.5.1 Market Trends
  • 10.5.2 Market Forecast
• 10.6 Others
  • 10.6.1 Market Trends
  • 10.6.2 Market Forecast

11 Competitive Landscape

• 11.1 Market Structure
• 11.2 Key Players

12 Milk Powder Manufacturing Process

• 12.1 Product Overview
• 12.2 Detailed Process Flow
• 12.3 Various Types of Unit Operations Involved
• 12.4 Mass Balance and Raw Material Requirements

13 Project Details, Requirements and Costs Involved

• 13.1 Land Requirements and Expenditures
• 13.2 Construction Requirements and Expenditures
• 13.3 Plant Machinery
• 13.4 Machinery Pictures
• 13.5 Raw Material Requirements and Expenditures
• 13.6 Raw Material and Final Product Pictures
• 13.7 Packaging Requirements and Expenditures
• 13.8 Transportation Requirements and Expenditures
• 13.9 Utility Requirements and Expenditures
• 13.10 Manpower Requirements and Expenditures
• 13.11 Other Capital Investments

14 Loans and Financial Assistance

15 Project Economics

• 15.1 Capital Cost of the Project
• 15.2 Techno-Economic Parameters
• 15.3 Product Pricing and Margins Across Various Levels of the Supply Chain
• 15.4 Taxation and Depreciation
• 15.5 Income Projections
• 15.6 Expenditure Projections
• 15.7 Financial Analysis
• 15.8 Profit Analysis

16 Key Player Profiles

• 16.1 Nestle S.A.
• 16.2 Danone S.A.
• 16.3 Lactalis Group
• 16.4 Fonterra Co-operative Group Limited
• 16.5 Royal FrieslandCampina N.V.
• 16.6 Dean Foods
• 16.7 Arla Foods
• 16.8 Dairy Farmers of America Inc.
• 16.9 Kraft Heinz Company
• 16.10 Saputo, Inc.
• 16.11 Parmalat S.p.A.