Dry Whole Milk Powder Market: 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 By Geography

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Dry Whole Milk Powder Market size was valued at USD 11.0 billion in 2022 and is expected to reach USD 13.7 billion by 2029, at a CAGR of 3.1% during the forecast period 2023-2029. 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.

Dry Whole Milk Powder Market Key Developments:
  • In January 2017, Fonterra low-lactose milk powder from NZMP brand

Dry Whole Milk Powder Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.1%

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 dry whole milk powder market.

Key Features of the Reports

  • The dry whole milk powder market report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • 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 in addition to recent technology advancements and innovations in the market

Dry Whole Milk Powder Market Segmentation

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

Frequently Asked Questions

The dry whole milk powder market is projected to expand at a CAGR of 3.1% during the forecast period

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

  1. Executive Summary
  2. Global Dry Whole Milk Powder Market Introduction
    • Global Dry Whole Milk Powder Market Taxonomy
    • Global Dry Whole Milk Powder Market Definitions
      • Product
      • Function
      • Application
      • Distribution Channel
  1. Global Dry Whole Milk Powder Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Dry Whole Milk Powder Market Dynamic Factors - Impact Analysis
    • Global Dry Whole Milk Powder Market Competition Landscape
    • Epidemiology
  2. Global Dry Whole Milk Powder Market Analysis,2018 - 2022 and Forecast, 2023 - 2029
    • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market OpportunityAnalysis
  3. Global Dry Whole Milk Powder Market, By Product, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Regular
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Instant
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • UHT
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Caramelized
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dry Whole Milk Powder Market Forecast, By Function, 2018 - 2022 and Forecast, 2018 2024
    • Foaming
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Thickening
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Emulsification
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Flavoring
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dry Whole Milk Powder Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Bakery and Confectionery
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Nutritional Supplements
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Infant Formula
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Dry Mixes
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dry Whole Milk Powder Market Forecast, By Distribution Channel, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Convenience Stores
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Online Stores
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Traditional Grocery Store
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Dry Whole Milk Powder Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Region, 2018 2024
  2. North America Dry Whole Milk Powder MarketAnalysis,2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Regular
      • Instant
      • UHT
      • Caramelized
    • Function Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Foaming
      • Thickening
      • Emulsification
      • Flavoring
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bakery and Confectionery
      • Nutritional Supplements
      • Infant Formula
      • Dry Mixes
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Convenience Stores
      • Online Stores
      • Traditional Grocery Store
      • Others
    • Country Analysis 2016 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US
      • Canada
    • North America Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Country, 2018 2024
    • North America Dry Whole Milk Powder Market Dynamics Trends
  3. Europe Dry Whole Milk Powder Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Regular
      • Instant
      • UHT
      • Caramelized
    • Function Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Foaming
      • Thickening
      • Emulsification
      • Flavoring
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bakery and Confectionery
      • Nutritional Supplements
      • Infant Formula
      • Dry Mixes
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Convenience Stores
      • Online Stores
      • Traditional Grocery Store
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Country, 2018 2024
    • Europe Dry Whole Milk Powder Market Dynamics Trends
  4. Asia-Pacific Dry Whole Milk Powder Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Regular
      • Instant
      • UHT
      • Caramelized
    • Function Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Foaming
      • Thickening
      • Emulsification
      • Flavoring
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bakery and Confectionery
      • Nutritional Supplements
      • Infant Formula
      • Dry Mixes
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Convenience Stores
      • Online Stores
      • Traditional Grocery Store
      • Others
    • Country Analysis2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Country, 2018 2024
    • Asia-Pacific Dry Whole Milk Powder Market Dynamics Trends
  5. Latin America Dry Whole Milk Powder Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Regular
      • Instant
      • UHT
      • Caramelized
    • Function Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Foaming
      • Thickening
      • Emulsification
      • Flavoring
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bakery and Confectionery
      • Nutritional Supplements
      • Infant Formula
      • Dry Mixes
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Convenience Stores
      • Online Stores
      • Traditional Grocery Store
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Venezuela
      • Rest of Latin America
    • Latin America Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Country, 2018 2024
    • Latin America Dry Whole Milk Powder Market Dynamics Trends
  6. Middle East and Africa Dry Whole Milk Powder Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
    • Product Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn),Y-o-Y Growth (%), and Market Share (%)
      • Regular
      • Instant
      • UHT
      • Caramelized
    • Function Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Foaming
      • Thickening
      • Emulsification
      • Flavoring
    • Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Bakery and Confectionery
      • Nutritional Supplements
      • Infant Formula
      • Dry Mixes
      • Others
    • Distribution Channel Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Convenience Stores
      • Online Stores
      • Traditional Grocery Store
      • Others
    • Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Dry Whole Milk Powder Market - Opportunity Analysis Index, By Product, By Function, By Application, By Distribution Channel, and Country, 2018 2024
    • MEA Dry Whole Milk Powder Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product& Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Saputo (Canada)
      • Danone (France)
      • Lactalis (France)
      • Fonterra (New Zealand)
      • Nestle (Switzerland)
      • Danone (France)
      • Belgomilk (Belgium)
      • Amul (India)
  1. Research Methodology
  2. Key Assumptions and Acronyms

 

 

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

Adjacent Markets