Summary

The global whole milk powder market size reached 6.4 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 8.3 Million Tons by 2032, exhibiting a growth rate (CAGR) of 2.9% during 2024-2032.

Whole milk powder is derived by removing water from fresh pasteurized, homogenized, or non-homogenized milk through evaporation or spray-drying. It can also be manufactured by blending fluid, condensed, or non-fat dry milk with liquid or dry cream. It is characterized by a creamy flavor, light cream color, and pleasing taste. Its moisture is removed, which further assists in inhibiting microbial growth and providing the same nutritional properties as regular milk. Moreover, as it is easy to handle, store, and disperse in water, has a long shelf-life, and provides a cost-efficient source of milk fats, it is widely utilized in manufacturing a wide range of food products.

Whole Milk Powder Market Trends:
The flourishing food and beverage (F&B) industry represents one of the significant drivers positively influencing the use of whole milk powder in recombined milk, baby food and infant formulas, and energy foods, beverages, and toppings. In addition, the escalating demand for baby food and infant formulas on account of the busy lifestyle of working parents and their rising concerns about the overall development of their children is contributing to the market growth. Apart from this, whole milk powder is widely utilized as a source of non-fat milk solids in baked and confectionery goods. This, along with the growing popularity of milk powder in regions with low availability of milk and the introduction of organic and lactose-free variants, is strengthening the market growth. Besides this, manufacturers are offering vitamin-fortified whole milk powder for direct use in milk beverages, yogurt, coffee, and tea whitener. Furthermore, the easy availability of different product flavors in instant, organic, and low-fat variants through e-commerce channels is impelling the market growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global whole milk powder market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on end use.

Breakup by End Use:

Dairy
Infant Formulae
Bakery
Confectionery
Others

Dairy represents the largest end use sector of whole milk powder due to the escalating demand for milk-based products across the globe.

Breakup by Region:

New Zealand
China
European Union
Brazil
Argentina
Others

China currently accounts for the majority of the total market share on account of the increasing consumption of immunity-boosting products post COVID-19 outbreak.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Lactalis International, Nestlé S.A., Fonterra Co-operative Group Limited, Royal FrieslandCampina N.V., and Danone S.A.

The study, which has been done by one of the world’s leading research and advisory firms, covers all the requisite aspects of the whole milk powder industry. This ranges from macro overview of the market to micro details of the industry performance, 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 are planning to foray into the whole milk powder industry in any manner.

Key Questions Answered in This Report

1. What is the market size for the global whole milk powder market?
2. What is the global whole milk powder market growth?
3. What are the global Whole milk powder market drivers?
4. What are the major trends in the global whole milk powder market?
5. What is the impact of COVID-19 on the global whole milk powder market?
6. What is the global whole milk powder market breakup by end use?
7. What are the major regions in the global whole milk powder market?
8. Who are the key companies/players in the global whole milk powder market?

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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 Whole Milk Powder Market
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 Market Breakup by Region
6.5 Market Breakup by End Use
6.6 Market Forecast
6.7 SWOT Analysis
6.7.1 Overview
6.7.2 Strengths
6.7.3 Weaknesses
6.7.4 Opportunities
6.7.5 Threats
6.8 Value Chain Analysis
6.8.1 Raw Material Procurement
6.8.2 Manufacturing
6.8.3 Marketing
6.8.4 Distribution
6.8.5 Exports
6.8.6 End Use
6.9 Porter’s Five Forces Analysis
6.9.1 Overview
6.9.2 Bargaining Power of Buyers
6.9.3 Bargaining Power of Suppliers
6.9.4 Degree of Competition
6.9.5 Threat of New Entrants
6.9.6 Threat of Substitutes
6.10 Price Analysis
6.10.1 Key Price Indicators
6.10.2 Price Structure
6.10.3 Price Trends
6.11 Key Success Factors and Risk Factors
7 Performance of Key Regions
7.1 New Zealand
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 China
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 European Union
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Brazil
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Argentina
7.5.1 Market Trends
7.5.2 Market Forecast
7.6 Others
7.6.1 Market Trends
7.6.2 Market Forecast
8 Market Breakup by End Use
8.1 Dairy
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Infant Formulae
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Bakery
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Confectionary
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Competitive Landscape
9.1 Market Structure
9.2 Key Players
10 Whole Milk Powder Manufacturing
10.1 Product Overview
10.2 Detailed Process Flow
10.3 Various Types of Unit Operations Involved
10.4 Mass Balance and Raw Material Requirements
11 Project Details, Requirements and Costs Involved
11.1 Land Requirements and Expenditures
11.2 Construction Requirements and Expenditures
11.3 Plant Machinery
11.4 Machinery Pictures
11.5 Raw Material Requirements and Expenditures
11.6 Raw Material and Final Product Pictures
11.7 Packaging Requirements and Expenditures
11.8 Transportation Requirements and Expenditures
11.9 Utility Requirements and Expenditures
11.10 Manpower Requirements and Expenditures
11.11 Other Capital Investments
12 Loans and Financial Assistance
13 Project Economics
13.1 Capital Cost of the Project
13.2 Techno-Economic Parameters
13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
13.4 Taxation and Depreciation
13.5 Income Projections
13.6 Expenditure Projections
13.7 Financial Analysis
13.8 Profit Analysis
14 Key Player Profiles
14.1 Lactalis International
14.2 Nestlé S.A.
14.3 Fonterra Co-operative Group Limited
14.4 Royal FrieslandCampina N.V.
14.5 Danone S.A.
List of Figures
Figure 1: Global: Whole Milk Powder Market: Major Drivers and Challenges
Figure 2: Global: Fluid Milk Market: Volume Trends (In Million Tons), 2018-2023
Figure 3: Global: Fluid Milk Market: Breakup by Region (in %), 2023
Figure 4: Global: Fluid Milk Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 5: Global: Whole Milk Powder Market: Volume Trends (in Million Tons), 2018-2023
Figure 6: Global: Whole Milk Powder Market: Value Trends (in Million US$), 2018-2023
Figure 7: Global: Whole Milk Powder Market: Average Prices (in US$/Ton), 2018-2023
Figure 8: Whole Milk Powder Market: Price Structure
Figure 9: Global: Whole Milk Powder Market: Production and Consumption by Region (in %), 2023
Figure 10: Global: Whole Milk Powder Market: Breakup by End Use (in %), 2023
Figure 11: Global: Whole Milk Powder Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 12: Global: Whole Milk Powder Market Forecast: Value Trends (in Million US$), 2024-2032
Figure 13: Global: Whole Milk Powder Market Forecast: Average Prices (in US$/Ton), 2024-2032
Figure 14: Global: Whole Milk Powder Industry: SWOT Analysis
Figure 15: Global: Whole Milk Powder Industry: Value Chain Analysis
Figure 16: Global: Whole Milk Powder Industry: Porter’s Five Forces Analysis
Figure 17: New Zealand: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 18: New Zealand: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 19: China: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 20: China: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 21: European Union: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 22: European Union: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 23: Brazil: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 24: Brazil: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 25: Argentina: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 26: Argentina: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 27: Others: Whole Milk Powder Market (in Million Tons), 2018 & 2023
Figure 28: Others: Whole Milk Powder Market Forecast (in Million Tons), 2024-2032
Figure 29: Global: Whole Milk Powder (End Use in Dairy) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 30: Global: Whole Milk Powder (End Use in Dairy) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 31: Global: Whole Milk Powder (End Use in Infant Formulae) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 32: Global: Whole Milk Powder (End Use in Infant Formulae) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 33: Global: Whole Milk Powder (End Use in Bakery) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 34: Global: Whole Milk Powder (End Use in Bakery) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 35: Global: Whole Milk Powder (End Use in Confectionery) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 36: Global: Whole Milk Powder (End Use in Confectionery) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 37: Global: Whole Milk Powder (Other End Uses) Market: Volume Trends (in Million Tons), 2018 & 2023
Figure 38: Global: Whole Milk Powder (Other End Uses) Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 39: Whole Milk Powder Manufacturing Plant: Detailed Process Flow
Figure 40: Whole Milk Powder Manufacturing Process: Conversion Rate of Products
Figure 41: Whole Milk Powder Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 42: Whole Milk Powder Industry: Profit Margins at Various Levels of the Supply Chain
Figure 43: Whole Milk Powder Manufacturing: Manufacturing Cost Breakup (in %)
List of Tables
Table 1: Global: Whole Milk Powder Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Whole Milk Powder Market Forecast: Breakup by Region (in Million Tons), 2024-2032
Table 3: Global: Whole Milk Powder Market Forecast: Breakup by End Use (in Million Tons), 2024-2032
Table 4: Global: Whole Milk Powder Market: Competitive Structure
Table 5: Global: Whole Milk Powder Market: Key Players
Table 6: Whole Milk Powder Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 7: Whole Milk Powder Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 8: Milk Reception Section Equipment Costs (in US$)
Table 9: Milk Processing Section Equipment Costs (in US$)
Table 10: Whole Milk Powder Manufacturing Plant: Drying Section Equipment Costs (in US$)
Table 11: Whole Milk Powder Manufacturing Plant: Summary of Machinery Costs (in US$)
Table 12: Whole Milk Powder Manufacturing Plant: Raw Material Requirements
Table 13: Whole Milk Powder Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 14: Whole Milk Powder Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 15: Details of Financial Assistance Offered by Financial Institutions
Table 16: Whole Milk Powder Manufacturing Plant: Capital Costs (in US$)
Table 17: Whole Milk Powder Manufacturing Plant: Techno-Economic Parameters
Table 18: Whole Milk Powder Manufacturing Plant: Taxation and Depreciation (in US$)
Table 19: Whole Milk Powder Manufacturing Plant: Income Projections (in US$)
Table 20: Whole Milk Powder Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Whole Milk Powder Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 22: Whole Milk Powder Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 23: Whole Milk Powder Manufacturing Plant: Profit and Loss Account (in US$)