Overview:

The global market for milk powder was valued at approximately USD 35 billion in 2024. Entering 2025, market activity indicated sales reaching a value of about USD 36.3 billion.

Future projections suggest that the market is poised for steady advancement over the next decade. By the close of 2035, total worldwide revenue is anticipated to climb to just over USD 53 billion. This expansion corresponds to a projected compound annual growth rate of around 3.8% from 2025 through 2035.

Market expansion is primarily fueled by the versatile applications of milk powder in various food processing sectors, including infant nutrition, baking ingredients, and consumable beverages. Its extended storage life and affordability compared to liquid milk variants make it a preferred ingredient globally.

Regions with limited access to consistent refrigeration or where bulk ingredient sourcing is common significantly contribute to ongoing demand. Rapid demographic shifts such as population increases, growing urban populations, and rising disposable incomes in developing regions like parts of Asia and Africa are particularly influential.

Looking ahead, the segment focused on milk powder for infant and early childhood nourishment is expected to be a key driver of sales. This is linked to greater awareness among parents regarding balanced diets for children and the increasing demographic of working parents seeking convenient nutritional solutions.

Producers across the industry are also introducing enhanced product options, such as dairy powders fortified with vitamins and minerals or those certified organic, to attract health-aware shoppers and higher-end market segments. Leading companies are actively involved in developing these value-added offerings.

Industry participants are increasingly prioritizing environmentally conscious practices. This involves adopting energy-efficient processing methods, exploring renewable energy sources for manufacturing, and innovating packaging solutions to reduce environmental footprints and improve logistical efficiency.