Skim Milk Powder Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The skimmed milk powder market is expected to reach $236.21 billion by 2032. This represents a CAGR of 10.8% for the period of the forecast. It is a result of increasing consumer demand for dairy products, due to the rise in health awareness and the growing popularity of high-protein diets. In addition, the food and beverage industry is expanding, especially in developing countries. The technological development of dairy processing and preservation also plays a key role in the quality and shelf life of skimmed milk powder, thus making it a more popular choice for manufacturers. The major players in the market, such as Nestlé, Fonterra, and Friesland Campina, are actively investing in strategic alliances and new product development. The launch of organic and fortified skimmed milk powders cater to the evolving needs of consumers, which will enable them to take advantage of the growing market opportunities.

Regional Market Size

Regional Deep Dive

Skimmed milk powder market is experiencing a dynamic growth in all regions. This is mainly due to the growing health awareness, increasing demand for dairy products, and the growing food processing industry. In North America, the market is characterized by a strong emphasis on high-quality dairy products and advanced production techniques. In Europe, the market is more mature and focuses on organic and sustainable production. The Asia-Pacific region is characterized by rapid growth due to urbanization and changing food habits. Middle East and Africa are investing more in dairy farming, while Latin America is building on its agricultural strengths to boost exports.

Europe

• The European Union has implemented stringent regulations on dairy product labeling, which has led to a rise in consumer awareness and preference for high-quality skim milk powder.
• Innovations in processing technology, such as spray drying and microfiltration, are being adopted by key players like FrieslandCampina to enhance product quality and shelf life.

Asia Pacific

• Countries like China and India are witnessing a surge in demand for skim milk powder due to increasing urbanization and a shift towards Western dietary habits.
• Local companies, such as Yili Group and Mengniu Dairy, are investing heavily in R&D to develop fortified skim milk powder products tailored to local nutritional needs.

Latin America

• Brazil and Argentina are enhancing their dairy export capabilities, with skim milk powder being a key product in their export portfolios.
• The region is seeing a rise in demand for organic and non-GMO skim milk powder, driven by changing consumer preferences and health trends.

North America

• The U.S. Dairy Export Council has been actively promoting skim milk powder exports, leading to increased international demand, particularly from Asian markets.
• Recent regulatory changes in the U.S. have encouraged the use of skim milk powder in school nutrition programs, enhancing its visibility and consumption among younger demographics.

Middle East And Africa

• The Gulf Cooperation Council (GCC) countries are investing in local dairy production to reduce reliance on imports, which is boosting the skim milk powder market.
• Government initiatives in countries like South Africa are promoting dairy farming, which is expected to increase the availability of skim milk powder in the region.

Did You Know?

“Skim milk powder can have a shelf life of up to 24 months when stored properly, making it a valuable ingredient for food manufacturers and emergency food supplies.” — Dairy Research Institute

Segmental Market Size

Skimmed milk powder is the most important component of the milk market, mainly as a versatile food ingredient. The skimmed milk powder market is currently growing steadily, mainly due to the growing demand for low-fat dairy products and the growing popularity of health food. In addition, the food industry is growing and skimmed milk powder is increasingly used in the production of baked goods, infant formula and dairy substitutes. The skimmed milk powder market is now at a mature stage, and the leading companies such as Fonterra and FrieslandCampina are investing heavily in the formulation and distribution of their products. The skimmed milk powder market is mainly dominated by North America and Europe, where the authorities are encouraging low-fat dairy consumption. The main applications of skimmed milk powder are in the food and beverage industry, especially in the production of dairy and dietary products. The trend of sustainable development and the trend of clean label products also contributes to the growth of skimmed milk powder. Spray drying technology is further improving the quality and efficiency of skimmed milk powder production.

Future Outlook

The skim milk powder market is set to grow at a rapid rate from 2024 to 2032. Its value is expected to rise from $127.6 million to $236.2 million, with a robust CAGR of 10.8%. The escalation in the demand for low-fat dairy products is driven by a growing awareness of health issues. The penetration of skim milk powder in the bakery, infant formula and dietary supplement industries is likely to increase substantially, to over 30% by 2032. Further market growth will be driven by technological advancements and government policy. Spray drying and membrane filtration are set to enhance the quality and shelf life of skim milk powder, making it more desirable to manufacturers and consumers. The escalation in dairy production and exports in Asia-Pacific and Latin America is likely to support market growth. Also influencing the market are the rise of plant-based alternatives and the increasing popularity of dietary supplements. In response to changing consumer preferences, skim milk powder manufacturers will have to respond with new products and new quality and price standards.