The Whole Milk Powder Market is expected to register a CAGR of 3% from 2025 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Whole Milk Powder Market covers analysis By Category (Conventional, Organic); Application (Bakery and Confectionery, Dairy and Frozen Desserts, Sweet and Savory Snacks, Infant Nutrition, RTE and RTC Meals, Beverages, Others), and Geography (North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). Milk obtained from different animal sources, including buffalos and cows, is the critical raw material used in the manufacture of whole milk powder. Whole milk powder holds applications in various food and beverage sectors, including bakery and confectionery, beverages, sweet and savoury snacks, infant nutrition, and RTE and RTC meals.
Purpose of the ReportThe report Whole Milk Powder Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Whole Milk Powder Market Segmentation
Category- Conventional
- Organic
- Bakery and Confectionery
- Dairy and Frozen Desserts
- Sweet and Savory Snacks
- Infant Nutrition
- RTE and RTC Meals
- Beverages
- Others
Strategic Insights
Whole Milk Powder Market Growth Drivers- Applications of Whole Milk Powder: Whole milk powder is widely used in the food and beverage industry. It can be typically seen in the production of reconstituted milk, baby food, infant formulas, and energy foods. Increasing demand for these applications is strengthening this market.
- The Growing Need for Baby Food and Infant Formulas: There is, therefore, a high demand for baby food and infant formulas. With work augmenting most of their time, working parents have grown to become extremely concerned with nutrition for children. Whole milk powder plays an important role in these products, providing valuable nutrients for the growth and development of babies.
- Nutritional Awareness and Whole Milk Powder: As the awareness of health issues increases, a consumer starts looking at the products that have nutritional value. It may be argued that whole milk powder is healthier because it has a rich amount of nutrients like proteins, vitamins, and minerals.
- Growing Demand for Nutrition-Rich Products: Consumers are becoming increasingly health-conscious, and therefore, the requirements for nutrition-rich products are increasing. Whole milk powder full of proteins, vitamins, and minerals is likely to gain immense interest among health-conscious customers.
- Impact of Emerging Markets: Emerging markets would significantly contribute to the growth of the whole milk powder market. Asian-Pacific, African, and Latin American countries generally have high disposable incomes and altered dietary habits that result in increased dairy consumption.
- Sustainability Concerns in the Market: Sustainability has emerged as a significant concern for both consumers and manufacturers in today’s market. As awareness grows about environmental issues, the whole milk powder sector is increasingly prioritizing sustainable practices. This shift involves a commitment to ethically sourcing milk, ensuring that dairy farming supports ecological balance and social responsibility. Moreover, there is a rising demand for environmentally friendly production methods that minimize waste and reduce the carbon footprint throughout the supply chain. By embracing these sustainable principles, the whole milk powder industry is not only meeting consumer expectations but also contributing to a healthier planet.
- Innovation Opportunities in Food and Beverage Applications: There are several innovation opportunities open up for whole milk powder within various food and beverage applications. For instance, functional foods include protein-enriched snacks and meal replacements, which the health-conscious consumer would find appealing.
- Growing Demand in Infant Nutrition: The demand for whole milk powder in infant nutrition is increasing as awareness of child nutrition among parents increases. Whole milk powder makes up the core ingredient in infant formulas and baby food, and thus, it has also become one of the areas of concentration for the manufacturers.
- E-Commerce Distribution Trends: From the e-commerce perspective, the retail landscape is dramatically changing with new avenues for whole milk powder distribution. Indeed, thanks to the beauty of the internet and electronic platforms, consumers can now sit at home and easily access varieties of dairy products, which would have seemed improbable before.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Whole Milk Powder Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Whole Milk Powder Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Based on geography, Asia Pacific held the largest share of the whole milk powder market due to the increased demand from the artisan and specialty bakery industry.
The increased demand for organic and plant-based diet is a key trend in the market.
The organic category segment accounted for the largest market share in 2023.
The Whole Milk Powder Market is estimated to witness a CAGR of 3% from 2023 to 2031
Increased demand from functional foods application is a key driver in the whole milk powder market.
Fonterra Co-operative Group Limited, Arla Foods Ingredients Group P/S, Glanbia plc, Hoosier Hill Farm, Lactalis Group, Meyenberg, Dairy Farmers of America, Inc, Carbery Group Ltd, Nestlé, and Maple Island, Inc are some of the key players in the market.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Whole Milk Powder Market - By Category
1.3.2 Whole Milk Powder Market - By Application
1.3.3 Whole Milk Powder Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WHOLE MILK POWDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. WHOLE MILK POWDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WHOLE MILK POWDER MARKET - GLOBAL MARKET ANALYSIS
6.1. WHOLE MILK POWDER - GLOBAL MARKET OVERVIEW
6.2. WHOLE MILK POWDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WHOLE MILK POWDER MARKET - REVENUE AND FORECASTS TO 2028 - CATEGORY
7.1. OVERVIEW
7.2. CATEGORY MARKET FORECASTS AND ANALYSIS
7.3. CONVENTIONAL
7.3.1. Overview
7.3.2. Conventional Market Forecast and Analysis
7.4. ORGANIC
7.4.1. Overview
7.4.2. Organic Market Forecast and Analysis
8. WHOLE MILK POWDER MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and Confectionery Market Forecast and Analysis
8.4. DAIRY AND FROZEN DESSERTS
8.4.1. Overview
8.4.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.5. SWEET AND SAVORY SNACKS
8.5.1. Overview
8.5.2. Sweet and Savory Snacks Market Forecast and Analysis
8.6. INFANT NUTRITION
8.6.1. Overview
8.6.2. Infant Nutrition Market Forecast and Analysis
8.7. RTE AND RTC MEALS
8.7.1. Overview
8.7.2. RTE and RTC Meals Market Forecast and Analysis
8.8. BEVERAGES
8.8.1. Overview
8.8.2. Beverages Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis
9. WHOLE MILK POWDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Whole Milk Powder Market Overview
9.1.2 North America Whole Milk Powder Market Forecasts and Analysis
9.1.3 North America Whole Milk Powder Market Forecasts and Analysis - By Category
9.1.4 North America Whole Milk Powder Market Forecasts and Analysis - By Application
9.1.5 North America Whole Milk Powder Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Whole Milk Powder Market
9.1.5.1.1 Canada Whole Milk Powder Market by Category
9.1.5.1.2 Canada Whole Milk Powder Market by Application
9.1.5.2 Mexico Whole Milk Powder Market
9.1.5.2.1 Mexico Whole Milk Powder Market by Category
9.1.5.2.2 Mexico Whole Milk Powder Market by Application
9.1.5.3 US Whole Milk Powder Market
9.1.5.3.1 US Whole Milk Powder Market by Category
9.1.5.3.2 US Whole Milk Powder Market by Application
9.2. EUROPE
9.2.1 Europe Whole Milk Powder Market Overview
9.2.2 Europe Whole Milk Powder Market Forecasts and Analysis
9.2.3 Europe Whole Milk Powder Market Forecasts and Analysis - By Category
9.2.4 Europe Whole Milk Powder Market Forecasts and Analysis - By Application
9.2.5 Europe Whole Milk Powder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Whole Milk Powder Market
9.2.5.1.1 Germany Whole Milk Powder Market by Category
9.2.5.1.2 Germany Whole Milk Powder Market by Application
9.2.5.2 France Whole Milk Powder Market
9.2.5.2.1 France Whole Milk Powder Market by Category
9.2.5.2.2 France Whole Milk Powder Market by Application
9.2.5.3 Italy Whole Milk Powder Market
9.2.5.3.1 Italy Whole Milk Powder Market by Category
9.2.5.3.2 Italy Whole Milk Powder Market by Application
9.2.5.4 United Kingdom Whole Milk Powder Market
9.2.5.4.1 United Kingdom Whole Milk Powder Market by Category
9.2.5.4.2 United Kingdom Whole Milk Powder Market by Application
9.2.5.5 Russia Whole Milk Powder Market
9.2.5.5.1 Russia Whole Milk Powder Market by Category
9.2.5.5.2 Russia Whole Milk Powder Market by Application
9.2.5.6 Rest of Europe Whole Milk Powder Market
9.2.5.6.1 Rest of Europe Whole Milk Powder Market by Category
9.2.5.6.2 Rest of Europe Whole Milk Powder Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Whole Milk Powder Market Overview
9.3.2 Asia-Pacific Whole Milk Powder Market Forecasts and Analysis
9.3.3 Asia-Pacific Whole Milk Powder Market Forecasts and Analysis - By Category
9.3.4 Asia-Pacific Whole Milk Powder Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Whole Milk Powder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Whole Milk Powder Market
9.3.5.1.1 Australia Whole Milk Powder Market by Category
9.3.5.1.2 Australia Whole Milk Powder Market by Application
9.3.5.2 China Whole Milk Powder Market
9.3.5.2.1 China Whole Milk Powder Market by Category
9.3.5.2.2 China Whole Milk Powder Market by Application
9.3.5.3 India Whole Milk Powder Market
9.3.5.3.1 India Whole Milk Powder Market by Category
9.3.5.3.2 India Whole Milk Powder Market by Application
9.3.5.4 Japan Whole Milk Powder Market
9.3.5.4.1 Japan Whole Milk Powder Market by Category
9.3.5.4.2 Japan Whole Milk Powder Market by Application
9.3.5.5 South Korea Whole Milk Powder Market
9.3.5.5.1 South Korea Whole Milk Powder Market by Category
9.3.5.5.2 South Korea Whole Milk Powder Market by Application
9.3.5.6 Rest of Asia-Pacific Whole Milk Powder Market
9.3.5.6.1 Rest of Asia-Pacific Whole Milk Powder Market by Category
9.3.5.6.2 Rest of Asia-Pacific Whole Milk Powder Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Whole Milk Powder Market Overview
9.4.2 Middle East and Africa Whole Milk Powder Market Forecasts and Analysis
9.4.3 Middle East and Africa Whole Milk Powder Market Forecasts and Analysis - By Category
9.4.4 Middle East and Africa Whole Milk Powder Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Whole Milk Powder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Whole Milk Powder Market
9.4.5.1.1 South Africa Whole Milk Powder Market by Category
9.4.5.1.2 South Africa Whole Milk Powder Market by Application
9.4.5.2 Saudi Arabia Whole Milk Powder Market
9.4.5.2.1 Saudi Arabia Whole Milk Powder Market by Category
9.4.5.2.2 Saudi Arabia Whole Milk Powder Market by Application
9.4.5.3 U.A.E Whole Milk Powder Market
9.4.5.3.1 U.A.E Whole Milk Powder Market by Category
9.4.5.3.2 U.A.E Whole Milk Powder Market by Application
9.4.5.4 Rest of Middle East and Africa Whole Milk Powder Market
9.4.5.4.1 Rest of Middle East and Africa Whole Milk Powder Market by Category
9.4.5.4.2 Rest of Middle East and Africa Whole Milk Powder Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Whole Milk Powder Market Overview
9.5.2 South and Central America Whole Milk Powder Market Forecasts and Analysis
9.5.3 South and Central America Whole Milk Powder Market Forecasts and Analysis - By Category
9.5.4 South and Central America Whole Milk Powder Market Forecasts and Analysis - By Application
9.5.5 South and Central America Whole Milk Powder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Whole Milk Powder Market
9.5.5.1.1 Brazil Whole Milk Powder Market by Category
9.5.5.1.2 Brazil Whole Milk Powder Market by Application
9.5.5.2 Argentina Whole Milk Powder Market
9.5.5.2.1 Argentina Whole Milk Powder Market by Category
9.5.5.2.2 Argentina Whole Milk Powder Market by Application
9.5.5.3 Rest of South and Central America Whole Milk Powder Market
9.5.5.3.1 Rest of South and Central America Whole Milk Powder Market by Category
9.5.5.3.2 Rest of South and Central America Whole Milk Powder Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WHOLE MILK POWDER MARKET, KEY COMPANY PROFILES
11.1. FONTERRA CO-OPERATIVE GROUP LIMITED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARLA FOODS INGREDIENTS GROUP P/S
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GLANBIA PLC
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HOOSIER HILL FARM
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. LACTALIS GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MEYENBERG
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. DAIRY FARMERS OF AMERICA, INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. CARBERY GROUP LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NESTLé
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. MAPLE ISLAND, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Fonterra Co-operative Group Limited
2. Arla Foods Ingredients Group P/S
3. Glanbia plc
4. Hoosier Hill Farm
5. Lactalis Group
6. Meyenberg
7. Dairy Farmers of America, Inc.
8. Carbery Group Ltd.
9. Nestlé
10. Maple Island, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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