Report Update: May 1, 2025

World - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights

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Powdered milk market

Powdered milk market: download recently published info provided by an Ai-driven business intelligence platform. Datasets provide market size, consumption, trade, companies, production, exports, market prices, and imports. There is a breakdown by country, including Latin America, China, the Middle East, the U.S., Africa, the U.K., Russia, and EU. Market dynamics and outlook to 2030 are also featured in the dashboards.

Powdered Milk - World's Largest Markets

Rating	Country
1	China
2	Brazil
3	France
4	Venezuela
5	Mexico

In value terms, China, Brazil and France constituted the countries with the highest levels of market value in 2021, with a combined 25% share of the global market. These countries were followed by Venezuela, Mexico, Algeria, Germany, India, the United States, Indonesia, the Netherlands, Nigeria and the Philippines, which together accounted for a further 30%.

In terms of the main consuming countries, Nigeria recorded the highest rates of growth with regard to market size, over the period under review, while powdered milk market for the other global leaders experienced more modest paces of growth.

Powdered Milk Prices

Lowest Prices - FOB - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
United States	2387	2500	2810	8.5%
Belarus	2452	2411	2876	8.3%
Argentina	2947	2946	2947	0.0%
Belgium	2291	2724	2981	14.1%
Uruguay	2962	2996	2989	0.5%
Poland	2295	2547	3007	14.5%
Germany	2421	2791	3135	13.8%
Ireland	2720	2768	3212	8.7%
France	2551	2901	3225	12.4%
New Zealand	2941	3076	3570	10.2%
Netherlands	3063	3508	3704	10.0%
Australia	3212	3429	4174	14.0%
Average	2734	2922	3338	10.5%

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Australia ($4,174 per ton) and the Netherlands ($3,704 per ton), while the United States ($2,810 per ton) and Belarus ($2,876 per ton) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	USD per ton			CAGR, 2019-2021
Venezuela	5000	5199	5102	1.0%
China	3026	3314	3167	2.3%
Saudi Arabia	3017	3227	3127	1.8%
Nigeria	2607	3062	2928	6.0%
Brazil	2830	3000	2896	1.2%
Malaysia	2671	3065	2856	3.4%
Algeria	2760	2921	2844	1.5%
Mexico	2420	2631	2835	8.2%
Philippines	2346	2743	2739	8.1%
Indonesia	2517	2820	2671	3.0%
Netherlands	2235	2279	2666	9.2%
Vietnam	2480	2852	2662	3.6%
Belgium	2506	2642	2662	3.1%
Average	2852	3116	3157	5.2%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Venezuela ($5,102 per ton), while Belgium ($2,662 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Powdered Milk - Top Importers

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
China	3	3.2	3.1	1.3%
Venezuela	1.4	1.5	1.5	2.4%
Algeria	1	1.1	1	4.0%
Mexico	0.8	0.8	1	12.1%
Indonesia	0.6	0.7	0.7	3.7%

In value terms, China ($3.1B) constitutes the largest market for imported powdered milk worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Venezuela ($1.5B), with a 7.2% share of global imports. It was followed by Algeria, with a 5.1% share.

From 2019 to 2021, the average annual rate of growth in terms of value in China totaled +1.3%. In the other countries, the average annual rates were as follows: Venezuela (+2.4% per year) and Algeria (+4.0% per year).

Powdered Milk - Top Exporters

COUNTRY	2019	2020	2021	CAGR, 2019-2021
COUNTRY	billion USD			CAGR, 2019-2021
New Zealand	5.7	5.8	7	11.2%
United States	1.8	2.1	2.6	21.6%
Germany	1.2	1.2	1.2	1.2%
France	0.9	1	1.2	15.0%
Netherlands	1.1	1.1	1.1	3.1%

In value terms, New Zealand ($7B) remains the largest powdered milk supplier worldwide, comprising 34% of global exports. The second position in the ranking was occupied by the United States ($2.6B), with a 13% share of global exports. It was followed by Germany, with a 5.9% share.

From 2019 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +11.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+21.6% per year) and Germany (+1.2% per year).

Powdered Milk - Market Forecast

Driven by increasing demand for powdered milk worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Powdered Milk - Product Coverage

HS 040210 - Dairy produce; milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight)
HS 040221 - Dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
HS 040229 - Dairy produce; milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global powdered milk market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

FCL 897 - Dry Whole Cow Milk
FCL 898 - Dry Skim Cow Milk

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

Global market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Global production, split by region and country
Global trade (exports and imports)
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
3. PRODUCING ANIMALS AND YIELD BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption, By Country, 2018–2024
5. Production, In Physical Terms, By Country, 2012–2024
6. Producing Animals, By Country, 2012-2024
7. Yield, By Country, 2012-2024
8. Imports, In Physical Terms, By Country, 2012–2024
9. Imports, In Value Terms, By Country, 2012–2024
10. Import Prices, By Country Of Destination, 2012–2024
11. Exports, In Physical Terms, By Country, 2012–2024
12. Exports, In Value Terms, By Country, 2012–2024
13. Export Prices, By Country Of Origin, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Consumption, By Country, 2024
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Yield And Growth
12. Exports And Growth
13. Export Prices And Growth
14. Market Size And Growth
15. Per Capita Consumption
16. Imports And Growth
17. Import Prices
18. Production, In Physical Terms, 2012–2024
19. Production, In Value Terms, 2012–2024
20. Producing Animals, 2012–2024
21. Yield, 2012–2024
22. Production, By Country, 2024
23. Production, In Physical Terms, By Country, 2012–2024
24. Producing Animals, By Country, 2024
25. Producing Animals, By Country, 2012-2024
26. Yield, By Country, 2012-2024
27. Imports, In Physical Terms, 2012–2024
28. Imports, In Value Terms, 2012–2024
29. Imports, In Physical Terms, By Country, 2024
30. Imports, In Physical Terms, By Country, 2012–2024
31. Imports, In Value Terms, By Country, 2012–2024
32. Import Prices, By Country, 2012–2024
33. Exports, In Physical Terms, 2012–2024
34. Exports, In Value Terms, 2012–2024
35. Exports, In Physical Terms, By Country, 2024
36. Exports, In Physical Terms, By Country, 2012–2024
37. Exports, In Value Terms, By Country, 2012–2024
38. Export Prices, 2012–2024