India: Powdered Milk Market 2025

Powdered Milk Market Size in India

The Indian powdered milk market rose rapidly to $X in 2022, surging by 14% against the previous year. Overall, consumption recorded a prominent increase. Powdered milk consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Powdered Milk Production in India

In value terms, powdered milk production expanded sharply to $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.9% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Powdered Milk Exports

Exports from India

In 2022, powdered milk exports from India dropped notably to X tons, which is down by -35% compared with the previous year. Over the period under review, exports saw a mild downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 528% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, powdered milk exports declined remarkably to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 433% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Bangladesh (X tons) was the main destination for powdered milk exports from India, with a 78% share of total exports. Moreover, powdered milk exports to Bangladesh exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. Bhutan (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Bangladesh stood at +11.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-3.1% per year) and Bhutan (+17.0% per year).

In value terms, Bangladesh ($X) remains the key foreign market for powdered milk exports from India, comprising 76% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.4% share of total exports. It was followed by Bhutan, with a 5.3% share.

From 2012 to 2022, the average annual growth rate of value to Bangladesh stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-0.4% per year) and Bhutan (+17.8% per year).

Export Prices by Country

In 2022, the average powdered milk export price amounted to $X per ton, picking up by 27% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nepal ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+31.5%), while the prices for the other major destinations experienced more modest paces of growth.

Powdered Milk Imports

Imports into India

In 2022, powdered milk imports into India surged to X tons, picking up by 71% compared with 2021. In general, imports, however, recorded a significant contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 347%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, powdered milk imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a precipitous curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 275% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland (X tons), New Zealand (X tons) and the UK (X tons) were the main suppliers of powdered milk imports to India, together comprising 95% of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +117.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest powdered milk suppliers to India were Poland ($X), New Zealand ($X) and the UK ($X), with a combined 95% share of total imports.

Among the main suppliers, the UK, with a CAGR of +93.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average powdered milk import price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 47%. As a result, import price reached the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+35.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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