Million Insights Milk Powder Market Overview Key Vendors Profiles Global milk powder market is expected to grow at a cagr of 4.89% from 2024 2030 the growing call for dairy merchandise which are convenient and stable on the shelf is propelling extensive increase in the global market for milk powder. The competition, geographic distribution, and growth potential of the global milk powder market are all examined in this study.
Global Milk Powder Market Share Size Trends And Forecast 2017 2022 The global milk powder market is projected to reach us$ 20110 million by 2030 from an estimated us$ 18180 million in 2024, at a cagr of 1.7% during 2024 and 2030. The milk powder market was valued at usd 36.61 billion in 2023. over the forecast period of 2024 2030, it is projected to reach usd 48.51 billion by 2030, growing at a cagr of 4.10%. The global milk powder market size is expected to reach $43.8 billion by 2030, rising at a market growth of 4.7% cagr during the forecast period. buttermilk powder offers convenience and extended shelf life compared to liquid buttermilk. The recently released report, ” milk powder market: industry trends, growth, share, size, opportunity, and forecast 2024 2030,” produced by renub research, includes extensive enterprise analysis and market percentage records.
Milk Powder Market Size Growth Share Trends 2024 To 2029 The global milk powder market size is expected to reach $43.8 billion by 2030, rising at a market growth of 4.7% cagr during the forecast period. buttermilk powder offers convenience and extended shelf life compared to liquid buttermilk. The recently released report, ” milk powder market: industry trends, growth, share, size, opportunity, and forecast 2024 2030,” produced by renub research, includes extensive enterprise analysis and market percentage records. In 2025, dairy milk powder dominated the milk powder market, accounting for a significant 62.68% share. this dominance can be attributed to its widespread use in various applications, including infant formula, bakery products, confectionery, and beverages. The global milk powder market is poised for significant growth, projected to reach approximately us$ 44.96 billion by 2030, up from us$ 32.19 billion in 2023. this growth represents a compound annual growth rate (cagr) of 4.89% from 2024 to 2030, according to renub research. The milk powder market size was valued at usd 37.56 billion in 2024 and the total milk powder revenue is expected to grow at a cagr of 4.4% from 2025 to 2032, reaching nearly usd 53.01 billion. milk powder is a dry dairy product made by evaporating milk to dehydrate it. The global milk powder market size is projected to grow from us$ 17780 million in 2024 to us$ 19750 million in 2030; it is expected to grow at a cagr of 1.8% from 2024 to 2030.
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