(MENAFN- GlobeNewsWire - Nasdaq) The Milk Powder industry is projected to grow from US$ 51.96 billion in 2024 to US$ 33.69 billion by 2033, demonstrating a CAGR of 4.94%. The surge in demand for dairy, convenience foods, and nutritional supplements, alongside technological advancements, drives market expansion. Milk powder, preferred for its long shelf life and ease of transport, sees usage across infant formulas, bakery, and beverages. Further growth is influenced by dietary changes, urbanization, and innovations in fortified and non-dairy alternatives. Key players like Nestlé, Danone, and Arla Foods are strategically positioned to capture evolving consumer trends.Dublin, Nov. 10, 2025 (GLOBE NEWSWIRE) -- The "Milk Powder Market: Players Analysis by Recent Developments, Strategy, Sustainability Benchmarking, Product Launch, Key Persons and Revenue Forecast" report has been added to ResearchAndMarkets's offering.
The Milk Powder industry is expected to expand lucratively to an estimated value of US$ 33.69 Billion by 2033, from US$ 51.96 Billion in 2024. This expansion reflects a compound annual growth rate (CAGR) of 4.94% between 2025 and 2033.
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The milk powder market has experienced substantial growth in recent years, driven by increasing demand for dairy products, convenience foods, and nutritional supplements. Milk powder, produced by removing water from liquid milk, offers a longer shelf life, easier transportation, and consistent quality compared to liquid milk. It is widely used in infant formula, bakery products, confectionery, dairy-based beverages, and processed foods.
Rising awareness of the nutritional benefits of milk proteins, calcium, and other essential nutrients has further fueled consumer adoption. Additionally, the expanding population, urbanization, and changing dietary patterns - particularly in emerging economies - have contributed to sustained growth. Both full-cream and skimmed milk powders are gaining traction due to their versatility in cooking, baking, and fortification applications.
The market is also influenced by technological advancements in processing, which enhance the quality, solubility, and flavor of milk powder while preserving nutrients. Innovations in functional and fortified milk powders, including those enriched with vitamins, minerals, and probiotics, cater to health-conscious consumers and specialized segments such as infants, elderly populations, and athletes.
Moreover, the growing demand for plant-based alternatives has led to a parallel rise in non-dairy milk powders derived from soy, almond, oat, and other sources, expanding the overall market landscape. Strategic investments, product innovations, and global trade in milk powder continue to create opportunities for manufacturers and suppliers to meet the evolving consumer demand while ensuring sustainability and quality across the supply chain.
SWOT Analysis of Dairy Farmers of America Inc.
Strength: Farmer-Owned Cooperative Model
A key strength of Dairy Farmers of America (DFA) lies in its farmer-owned cooperative structure, which creates a strong foundation of trust, loyalty, and shared purpose among its members. This model ensures stable milk supply, fair pricing, and collective bargaining power, helping farmers remain profitable and resilient against market fluctuations. With over 11,000 family-owned farms across the United States, DFA maintains extensive control over its supply chain - from milk collection to processing and distribution - ensuring quality, efficiency, and consistency. The cooperative's scale and vertically integrated operations also enable cost efficiencies and enhance market competitiveness. Moreover, DFA's community-driven approach fosters transparency, sustainability, and long-term relationships, positioning it as a trusted leader in the U.S. dairy industry focused on both farmer welfare and consumer satisfaction.
Opportunity: Expansion into Value-Added and Sustainable Dairy Products
Dairy Farmers of America has a significant opportunity to expand its portfolio through value-added and sustainable dairy innovations. As global demand shifts toward premium, organic, and fortified dairy products, DFA can leverage its strong production base to develop high-margin items like specialty cheeses, protein-enriched milk powders, lactose-free products, and probiotic yogurts. Growing consumer awareness of sustainability also offers a platform for DFA to highlight its farmer-owned model, ethical sourcing, and environmental initiatives, such as reducing carbon emissions and improving animal welfare. Additionally, investing in plant-based or hybrid dairy alternatives can help diversify revenue streams and appeal to changing dietary preferences. By focusing on innovation, sustainability, and product differentiation, DFA can strengthen its brand presence and secure long-term growth in evolving global dairy markets.
SWOT Analysis of Amul (Gujarat Co-operative Milk Marketing Federation Ltd.)
Strength: Cooperative Supply Chain & Brand Equity
Amul's cooperative model is its backbone, involving over 3.6 million farmer-members across nearly 18,600 village societies in Gujarat. This model ensures a stable and reliable supply of raw milk, reducing dependence on intermediaries and helping Amul manage quality, cost, and fairness in farmer incomes. The structure also fosters deep rural engagement and social goodwill. Coupled with its long history, Amul has built massive brand equity - being one of India's most trusted dairy brands, associated with affordability, purity, and nostalgia. These strengths allow Amul to maintain leadership in the dairy sector, secure customer loyalty even in competitive markets, and leverage economies of scale to keep costs low while ensuring consistent quality and widespread distribution.
Opportunity: Innovation & International Expansion
Amul has significant opportunities for growth through product innovation and global expansion. Rising health consciousness among consumers is driving demand for value-added dairy offerings such as high-protein, low-fat, lactose-free, fortified, and probiotic products. Such innovations can cater to evolving dietary preferences and urban wellness trends. Amul is also exploring sustainability-linked ventures, such as converting whey (a byproduct) into bioethanol, which supports environmental goals and adds revenue streams. Additionally, growing global demand for authentic Indian dairy products like paneer, ghee, and sweets presents expansion potential. With its strong brand reputation, supply chain, and farmer-backed model, Amul is well-positioned to strengthen its international presence across Asia, the Middle East, Europe, and North America.
SWOT Analysis of Yili Group
Strength: Strong Brand Equity, Quality, and Supply-Chain Leadership
Yili's strength lies in its dominant position as Asia's No.1 dairy brand, backed by decades of high-quality product delivery, strong brand recognition, and deep supply-chain control. It continuously ranks among the top dairy brands globally, with high revenue, solid consumer trust, and a large base of repeat customers. Yili has invested heavily in its milk sourcing - 85% of its suppliers come from China's "golden milk source belt" - ensuring high and consistent raw-milk quality. Yili also operates multiple R&D and innovation centers, enabling it to respond rapidly to changing consumer preferences with premium and niche dairy products. Its distribution reach across urban and rural China (and increasingly overseas) gives it an edge in both scale and market penetration. All these combines to give Yili a resilient platform in a highly competitive market.
Opportunity: Innovation & Global Expansion into High-Value and Functional Products
Yili has a promising opportunity to accelerate growth through product innovation - especially functional and health-focused dairy products - as well as expanding its international footprint. Growing consumer demand for fortified, probiotic, high-nutrition, lactose-free, and organic dairy offerings provides space for Yili to develop premium product lines that command higher margins. Already, Yili has introduced immunity-enhancing formulas, probiotic yogurts, and other health-oriented products. Additionally, its expansion into overseas markets (over 60 countries) allows the company to tap into rising middle-class consumption in Asia, Africa, and other regions. Strengthening localised products, tailoring flavours and formats to international consumer preferences, and leveraging its global innovation system can help Yili diversify risk away from saturated domestic markets and ride the global trend for healthy and functional foods.
Latest News and Developments:
June 2025: At its recently constructed dairy processing plant in Pasco, Washington, Darigold, Inc. has started operations. Up to 8 million pounds of milk from more than 100 regional farms will be processed daily by the plant, which will produce butter and powdered milk for domestic and foreign markets in 30 countries. As part of its diversification strategy to expand its non-alcoholic beverage sales, Asahi Group Japan made its first foray into the dairy alternative market in May 2025 with the launch of Like Milk, a yeast extract powder-based milk substitute free of 28 major allergens. In order to satisfy health-conscious consumers who want the advantages of milk without the extra fat, Nova Dairy introduced a new skim milk powder in May 2025. The skimmed milk powder uses advanced drying methods and is made from fresh milk while adhering to strict hygienic guidelines. This ensures a finished product that is light, readily soluble, and free of contaminants in addition to preserving the milk's essential nutrients.
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