Skim Milk Powder Market Report 2024 (Global Edition)

Global Skim Milk Powder Market Report 2024 Market Size Split by Type (Instant, Fortified), by Heat Treatment (Low Heat Skim Milk Powder, Medium Heat Skim Milk Powder, High Heat Skim Milk Powder), by S...

Skim Milk Powder Market Report Description

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Skim Milk Powder Market Insights Video

Competitive Landscape of the Skim Milk Powder Market

The competitive landscape of the skim milk powder market is characterized by a mix of global and regional players, including major dairy cooperatives and multinational corporations. Key companies like Nestlé, Danone, and Fonterra lead in innovation, product quality, and sustainability practices. Competition is driven by factors such as price, distribution channels, and product differentiation. Strategic partnerships, mergers, and acquisitions are common as companies aim to expand their market share and enhance supply chain efficiency in response to rising demand for dairy products.

In March 2021, Amul allocated INR 415 crore (USD 55.7 million) for four new projects, including expanding the milk powder production facility at AmulFed Dairy, part of the Gujarat Cooperative Milk Marketing Federation (GCMMF). The factory's capacity increased from 3.5 million liters to 5 million liters per day. (Source: https://nuffoodsspectrum.in/2021/11/29/amul-invests-rs-415-cr-in-four-new-projects-adds-robotic-technology.html#:~:text=The%20dairy%20has%20invested%20Rs,257%20crore.) In July 2022, NZMP, Fonterra's global ingredients division, partnered with Tillamook County Creamery Association (TCAA) and Three Mile Canyon Farms in the U.S. to introduce Pro-Optima™, a Grade A functional whey protein concentrate (fWPC), to the market. (Source: https://www.nzmp.com/global/en/news/launching-pro-optima.html) In May 2022, Arla has opened a new production facility at Pronsfeld Dairy in Germany, marking its largest dairy investment to date. This expansion is intended to meet the rising global demand for sustainable and affordable dairy products. Arla invested EUR 190 million in the Pronsfeld facility to enhance its production capacity, primarily focusing on milk powder. (Source: https://www.agriland.co.uk/farming-news/arla-officially-opens-e190m-german-dairy-plant-expansion/#:~:text=Arla%20Foods%20has%20officially%20opened,the%20west%20of%20the%20country.)

Top Companies Market Share in Skim Milk Powder Industry: (In no particular order of Rank)

• Nestlé S.A.
• Danone S.A.
• Dairy Farmers of America (DFA)
• Fonterra Co-operative Group Limited
• Arla Foods
• FrieslandCampina
• Lactalis Group
• Saputo Inc.
• Glanbia PLC
• Müller Group
• Agropur Cooperative
• Kerry Group
• Bel Group
• Royal A-ware
• China Mengniu Dairy Company Limited
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Skim Milk Powder Market

Which Region Dominates the Skim Milk Powder Market in 2024?

According to Cognitive Market Research, North America currently dominates the Skim Milk Powder market, and the region is expected to have significant growth during the projected period. This is due to the region's high consumer demand for dairy products and increased awareness of health benefits associated with low-fat options. The region boasts advanced dairy farming practices and a strong infrastructure for milk processing, contributing to the production of high-quality skim milk powder. Additionally, the rising trend of incorporating skim milk powder in various food applications, including bakery and confectionery products, further fuels market growth in North America.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is growing at the fastest CAGR in the skim milk powder market due to rising urbanization, increasing disposable incomes, and changing dietary preferences among consumers. There is a growing demand for dairy products driven by population growth and a shift towards healthier, low-fat options. Additionally, the expanding food and beverage industry, particularly in countries like China and India, is boosting the use of skim milk powder in various applications, further propelling market growth in this region.

The current report Scope analyzes Skim Milk Powder Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Skim Milk Powder

According to Cognitive Market Research, the global Skim Milk Powder market size was estimated at USD 116524.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 46609.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Skim Milk Powder market with a market size of USD 36775.04 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. The U.S. market's rising health consciousness and demand for low-fat dairy products is driving the Skim Milk Powder market.
• The Canada Skim Milk Powder market had a market share of USD 5593.16 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Canada’s advancements in production technology is driving the Skim Milk Powder market.
• The Mexico Skim Milk Powder market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 4241.48 million in 2024.

Europe Skim Milk Powder

According to Cognitive Market Research, the global Skim Milk Powder market size was estimated at USD 116524.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3753.66 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• The United Kingdom Skim Milk Powder market had a market share of USD 5872.82 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. In the UK, Skim Milk Powder sales witness an upswing due to increasing consumer preference for low-fat and high-protein food options.
• The France Skim Milk Powder market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 3216.07 million in 2024.
• According to Cognitive Market Research, the German Skim Milk Powder market size was valued at USD 6921.54 million in 2024 and is projected to grow at a CAGR of 10.2% during the forecast period. In Germany, Skim Milk Powder surged due to presence of major market players.
• The Italy Skim Milk Powder market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 3006.32 million in 2024.
• The Russia Skim Milk Powder market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 5418.38 million in 2024.
• The Spain Skim Milk Powder market is projected to witness growth at a CAGR of 9.1% during the forecast period with a market size of USD 2866.50 million in 2024
• The Luxembourg Skim Milk Powder market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 1083.68 million in 2024.
• The Portugal Skim Milk Powder market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 734.10 million in 2024.
• The Greece Skim Milk Powder market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 419.49 million in 2024.
• The Rest of Europe's Skim Milk Powder market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 5418.38 million in 2024.

Asia Pacific Skim Milk Powder

According to Cognitive Market Research, the global Skim Milk Powder market size was estimated at USD 116524.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 26800.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Skim Milk Powder market size was valued at USD 12060.25 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Skim Milk Powder surged in China due to rising disposable incomes and changing dietary preferences favoring health-conscious food choices.
• The Japan Skim Milk Powder market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 3698.48 million in 2024.
• The India Skim Milk Powder market had a market share of USD 3216.07 million in 2024 and is projected to grow at a CAGR of 15.3% during the forecast period. India's expanding food and beverage industry is driving the Skim Milk Powder market.
• The South Korean Skim Milk Powder market is projected to witness growth at a CAGR of 12.6% during the forecast period, with a market size of USD 2680.06 million in 2024.
• The Australian Skim Milk Powder market is projected to witness growth at a CAGR of 13.2% during the forecast period, with a market size of USD 1393.63 million in 2024.
• The South East Asia Skim Milk Powder market is projected to witness growth at a CAGR of 14.5% during the forecast period, with a market size of USD 1849.24 million in 2024.
• The Rest of Asia Pacific Skim Milk Powder market is projected to witness growth at a CAGR of 13.3% during the forecast period, with a market size of USD 1902.84 million in 2024.

South America Skim Milk Powder

According to Cognitive Market Research, the global Skim Milk Powder market size was estimated at USD 116524.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 5826.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Skim Milk Powder market size was valued at USD 2493.62 million in 2024 and is projected to grow at a CAGR of 11.5% during the forecast period. Skim Milk Powder flourished in Brazil due to rising health awareness and a growing preference for low-fat dairy products among consumers.
• Argentina's Skim Milk Powder market had a market share of USD 978.80 million in 2024 and is projected to grow at a CAGR of 11.8% during the forecast period. Argentina's government initiatives supporting the dairy sector and investments is driving the Skim Milk Powder market.
• Colombia Skim Milk Powder market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 518.53 million in 2024.
• Peru Skim Milk Powder market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 477.75 million in 2024.
• Chile Skim Milk Powder market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 419.49 million in 2024.
• The Rest of Latin America's Skim Milk Powder market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 938.02 million in 2024.

Middle East and Africa Skim Milk Powder

According to Cognitive Market Research, the global Skim Milk Powder market size was estimated at USD 116524.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 2330.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031..

• The GCC Countries Skim Milk Powder market is projected to witness growth at a CAGR of 12.0% during the forecast period, with a market size of USD 997.45 million in 2024. Skim Milk Powder sales flourish due to the presence of major market players.
• The Egypt Skim Milk Powder market is projected to witness growth at a CAGR of 11.5% during the forecast period, with a market size of USD 244.70 million in 2024.
• The South Africa Skim Milk Powder market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 368.22 million in 2024. Skim Milk Powder sales flourished in South Africa due to increasing health consciousness and a shift towards nutritious, low-fat food options among consumers.
• The Turkey Skim Milk Powder market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD 200.42 million in 2024.
• The Nigeria Skim Milk Powder market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 244.70 million in 2024.
• The Rest of the MEA Skim Milk Powder market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 275.00 million in 2024.

Skim Milk Powder Market Analysis

Skim Milk Powder Market Type Segment Analysis

According to Cognitive Market Research, Instant are likely to dominate the Skim Milk Powder Market over the forecast period. The instant type of skim milk powder captured the largest market share due to its convenience and versatility. It dissolves easily in both hot and cold liquids, making it ideal for various applications, including baking, cooking, and beverages. The growing demand for quick and easy food solutions, especially among busy consumers, has further fueled its popularity. Additionally, instant skim milk powder is widely used in the food and beverage industry, contributing to its dominant position in the market.

The fortified type of skim milk powder is experiencing the highest CAGR due to increasing consumer demand for enhanced nutritional products. As awareness of health and wellness rises, consumers seek fortified options that provide additional vitamins and minerals, such as vitamin D and calcium. This trend is particularly strong among health-conscious individuals, children, and pregnant women. Manufacturers are also focusing on innovation and product differentiation, further driving the growth of fortified skim milk powder in the market.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Skim Milk Powder Industry. Request a Free Sample PDF!

Skim Milk Powder Market Heat Treatment Segment Analysis

According to Cognitive Market Research, the Low Heat Skim Milk Powder segment holds the largest share of the market. Low heat skim milk powder heat treatment captured the largest market share due to its ability to preserve the nutritional quality and flavor of milk while effectively removing moisture. This method is preferred by manufacturers for producing high-quality skim milk powder, as it ensures better solubility and maintains the essential nutrients. Additionally, low heat processing minimizes protein denaturation, making it suitable for various applications in food and beverage industries. The growing demand for high-quality dairy ingredients further reinforces its dominance in the market.

Medium heat skim milk powder heat treatment is growing at the highest CAGR due to its balanced processing method, which enhances protein functionality while retaining essential nutrients. This treatment improves the powder's solubility and emulsification properties, making it ideal for various applications in the food industry, including baked goods and dairy products. As manufacturers increasingly seek versatile ingredients that offer improved performance in formulations, the demand for medium heat skim milk powder is expected to rise significantly, driving market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Skim Milk Powder Sales Channel Segment Analysis

Skim Milk Powder Market Sales Channel Segment Analysis

According to Cognitive Market Research, The Offline segment holds the largest market share. The offline sales channel captured the largest market share in the skim milk powder market due to established distribution networks and consumer preferences for physical shopping. Retailers like supermarkets and grocery stores provide a wide range of products, allowing consumers to compare brands and prices easily. Additionally, offline channels offer immediate product availability and the opportunity for consumers to consult staff about product features. This accessibility and the trust associated with traditional retailing contribute significantly to the dominance of offline sales in the market.

The online sales channel is experiencing the highest CAGR in the skim milk powder market due to the increasing consumer preference for convenience and the growth of e-commerce platforms. Online shopping provides easy access to a variety of brands and product types, allowing consumers to compare prices and read reviews. Additionally, the COVID-19 pandemic accelerated the shift toward digital shopping, with many consumers opting for home delivery services. This trend is expected to continue, driving substantial growth in online sales for skim milk powder.

• Online
• Offline

Skim Milk Powder Application Segment Analysis

Skim Milk Powder Market Application Segment Analysis

According to Cognitive Market Research, the Confectionery segment dominates the market. The confectionery application captured the largest market share in the skim milk powder market due to its versatile use in a wide range of products, including chocolates, candies, and baked goods. Skim milk powder enhances the texture, flavor, and nutritional profile of confectionery items, making it a preferred ingredient for manufacturers. The growing demand for high-quality, indulgent confections, coupled with the rising trend of healthier options, drives the consumption of skim milk powder in this sector, solidifying its market dominance.

The bakery application is growing at the highest CAGR in the skim milk powder market due to the increasing consumer preference for baked goods that are both nutritious and flavorful. Skim milk powder enhances the texture, moisture retention, and shelf life of various baked products, such as bread, pastries, and cakes. Additionally, the rising trend of healthier baking options and clean-label ingredients drives demand for skim milk powder in the bakery sector, further contributing to its rapid growth in this application.

• Confectionery
• Bakery
• Nutritional Food
• Infant Formulas
• Dry Mixes
• Fermented Milk Products
• Frozen Desserts
• Meat products
• Others (Dressings & Sauces)

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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