Skim Milk Powder Market Analysis

Global Skim Milk Powder Market Overview

Skim Milk Powder Market Size was valued at USD 115.2 billion in 2023. The skim milk powder industry is projected to grow from USD 127.6 Billion in 2024 to USD 236.2 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 10.80% during the forecast period (2024 - 2032). The rise in demand for dairy products, confectionery, sports nutrition foods, newborn formulae, bakery goods, dry mixes, and other items around the world mare major market drivers for the expansion.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Skim Milk Powder Market Trends

• Growing health consciousness about limiting overall fat consumption has aided market growth

The benefits of fat for health or ill health have been hotly contested for a very long time. According to researchers, it's critical to understand the sort of fat you're ingesting because not all fats fall into the category of causing disease. Nonetheless, given the nature of milk, customers generally avoid consuming it. Skimmed milk is well received in the market since consumers who are passionate about milk may choose to stick with it rather than whole milk. Nevertheless, skim milk powder’s health advantages outweigh those of its unprocessed counterpart. For instance, 200ml of whole milk has roughly 7 grammes of total protein, compared to 7.4 grammes in 200ml of skim milk. Moreover, it includes eighteen amino acids that help increase muscle mass. Moreover, there are 20ml more calcium in skim milk powder than in whole milk. Finally, the 50% difference in calories between regular milk and it makes it a powerful selling pitch for marketers. About 42.7% of Americans are overweight or obese, thus they are trying to limit their intake of additional calories. Thus, this factor is driving the market CAGR.

Furthermore, the growing demand for skim milk powder for feeding infants is another factor driving the market. Mothers rely on skim milk powder for their infants who are unable to breastfeed because to its nutritional value, which includes vitamins and minerals necessary for a baby's growth. The market for skim milk powder is highly sought after by working moms who struggle to feed their infants because of their hectic work schedules. Giving babies skim milk powder helps limit illness transmission from the mother's body, lowering the likelihood that the baby will be ill. Given its extensive use in the food sector and the growing number of working mothers who must also feed their children, the demand for skim milk powder is expected to rise among consumers worldwide. Thus, it is anticipated that this aspect will accelerate skim milk powder market revenue.

Segment Insights

Skim Milk Powder Type Insights

The skim milk powder market segmentation, based on type, includes Black Skim Milk Powder, White Skim Milk Powder, Green Skim Milk Powder and Oolong Skim Milk Powder. The white skim milk powder segment held the majority share in 2022 in the skim milk powder industry data. Using fresh milk that has had all of the fat removed, white skim milk powder, also referred to as nonfat dry milk powder, is created. The remaining liquid is then evaporated to create the dry powder. In the production of baked goods, soups, and sauces as well as other food items, skim milk powder is frequently used as a milk substitute.

Skim Milk Powder Packaging Insights

The skim milk powder market segmentation, based on packaging, includes Loose Skim Milk Powder, Skim Milk Powder Bag, Instant Skim Milk Powder and Bottled & Canned Skim Milk Powder. The instant skim milk powder segment dominated the market growth in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Skim milk powder that has been carefully treated to dissolve rapidly and easily in liquid is known as instant skim milk powder. This kind of milk powder may easily be converted into liquid milk by only adding water, making it ideal for use in recipes that call for milk.

Skim Milk Powder Form Insights

The skim milk powder industry data, based on form, includes Powder and Leaf. The powder segment dominated the skim milk powder market revenue in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to its chemical characteristics, it has a longer shelf life. Additionally, the absence of water further contributes to this. Last but not least, using the powdered form can help to reduce supply chain obstacles.

Figure 1:  Skim Milk Powder Market, by Form, 2022 & 2030 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Skim Milk Powder Distribution Channel Insights

The skim milk powder industry, based on distribution channel, includes Food Retail and Food Service. The food retail segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. It has always been a home staple that is also utilised as an ingredient in a variety of confections and prepared mix products. Furthermore, in order to establish their credibility with consumers and give them the opportunity to "taste" the product, new brands prefer to launch their marketing campaigns offline.

Skim Milk Powder Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America skim milk powder market accounted for USD 52.8 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period due to the alteration of lifestyles. Additionally, throughout the projection period, the expansion of the market of skim milk powder in the region will be further aided by ization, an increase in the working population, and a rise in the penetration of social media and the internet.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2:  SKIM MILK POWDER MARKET SHARE BY REGION 2022 (%)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe market of skim milk powder accounts for the second-largest market share. Changes in consumer food preferences and the expansion of the food sector are the main market drivers. The demand for healthier and enhanced dairy, confectionery, bakery, and other food products has also increased due to population growth, increased disposable income, and changes in lifestyles, supporting the expansion of the industry in this region. Further, the UK skim milk powder market held the largest market share, and the Germany skim milk powder industry was the fastest growing market in the region.

Asia Pacific market of skim milk powder is expected to grow at the fastest CAGR from 2024 to 2032. During the course of the prediction, the region is anticipated to maintain its supremacy. Rising product demand from developing nations like China and India is to reason for this. The demand for dairy products has increased in these nations as a result of the rising population and rising consumer income levels. Moreover, China skim milk powder market held the largest market share, and the India skim milk powder industry was the fastest growing market in the region.

Skim Milk Powder Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the skim milk powder market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the skim milk powder industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the  skim milk powder industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, skim milk powder industry has provided medicine with some of the most significant benefits. The skim milk powder market major player such as Nestle S.A. (Switzerland), DairyAmerica Inc. (US), Alpen Dairies (The Netherland), Fonterra (New Zealand), Miraka (New Zealand), Lactoland (Germany), Nova Dairy products (India) and Synlait milk ltd (New Zealand).

Located in Vevey, Vaud, Switzerland, Nestlé S.A. is a multinational food and beverage processing conglomerate corporation. According to revenue and other measures, it has been the largest publicly traded food company since 2014. Some of the baby food, medical food, bottled water, breakfast cereals, coffee, tea, confections, dairy goods, ice cream, frozen foods, pet foods, and snacks are all manufactured by Nestlé. Twenty-nine Nestlé brands, including Nespresso, Nescafé, Kit Kat, Smarties, Nesquik, Stouffer's, Vittel, and Maggi, generate yearly sales of over 1 billion CHF (about US$1.1 billion).

Over 9,000 New Zealand farmers hold Fonterra Co-operative Group Limited, a multinational dairy cooperative that is publicly listed in New Zealand. The business, which has annual turnover of about $22 billion New Zealand dollars, is in charge of almost 30% of the world's dairy exports. In 2022, it will rank as the sixth-largest dairy company in the world and the biggest in the Southern Hemisphere. Following the merging of the two biggest dairy cooperatives in the nation, New Zealand Dairy Group and Kiwi Cooperative Dairies, with the New Zealand Dairy Board, Fonterra was founded in October 2001.

Key Companies in the skim milk powder market includes

• Nestle S.A. (Switzerland)


• DairyAmerica Inc. (US)


• Alpen Dairies (The Netherland)


• Fonterra (New Zealand)


• Miraka (New Zealand)


• Lactoland (Germany)


• Nova Dairy products (India)


• Synlait milk ltd (New Zealand)

Skim Milk Powder Industry Developments