Powdered Market

Powdered market: get the most recent facts and figures secured by an Ai-driven business intelligence tool. Information cover companies, consumption, trade, market size, production, market prices, exports, and imports. There is a split by region, including Latin America, Africa, China, EU, the Middle East, the U.K., the U.S., and Russia. Market trends and forecast to 2030 are also featured in the reports.

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Powdered - World's Largest Markets

In value terms, the largest powdered, condensed or evaporated milk markets worldwide were China, the United States and Brazil, together accounting for 22% of the global market. These countries were followed by France, Mexico, Venezuela, Germany, Algeria, the Netherlands, Russia, Peru, Malaysia and the United Arab Emirates, which together accounted for a further 29%.

In terms of the main consuming countries, the Netherlands saw the highest growth rate of market size, over the period under review, while powdered, condensed or evaporated milk market for the other global leaders experienced more modest paces of growth.

Powdered, Condensed Or Evaporated Milk Prices

Powdered, Condensed or Evaporated Milk - Top Importers

In value terms, China ($3.2B) constitutes the largest market for imported powdered, condensed or evaporated milk worldwide, comprising 14% of global imports. The second position in the ranking was occupied by Venezuela ($1.5B), with a 6.3% share of global imports. It was followed by Algeria, with a 4.5% share.

In China, powdered, condensed or evaporated milk imports expanded at an average annual rate of +1.2% over the period from 2019-2021. In the other countries, the average annual rates were as follows: Venezuela (+2.5% per year) and Algeria (+4.0% per year).

Powdered, Condensed or Evaporated Milk - Top Exporters

In value terms, New Zealand ($7B) remains the largest powdered, condensed or evaporated milk supplier worldwide, comprising 30% of global exports. The second position in the ranking was occupied by the United States ($2.7B), with a 11% share of global exports. It was followed by the Netherlands, with a 7.2% share.

From 2019 to 2021, the average annual growth rate of value in New Zealand totaled +10.8%. In the other countries, the average annual rates were as follows: the United States (+21.5% per year) and the Netherlands (+3.4% per year).

Powdered, Condensed or Evaporated Milk - Market Forecast

Driven by increasing demand for powdered, condensed or evaporated milk worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of for the period from 2021 to 2030, which is projected to bring the market volume to by the end of 2030.

Powdered, Condensed or Evaporated Milk - Top Companies

Nestlé Suisse S.A., Nestle Holdings, Inc., Saputo Dairy Foods Usa, LLC, Mead Johnson Nutrition Company, CAPITOL CHILLED FOODS (AUSTRALIA) PTY. LIMITED, Nestlé México, S.A. de C.V., The Hain Celestial Group Inc, SOLICO GROUP, SPÓLDZIELNIA MLECZARSKA MLEKPOL W GRAJEWIE, Dean Holding Company, NESTLE AUSTRALIA LTD, Associated Milk Producers Inc, Northwest Dairy Association, PARMALAT AUSTRALIA PTY LTD, LONGWARRY FOOD PARK PTY. LTD., NEW ZEALAND MILK (AUSTRALASIA) PTY LTD, FONTERRA INGREDIENTS AUSTRALIA PTY LTD, FONTERRA BRANDS (AUSTRALIA) PTY LTD, LECHE GLORIA S.A., FONTERRA AUSTRALIA PTY LTD

Powdered - Product Coverage

• HS 0402 - Milk and cream; concentrated or containing added sugar or other sweetening matter