Powdered Milk Market

Powdered milk market: download recently published info provided by an Ai-driven business intelligence platform. Datasets provide market size, consumption, trade, companies, production, exports, market prices, and imports. There is a breakdown by country, including Latin America, China, the Middle East, the U.S., Africa, the U.K., Russia, and EU. Market dynamics and outlook to 2030 are also featured in the dashboards.


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Powdered Milk - World's Largest Markets

RatingCountry
1China
2Brazil
3France
4Venezuela
5Mexico

In value terms, China, Brazil and France constituted the countries with the highest levels of market value in 2021, with a combined 25% share of the global market. These countries were followed by Venezuela, Mexico, Algeria, Germany, India, the United States, Indonesia, the Netherlands, Nigeria and the Philippines, which together accounted for a further 30%.

In terms of the main consuming countries, Nigeria recorded the highest rates of growth with regard to market size, over the period under review, while powdered milk market for the other global leaders experienced more modest paces of growth.

Powdered Milk Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
USD per ton
United States2387250028108.5%
Belarus2452241128768.3%
Argentina2947294629470.0%
Belgium22912724298114.1%
Uruguay2962299629890.5%
Poland22952547300714.5%
Germany24212791313513.8%
Ireland2720276832128.7%
France25512901322512.4%
New Zealand29413076357010.2%
Netherlands30633508370410.0%
Australia32123429417414.0%
Average27342922333810.5%

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Australia ($4,174 per ton) and the Netherlands ($3,704 per ton), while the United States ($2,810 per ton) and Belarus ($2,876 per ton) were amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by Poland, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201920202021CAGR,
2019-2021
USD per ton
Venezuela5000519951021.0%
China3026331431672.3%
Saudi Arabia3017322731271.8%
Nigeria2607306229286.0%
Brazil2830300028961.2%
Malaysia2671306528563.4%
Algeria2760292128441.5%
Mexico2420263128358.2%
Philippines2346274327398.1%
Indonesia2517282026713.0%
Netherlands2235227926669.2%
Vietnam2480285226623.6%
Belgium2506264226623.1%
Average2852311631575.2%

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Venezuela ($5,102 per ton), while Belgium ($2,662 per ton) was amongst the lowest.

From 2019 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other global leaders experienced more modest paces of growth.

Powdered Milk - Top Importers

COUNTRY201920202021CAGR,
2019-2021
billion USD
China33.23.11.3%
Venezuela1.41.51.52.4%
Algeria11.114.0%
Mexico0.80.8112.1%
Indonesia0.60.70.73.7%

In value terms, China ($3.1B) constitutes the largest market for imported powdered milk worldwide, comprising 15% of global imports. The second position in the ranking was occupied by Venezuela ($1.5B), with a 7.2% share of global imports. It was followed by Algeria, with a 5.1% share.

From 2019 to 2021, the average annual rate of growth in terms of value in China totaled +1.3%. In the other countries, the average annual rates were as follows: Venezuela (+2.4% per year) and Algeria (+4.0% per year).

Powdered Milk - Top Exporters

COUNTRY201920202021CAGR,
2019-2021
billion USD
New Zealand5.75.8711.2%
United States1.82.12.621.6%
Germany1.21.21.21.2%
France0.911.215.0%
Netherlands1.11.11.13.1%

In value terms, New Zealand ($7B) remains the largest powdered milk supplier worldwide, comprising 34% of global exports. The second position in the ranking was occupied by the United States ($2.6B), with a 13% share of global exports. It was followed by Germany, with a 5.9% share.

From 2019 to 2021, the average annual rate of growth in terms of value in New Zealand amounted to +11.2%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+21.6% per year) and Germany (+1.2% per year).

Powdered Milk - Market Forecast

Driven by increasing demand for powdered 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 Milk - Product Coverage

  • HS 040210 - Dairy produce; milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight)
  • HS 040221 - Dairy produce; milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
  • HS 040229 - Dairy produce; milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)
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This report provides an in-depth analysis of the powdered milk market in Africa.

South-Eastern Asia - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Middle East - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia - Dried Milk - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the powdered milk market in Eastern Asia.

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