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

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

Powdered Milk - Top Importers

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

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)