Skimmed Milk Powder Global Market Report 2025

The skimmed milk powder market size has grown strongly in recent years. It will grow from $9.95 billion in 2024 to $10.67 billion in 2025 at a compound annual growth rate (CAGR) of 7.3%. The growth during the historic period can be attributed to growing awareness of health and wellness, increasing preference for convenient nutrition options, a rise in government initiatives promoting dairy consumption, expanded use in bakery and confectionery industries, and heightened awareness of protein-rich diets.

The skimmed milk powder market size is expected to see strong growth in the next few years. It will grow to $13.93 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth projected for the forecast period is driven by rising usage in sports and nutritional supplements, increasing popularity of clean label and organic products, growing consumer demand for low-fat and high-protein options, expanding availability of lactose-free and specialized dairy formulations, and a growing trend toward fortifying food products. Key trends expected in the forecast period include advancements in spray drying technologies, improvements in packaging solutions to extend shelf life, development of fortified skimmed milk powders, innovations in lactose-free formulations, and the creation of plant-based dairy alternatives with comparable functionality.

The increasing popularity of nutritional supplements is expected to drive the growth of the skimmed milk powder market in the future. Nutritional supplements are products that provide additional nutrients like vitamins, minerals, amino acids, or other substances that support overall health and wellness. This rising popularity is fueled by greater health awareness, as more individuals seek to enhance their well-being and prevent diseases through proactive nutrition. Skimmed milk powder plays a crucial role in nutritional supplements by offering a rich source of high-quality protein and essential nutrients while being low in fat. For example, in 2023, a report by the United Nations International Children's Emergency Fund (UNICEF), a US-based humanitarian organization, noted that nearly 480 million vitamin A capsules were delivered across 71 countries, enabling over 320 million children to receive two doses of vitamin A supplementation (VAS), marking a 26% increase from about 252 million children reached in 2021. Hence, the rising popularity of nutritional supplements is boosting the skimmed milk powder market.

Leading companies in the skimmed milk powder market are focusing on innovative products like infant-grade skimmed milk powder to cater to specialized nutritional needs. Infant-grade skimmed milk powder is specially processed with reduced fat to meet the nutritional requirements of infants. For instance, in April 2023, Valio Ltd., a France-based dairy company, launched Valio Prime SMP, an ultrapure, infant-grade skimmed milk powder designed for dry-blend infant milk formula (IMF) production. Produced from fresh Finnish milk in ultraclean facilities, this product guarantees exceptional microbiological purity and meets the highest quality standards for dry blending. It offers flexible customization options and simplifies manufacturing processes for infant nutrition products. The powder has a clean, pleasant, mildly sweet, milky flavor and serves as a premium alternative to fresh milk in applications requiring outstanding purity.

In February 2024, First Milk Ltd., a UK-based dairy cooperative, acquired BV Dairy for an undisclosed sum. Through this acquisition, First Milk Ltd aims to expand its manufacturing capacity and market reach, add value for its members, and strengthen its regenerative dairy product portfolio across a wider range of products and customers. Blackmore Vale Farm Cream Ltd, based in the UK, is a manufacturer and distributor of chilled dairy products that produces skimmed milk powder (SMP).

Major players in the skimmed milk powder market are Nestlé S.A., Groupe Lactalis S.A., Danone S.A., The Kraft Heinz Company, Dairy Farmers of America Inc., Land O'Lakes Inc., Arla Foods amba, Fonterra Co-operative Group Limited, Mengniu Dairy Company Limited, Saputo Inc., Meiji Holdings Co. Ltd., Schreiber Foods Inc., Agropur Dairy Cooperative, Valio Oy, Synlait Milk Limited, The a2 Milk Company Limited, Anand Milk Union Limited, Open Country Dairy Limited, Westland Co-operative Dairy Company Limited, Alpen Dairies S.A.

North America was the largest region in the skimmed milk powder market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in skimmed milk powder report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the skimmed milk powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Skimmed milk powder (SMP) is a dairy product created by removing the fat from fresh milk and then drying it into a powder. It contains very little fat (usually less than 1.5%) while preserving milk’s protein, lactose, and other vital nutrients. Skimmed milk powder is commonly used in food production and baking as a shelf-stable alternative to liquid milk.

The primary types of skimmed milk powder include cow milk powder, black skim milk powder, white skim milk powder, green skim milk powder, and oolong skim milk powder. Cow milk powder is the dehydrated form of cow’s milk made by eliminating its water content but maintaining its nutritional components. This powder includes minerals, lactose, fat, and other essential nutrients. It is distributed through multiple channels such as supermarkets and hypermarkets, convenience stores, and online platforms. It finds use in various applications, including bakery products, confectionery, nutritional foods, infant formula, frozen desserts, and dry mixes. The product caters to a wide range of end users, including the food and beverage industry, nutraceutical companies, retail consumers, and other sectors.

The skimmed milk powder market research report is one of a series of new reports that provides skimmed milk powder market statistics, including the skimmed milk powder industry's global market size, regional shares, competitors with the skimmed milk powder market share, detailed skimmed milk powder market segments, market trends and opportunities, and any further data you may need to thrive in the skimmed milk powder market. This skimmed milk powder market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The skimmed milk powder market consists of sales of instant skimmed milk powder, non-instant skimmed milk powder, fortified skimmed milk powder, and blended skimmed milk powder formulations. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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