Skimmed Milk Powder Market Report 2026

The skimmed milk powder market size has grown strongly in recent years. It will grow from $10.67 billion in 2025 to $11.43 billion in 2026 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to expansion of dairy processing infrastructure, rising consumption of packaged food products, growth in bakery and confectionery production, increasing utilization in infant formula manufacturing, improvements in milk powder drying technologies.

The skimmed milk powder market size is expected to see strong growth in the next few years. It will grow to $14.88 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing demand for protein-rich food ingredients, rising focus on long shelf-life dairy products, expansion of emerging market food processing industries, increasing demand for fortified nutrition products, advancements in dairy processing efficiency. Major trends in the forecast period include increasing demand for shelf-stable dairy ingredients, growing use in bakery and confectionery applications, rising adoption of fortified milk powder variants, expansion of industrial-scale spray drying capacity, enhanced focus on quality consistency and traceability.

The increasing popularity of nutritional supplements is expected to drive the growth of the skimmed milk powder market in the coming years. Nutritional supplements are products designed to enhance dietary intake by providing additional nutrients such as vitamins, minerals, amino acids, and other substances that support overall health and well-being. The rising demand for nutritional supplements is largely attributed to growing health awareness, as more individuals seek to improve their well-being and prevent illnesses through proactive nutritional choices. Skimmed milk powder plays a key role in nutritional supplements by offering a rich source of high-quality protein and essential nutrients while containing low fat content. For example, in August 2025, according to a report published by the United Nations International Children’s Emergency Fund (UNICEF), a US-based humanitarian organization, UNICEF facilitated the delivery of more than 450 million vitamin A capsules to 64 countries in 2024. Therefore, the growing demand for nutritional supplements is contributing to the expansion of 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 companies operating 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 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the skimmed milk powder market report are Asia-Pacific, South East Asia, 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, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

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 that 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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