Global Non Fat Dry Milk Overview
Non Fat Dry Milk Market was valued at USD 8.3 Billion in 2024 and is projected to grow at a CAGR of 5.8% to reach USD 13.9 Billion by 2034.
Non-fat dry milk is manufactured by the removal of fat and water from milk. It contains lactose, milk proteins, and milk minerals in the same relative proportions as in the fresh milk from which it is made.
Increasing demand for non-fat dry milk in end-use industries such as bakery and meat industries is the driving growth factor for the target market. Additionally, the rising demand for non-fat dry milk in the confectionary industry is a key factor fueling the growth of the non-fat dry milk market. Moreover, easy handling and transportation of non-fat dry milk as compared to liquid milk and the longer shelf life of nonfat dry milk are some other factors expected to support the growth of the non-fat dry milk market in the near future. The increasing consumption of dairy increases the number of dairy farms products drives the global market growth. For instance, according to data published in Indian Council of Food and Agriculture, India has 75 million dairy farms. However, poor taste of the non-fat dry milk as compared to liquid milk may restrain growth of the target market. Additionally, the growing adulteration on the dairy products is the another restraining factor for the global market growth. Presence of key players such as Blue Diamond Growers, in the target market is also major factor for the growth of this region.
Global Non Fat Dry Milk Segmentations & Regional Insights
Detailed Segmentation:
Non Fat Dry Milk Market, By Type:
- Low Heat
- Medium Heat
- High Heat
Non Fat Dry Milk Market, By Application:
- Dairy Products
- Confectionery
- Desserts & Bakery
- Meat Product
- Others (Infant formula and Prepared Dry Mixes)
Non Fat Dry Milk Market, By Distribution Channel:
- Supermarket
- Hypermarket
- Convenience Stores
- Online Store
- Wholesalers
Non Fat Dry Milk Market, By Region:
- North America
- Middle East & Africa
- Middle East & Africa Non Fat Dry Milk Market, By Type
- Middle East & Africa Non Fat Dry Milk Market, By Application
- Middle East & Africa Non Fat Dry Milk Market, By Distribution Channel
- Middle East & Africa Non Fat Dry Milk Market, By Country
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Latin America Non Fat Dry Milk Market, By Type
- Latin America Non Fat Dry Milk Market, By Application
- Latin America Non Fat Dry Milk Market, By Distribution Channel
- Latin America Non Fat Dry Milk Market, By Country
- Brazil
- Mexico
- Rest of Latin America
- Asia Pacific
- Asia Pacific Non Fat Dry Milk Market, By Type
- Asia Pacific Non Fat Dry Milk Market, By Application
- Asia Pacific Non Fat Dry Milk Market, By Distribution Channel
- Asia Pacific Non Fat Dry Milk Market, By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific Europe
- Europe Non Fat Dry Milk Market, By Type
- Europe Non Fat Dry Milk Market, By Application
- Europe Non Fat Dry Milk Market, By Distribution Channel
- Europe Non Fat Dry Milk Market, By Country
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- North America Non Fat Dry Milk Market, By Type
- North America Non Fat Dry Milk Market, By Application
- North America Non Fat Dry Milk Market, By Distribution Channel
- North America Non Fat Dry Milk Market, By Country
- U.S.
- Canada
- Middle East & Africa
Global Non Fat Dry Milk Competitive Landscape & Key Players
List of Key Companies in Non Fat Dry Milk Market:
- Blue Diamond Growers Inc.
- Chipset Portfolio
- Holland Dairy Foods
- Glanbia Ingredients Ireland Ltd.
- Dana Dairy Group
- The Hain Celestial Group Inc.
- SunOpta, Inc.
- Organic Valley Cropp Cooperative
- Eden Foods, Inc.
- Jaw Der Develop Co. Ltd.
- Danone S.A,
- OATLY A.B,
- Key Highlights
- Financial Performance
Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. The Blue Diamond Growers Inc. has over 3,000 growers across California.
FAQs
Non-fat dry milk market report segments the market on the basis of type, application, and region.
Increasing demand for non-fat dry milk in end-use industries such as bakery and meat industries which is the driving growth factor for the target market.
The market in the Asia Pacific is expected to dominate the non-fat dry milk market and accounts for the highest market share in terms of revenue owing to rising adoption of non-fat dry milk in confectionary and bakery industries in countries in the region.
Prominent players operating in the target market are focusing on strategic partnerships as well as launching the products in order to gain a competitive edge in the target market. The Blue Diamond Growers Inc. has over 3,000 growers across California.