Global Skim Milk Powder Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Bakery & Confectionery, Food & Beverages, and Infant Formulas.

By Distribution Channel;

B2B & B2C - Online Retail, Supermarket/Hypermarket, Departmental Store, Convenience Store, and Specialty Store.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn359261996 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Skim Milk Powder Market (USD Million), 2021 - 2031

In the year 2024, the Global Skim Milk Powder Market was valued at USD 86,802.18 million. The size of this market is expected to increase to USD 149,246.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.1%.

The global skim milk powder (SMP) market is a significant segment of the dairy industry, characterized by its role as a key ingredient in various food and beverage products. Skim milk powder is produced by removing the fat from milk and then dehydrating it, resulting in a product with a long shelf life and versatility. This market is driven by a range of factors including increasing consumer demand for dairy products, the rising popularity of functional and convenience foods, and the growth of the food processing industry.

Skim milk powder is utilized in numerous applications, such as in bakery products, dairy blends, and infant formula, owing to its nutritional benefits and ability to improve texture and consistency. The market's growth is also influenced by the expanding global population, rising disposable incomes, and the increasing health-consciousness among consumers, which drives demand for low-fat and nutrient-dense food options.

Geographically, the market exhibits a diverse landscape, with significant contributions from regions such as North America, Europe, and Asia-Pacific. Each of these regions presents unique growth opportunities and challenges, influenced by local consumer preferences, regulatory environments, and economic conditions. For instance, Asia-Pacific is experiencing rapid growth due to its large population base and expanding middle class, while North America and Europe continue to be key markets due to their well-established dairy industries and high consumer demand for dairy products.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Skim Milk Powder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising consumer demand
        2. Health-conscious trends
        3. Convenience foods
      2. Restraints
        1. Price volatility of raw milk
        2. Regulatory constraints
        3. High production costs
      3. Opportunities
        1. Growing health consciousness
        2. Expansion in emerging markets
        3. Innovation in dairy processing
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Skim Milk Powder Market, By Application, 2021 - 2031 (USD Million)
      1. Bakery & Confectionery
      2. Food & Beverages
      3. Infant Formulas
    2. Global Skim Milk Powder Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. B2B
      2. B2C
        1. Online Retail
        2. Supermarket/Hypermarket
        3. Departmental Store
        4. Convenience Store
        5. Specialty Store
    3. Global Skim Milk Powder Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
      4. Rest of Asia Pacific
        1. Latin America
        2. Brazil
        3. Mexico
        4. Argentina
        5. Rest of Latin America
      5. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      6. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Nova Dairy
      2. Hoogwegt
      3. Ananda Dairy Ltd.
      4. Lactalis American Group, Inc.
      5. Umang Daries Pvt. Ltd.
      6. DairyAmerica, Inc.
      7. Burra Foods Australia
      8. Saputo Inc.
      9. Dairygold Co-Operative Society Ltd.
      10. ALPEN FOOD GROUP B.V.
      11. Xsens Technologies BV
  7. Analyst Views
  8. Future Outlook of the Market