Global milk powder market is likely to grow to US$ 51.96 billion by 2030, from US$ 33.69 billion in 2024, with a growth rate of 4.93% CAGR from 2025 to 2033. According to Renub Research, this growth is due to the increasing demand for convenient dairy products, rising infant formula consumption, and growing health-conscious consumer trends.

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Milk Powder Market Analysis Growth Forecast Report 2025-2033

Milk Powder Market is expected to reach US$ 33.69 billion in 2024 to US$ 51.96 billion by 2033, with a CAGR of 4.93% from 2025 to 2033