Asia Pacific Milk Powder Market to Reach $18.25B by 2033 at 5.22% CAGR

Asia Pacific Milk Powder Market Analysis

The Asia Pacific Milk Powder Market is expected to reach US$ 18.25 billion by 2033, up from US$ 11.54 billion in 2024, growing at a CAGR of 5.22% from 2025 to 2033. Key growth drivers include urbanization, extended shelf life of powdered milk, increasing infant population, the expanding food and beverage industry, demand for convenient dairy alternatives, and changing dietary habits in emerging economies.

The report “Asia Pacific Milk Powder Market & Forecast (2025–2033)” provides detailed analysis by Types (Whole, Skimmed, Dairy Whitener, Buttermilk, Fat-Filled, Others), Application (Nutritional Food, Infant Formulas, Confectioneries, Baked Sweets, Savories, Others), alongside Country-Level Insights and Company Profiles.

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Asia Pacific Milk Powder Industry Overview

Milk powder, also known as powdered milk, is produced by evaporating water content from liquid milk, allowing it to be stored for longer periods without refrigeration. Most proteins, calcium, and vitamins are preserved in this form, making it suitable for transport and storage. Milk powder is widely used as a substitute for fresh milk in bakery, confectionery, infant formula, and processed foods, particularly in regions with limited dairy infrastructure or refrigeration.

The Asia Pacific milk powder market is expanding rapidly due to rising health and nutrition awareness, especially in countries like China, where organic and fortified milk powders are increasingly preferred over regular milk powder. Demographic trends, such as China’s aging population, are boosting demand for adult and elderly-focused dairy nutrition. Additionally, urbanization and economic growth are increasing disposable incomes, driving demand for value-added and premium dairy products.

Market Drivers

Convenience and Long Shelf Life

The long shelf life and convenience of milk powder are primary market drivers. Unlike fresh milk, powdered milk does not require refrigeration, making it ideal for areas with limited cold-chain infrastructure and reducing storage and shipping costs. Its extended shelf life also minimizes wastage and spoilage, catering to urban lifestyles and busy schedules. This versatility continues to boost demand in applications ranging from infant formula to nutritional supplements.

Growing Number of Infants

The increasing infant population in countries such as China and India drives the demand for milk powder, especially for infant formula. Milk powder’s nutritional value, ease of use, and long shelf life make it a preferred choice for feeding newborns. For instance, China’s 2024 birth rate was 6.77 per 1,000, up from the previous year, indicating rising demand for infant-related dairy products. Fortified milk powders are increasingly sought after as governments promote child health.

E-Commerce and Modern Retail Expansion

The growth of modern retail and e-commerce is transforming distribution channels in the Asia Pacific region. Online platforms provide home delivery, multiple brand options, price comparison, and discounts, increasing convenience for consumers. Simultaneously, supermarkets, hypermarkets, and specialty stores offer greater visibility for premium and foreign milk powder products, helping manufacturers access both urban and rural consumers effectively.

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Challenges in the Milk Powder Industry

Fluctuating Raw Material Prices

The market faces challenges from volatile milk prices, influenced by weather, feed costs, and disease outbreaks. These fluctuations can raise production costs, which may be passed on to consumers, complicating long-term pricing strategies and creating market uncertainty.

Intense Competition

The Asia Pacific milk powder market is highly competitive, with price wars and narrow profit margins affecting profitability. New entrants increase pressure on pricing and brand differentiation, requiring companies to innovate, improve product quality, and invest in marketing to maintain consumer loyalty.

Country-Level Insights

China

China’s milk powder market is one of the largest in the region, driven by population growth, infant nutrition, and health-conscious middle-aged and elderly consumers. In December 2022, Junlebao launched “Le Gai” milk powders targeting older adults, offering twice the calcium of standard whole milk powder. This reflects a growing preference for functional and health-focused dairy products.

India

Rising demand in urban and rural areas, changing food patterns, and increasing disposable incomes are driving the market in India. In November 2021, Amul invested INR 415 crore (USD 55.7 million) in four new projects, including a milk powder factory at AmulFed Dairy, increasing processing capacity from 35 lakh liters/day to 50 lakh liters/day. This expansion supports both domestic and export demand.

Japan

Japan’s milk powder market is expanding steadily due to the aging population, health-focused fortified products, and demand for shelf-stable convenient dairy items. Innovations include milk powders enriched with probiotics, vitamins, and minerals, catering to adult nutrition needs.

Market Segmentation

By Type:

·        Whole

·        Skimmed

·        Dairy Whitener

·        Buttermilk

·        Fat-Filled

·        Others

By Application:

·        Nutritional Food

·        Infant Formulas

·        Confectioneries

·        Baked Sweets

·        Savories

·        Others

By Country:

·        China

·        Japan

·        India

·        South Korea

·        Thailand

·        Malaysia

·        Indonesia

·        Australia

·        New Zealand

·        Rest of Asia Pacific

Competitive Landscape

The market is highly competitive, with companies focusing on product innovation, brand differentiation, and regional expansion.

Key Players:

·        Nestlé SA

·        China Mengniu Dairy Company Limited

·        Fonterra Co-Operative Group Ltd

·        Hatsun Agro Product Ltd

·        Saputo Inc.

·        Arla Foods

·        Royal FrieslandCampina N.V.

·        Ausnutria Dairy Corp Ltd

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