Us Dry Milk Product Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Dry Milk Product Market was valued at USD 18.67 Billion in 2022 and is projected to reach USD 30.42 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The U.S. dry milk product market has undergone significant transformations, influenced by evolving consumer preferences, economic factors, and industry dynamics. As of 2025, the market is projected to reach approximately $39.09 billion, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2030. This growth is driven by the demand for shelf-stable dairy products, urbanization, and the versatility of dry milk in various applications.
Historically, the number of dairy farms in the United States has seen a sharp decline. In 1970, over 648,000 dairy farms were operational; by 2022, this number had dwindled to just 24,470. Despite the reduction in the number of farms, milk production has remained robust due to increased herd sizes and improved dairy farming practices. This consolidation has led to more efficient production and processing, contributing to the availability and affordability of dry milk products.
Consumer behavior has also shifted notably. While traditional liquid milk consumption has decreased, there has been a rise in the demand for dairy products like cheese, yogurt, and dry milk powders. The convenience of dry milk, with its extended shelf life and ease of transportation, makes it a preferred choice for both consumers and manufacturers. It's extensively used in confectioneries, baked goods, nutritional supplements, and infant formulas.
In recent years, the U.S. Department of Agriculture (USDA) has implemented changes to dairy pricing policies to better reflect current market conditions. After a comprehensive review, several amendments were introduced to the Federal Milk Marketing Order (FMMO) pricing formulas. These changes aim to modernize the dairy industry, ensuring fair compensation for producers and stable prices for consumers. The amendments include updates to skim milk composition factors, adjustments in manufacturing allowances, and revisions to the Class I skim milk price formula. These reforms are set to take effect on June 1, 2025, with some changes beginning on December 1, 2025.
From personal experience, incorporating dry milk powder into daily routines offers both convenience and nutritional benefits. During extended outdoor activities, such as hiking or camping, dry milk serves as a reliable source of essential nutrients without the need for refrigeration. Its versatility allows for easy integration into various recipes, enhancing both flavor and nutritional value.
However, the industry faces challenges. The rise of plant-based dairy alternatives presents competition, appealing to health-conscious consumers and those with dietary restrictions. Additionally, environmental concerns related to dairy farming practices have prompted discussions about sustainability within the industry. To address these issues, many producers are adopting eco-friendly practices and exploring innovative solutions to reduce their environmental footprint.
In conclusion, the U.S. dry milk product market is navigating a complex landscape marked by changing consumer preferences, regulatory reforms, and environmental considerations. The industry's ability to adapt to these challenges while meeting consumer demand will determine its trajectory in the coming years.
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High Desert Milk
Agri-Mark
All American Foods
Associated Milk Producers
C.W. Resources
HiPP GmbH & Co. Vertrieb KG
Verla (Hyproca)
OMSCo
Prolactal GmbH (ICL)
Ingredia SA
Aurora Foods Dairy Corp.
OGNI (GMP Dairy)
Hochdorf Swiss Nutrition
Triballat Ingredients
Organic West Milk
Royal Farm
RUMI (Hoogwegt)
SunOpta
Inc.
NowFood
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Dry Milk Product Market
Whole Dry Milk Powder
Skimmed Dry Milk Powder
Non-fat Dry Milk Powder
Infant Formula Powder
Fortified Dry Milk
Dairy Industry
Bakery & Confectionery
Food & Beverage
Infant Nutrition
Food Service Industry
Online Retail
Hypermarkets & Supermarkets
Specialty Stores
Direct Sales
Wholesale Distributors
Organic Dry Milk Powder
Conventional Dry Milk Powder
Fortified Dry Milk Products
Flavored Dry Milk Powder
Customized Dry Milk Formulations
Bags
Tins
Pouches
Bulk Containers
Single-serve Packs
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Dry Milk Product Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Dry Milk Product Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Dry Milk Product Market, By Type
6. Global Dry Milk Product Market, By Application
7. Global Dry Milk Product Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Dry Milk Product Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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