Discover trends, market shifts, and competitive outlooks for the non fat dry milk industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Non Fat Dry Milk Market Expected to Grow Between 2025 And 2029?

The growth of the non fat dry milk market has been robust in the past few years. The market value is projected to increase from $8.41 billion in 2024 to $8.92 billion in 2025, with a compound annual growth rate (CAGR) of 6.1%. The expansion in this period is contributed to an increase in consumption of dairy goods, consumer tastes, competition in the dairy sector, financial factors, and its use as a component in food items.

The market size for non-fat dry milk is predicted to experience significant expansion in the coming years, reaching a value of $11.26 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. The growth expected over the forecast period can be linked to factors such as effective supply chain management, health and wellness trends, evolving dietary preferences, the popularity of dairy alternatives, and an increase in the world’s population and urbanization. Notable trends forecasted for this period include the innovation of new products, the incorporation of functional foods, introducing environment-friendly products, and the rise in plant-based substitutes.

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What Are the Core Market Drivers Propelling Growth in the Non Fat Dry Milk Industry?

The increase in health awareness among consumers is anticipated to propel the expansion of the non-fat dry milk market in the future. These health-conscious consumers lead a lifestyle centered around wellness and express concern about their environment and nutrition. The rising awareness about health and the importance of maintaining a fit lifestyle to avoid chronic and long-term diseases have contributed to this increase in health consciousness. Numerous health-minded individuals are choosing non-fat dry milk for its several benefits; powdered milk, for example, equals the nutritional value of fresh milk, provides needed minerals for bone development, and meets nutrition requirements with its high protein, calcium, vitamin D, and vitamin A content. According to an online survey by the International Food Information Council (IFIC), a non-profit US organization providing science-based information on food, nutrition, and health, of the 3,000 American participants surveyed in June 2024, 54% had opted for a healthy diet or eating pattern that year, a significant increase from 52% the previous year. Hence, the increasing health consciousness among consumers is expected to fuel the growth of the non-fat dry milk market.

How Is the Non Fat Dry Milk Market Segmented?

The non fat dry milk market covered in this report is segmented –

1) By Type: Spray Dried, Roller Dried

2) By Classification: High-Heat NFDM (Non Fat Dry Milk), Medium-Heat NFDM (Non Fat Dry Milk), Low-Heat NFDM (Non Fat Dry Milk)

3) By Variety: Almond NFDM (Non Fat Dry Milk), Coconut NFDM (Non Fat Dry Milk), Soy NFDM (Non Fat Dry Milk), Other Varieties

4) By Function: Browning Or Color, Emulsification, Foaming, Water Binding, Flavor

5) By End-User: Residential, Commercial

Subsegments:

1) By Spray Dried: Instant Non-Fat Dry Milk, Regular Non-Fat Dry Milk

2) By Roller Dried: Regular Roller Dried Milk, Instant Roller Dried Milk

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Which Regions Are Driving the Next Phase of the Non Fat Dry Milk Market Growth?

North America was the largest region in the non-fat dry milk market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the non-fat dry milk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Key Market Trends and Innovations Are Shaping the Future of the Non Fat Dry Milk Industry?

Leading businesses in the non-fat dry milk market are creating innovative products like RTD-flavored milk to cater to an expanding consumer base, boost sales, and enhance revenue. RTD (Ready-to-Drink) flavored milk is a simple, pre-packaged beverage that combines milk with varied flavors, meant for consumption on-the-move. An example is Nestlé, a food product corporation from Switzerland. In August 2024, they rolled out a limited-edition RTD-flavored milk under their Nesquik brand, termed Nesquik Another Bun – a beverage with a cinnamon bun flavor that carries traces of sweet cinnamon and baked dough. The drink, made with 100% genuine milk, offers 14g of protein in each low-fat serving.

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How Is the Non Fat Dry Milk Market Defined and What Are Its Core Parameters?

Non-fat dry milk is the end product after removing the fat and water from the milk. It includes the same amounts of lactose, milk proteins, and milk minerals as the fresh milk from which it was manufactured. The moisture content of the product is less than 5% of the total weight.

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