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The global milk powder market is estimated to increase at a CAGR of 4.03% from a market value of US$30,528.520 million in 2019 to achieve a market value of US$39,113.500 million by the end of 2025. Milk powder or dried milk find suitability in those operations where there is a lack of immediate access to adequate refrigeration methods and dairy products.
The dried milk product is obtained by the removal of water from milk. The main motive of manufacturing dried milk lies in the conversion of perishable liquid raw material into a product that can be easily stored without the loss in quality, hence this increases the shelf life of the product. The market is projected to grow at a significant pace owing to its immense application across varied end-users. This includes confectionaries, bakeries, infant formulas, and nutritional foods among others. The growing foodservice restaurants are further augmenting the