Australia Milk Powder Market

Australia Milk Powder Market Overview:

The Australia milk powder market size reached USD 419.8 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 861.7 Million by 2033, exhibiting a growth rate (CAGR) of 7.7% during 2025-2033. ​The market is primarily driven by the growing demand for convenient, long-shelf-life dairy products, increased health consciousness, and expanding applications across various industries.

Australia Milk Powder Market Trends:

Expansion of Export Markets

Australia's strategic diversification into new export markets, including India, South America, and ASEAN countries, has significantly bolstered the demand for milk powder. The implementation of Free Trade Agreements (FTAs) has played a pivotal role in this expansion by removing tariffs on key dairy commodities. For instance, as per industry reports, in 2024, Australian dairy exports to China were valued at approximately one billion Australian dollars, making China the top destination for Australian dairy products. It represented around 30% of the total dairy export value, with Japan and Indonesia following as key markets. This surge in exports not only elevates Australia's status in the global dairy market but also stimulates domestic production, thereby enhancing the growth prospects of the milk powder sector.

Increasing Health and Wellness Trends

A notable shift towards health and wellness among Australian consumers has led to a heightened demand for nutritious food options, including milk powder. Milk powder's high protein content and essential nutrients align with consumers' health objectives, making it a preferred choice for those seeking convenient and wholesome dietary supplements. This trend is further supported by the growing popularity of protein-enriched products and functional foods. As consumers become more discerning about their nutritional intake, the milk powder market is poised to benefit from this heightened health awareness, driving sustained demand and market expansion. ​For instance, in October 2024, Australian precision fermentation startup All G announced plans to launch bovine lactoferrin in 2025, followed by human lactoferrin in 2026 and casein proteins thereafter. The company focuses on profitable, high-margin products, aiming to disrupt dairy markets with cost-effective, high-purity proteins. This innovation meets the needs of consumers seeking convenient, health-enhancing foods, supporting sustained market growth.

Australia Milk Powder Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on product type, function, and application.

Product Type Insights:

• Whole Milk Powder
• Skimmed Milk Powder

The report has provided a detailed breakup and analysis of the market based on the product type. This includes whole milk powder and skimmed milk powder.

Function Insights:

• Emulsification
• Foaming
• Flavoring
• Thickening

The report has provided a detailed breakup and analysis of the market based on the function. This includes emulsification, foaming, flavoring, and thickening.

Application Insights:

• Infant Formula
• Confectionery
• Sports and nutrition Foods
• Bakery Products
• Dry Mixes
• Fermented Milk Products
• Meat Products
• Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes infant formula, confectionery, sports and nutrition foods, bakery products, dry mixes, fermented milk products, meat products, and others.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Milk Powder Market News:

• In June 2024, Saputo Inc. completed the sale of two fresh milk processing facilities in Laverton North, Victoria, and Erskine Park, New South Wales, to Coles Group Limited for approximately AUD 105 Million. This transaction is part of Saputo’s global strategic plan to optimize its manufacturing network.
• In November 2024, NOVUS International expanded its nutritional feed solutions to Australia and New Zealand, offering products designed to enhance milk yield, optimize reproductive performance, and improve animal welfare. Key products include MFP Feed Supplement, MINTREX Bis-Chelated Trace Minerals, and ZORIEN SeY 3000 Prilled Yeast Additive. These improvements directly impact the quality and quantity of milk produced and higher quality milk with optimized fat and protein content is essential for producing superior milk powder.

Australia Milk Powder Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia milk powder market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia milk powder market on the basis of product type?
• What is the breakup of the Australia milk powder market on the basis of function?
• What is the breakup of the Australia milk powder market on the basis of application?
• What are the various stages in the value chain of the Australia milk powder market? 
• What are the key driving factors and challenges in the Australia milk powder market?
• What is the structure of the Australia milk powder market and who are the key players?
• What is the degree of competition in the Australia milk powder market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia milk powder market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia milk powder market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia milk powder industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.