The Asia-Pacific Milk Powder Market is poised to grow from US$ 11.54 billion in 2024 to US$ 18.25 billion by 2033, registering a CAGR of 5.22% from 2025 to 2033. Key drivers include increased urbanization, longer shelf life, higher infant numbers, and rising demand for convenient dairy alternatives. The market is buoyed by growing health consciousness and increasing disposable income, particularly in China and India. E-commerce and modern retail expansion enhance accessibility. However, challenges like fluctuating raw material prices and intense competition persist. Key players include Nestle, Fonterra, and Amul.
The Asia-Pacific Milk Powder Market is poised to grow from US$ 11.54 billion in 2024 to US$ 18.25 billion by 2033, registering a CAGR of 5.22% from 2025 to 2033. Key drivers include increased urbanization, longer shelf life, higher infant numbers, and rising demand for convenient dairy alternatives. The market is buoyed by growing health consciousness and increasing disposable income, particularly in China and India. E-commerce and modern retail expansion enhance accessibility. However, challenges like fluctuating raw material prices and intense competition persist. Key players include Nestle, Fonterra, and Amul.
