Milk fell to 18.73 USD/CWT on June 29, 2025, down 0.21% from the previous day. Over the past month, Milk's price has risen 0.59%, but it is still 5.83% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Milk - values, historical data, forecasts and news - updated on June of 2025.

This statistic shows projections for milk prices in the United States from 2019 to 2028. In 2028, it is expected that the price for milk in the U.S. will be 19.89 U.S. dollars per cwt.

The FAO Dairy Price Index* was 142.9 points in January 2025. The coronavirus pandemic and the war in Ukraine drove the price of dairy products up throughout 2022. The prices decreased but began to rise again towards the end of 2023.For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated facts and figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

For the fifth consecutive year, the global whole fresh milk market recorded growth in sales value, which increased by 5% to $826.8B in 2024. The market value increased at an average annual rate of +2.8% over the period from 2012 to 2024; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2024 and is likely to continue growth in the near future.

Fresh whole milk, fortified, sold per gallon regardless of packaging type. Includes organic and non-organic milk."

Fresh low fat, reduced fat, or skim milk, sold per gallon, regardless of packaging type. Include organic and non-organic milk.

Average consumer prices are calculated for household fuel, motor fuel, and food items from prices collected for the Consumer Price Index (CPI). Average prices are best used to measure the price level in a particular month, not to measure price change over time. It is more appropriate to use CPI index values for the particular item categories to measure price change.

Prices, except for electricity, are collected monthly by BLS representatives in the 75 urban areas priced for the CPI. Electricity prices are collected for the BLS for the same 75 areas on a monthly basis by the Department of Energy using mail questionnaires. All fuel prices include applicable Federal, State, and local taxes; prices for natural gas and electricity also include fuel and purchased gas adjustments.

For more information, please visit the Bureau of Labor Statistics (https://www.bls.gov/cpi/factsheets/average-prices.htm).

Dairy Price Index in World increased to 153.50 Index Points in May from 152.20 Index Points in April of 2025. This dataset includes a chart with historical data for World Dairy Price Index.

How much is a gallon of milk? In 2024, the average retail price of whole fortified milk in the United States was *** U.S. dollars, which was a decrease from the previous year. Milk production Dairy farming is an agricultural business which is engaged in the long-term milk production within the dairy industry. Dairy farming is a large contributor to the overall economy in many states. California, Wisconsin, and Idaho had the highest milk supply in 2022. Continuing the trend of each year breaking the record for milk production, an estimated ***** billion pounds of milk were produced in 2023. Milk consumption Since 2011, there has been a steady decline in milk consumption in the United States, with just **** liters consumed per capita compared to **** in 2011. This could be explained by consumers’ increasing shift towards plant-based dairy alternatives. In 2019, ** percent of consumers consumed soy products at least once a week, up from ** percent in 2010.

The South African whole fresh milk market reached $2.7B in 2024, surging by 3.7% against the previous year. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2024; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2024 and is likely to continue growth in years to come.

According to Cognitive Market Research, the global Dry Whole Milk Powder market size will be USD 12541.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 4640.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3637.04 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 3009.96 million in 2025 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 476.58 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2025 to 2033.
The Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 501.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 275.91 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Regular category is the fastest growing segment of the Dry Whole Milk Powder industry

Market Dynamics of Dry Whole Milk Powder Market

Key Drivers for Dry Whole Milk Powder Market

Rising Demand for Dairy-Based Products to Boost Market Growth

The increasing global demand for dairy-based products is a significant driver for the dry whole milk powder market. As consumer preferences shift toward convenient, shelf-stable, and easily transportable dairy products, dry whole milk powder becomes an essential ingredient in various food applications. This product is widely used in infant formulas, bakery products, confectioneries, and beverages, where it offers a stable form of milk with an extended shelf life. Additionally, dry whole milk powder is essential in countries with limited access to fresh milk due to logistical or climatic challenges. As population growth and urbanization continue, particularly in emerging markets, the demand for affordable and nutritious dairy products further fuels the market. The product's versatility and long shelf life make it increasingly popular among manufacturers and consumers alike, propelling market growth across different regions. For instance, Fonterra announced their plan to reduce greenhouse gas emissions by 30% at all their manufacturing sites by 2030, aligning with their long-term sustainability goals.

https://www.fonterra.com/nz/en/our-stories/media/fonterra-announces-climate-plans-for-the-future.html

Expansion of the Dairy Industry in Emerging Markets to Boost Market Growth

Emerging markets, especially in Asia-Pacific, Latin America, and Africa, are key regions driving the growth of the dry whole milk powder market. As income levels rise and urbanization increases, the consumption of dairy products has surged in these regions. The demand for dry whole milk powder is particularly strong due to its role in providing essential nutrients and as a functional ingredient in a variety of food products. Moreover, with the expansion of the dairy industry and improved dairy processing capabilities in these regions, there is a higher production of milk powder. Governments in many of these regions are also encouraging dairy farming through subsidies and support for local dairy producers, which further boosts the market. The rise in middle-class populations and changing dietary habits in these regions contribute to the growing consumption of dairy-based foods, further driving the market's expansion.

Restraint Factor for the Dry Whole Milk Powder Market

Fluctuating Raw Material Prices Will Limit Market Growth

The market for dry whole milk powder faces challenges due to the volatility in the prices of raw milk, which is a primary ingredient in its production. Changes in supply and demand, caused by factors such as climate conditions, government policies, and market imbalances, directly affect the cost of raw milk. Price fluctuations in feed, energy, and labour costs also contribute to production uncertainty. These rising costs can lead to higher prices for dry whole milk powder, which may discourage consumers a...

Milk Price in Colombia - 2022. Find the latest marketing data on the IndexBox platform.

In 2024, the Sri Lankan whole fresh milk market increased by 1.7% to $710M, rising for the second year in a row after two years of decline. Overall, the total consumption indicated a noticeable increase from 2012 to 2024: its value increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +2.5% against 2022 indices.

Retail Price: DCA: Monthly Average: Milk: Telangana data was reported at 57.560 INR/l in Apr 2025. This records a decrease from the previous number of 57.730 INR/l for Mar 2025. Retail Price: DCA: Monthly Average: Milk: Telangana data is updated monthly, averaging 46.450 INR/l from Jan 2014 (Median) to Apr 2025, with 136 observations. The data reached an all-time high of 65.780 INR/l in May 2024 and a record low of 37.000 INR/l in Feb 2014. Retail Price: DCA: Monthly Average: Milk: Telangana data remains active status in CEIC and is reported by Department of Consumer Affairs. The data is categorized under India Premium Database’s Price – Table IN.PC101: Retail Price: Department of Consumer Affairs: Agriculture Commodities: Monthly Average: by States: Milk.

According to Cognitive Market Research, the global Skim Milk Powder market size will be USD 116524.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 46609.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3753.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 26800.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5826.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2330.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The Instant category is the fastest growing segment of the Skim Milk Powder industry

Market Dynamics of Skim Milk Powder Market

Key Drivers for Skim Milk Powder Market

Increasing consumer awareness regarding health and nutrition to Boost Market Growth

Increasing consumer awareness regarding health and nutrition is significantly driving the skim milk powder market. As more people prioritize healthier lifestyles, they seek low-fat and nutrient-rich food options. Skim milk powder, being low in fat and high in protein, is perceived as a healthier alternative to whole milk, appealing to health-conscious consumers. Additionally, the growing trend of incorporating dairy products into balanced diets, particularly among athletes and fitness enthusiasts, has boosted demand for skim milk powder. Its versatility in various applications, including baking, cooking, and as a nutritional supplement, further enhances its attractiveness. Moreover, increased awareness of the benefits of calcium and vitamins found in skim milk powder supports its consumption, leading to a positive market outlook. For instance, to rejuvenate the well-established product category, Chinese dairy company Junlebao launched a new milk powder line called "Le Gai," designed to enhance calcium absorption for middle-aged and older consumers. According to the company, Le Gai milk offers 1200 mg of calcium per 100 g of powder, providing twice the calcium content compared to standard whole milk powder.

Growing consumption of dairy products to Drive Market Growth

The growing consumption of dairy products is a significant driver of the skim milk powder market. As dietary preferences shift towards healthier options, consumers increasingly favor dairy for its nutritional benefits, including high protein and essential vitamins. Skim milk powder serves as a versatile ingredient in various food applications, such as baked goods, confectioneries, and dairy-based beverages, catering to the rising demand for dairy-rich products. Additionally, the popularity of products like yogurt and cheese, which often incorporate skim milk powder, has surged, further fueling its consumption. Moreover, emerging markets are witnessing an increase in dairy consumption due to urbanization and changing lifestyles, contributing to the expanding skim milk powder market. This trend is supported by growing awareness of the health benefits associated with dairy intake.

Restraint Factor for the Skim Milk Powder Market

Fluctuations in milk prices will Limit Market Growth

Fluctuations in milk prices pose a significant restraint on the skim milk powder market. As the primary raw material for producing skim milk powder, any volatility in milk prices directly impacts production costs. When milk prices rise sharply, manufacturers may face increased operational costs, leading to higher prices for skim milk powder. This can reduce consumer demand as buyers seek more affordable alternatives or adjust their purchasing habits. Conversely, if milk prices drop, it may lead to oversupply, driving down prices and squeezing profit margins for producers. Such uncertainty can hinder long-term investments in the market and create challenges for suppliers in planning their production schedules, ultimately affecting the o...

In April 2025, the average price for a kilogram of milk in Germany was around **** euro cents. This refers to the price dairies purchasing the milk paid to dairy farmers. However, dairies pay individual prices to farmers depending on the business structure, region and time of year, which can result in differences in the milk price. Milk in agriculture is usually invoiced in kilograms, but the food trade usually sells milk in liters. One liter of milk corresponds to around 1.03 kilograms.

Milk Price in the United States - 2023. Find the latest marketing data on the IndexBox platform.

According to Cognitive Market Research, the global Milk Powdermarket size is USD 35245.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.10% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 14098.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 10573.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 8106.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 1762.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 704.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.
Hypermarkets/supermarkets dominate the distribution channel for waterproof televisions due to their extensive reach and the wide variety of products they offer under one roof.

Market Dynamics of Milk Powder Market

Key Drivers for Milk Powder Market

Rising Demand for Nutrient-Rich, Shelf-Stable Products to Increase the Demand Globally

One of the key drivers in the Milk Powder Market is the escalating demand for nutrient-rich, shelf-stable dairy products. As consumers become more health-conscious and seek convenient yet nutritious options, milk powder emerges as an ideal solution. It offers the same nutritional benefits as fresh milk, such as high protein, calcium, and essential vitamins, without the perishability concerns. This is particularly advantageous in regions with limited access to fresh dairy products, where milk powder can provide a reliable and long-lasting source of essential nutrients. Additionally, the ease of storage and transportation further boosts its appeal among consumers and food manufacturers alike.

Growth in Infant Formula and Baby Food Industries to Propel Market Growth

Another significant driver propelling the Milk Powder Market is the robust growth in the infant formula and baby food industries. With a rising global population and increasing awareness of infant nutrition, the demand for high-quality, safe, and nutritious baby food products is soaring. Milk powder, being a crucial ingredient in infant formula, plays a vital role in meeting this demand. The product’s ability to provide essential nutrients necessary for infant growth and development makes it indispensable in the formulation of baby foods. Moreover, advancements in milk powder processing technologies have enhanced its safety, quality, and nutritional profile, further driving its adoption in the burgeoning infant nutrition sector.

Restraint Factor for the Milk Powder Market

Fluctuating Raw Milk Prices to Limit the Sales

A significant restraint in the Milk Powder Market is the fluctuation in raw milk prices. The cost of raw milk is influenced by various factors, including feed prices, weather conditions, and supply chain disruptions. These fluctuations can lead to unpredictable production costs for milk powder manufacturers, affecting their pricing strategies and profit margins. When raw milk prices soar, manufacturers may struggle to maintain competitive prices, which can hinder market growth. Additionally, the volatility in raw milk prices can lead to supply inconsistencies, further challenging the stability and growth of the milk powder market.

Impact of Covid-19 on the Milk Powder Market

The COVID-19 pandemic had a multifaceted impact on the Milk Powder Market, influencing both supply and demand dynamics. On the supply side, disruptions in global supply chains, lockdowns, and workforce shortages led to production delays and reduced operational capacities. This created a bottleneck in the distribution channels, affecting the timely delivery of milk powder products. On the demand side, the pandemic initially caused a surge in pantry stocking, boosting sales of non-perishable items, including milk powder. However, as the situation evolved, economic uncertainties and changing consumer behaviors led to a shift in demand patterns, with increased pre...

Milk Price in the Czech Republic - 2023. Find the latest marketing data on the IndexBox platform.