The global dry whole milk powder supply in 2024 is led by China with a supply of 1.88 million metric tons, followed by New Zealand at 1.66 million metric tons. Notably, Brazil stands third with 0.701 million metric tons. From 2023 to 2024, China exhibited a growth rate of 3.4%, and New Zealand showed a modest increase of 0.67%. Meanwhile, Algeria and Australia experienced declines of 2.29% and 3.75% respectively. The five-year CAGR indicates a mixed growth pattern, with countries like Belarus and Argentina likely seeing consistent improvements, whereas others such as Russia and the Philippines face negative trends.
Future trends to watch for include China's dominance in the market sustaining its upward trajectory, potential recovery in countries experiencing downturns, and the impact of global economic conditions on production and supply chain efficiencies. Focusing on sustainable production practices and exploring new emerging markets could offer additional growth opportunities.
Top countries in Dry Whole Milk Powder Supply by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 1,880 | 2023 | -1.32% | +3.4% | View data |
| 2 | 2 New Zealand | 1,660 | 2023 | +6.77% | +0.67% | View data |
| 3 | 3 Brazil | 701 | 2023 | +7.85% | +1.43% | View data |
| 4 | 4 Algeria | 293 | 2023 | 0% | -2.29% | View data |
| 5 | 5 Argentina | 266 | 2023 | -1.48% | +2.95% | View data |
| 6 | 6 Indonesia | 164 | 2023 | +0.61% | +2.21% | View data |
| 7 | 7 Mexico | 128 | 2023 | 0% | +0.32% | View data |
| 8 | 8 Australia | 95 | 2023 | -15.93% | -3.75% | View data |
| 9 | 9 Russia | 84 | 2023 | 0% | -5.76% | View data |
| 10 | 10 United States | 83 | 2023 | -3.49% | -0.71% | View data |
