Skim Milk Powder (SMP) Price Trend and Forecast

Skim Milk Powder (SMP) Regional Price Overview

Get the latest insights on price movement and trend analysis of Skim Milk Powder (SMP) in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).


Skim Milk Powder (SMP) Price Trend for the Second Half of 2023

The skim milk prices were observed to be fluctuating throughout the said period of the second half of the year 2023, mostly on the lower end of the price curve. This price trend was largely driven by the dull demands of the consuming industries. After falling considerably globally throughout the third quarter from July to September the SKM prices started to marginally stabilize at the beginning of the fourth quarter in October.

Skim Milk Powder (SMP) Price Chart

Skim Milk Powder (SMP) Price Trends

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This steady inclination continued for a month as the baking and food industries prepared for the Christmas holidays. However, the month of December again saw a decline in market rates since the supplies were increased and industrial consumption went on the back foot again. So, this depreciation in skim milk powder prices despite a rise in whole milk prices shows a tampering customer interest in the product. Overall, mixed market sentiments were observed.

Analyst Insight

According to Procurement Resource, the market analysis suggests that the demands will continue to be dim, however, a fall in the global SKM production is also anticipated.

Skim Milk Powder (SMP) Price Trend for the First Half of 2023

oughout the first half of 2023, especially in the European region. Prices for Skim Milk Powder (SMP) remained on a declining trajectory and continued to fall throughout the said period. The primary region for the decline in prices was reduced consumption.

A considerable decline in Skim Milk Powder (SMP) consumption has been noticed in countries like USA, Europe, and China; the majority reduction has been contributed by restaurants. The ease in freight and supply amidst declined consumption caused Skim Milk Powder (SMP) prices to fall further. Fluctuations in dollar rates in the international market also manipulated the export sentiments for Skim Milk Powder (SMP).

Analyst Insight

According to the Procurement Resource, Skim Milk Powder (SMP) prices are likely to fall in the coming quarter given the reduced demand and over-stocked inventories.

Procurement Resource provides latest prices of Skim Milk Powder (SMP). Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time pThe price trend for Skim Milk Powder (SMP) observed bearish sentiments threriod; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

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About Skim Milk Powder (SMP)

Skim Milk Powder or skimmed milk powder is extracted by eliminating water from pasteurised skim milk (fat-free milk). It is made up of 5% or less moisture (by weight) and 1.5% or less milkfat (by weight) along with a minimum milk protein content of around 34%. Skim Milk Powder has been categorised for use as an ingredient based on the heat treatment process utilised during its manufacture.

Skim Milk Powder (SMP) Product Details

Report Features Details
Product Name Skim Milk Powder (SMP)
Industrial Uses Confectionaries, Baby food, Bakery, Chocolates, CreamCheese
Synonyms Powdered milk, Dried milk, Non-fat dry milk
Supplier Database Arla Foods Amba, Dairy Farmers of America Inc, Nestlé SA, Danone S.A, Westland Milk Products
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Skim Milk Powder (SMP) Production process

  • Production of Skim Milk Powder via Spray Drying Process.

In this process, pasteurised non-fat skimmed milk is concentrated in an evaporator, reducing the content to almost 50% milk solids. The concentrated milk obtained in the previous step is then sprayed into a heated chamber, almost instantly evaporating the water content and leaving behind fine powdered particles of milk solids.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

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