The invention concerns a granulated dairy product comprising particles of milk powder, characterized in that the granulated product comprises particles of milk powder and dry particles selected from dried emulsified fat particles, whey protein isolates, maltodextrines, starches and sucrose or lactose powders, the milk powder and dry particles being agglomerated together and at least partially coated with a binding medium comprising a carbohydrate to form coated agglomerate particles of mean particle diameter between 10 and 10000 µm.