Milli‐scale reactors with an integrated microstructure offer a promising scale‐up approach for conventional microreactors. This study applies 3D‐printed structured porous millireactors to industrially relevant liquid‐liquid reactions. The underlying transport mechanisms are identified by quantifying interfacial heat and mass transfer. The structured reactors perform limited in Taylor flow compared to a packed‐bed reactor due to limited interfacial mass transfer. However, in stratified flow, their productivity increases significantly at a fraction of the pressure drop of a packed bed.