According to the latest report by IMARC Group, titled “Milk Protein Concentrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the global milk protein concentrate market share.The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global milk protein concentrate market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028.
Milk protein concentrate refers to concentrated dairy products that contain encapsulated bioavailable calcium. They are available in powder and liquid forms. These milk protein concentrate variants are prepared by concentrating the protein fractions of skimmed milk through membrane separation technology. They promote weight management by lowering calorie intake and the desire to consume sugary foods. Milk protein concentrate products have low-lactose and high-protein consistency and are used as a key ingredient in preparing numerous protein-fortified drinks, energy bars, snacks, desserts, low-carbohydrate foods, and packaged dairy products, including yogurt, paneer, cheese slices, etc. Consequently, they find extensive applications across several sectors, such as food and beverage and dairy across the globe.
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Market Trends & Drivers
The expanding prevalence of diabetes, obesity, and other lifestyle diseases and the increasing awareness among the masses about the advantages of consuming a balanced diet are primarily driving the milk protein concentrate market. Moreover, the elevating need for infant formula, on account of its nutritional benefits that aid in the proper development of infants by adequately fulfilling the required dietary needs, is acting as another significant growth-inducing factor. Besides this, the growing active participation of individuals in various sports activities and fitness programs and the inflating demand for protein supplements are also positively influencing the global market. In addition to this, the rising expenditure of leading market players on research and development (R&D) activities to launch new products with improved flavor and aroma and the escalating milk production across countries are expected to propel the milk protein concentrate market over the forecasted period.
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AMCO Proteins, Cabot Creamery Co-operative (Agri-Mark Inc.), Erie Foods International Inc., Fonterra Co-operative Group Limited, Glanbia PLC, Grassland Dairy Products Inc., Idaho Milk Products, Kerry Group plc, Royal FrieslandCampina N.V., Saputo Inc., TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited) and Westland Milk Products (Yili Group).
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Powder
- Liquid
Breakup by Concentration:
- Low
- Medium
- High
Breakup by Application:
- Packaged Products
- Nutritional Products
- Infant Formula
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom,
Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia,
Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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