Milk Protein Market By Form (Concentrates, Hydrolyzed, Isolates), By End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements), By Form (Dry, Liquid), Global Analysis to 2023

Milk Protein Market Size And Forecast

According to the new report titled " Milk Protein Market By Form (Concentrates, Hydrolyzed, Isolates), By End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements), By Form (Dry, Liquid), Global Analysis to 2023",

The valuation of the Milk Protein market was $1.25 Billion in 2023 and is projected to reach $1.99 Billion by 2032, at a CAGR of 5.29% from 2021 to 2032.

The Milk Protein Market was valued at $1.25 Billion by 2023 and expected to grow at CAGR of 5.29% over forecast period. Milk protein refers to the proteins found naturally in milk, primarily from cows but also from other mammals like goats and sheep. These proteins play a crucial role in providing essential nutrients and functional properties in various food and beverage products. Increased awareness of the health benefits associated with protein consumption has led to a growing demand for milk protein. Consumers, particularly in developed economies, are seeking protein-rich foods and beverages to support muscle health, weight management, and overall well-being. Milk protein, particularly whey protein, is a popular ingredient in nutritional supplements, sports nutrition products, and meal replacements.

The demand for these products has surged due to the rising interest in fitness, sports performance, and healthy aging, contributing to the demand for milk protein. Global population growth, particularly in emerging markets, coupled with increasing urbanization, is driving demand for convenient and affordable protein sources. As incomes rise and dietary patterns shift towards higher-protein diets, the demand for milk protein is expected to grow, especially in regions with a burgeoning middle class. Ongoing research and innovation in dairy processing and protein technologies continue to expand the range of milk protein ingredients available to food manufacturers. New product developments and improved processing techniques contribute to the diversification of milk protein applications and drive demand in both traditional and emerging markets.

Concentrates held the largest share in the Milk Protein market

By Form (Concentrates, Hydrolyzed, Isolates) where Concentrates plays a crucial role in the Milk Protein market. Milk protein concentrates (MPCs) are valued for their high nutritional quality, providing essential amino acids and serving as a rich source of protein. They are used to enhance the protein content of food products, making them appealing to consumers seeking nutritious options. Protein concentrates derived from milk can be more cost-effective compared to other protein sources, especially when considering their high protein content and functional benefits.

This makes them attractive for food manufacturers looking to optimize production costs without compromising on nutritional quality. MPCs are also used in infant formula and baby food products to provide essential nutrients for growth and development. Their high protein content and digestibility make them suitable for meeting the nutritional needs of infants and young children. The global market for protein ingredients, including milk protein concentrates, continues to expand due to increasing consumer awareness of the health benefits of protein consumption, rising disposable incomes, and changing dietary patterns worldwide.

North America headed the Milk Protein market in 2023

North American consumers are increasingly conscious of their dietary habits and are seeking nutritious and functional foods. Milk protein, known for its high-quality amino acid profile and beneficial effects on muscle health, satiety, and weight management, is in high demand among health-conscious consumers. The sports nutrition and fitness industry in North America is experiencing significant growth, driven by an increasing focus on physical fitness, performance enhancement, and muscle recovery. Milk protein concentrates and isolates are widely used in protein supplements, bars, shakes, and other sports nutrition products to meet the protein needs of athletes and fitness enthusiasts.

The demand for functional foods and beverages fortified with protein is growing in North America. Milk protein concentrates are used to enrich products like meal replacement shakes, energy bars, breakfast cereals, and smoothies, catering to consumers seeking convenient and nutritious options. There's a growing preference for clean label products among North American consumers, which has led to increased demand for natural and minimally processed ingredients. Milk protein concentrates, being naturally sourced from milk, align well with clean label trends, making them popular choices for food and beverage manufacturers.

Key market players operating in the market that are profiled in the report are Cargill, Inc., Saputo, Inc., Glanbia, Plc., Kerry Group, Plc., Arla Foods, Fonterra Co-Operative Group Limited, ROYAL FRIESLANDCAMPINA N.V., Nestlé, Idaho Milk Products, Others etc.

Report Scope

Key Players

The major players in the Milk Protein Market are

• Agrial Enterprise
• Fonterra Co-operative Group Limited
• Glanbia PLC
• Kerry Group PLC
• Royal FrieslandCampina NV
• Groupe Lactalis
• Morinaga Milk Industry Co. Ltd.
• Olam International Limited
• Archer Daniels Midland Company
• Cargill Incorporated
• DuPont Nutrition & Health

Global Milk Protein Market Segmentation Analysis

The Global Milk Protein Market is segmented based on Type, Applications, Source And Geography.

Milk Protein Market, By Type

• Casein This segment includes products derived from casein, such as caseinates and casein hydrolysates.
• Whey Protein This segment encompasses products derived from whey, including whey protein concentrates, isolates, and hydrolysates.

Milk Protein Market, By Application

• Dietary Supplements Milk proteins are widely used in dietary supplements due to their high nutritional value and muscle-building properties.
• Food & Beverages Milk proteins are utilized in a variety of food and beverage products, including protein bars, shakes, dairy products, baked goods, and infant formula.
• Sports Nutrition With their high protein content, milk proteins are popular in sports nutrition products aimed at muscle recovery and performance enhancement.
• Personal Care & Cosmetics Milk proteins are also used in personal care products and cosmetics for their moisturizing and nourishing properties.

Milk Protein Market, By Source

• Cow Milk The majority of milk protein products are derived from cow’s milk, which is abundant and widely available.
• Other Sources This segment includes milk proteins sourced from non-bovine animals such as goats, sheep, and buffalo.

Milk Protein Market, By Geography

• North America Market conditions and demand in the United States, Canada, and Mexico.
• EuropeAnalysis of the Milk Protein Market in European countries.
• Asia-PacificFocusing on countries like China, India, Japan, South Korea, and others.
• Middle East and AfricaExamining market dynamics in the Middle East and African regions.
• Latin AmericaCovering market trends and developments in countries across Latin America.

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support