Milk Protein Market

Global Milk Protein Market Size (2024 to 2029)

The Global Milk Protein market is predicted to reach USD 11.99 billion in 2024 and USD 15.45 billion by 2029, growing at a CAGR of 5.2% during the forecast period.

Current Scenario of the Global Milk Protein Market

The global market size Considering the varied growth factors, majorly, increasing concern towards health is expected to lead to an upsurge in the market. Milk contains proteins like casein and whey. Whey or whole milk comprises of nine essential amino acids that are essential for building and repairing body tissues and as nutrition supplements. Milk proteins are obtained after the filtration of milk as isolates, hydrolysates, concentrates, and caseinates. These proteins contain a high content of calcium and branched amino acids, with a low level of fats. Milk proteins are processed in a manner that the natural form of proteins in milk is preserved maintaining a maximum of its benefits but with a low level of fats and cholesterol due to its high demand from the sports and nutrition sector.

Milk protein is used as a dietary addition in many end-use industries such as sports and nutrition, infant foods, bakery goods, sweets etc. The high incidences of lactose intolerance and fluctuation in price of raw materials have led to a decline in the overall business growth. Innovation in plant-based proteins as that of soy milk has hampered the global milk protein market growth. The rising demand for protein supplements in the sports industry, as infant food and increasing health consciousness especially in countries of Asia Pacific will create lucrative opportunities for this business growth.

MARKET DRIVERS

A big fraction of the demand of milk protein is from sports and nutrition sector. There has been increase in popularity of dairy products. The demand for nutrition-rich products is boosting the sales of milk protein. The rising awareness of people towards healthy food and a healthy life have fuelled the demand of milk protein. Also, the poor metabolic health of people like lactose intolerance has contributed to the market’s growth. Milk protein is also used in baby food as a direct source of protein. This section is supposed to witness huge growth due to awareness regarding the benefits offered by milk proteins and increasing number of working women. The use of lucrative health claims by manufacturers of milk proteins and their derived products also have derived the market demand. The growing scope of milk proteins in varied industries as bakery ingredients, sweets, snacks, cosmetics, beverages, frozen desserts, healthcare and medication sector have led to global milk protein market expansion.

MARKET RESTRAINTS

Fluctuation in prices of raw materials causes the major challenge to the global milk protein market. Rising veganism concerns are restraining the growth of the market. Milk proteins are being replaced by рlаnt-bаѕеd рrоtеіnѕ like ѕоу. Another restraint in the market growth may be linked to the increased instances of lactose intolerance.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Milk Protein Market Analysis By Form

Out of these, the dry form is more popular due to its easy storage but liquid form is expected to have an upsurge over the forecast period.

Milk Protein Market Analysis By Application

A major share of the milk protein market lies only in the sports, nutrition and infant industry due to the high demand for protein supplements. The demand in infant foods industry is rising due to the increasing awareness about its high protein content and the increase in numbers of working women. It is expected to be the most promising sector during the forecast period along with sports nutrition.

REGIONAL ANALYSIS

Germany is supposed to be the most promising region. North America accounts for the second most lucrative portion based on market share in global milk protein market. Asia Pacific is catching up due to the increasing awareness amongst consumers.

KEY PLAYERS IN THE GLOBAL MILK PROTEIN MARKET

Key Players In Milk Protein Market are Royal Friesland Campina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), Theo Müller Group (Germany).

RECENT HAPPENINGS IN THE MARKET

• Parag Milk Foods has launched 'Avvataar' a made-in-India whey protein range made during the making of cheese whey from grass fed’s cow milk. 

• There has been collaboration of Friesland Campina Institute with Wageningen University and Research, China Institute of Food Science and Technology aiming to promote the research in dairy, nutrition and health. 

DETAILED SEGMENTATION OF GLOBAL MILK PROTEIN MARKET INCLUDED IN THIS REPORT    

This research report on the Global Milk Protein Market has been segmented and sub-segmented based on type, form, application & region.        

By Type

• Milk Protein Concentrate [MPC]
• Milk Protein Isolate [MPI]
• Milk Protein Hydrolysates [MPH]
• Casein & Caseinates
• Whey Protein Concentrate [WPC]
• Whey Protein Isolate [WPI]

By Form

• liquid form
• dry form

By Application

• sports
• nutrition
• beverages
• bakery
• infant formula
• dairy alternatives

By Region

• Europe
• North America
• Asia Pacific
• Europe
• Middle East and Africa