The Global Milk Protein Concentrate Market was valued at USD 2.90 billion in 2020 and is projected to grow at a CAGR of 4.9% during the forecast period till 2030. Milk protein concentrates are milk products with concentrated milk protein contents. They are made by preparing slim milk, which requires a sequence of methods, such as ultrafiltration, evaporation, and spray drying. The rise in the utilization of protein-rich food and nutritious products is the major factor in driving the milk protein concentrate market.
Another important factor that is driving the milk protein concentrates market is the increasing number of health-conscious consumers worldwide, which have enhanced the utilization of milk protein concentrates in food products. The demand for milk protein concentrates is due to the increasing awareness among parents regarding the nutritional advantages of infant formula. Moreover, rising birth rates in various nations and the ever-growing number of working women are expected to drive the market for milk protein concentrate over the predicted period.
Increasing purchase of sport nutrition products, together with protein-rich food and beverages like ready-to-eat meals and dietary supplements, also serves as leading drivers for increasing the demand for milk protein concentrates at a worldwide level. Additionally, rising disposable income and different advantageous and nutritive characteristics of the products are boosting the market growth.
However, lack of certainties, combined with soaring prices of milk and milk protein hydrolysates when compared to their counterparts, is expected to serve as a restraint for the development of the milk concentrate market.
FIGURE 1: GLOBAL MILK PROTEIN CONCENTRATE MARKET
FIGURE 2: GLOBAL MILK PROTEIN CONCENTRATE MARKET SEGMENTATION
Global Milk Protein Concentrate Market, by Ingredient Type
Based on ingredient type, the market is segmented into total milk proteins, co-precipitates, milk protein isolates, blends, and others. The total milk protein segment is estimated to dominate the market during the forecast period. Total milk proteins are extracted from fresh milk by membrane separation. This denaturing procedure permits proteins to retain their original properties. These proteins are utilized in both the health and nutrition sector and the food & beverage industry.
In the food industry, milk proteins are known for their functional properties, water-binding capacity, texture improvement, and heat stability. All these factors are expected to augment the product demand and enhance the milk protein concentrate market.
Global Milk Protein Concentrate Market, by Preparation Method
Based on the preparation method, the market is segmented into co-precipitation and division by ultra-filtration. The division by the ultra-filtration segment is expected to dominate the market. In division by ultra-filtration, the concentration procedure utilizes pressure to force the liquid through a porous membrane, and such membranes have minute pores, and they only let through water, organic molecules, and water smaller than proteins. The proteins are too large to pass through these pores. They also undergo evaporation and spray drying procedures. The resulting powder can be utilized in many formulations due to its functional and nutritional qualities.
Global Milk Protein Concentrate Market, by Nature
Based on nature, the market is bifurcated into organic and conventional. The organic segment is estimated to dominate the market during the forecast period. Most consumers prefer organic milk, as they think it tastes better and has a high nutritional content. Further, the organic milk is antibiotic-free and is processed utilizing ultra-high temperature processing.
Global Milk Protein Concentrate Market, by Form
Based on form, the market is segmented into powder and liquid. The dry form is more popular because of its easy storage, but the liquid form is estimated to have an upsurge over the forecast period. Powdered milk is mostly utilized in the production of infant formula and confectionery like chocolate, caramel candy, etc. Milk powder comprises all 21 standard amino acids, the components of proteins, and is high in soluble minerals and vitamins.
Global Milk Protein Concentrate Market, By Content
Based on content, the global market is segmented into 85%, 70%-85%, and 70%. The 70% segment is dominating the market. 70% milk protein concentrate offers skimmed cow milk retentate powder from native pasteurized skimmed milk, obtained by ultrafiltration, concentrated by partial vacuum evaporation and spray drying.
Global Milk Protein Concentrate Market, by Application
Based on application, the market is segmented into dairy items, nutrition items, cheese items, and others. The dairy items segment is expected to dominate the market. The nutritional advantages offered by dairy products are the important driver for market growth. The calcium content of milk helps in the grow of healthy teeth and bones among young children, making it an important part of infant nutrition and thereby increasing the market demand for dairy items.
Global Milk Protein Concentrate Market, by End-Use
Based on end-use, the market is segmented into dietary supplements, dairy products, infant formula, emulsifiers, sports nutrition, and bakery and confectionery. The infant formula segment is expected to dominate the market during the forecast period. Rising awareness among parents about the nutritive benefits of infant formula, increasing working women population, and a rise in birth rates around the world are expected to drive the demand for infant formula. The increase in milk yield is projected to augment market growth in the years to come.
Global Milk Protein Concentrate Market, by Distribution Channel
Based on the distribution channel, the market is segmented into online and offline channels. The offline channel is expected to dominate the market during the forecast period. Milk protein concentrates are primarily sold from convenience stores and supermarket stores.
The increasing online availability of milk concentrate and isolate products, and the growing number of e-commerce portals can augment the online segment’s growth during the forecast period.
Global Milk Protein Concentrate Market, By Region
Based on region, the market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. North America is expected to dominate the market during the forecast period. North America accounts for about one-third of the market due to the increasing health consciousness amongst consumers and rapid growth in fitness activities, leading to the growing demand for protein-rich supplements in the region.
The Asia Pacific region is expected to witness the highest CAGR during the forecast period, due to the rise in purchasing power of customers and an increase in middle class population in the region.
FIGURE 3: GLOBAL MILK PROTEIN CONCENTRATE MARKET OVERVIEW (USD BILLION)
What does This Report Provide?
A detailed understanding of the global milk protein concentrate market demand from a qualitative and quantitative perspective. The report also provides dynamic indicators with potential market impact during the forecast period and an in-depth analysis of the leading companies operating in the global market for milk protein concentrate.
The significant market drivers, challenges, and opportunities for the global milk protein concentrate market have been covered in the report. This report further includes the market shares of the leading companies operating in the global market, along with their production capacities and the growth strategies adopted by them.
Recent Developments in the Global Milk Protein Concentrate Market
- In December 2019, Friesland Campina collaborated with Wageningen University and Research, China Institute of Food Science and Technology, to promote research in nutrition, dairy, and health
- In February 2017, Parag Milk Foods declared the launch of Avvataar, a made-in-India whey protein range produced during the production of cheese whey from grass-fed cow milk
Market Segmentation:
By Ingredient Type:
- Total Milk Proteins
- Co-Precipitates
- Milk Protein Isolates
- Blends
- Others
By Preparation Method:
- Co-Precipitation
- Division by Ultra-Filtration
By Nature:
- Organic
- Conventional
By Form:
- Powder
- Liquid
By Content:
- 85%
- 70%-85%
- 70%
By Application:
- Dairy Items
- Nutrition Items
- Cheese Items
- Others
By End-Use:
- Dietary Supplements
- Dairy Products
- Infant Formula
- Emulsifier
- Sports Nutrition
- Bakery and Confectionery
By Distribution Channel:
- Online
- Offline
By Region:
North America Milk Protein Concentrate Market
- North America by Country
- The U.S.
- Canada
- Mexico
- North America by Ingredient Type
- North America by Preparation Method
- North America by Nature
- North America by Form
- North America by Application
- North America by End-Use
- North America by Distribution Channel
Europe Milk Protein Concentrate Market
- Europe by Country
- Germany
- The U.K.
- France
- Italy
- Spain
- Russia
- The Rest of Europe
- Europe by Ingredient Type
- Europe by Preparation Method
- Europe by Nature
- Europe by Form
- Europe by Application
- Europe by End-Use
- Europe by Distribution Channel
Asia Pacific Milk Protein Concentrate Market
- Asia Pacific by Country
- China
- India
- Japan
- South Korea
- Australia
- The Rest of Asia Pacific
- Asia Pacific by Ingredient Type
- Asia Pacific by Preparation Method
- Asia Pacific by Nature
- Asia Pacific by Form
- Asia Pacific by Application
- Asia Pacific by End-Use
- Asia Pacific by Distribution Channel
Middle East and Africa Milk Protein Concentrate Market
- Middle East and Africa by Country
- The UAE
- Saudi Arabia
- Qatar
- South Africa
- The Rest of Middle East and Africa
- Middle East and Africa by Ingredient Type
- Middle East and Africa by Preparation Method
- Middle East and Africa by Nature
- Middle East and Africa by Form
- Middle East and Africa by Application
- Middle East and Africa by End-Use
- Middle East and Africa by Distribution Channel
South America Milk Protein Concentrate Market
- South America, by Country
- Brazil
- Argentina
- The Rest of South America
- South America by Ingredient Type
- South America by Preparation Method
- South America by Nature
- South America by Form
- South America by Application
- South America by End-Use
- South America by Distribution Channel
Major Companies: In this report, the following major companies are studied: Fonterra Co-Operative Group Ltd., Glanbia plc., Idaho Milk Products, Arla Food Ingredients P/s, AMCO Proteins, Saputo Inc., Kerry Group plc., Wheyco GmbH., Erie Foods International, Inc., Theo Muller Group, Lactalis, and Darigold.
Objectives of This Report:
- To estimate the milk protein concentrate market size on a regional and global basis
- To identify major segments in the milk protein concentrate market and evaluate their market shares and demand
- To provide a competitive scenario for the milk protein concentrate market with major developments observed by key companies in the historic years
- To evaluate key factors governing the dynamics of the milk protein concentrate market with their potential gravity during the forecast period
- To evaluate the leading company-wise pricing analysis for the mentioned applications
Customization:
This study is customized to meet your specific requirements:
- By sub-segment
- By client-specific country, type, and application market analysis
- Pricing analysis along with the potential list of customers
- Product-specific competitive analysis
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