Global Milk Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2033
"Global Milk Protein Market was valued at over USD 8643.6 Mn in 2023 and the market will grow to USD 19841.6 mn and is projected to register а САGR approximately to 8.90% by 2033."
Global Milk Protein Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2033” is a recent report generated by MarketResearch.biz. The global milk protein market report has been segmented on the basis of type, form, application, and region.
Global Milk Protein Market: Overview
Milk protein is used for various nutritional and functional applications, and mainly contains two proteins such as whey and casein. Whey protein contains all the essential nine amino acids, hence is considered a whole protein.
Global Milk Protein Market: Dynamics
Rising health awareness and increasing preference for healthy food products among consumers are major factors driving the growth of the global milk protein market. Milk protein has anti-cancer properties and it helps in lowering the levels of cholesterol and lowers the risk of asthma, blood pressure, and cardiovascular diseases. These are some of the factors supporting the growth of the global market. Furthermore, the growing demand for clinical nutrition, sports nutrition, and baby formulas is a factor expected to boost the growth of the global milk protein market in the near future.
However, milk protein cannot be consumed by lactose intolerant individuals and the vegan population is also growing rapidly, these factors may hamper the growth of the global milk protein market to a certain extent. In addition, the availability of alternative plant-based proteins is another factor that could affect the growth of the global market. Nevertheless, increasing demand for milk protein in emerging economies can create high revenue opportunities for players in the target market.
Global Milk Protein Market: Segment Analysis
Among the type segments, the whey protein concentrates segment is expected to account for a significant share in terms of revenue over the forecast period. Whey protein concentrates are used for increasing dietary protein content and as a bodybuilding supplement. Increasing adoption of whey protein concentrates in confectionaries, sports nutrition, desserts, and bakery products is a factor supporting growth of this segment in the global market.
Among the application segments, the sports nutrition segment is expected to dominate the global market in terms of revenue. Increasing demand for food products with high protein content is a key factor driving the growth of this segment in the target market. In addition, increasing investments in the development of new products containing milk protein is another factor expected to augment the revenue growth of this segment.
Global Milk Protein Market: Region Analysis
Currently, the market in Europe accounts for a major share in terms of revenue and is anticipated to maintain its position over the forecast period. Increasing demand for milk protein which is added to low-fat food and beverage products is a factor driving growth of the target market in this region. Increasing preference for value-added products and awareness regarding the health benefits of milk protein are factors supporting growth of the target market in Europe. The market in North America accounts for second-highest share in terms of revenue in the near future.
The market in the Asia Pacific is anticipated to register significant growth in terms of revenue over the forecast period, followed by Latin America and Middle East & Africa. Growing food and beverage industry, coupled with increasing demand for processed food among consumers are factors propelling growth of the target market in the Asia Pacific.
Global Milk Protein Market Segmentation:
Segmentation by Type:
- Whey Protein Isolates
- Whey Protein Concentrates
- Milk Protein Hydrolysates
- Milk Protein Isolates
- Milk Protein Concentrates
- Others (Milk and Whey Peptides, Colostrums, Alpha-Lactalbumin, and Whey Protein Hydrolysates)
Segmentation by Form:
Segmentation by Application:
- Dairy Products
- Sports Nutrition
- Infant Formula
- Others (Functional Food, Confectionary Products, and Dry Mixes)
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD 8643.6 Mn Growth Rate 8.90% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Fonterra Co-operative Group Limited
- Lactalis Ingredients SNC
- Arla Foods Amba
- Koninklijke FrieslandCampina N.V.
- Glanbia, Plc
- Kerry Group plc
- Saputo Inc.
- Havero Hoogwegt BV
- AMCO Protein
- Sachsenmilch Leppersdorf GmbH
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