The global milk protein concentrate market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028.
Milk protein concentrate (MPC) is a concentrated dairy product that contains encapsulated bioavailable calcium. It also contains casein, caseinates, and whey protein concentrates and isolates in the same milk ratio. It is prepared by treating skimmed milk and concentrating the protein fractions through membrane separation technology. It promotes weight management by reducing calorie intake and the desire to consume sugary foods. It is used as a key ingredient in preparing various protein-fortified drinks, snacks, energy bars, desserts, and low-carbohydrate foods due to its low-lactose and high-protein consistency. Besides this, MPC finds extensive applications in formulating protein supplements, infant nutrition, and packaged dairy products, such as lassi, dahi, paneer, and cheese slices.
Milk Protein Concentrate Market Trends:
The increasing prevalence of obesity, diabetes, and other lifestyle diseases is catalyzing the demand for nutritional food products across the globe. In addition, rising awareness among the masses about the benefits of leading a healthy lifestyle and consuming a balanced diet is increasing the overall sales of MPC. The increasing awareness among parents about the nutritional benefits of infant formula is driving the demand for MPC across the globe. These concentrates are used in baby foods for the proper development of infants by fulfilling the required dietary needs. Apart from this, the active participation of individuals in sports activities and fitness programs is increasing the requirement for protein supplements, which, in turn, is strengthening the market growth. Furthermore, a significant rise in milk production is increasing the supply of MPC and offering lucrative growth opportunities for manufacturers. Additionally, rising investments by leading market players in research and development (R&D) activities to launch more product variants with enhanced aroma and flavor of dairy protein ingredients are anticipated to propel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global milk protein concentratemarket report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on nature, form, concentration, application and distribution channel.
Breakup by Nature:
Breakup by Form:
Breakup by Concentration:
Breakup by Application:
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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).
Base Year of the Analysis
Nature, Form, Concentration, Application, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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).
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Key Questions Answered in This Report
The global milk protein concentrate market was valued at US$ 3.9 Billion in 2022.
We expect the global milk protein concentrate market to exhibit a CAGR of 5.32% during 2023-2028.
The rising adoption of milk protein concentrate as a key ingredient in formulating packaged dairy products, including lassi, dahi, paneer, cheese slices, etc., is primarily driving the global milk protein concentrate market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of milk protein concentrate-based products.
Based on the form, the global milk protein concentrate market can be segmented into powder and liquid. Currently, powder holds the majority of the total market share.
Based on the concentration, the global milk protein concentrate market has been divided into low, medium, and high. Among these, high currently exhibits a clear dominance in the market.
Based on the application, the global milk protein concentrate market can be categorized into packaged products, nutritional products, infant formula, and others. Currently, packaged products account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global milk protein concentrate market include 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).
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