Milk Protein Global Market Report 2024

Description

“Milk Protein Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on milk protein market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for milk protein? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The milk protein market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Milk Protein Concentrate; Milk Protein Isolate [MPI]; Milk Protein Hydrolysates; Casein And Caseinates; Whey Protein Concentrate; Whey Protein Isolate; Other Types
2) By Form: Dry; Liquid
3) By Livestock: Cow; Buffalo; Goat
4) By Application: Dairy Products; Frozen Desserts; Infant Formula; Dietary Supplements; Bakery; Confectionery; Beverages; Sweet; Savory Snacks
5) By Distribution Channel: Online; Offline
Companies Mentioned: Royal FrieslandCampina N.V.; Fonterra Co-operative Group Limited; Arla Foods amba; Amco Proteins Company.; Saputo Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Milk protein is derived from filtered milk and encompasses whey and casein proteins, finding applications in various nutritional and functional contexts.

The primary types of milk protein include milk protein concentrate, milk protein isolate, milk protein hydrolysates, casein and caseinates, whey protein concentrate, whey protein isolate, and other variations. Milk protein concentrate is a condensed milk product with a high milk protein content, available in both dry and liquid forms. Livestock such as cows, buffalo, and goats contribute to the production of these proteins. Milk proteins are utilized across diverse applications, including dairy products, frozen desserts, infant formula, dietary supplements, bakery items, confectionery, beverages, sweet snacks, savory snacks, and other applications. Distribution channels include both online and offline platforms.

The milk protein market research report is one of a series of new reports from The Business Research Company that provides milk protein market statistics, including milk protein industry global market size, regional shares, competitors with a milk protein market share, detailed milk protein market segments, market trends and opportunities, and any further data you may need to thrive in the milk protein industry. This milk protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The milk protein market size has grown strongly in recent years. It will grow from $12.64 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The historical period's growth can be attributed to several factors, including research and development in nutritional science, the ascent of health and wellness trends, an increasing demand for sports nutrition, the growth of functional food and beverages, and a shift towards plant-based alternatives.

The milk protein market size is expected to see strong growth in the next few years. It will grow to $18.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to shifting dietary patterns, the adoption of sustainable production practices, ongoing research and development in nutritional science, innovation in plant-based alternatives, the expanding market for functional food and beverages, and the increasing application in infant formula. Prominent trends in the forecast period encompass the rising demand for high-quality protein sources, ongoing research and development in nutrition science, a focus on customization and specialty products, technological advancements in processing, and the growing concerns about sustainability and ethical consumption.

The anticipated increase in the infant birth rate is set to drive the growth of the milk protein market. The infant birth rate, a demographic measure indicating the rate at which births occur in relation to the entire population, is expected to rise. This higher birth rate necessitates meeting the nutritional needs of infants, with milk protein playing a crucial role in fulfilling these requirements and thereby fostering market growth. For example, as of May 2022, the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, reported a 1% increase in the birth rate, rising from 55.6 in 2020 to 56.6 in 2021-the first increase in seven years. Consequently, the upward trend in the infant birth rate contributes to the growth of the milk protein market.

The expanding food and beverage industry is poised to drive the growth of the milk protein market. The food and beverage sector, encompassing production, processing, distribution, and sales, is witnessing significant growth. Milk protein is increasingly being integrated into a variety of products within this industry due to its unique functional and nutritional properties, enhancing texture, flavor, and nutritional value. According to Harvard Business Review, the anticipated growth in food demand is projected to range from 59% to 98% by the year 2050. Therefore, the burgeoning food and beverage industry is a significant factor propelling the growth of the milk protein market.

A notable trend in the milk protein market is product innovation, with major players focusing on technological advancements to enhance competitiveness. For instance, in September 2022, Arla Foods, the Danish-Swedish multinational cooperative and the largest producer of dairy products, introduced Lacprodan ISO-a novel solution for protein bars. This product boasts high-quality protein, low sugar content, and a premium ingredient profile, providing a sugar-free alternative for individuals with digestive sensitivities.

Major players in the milk protein market are investing in technological advancements, such as the fractionation process, to improve competitiveness. Fractionation, a separation process based on differences in physical or chemical properties, is employed to separate a mixture into its component parts. In November 2021, Arla Foods Ingredients, a Denmark-based company specializing in milk-based ingredients, launched a patented milk fractionation process. This innovative method separates milk into its different protein components, bypassing traditional cheese-making processes. The technology allows for a larger potential raw material pool, creates protein streams through a controlled process with fewer steps, and ensures gentler milk processing.

In May 2021, Saputo, a global producer and distributor of various dairy products, acquired the Reedsburg facility of Wisconsin Specialty Protein LLC for $30 million. Through this acquisition, Saputo aims to enhance its international ingredient portfolio and expand production capacity, ultimately improving efficiency. Wisconsin Specialty Protein LLC, based in the US, is a manufacturer of organic cow, sheep, and goat whey protein products.

Major companies operating in the milk protein market report are Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Amco Proteins Company., Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group B.V., Lactalis Ingredients, Sachsenmilch Leppersdorf GmbH, Cargill Inc., Archer-Daniels-Midland Company, Omega Protein Corporation, Dean Foods Company, Charotar Casein Company, Danone Nutricia, Hilmar Ingredients, Milk Specialties Global, Idaho Milk Products, Agropur Dairy Cooperative, Carbery Group Limited, Davisco Foods International Inc., Leprino Foods Company, Lactose Limited, Erie Foods International Inc., Grande Custom Ingredients Group, Milkaut S.A., Farbest Brands Inc., Batory Foods Inc., Armor Proteines, Nutrimed Healthcare, Agri-Mark Inc., Arion Dairy Products B.V .

North America was the largest region in the milk protein market share in 2023. The regions covered in the milk protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the milk protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The milk protein market consists of sales of protein powder, protein bars, and protein milk. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11151

1. Executive Summary

2. Milk Protein Market Characteristics

3. Milk Protein Market Trends And Strategies

4. Milk Protein Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Milk Protein Market Size and Growth

5.1. Global Milk Protein Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Milk Protein Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Milk Protein Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Milk Protein Market Segmentation

6.1. Global Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Milk Protein Concentrate
Milk Protein Isolate [MPI]
Milk Protein Hydrolysates
Casein And Caseinates
Whey Protein Concentrate
Whey Protein Isolate
Other Types
6.2. Global Milk Protein Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dry
Liquid
6.3. Global Milk Protein Market, Segmentation By Livestock, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cow
Buffalo
Goat
6.4. Global Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Dairy Products
Frozen Desserts
Infant Formula
Dietary Supplements
Bakery
Confectionery
Beverages
Sweet
Savory Snacks
6.5. Global Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Online
Offline

7. Milk Protein Market Regional And Country Analysis

7.1. Global Milk Protein Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Milk Protein Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Milk Protein Market

8.1. Asia-Pacific Milk Protein Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Milk Protein Market

9.1. China Milk Protein Market Overview
9.2. China Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Milk Protein Market

10.1. India Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Milk Protein Market

11.1. Japan Milk Protein Market Overview
11.2. Japan Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Milk Protein Market

12.1. Australia Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Milk Protein Market

13.1. Indonesia Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Milk Protein Market

14.1. South Korea Milk Protein Market Overview
14.2. South Korea Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Milk Protein Market

15.1. Western Europe Milk Protein Market Overview
15.2. Western Europe Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Milk Protein Market

16.1. UK Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Milk Protein Market

17.1. Germany Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Milk Protein Market

18.1. France Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Milk Protein Market

19.1. Italy Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Milk Protein Market

20.1. Spain Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Milk Protein Market

21.1. Eastern Europe Milk Protein Market Overview
21.2. Eastern Europe Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Milk Protein Market

22.1. Russia Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Milk Protein Market

23.1. North America Milk Protein Market Overview
23.2. North America Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Milk Protein Market

24.1. USA Milk Protein Market Overview
24.2. USA Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Milk Protein Market

25.1. Canada Milk Protein Market Overview
25.2. Canada Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Milk Protein Market

26.1. South America Milk Protein Market Overview
26.2. South America Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Milk Protein Market

27.1. Brazil Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Milk Protein Market

28.1. Middle East Milk Protein Market Overview
28.2. Middle East Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Milk Protein Market

29.1. Africa Milk Protein Market Overview
29.2. Africa Milk Protein Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Milk Protein Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Milk Protein Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Milk Protein Market Competitive Landscape And Company Profiles

30.1. Milk Protein Market Competitive Landscape
30.2. Milk Protein Market Company Profiles
- 30.2.1. Royal FrieslandCampina N.V.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Fonterra Co-operative Group Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Arla Foods amba
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Amco Proteins Company.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Saputo Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Milk Protein Market Competitive Benchmarking

32. Global Milk Protein Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Milk Protein Market

34. Milk Protein Market Future Outlook and Potential Analysis

34.1 Milk Protein Market In 2028 - Countries Offering Most New Opportunities
34.2 Milk Protein Market In 2028 - Segments Offering Most New Opportunities
34.3 Milk Protein Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer