Milk protein is a type of protein that is derived from filtered milk and is formed from natural whey and casein proteins. Milk protein is generally treated in a way that will keep these proteins close to their natural state, but in a purer form. The gentle purification process milk protein goes through ensures any denaturing or changing of the proteins is minimized and the amino acid profile remains excellent. Milk proteins are derived from milk and contain a rich source of essential amino acids required by the human body for growth, repair and maintenance of muscle tissue.
The milk protein market consists of sales, by entities (organizations, sole traders or partnerships), of milk protein that are extensively used in the production of various food and beverage products, owing to their nutritional benefits, including high-quality protein content and functional properties, such as emulsification, foaming and water-binding capabilities.
The global milk protein market was valued at $8,968.25 million in 2018 which was valued at 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Growing Consumption Of Healthy Products
The growing consumption of healthy products drove the growth of the milk protein market during the historic period. With growing emphasis on health and wellness, consumers are increasingly seeking products that offer functional benefits. Milk proteins are often incorporated into various health foods and beverages, including protein shakes, bars and fortified dairy products, to meet the demand for convenient and nutritious options. For instance, according to a study published by the International Food Information Council in 2020, a US-based non-profit organization for health and dietary patterns, 43% of Americans reported following a specific diet or eating pattern, which was an increase from 38% in 2019. This trend aligns with the growing use of mobile health monitoring devices or apps, with nearly 1 in 5 Americans using such tools to track their calorie intake. Therefore, the growing consumption of healthy products supported the growth of the milk protein market.
Introduction Of New Product Solutions To Enable Better-Tasting Protein Products
Companies operating in the milk protein market are introducing new protein solutions to enable better-tasting protein products and to strengthen their position in the market. For example, in November 2023, Valio, a Finland-based dairy company, introduced Valio Eila(R) MPC 65, a milk protein concentrate that aims to address common issues with the flavor and texture of protein-enriched foods. Valio Eila(R) MPC 65 is lactose-free, designed to enhance the taste and texture of products like protein puddings, shakes, ice creams and drinks. It leverages Valio's expertise in lactose-free milk protein development, offering a solution that combines the nutritional benefits of dairy milk protein without compromising on taste or texture.
The global milk protein market is highly concentrated, with large players operating in the market. The top ten competitors in the market made up 52.0% of the total market in 2022.
Milk Protein Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global milk protein market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider milk protein market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by physical form, by livestock, by application and by distribution channel.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the milk protein market.
- Global Market Size And Growth - Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by type, by physical form, by livestock, by application and by distribution channel market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking - Briefs on the financials comparison between major players in the market.
- Competitive Dashboard - Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for milk protein providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
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 Physical Form: Dry; Liquid
- 3) By Livestock: Cow; Buffalo; Other Livestock
- 4) By Distribution: Online; Offline
- 5) By Application: Dairy Products; Infant Formulas; Beverages And Dietary Supplements; Bakery And Confectionery; Snacks; Other Products
- Companies Mentioned: Royal FrieslandCampina N.V.; Fonterra Co-Operative Group Limited; Arla Foods Amba; Saputo Inc.; Lactalis Ingredients
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; milk protein indicators comparison.
- 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.