The milk Protein Concentrate market size is forecast to reach $4.2 billion by 2027, growing at a CAGR of 5.4% during the forecast period 2022-2027. Milk protein concentrate (MPC) is milk products having high concentrations of milk protein. They are made by processing thin milk through a series of stages that include evaporation, ultrafiltration, and spray drying. It is a milk extract with a high amount of encapsulated accessible calcium. Because of its high protein content, it has a wide range of uses in the food and beverage industries. Although it is primarily utilized in the production of packaged dairy products, it is also an important element in protein supplements, newborn feeding, and functional food. Milk protein concentrates are offered in two forms: dry and powdered. Increasing demand for milk protein concentrate products owing to growing health awareness among the people is the major factors driving the growth of the market. Increasing disposable income coupled with changing lifestyle of the people is set to further enhance the overall market development of the Milk Protein Concentrate Market for the period 2022-2027.
The report: “Milk Protein Concentrate Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Milk Protein Concentrate Market.
Asia-Pacific dominated the Milk Protein Concentrate Market in 2020 owing to the rising disposable income of the people coupled with the growing consumption of milk protein concentrate products. The Milk Protein Concentrate Market scope for different regions will be provided in the final report.
Increasing awareness about protein rich food products is likely to driving the market growth of the Milk Protein Concentrate Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Milk Protein Concentrate Market report.
The increasing trend of veganism is poised to create the hurdles for the Milk Protein Concentrate Market.
Milk Protein Isolates the largest share in the Milk Protein Concentrate Market in 2020 and is estimated to grow at a CAGR of 5.9% during the forecast period 2022-2027. MPI (milk protein isolates) are protein concentrates with a protein content of higher than 85%. Milk protein isolate is made up of a mixture of casein and whey proteins in a ratio comparable to that found in cow's milk. Milk protein isolate has health-promoting qualities and it is high in BCAAs, which help in the promotion of muscle development and performance. It has very good solubility and heat stability as well as it has many applications in beverage products such as Protein-enriched milk drinks, yoghurt, cheese, nutritional drink and other products. Milk Protein Isolates are estimated to register the higher CAGR over the period 2022-2027.
Infant Formula Products held the largest share in the Milk Protein Concentrate Market in 2020 and is estimated to grow at a CAGR of 6.1% during the forecast period 2022-2027. Milk Protein Concentrate is majorly used in Infant Formula Products owing to its nutritional and functional properties. It is high in protein content which is approx. 360 Kcal/100g that is very beneficial for an infant for their growth and development. Infant Formula Products are estimated to register a higher CAGR over the period 2022-2027.
Asia-Pacific dominated the Milk Protein Concentrate Market with a major share of 38.3% in 2020. This is attributed to the growing demand for high protein content products owing to health benefits in this region. Furthermore, expanding urbanization and an increase in the number of working women population lead to an increase in demand for baby feeding products, all of which contribute to the growth of the market in this region.
However, North America is estimated to grow at a higher CAGR during the forecast period 2022-2027 owing to the rising demand for dietary supplements products owing to the adaption of a healthy lifestyle and the rising disposable income of the people. According to the CRN Consumer Survey Report 2019, around 77% of Americans use dietary supplements. As people become more aware of the benefits of protein foods, the market in this region is expanding.
Increasing demand for protein rich food products is increasing the growth of the Milk Protein Concentrate Market. Milk Protein Concentrate (MPC) products are high in protein content and higher protein MPCs can be used to boost the protein content of foods and beverages by giving a clean dairy taste without introducing considerable amounts of lactose. Furthermore, as people's health consciousness grows, there is an increasing desire for natural components. As a result, the Milk Protein Concentrate Market is expected to increase over the projected period 2022-2027.
The rising consumption of milk protein concentrate food products is increasing the growth of the Milk Protein Concentrate Market. Milk Protein Concentrate (MPC) food products contain a high amount of protein and also it has excellent heat stability and delivers clean flavour and smooth mouth feel as well as high nutritional values. Thus, increasing the growth of the Milk Protein Concentrate Market during the forecast period 2022-2027.
Some of the factors that are set to impede the growth of the Milk Protein Concentrate Market are the rising trend of vegan food products and the availability of substitute products such as soy protein isolate. Fluctuation in milk prices and lack of compensation is also set to hinder the growth of the market.
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Milk Protein Concentrate Market. In 2020, the Milk Protein Concentrate Market share is consolidated by the top ten players present in the market. In the Milk Protein Concentrate Market, the top 10 companies are Glanbia plc., Idaho Milk Products, Arla Foods Ingredients Group, Darigold, Kerry Group, Amco Protein, Fonterra Co-operative Group, Lactalis Ingredients, Nutrinnovate Australia, and Friesland Campina DM.
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Report Coverage
The report: “Milk Protein Concentrate Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Milk Protein Concentrate Market.
- By Ingredient Type: Total Milk Proteins, Co-Precipitates, Milk Protein Isolates, Others.
- By Form: Liquid, Powder.
- By Content: 40%-70%, 70%-85%, 85%.
- By Application: Dietary Supplements, Dairy Products, Infant Formula Products, Sports Nutrition Products, Bakery and Confectionary, Others
- By Geography: North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and the Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa)
Key Takeaways
Asia-Pacific dominated the Milk Protein Concentrate Market in 2020 owing to the rising disposable income of the people coupled with the growing consumption of milk protein concentrate products. The Milk Protein Concentrate Market scope for different regions will be provided in the final report.
Increasing awareness about protein rich food products is likely to driving the market growth of the Milk Protein Concentrate Market report.
Detailed analysis of the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Milk Protein Concentrate Market report.
The increasing trend of veganism is poised to create the hurdles for the Milk Protein Concentrate Market.
Milk Protein Concentrate Market Segment Analysis - By Ingredient Type
Milk Protein Isolates the largest share in the Milk Protein Concentrate Market in 2020 and is estimated to grow at a CAGR of 5.9% during the forecast period 2022-2027. MPI (milk protein isolates) are protein concentrates with a protein content of higher than 85%. Milk protein isolate is made up of a mixture of casein and whey proteins in a ratio comparable to that found in cow's milk. Milk protein isolate has health-promoting qualities and it is high in BCAAs, which help in the promotion of muscle development and performance. It has very good solubility and heat stability as well as it has many applications in beverage products such as Protein-enriched milk drinks, yoghurt, cheese, nutritional drink and other products. Milk Protein Isolates are estimated to register the higher CAGR over the period 2022-2027.
Milk Protein Concentrate Market Segment Analysis - By Application
Infant Formula Products held the largest share in the Milk Protein Concentrate Market in 2020 and is estimated to grow at a CAGR of 6.1% during the forecast period 2022-2027. Milk Protein Concentrate is majorly used in Infant Formula Products owing to its nutritional and functional properties. It is high in protein content which is approx. 360 Kcal/100g that is very beneficial for an infant for their growth and development. Infant Formula Products are estimated to register a higher CAGR over the period 2022-2027.
Milk Protein Concentrate Market Segment Analysis - By Geography
Asia-Pacific dominated the Milk Protein Concentrate Market with a major share of 38.3% in 2020. This is attributed to the growing demand for high protein content products owing to health benefits in this region. Furthermore, expanding urbanization and an increase in the number of working women population lead to an increase in demand for baby feeding products, all of which contribute to the growth of the market in this region.
However, North America is estimated to grow at a higher CAGR during the forecast period 2022-2027 owing to the rising demand for dietary supplements products owing to the adaption of a healthy lifestyle and the rising disposable income of the people. According to the CRN Consumer Survey Report 2019, around 77% of Americans use dietary supplements. As people become more aware of the benefits of protein foods, the market in this region is expanding.
Milk Protein Concentrate Market Drivers
Increasing Demand for Protein Rich Products
Increasing demand for protein rich food products is increasing the growth of the Milk Protein Concentrate Market. Milk Protein Concentrate (MPC) products are high in protein content and higher protein MPCs can be used to boost the protein content of foods and beverages by giving a clean dairy taste without introducing considerable amounts of lactose. Furthermore, as people's health consciousness grows, there is an increasing desire for natural components. As a result, the Milk Protein Concentrate Market is expected to increase over the projected period 2022-2027.
Increasing Consumption of Milk Protein Concentrate Food Products
The rising consumption of milk protein concentrate food products is increasing the growth of the Milk Protein Concentrate Market. Milk Protein Concentrate (MPC) food products contain a high amount of protein and also it has excellent heat stability and delivers clean flavour and smooth mouth feel as well as high nutritional values. Thus, increasing the growth of the Milk Protein Concentrate Market during the forecast period 2022-2027.
Milk Protein Concentrate Market Challenges
Increasing Trend of Veganism
Some of the factors that are set to impede the growth of the Milk Protein Concentrate Market are the rising trend of vegan food products and the availability of substitute products such as soy protein isolate. Fluctuation in milk prices and lack of compensation is also set to hinder the growth of the market.
Milk Protein Concentrate Market Landscape
Product launches, mergers and acquisitions, joint ventures, and R&D activities are key strategies adopted by players in the Milk Protein Concentrate Market. In 2020, the Milk Protein Concentrate Market share is consolidated by the top ten players present in the market. In the Milk Protein Concentrate Market, the top 10 companies are Glanbia plc., Idaho Milk Products, Arla Foods Ingredients Group, Darigold, Kerry Group, Amco Protein, Fonterra Co-operative Group, Lactalis Ingredients, Nutrinnovate Australia, and Friesland Campina DM.
This product will be delivered within 2 business days.
Table of Contents
1. Milk Protein Concentrate Market - Overview
2. Milk Protein Concentrate Market - Executive Summary
3. Milk Protein Concentrate Market - Comparative Analysis
4. Milk Protein Concentrate Market Forces
5. Milk Protein Concentrate Market - Strategic Analysis
6. Milk Protein Concentrate Market - By Ingredient Type(Market Size -$Million/$Billion)
7. Milk Protein Concentrate Market - By Form(Market Size -$Million/$Billion)
8. Milk Protein Concentrate Market - By Content(Market Size -$Million/$Billion)
9. Milk Protein Concentrate Market - By Application(Market Size -$Million/$Billion)
10. Milk Protein Concentrate Market - By Geography(Market Size -$Million/$Billion
12. Milk Protein Concentrate Market Company Analysis
Methodology
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