The global Milk Protein market is projected to reach USD 17 billion by 2030, growing at a CAGR of 5%
.jpg
"The Global Milk Protein Market 2020-2030 (USD Billion)")
The global demand for milk protein is projected to increase substantially in the forthcoming years owing to rising consumer preferences for protein-based consumption patterns. Thus, the global milk protein market value is expected to reach close to USD 18.02 billion by 2028 with an annual growth rate of 6.7% from 2018 to 2028.
Other factors attributed to the systematic growth spurt in the global milk protein market are growing preferences for animal dairy foods that provide high quality protein and other essential nutrient components for optimal growth and development. Moreover, the global milk protein market is also experiencing favorable growth transition owing to advancing reliance on infant milk formulas. Growing preferences by young parents for fortified foods for their infants has reflected large scale adoption of infant-based milk formulas, thus stoking growth in the global milk protein market.
Cost involvement is a serious concern and is anticipated to downturn steady growth trajectory in the coming years. Also, meeting the growing demand of whey protein will require increase in livestock production which leads to significant environmental impact, high consumption of water, and energy. It also leads to green-house gas emissions, water pollution, and other associated challenges which are likely to hamper the global milk protein market growth. Consumption of milk protein has seen a significant dip in recent years as vegan diet is becoming mainstream across regions.
However, leading market participants in the global milk protein market are also investing towards new technological solutions to reverse environmental impact. Additionally, need for high protein diet is expected to catapult new growth opportunities in the coming years as milk protein is widely preferred over meat-based protein by several demographics across the globe.
The various forms in which milk proteins are available include hydrolysates, concentrates, and isolates. The milk protein is considered as high quality or complete protein as it contains essential amino acids. The casein and whey protein can be classed under important milk proteins. Casein and whey proteins are used as food additive. Milk proteins also improve nutritional content of food products that do not naturally contain protein. The global milk protein market is progressive with many new products introduced in the market containing whey protein and casein. Several biotechnology companies are creating milk protein-based food products, with their earliest commercial launch by the end of 2021 or early 2022.
The global milk protein market is rapidly evolving with new companies launching every year and existing companies upgrading and launching new products to strengthen their market position. The key producers of whey protein and casein and manufacturers of milk protein-based product are Saputo, Glanbia, Arla Foods, Kerry, Frieslandcampina, Havero Hoogwewt, Fonterra, Sachsenmilch Leppersdorf, Lactalis, and Amco Protein among others.
Milk Protein Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 17 billion |
| Growth Rate | CAGR of 5 % during 2020-2030 |
| Segment Covered | Component, Solution, Deployment Model, Enterprise Size, Industry Vertical, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Saputo, Glanbia, Arla Foods, Kerry, Frieslandcampina, Havero Hoogwewt, Fonterra, Sachsenmilch Leppersdorf, Lactalis, and Amco Protein among others. |
Key Segments of the Global Milk Protein Market
Type Overview, (USD Billion)
- Milk protein concentrate
- Casein
- Whey protein concentrate
- Others
Application Overview, (USD Billion)
- Dairy products
- Infant formula
- Dietary supplements
- Others
Regional Overview, (USD Billion)
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
South America
- Brazil
- Mexico
- Rest of South America
Middle East and Africa
Reasons for the study
- To review the global milk protein market by assessing the global demand for key milk proteins, whey protein and casein.
- To examine each category of the market including its definition, trade status, key applications, and current and future trends.
- To give a thorough understanding of global milk protein market, how demand in particular markets is affecting the supply chain situation, and the current segment marketplace.
What Does the Report Include?
- A market landscape study and market analysis of milk proteins.
- The in-depth analysis of key manufacturers in the global milk protein market.
- Insights on select product attributes and their market state in different countries and regions.
- Detailed learning of the global milk protein market, geographies, scalability, and priority market segments.
- The market size estimates for particular segments.
- Opportunities and challenges for commercialization of milk protein products.
- Articulation of the value proposition of milk proteins compared to other source proteins.
- Highlights on the prominent industry benefits and limitations affecting the investment probabilities in the global milk protein market.
- Additional perspectives from manufacturers on the potential opportunities and challenges in the global milk protein market.
Who Should Buy This Report?
- Companies and manufacturers primarily looking to sell their milk protein products in major markets and to major food companies.
- Companies planning to initially prioritize product launches in different local and global markets
- Producers and stakeholders that are prioritizing geographic markets and market segments
Frequently Asked Questions (FAQ) :
The base year for the report is 2023 in milk protein market.
The market value of milk protein market in 2030 was USD 17 billion
The Global milk protein market is Segmented on the Application , Type, Regions
Increase in world population, improvements in economic conditions, health awareness, and rising research & development initiatives, and current industry trends will continue to drive the demand for whey protein and dairy product in future, thus sustaining flourishing growth projections for the global milk protein market.
Diary products including milk protein concentrate and milk protein are increasingly being recognized to have high nutritional qualities than the other protein sources. This is concluded as the major growth propellant in the global milk protein market.
The milk proteins with different protein concentrations, functionality, and flavour facilitate the needs of dairy consumption. Moreover, milk protein holds promise for significant transformative impact on health. The booming market, recent demand for milk protein concentrates, and dairy products are making them a compelling area for investments. Thus, increasing number of small and medium manufacturers are investing in the market owing to the huge returns on investment and influencing industry trends.
Type Segment
Depending on type, the market is classified into key segments namely milk protein concentrate, casein, whey protein concentrate, and others. The casein and whey protein being the two important and highly beneficial proteins for infants, sports enthusiast, and other consumers have gathered the highest market share in the global milk protein market.
Application Segment
Dietary supplements, diary products, and infant milk formulas are clubbed as the major segments in the global milk protein market based on segmentation. The dietary supplements and infant segment accounted for the maximum market share and are expected to dominate the market in forecast years. The animal dairy product and milk protein provides high quality protein and other essential nutrient components for optimal growth and development of infant and the athletes.
North America witnessed the largest market share in the global milk protein market owing to strong and growing consumer interest in protein. Moreover, growing focus on active lifestyles and exercise the key factors influencing the growth of milk protein market in North America. The use of milk protein and dairy product is also increasing in APAC resulting into positive market growth.