Milk Protein Market Set To Huge Industry Demand, Impressive Growth, In- depth Analysis Of Company Profiles

Market Research Future Insights

According to MRFR analysis, the global Milk Protein market is expected to register a CAGR of ~6.90% from 2023 to 2030 and hold a value of over USD 18.8 billion by 2030.

The milk protein market refers to the global industry involved in the production, processing, and distribution of proteins derived from milk, primarily whey protein and casein protein. Milk proteins are widely used in various applications, including food and beverages, sports nutrition, infant formula, and dietary supplements, due to their nutritional value, functional properties, and health benefits. The COVID-19 pandemic had a notable impact on the milk protein market. Initially, there were disruptions in the supply chain and manufacturing operations due to lockdowns and restrictions on movement. This led to challenges in procuring raw milk, processing milk proteins, and transporting finished products. The pandemic also influenced consumer behavior and preferences, with a growing focus on health and wellness. This resulted in a surge in the demand for functional and fortified foods and beverages, including those containing milk proteins known for their high-quality amino acid profiles and muscle-building properties. Additionally, the sports nutrition and fitness industry witnessed sustained demand for milk protein-based products as consumers sought to maintain their health and fitness goals at home.

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Key Players

Some of the market key players are Royal FrieslandCampina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France) and Theo Müller Group (German) among others

Market Segmentation

The Global Milk Protein market has been segmented into type, form and application

Based on Type: Milk Protein Concentrate, Milk Protein Isolate [MPI], Milk Protein Hydrolysates, Casein; Caseinates, Whey Protein Concentrate, Whey Protein Isolate and others

Based on form: Dry and Liquid

Based on Application: Dairy Products,  Frozen Desserts, Infant Formula, Dietary Supplements, Bakery, Confectionery, Beverages, Sweet, Savory Snacks and others

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Regional Analysis

Europe is a major producer and consumer of milk protein products. Countries such as Germany, France, and the Netherlands have a well-established dairy industry. The pandemic impacted the market in Europe, leading to fluctuations in supply and demand, especially in the foodservice sector. The North American region, particularly the United States, is a significant market for milk protein-based products. The pandemic affected the dairy industry, with disruptions in milk production and processing. The Asia-Pacific region, with countries like China and India, has a growing market for milk protein products. The pandemic impacted the region’s dairy industry, primarily due to logistical challenges and reduced foodservice demand. Various countries in South America and Africa also contribute to the milk protein market. The pandemic affected these regions differently based on their local dairy industry, government measures, and consumer behavior.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details. 

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