Global Milk Protein Market by Form (Liquid and Dry), By Application (Dairy Products, Sports Nutrition, Infant Formula, Personal Care and Cosmetics, and Others) and by Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Milk Protein Market Overview:

The global milk protein market is projected to be USD 10,644.8 Mn in 2021 to reach USD 15,384.7 Mn by 2032.

Milk proteins are obtained from filtered milk and are primarily derived from whey and casein proteins. The formulation of milk proteins is done in such a way that it preserves the proteins in pure form and closest to their natural state. Milk proteins are predominantly extracted from casein and whey protein which are the primary ingredients of milk. The extracted milk proteins are an excellent source of calcium, low in fat, and high in branch chain amino acids.

Moreover, carbohydrates and fat are removed during the purification process, and milk protein concentrate is formed. Milk protein isolates and milk protein concentrates are high-quality proteins found in milk. In addition, milk proteins aid in maintaining cholesterol levels, provide anti-cancer properties, and several nutritional benefits. Besides, these are also helpful in reducing the risk of cardiovascular diseases, lowering the risk of asthma, and maintaining blood pressure levels.

In recent times, consumers have become more cognizant about their lifestyle, diet, and nutrition, this has forced them to consume healthier food products. The current trend is that majority of the world population has a lower preference for meat-derived proteins, due to the increased risk of diseases and other side effects.

It has been witnessed that milk proteins are effective in reducing the negative effects of chemotherapy, during cancer treatment. A rise in demand for on-the-go sports nutrition products, owing to an increase in fitness and health trend amongst the youth is expected to boost demand for the milk protein market in the coming years

Global Milk Protein Market Revenue (USD Mn), 2021–2031:

The increasing popularity and consumption of dairy products across the globe are one of the major factors anticipated to drive the growth of the global milk protein market. Growing consumer preference, particularly of youngsters towards sports nutrition products is also aiding demand for milk proteins significantly.

In addition, the rising preference for healthy and organic food products among end-users is the key factor propelling demand for the global milk protein market. Moreover, the increasing eminence of ready-to-drink products is expected to support the growth of the milk protein market over the forecast period.

Although North America and Europe are mature markets, there is comparatively lower penetration of dietary and nutrition products in emerging economies in Asia-Pacific, the Middle East & Africa, and South America market. Manufacturers focusing on increasing presence in these untapped markets are likely to gain a higher market share, which is also likely to further fuel the growth of the global milk protein market.

Global Milk Protein Market Attractiveness Analysis by Form, 2015–2031:

The research report on the global milk protein market includes:

• Arla Foods amba
• Amco Protein
• Groupe Lactalis S.A.
• Fonterra Co-operative Group Limited
• Saputo Inc.
• Koninklijke FrieslandCampina N.V.
• Glanbia PLC
• Hoogwegt Groep B.V.
• Kerry Group plc
• Sachsenmilch Leppersdorf GmbH
• Others.

Segmentation of Global Milk Protein Market by form, application, and region:

Form

• Liquid
• Dry

Application

• Dairy Products
• Sports Nutrition
• Infant Formula
• Personal Care and Cosmetics
• Others

For the Milk Protein Market research study, the following years have been considered to estimate the market size: