Milk Protein Market Size, Analysis By Growth Rate, Opportunities and Forecast Assessment, 2021-2030

The global fast-moving consumer goods (FMCG) market has been witnessing abrupt changes in consumer choices. The demand for a diverse variety and new arrivals of products has been increasing regular basis. Be it food and beverage, personal care, home care, or healthcare, the demand of varied products from the consumers are creating significant growth opportunities for the market players.

The Global Milk Protein Market has seen the continued growth over the last few years and is projected to grow by USD 5,039.9 Million from the year 2018 to 2025 at a CAGR of 6.1%.

Global Milk Protein Market: Information by Type (Milk Protein Concentrate [MPC], Milk Protein Isolate [MPI], Milk Protein Hydrolysates [MPH], Casein & Caseinates, Whey Protein Concentrate [WPC], Whey Protein Isolate [WPI] and others), Form (Dry and Liquid), Application (Dairy Products & Frozen Desserts [Cheese, Yogurt, Ice Cream and others], Infant Formula, Dietary Supplements, Bakery & Confectionery, Beverages, Sweet & Savory Snacks and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) – Forecast till 2025

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A release on June 8th, 2021, by the Bureau and Economic Analysis and U.S. Census Bureau reports the recovering of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.In April 2021, exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time. The market is clearly trying to recover. Despite this, it means there will be a direct impact on the Healthcare/ICT/Chemical industries, resulting in a large market for Milk Protein.

Market Analysis

The Global Milk Protein Market has seen the continued growth over the last few years and is projected to grow by USD 5,039.9 Million from the year 2018 to 2025 at a CAGR of 6.1%. The proteins insulated from milk, in the form of isolates, concentrates, or hydrolysates, are referred to as milk proteins. The growth of the global milk protein market can be ascribed to the increasing health consciousness among the global populace. Moreover, surging demand for nutrition-rich products is improving the sales of milk protein as an ingredient in various application industries. However, the rising adoption of veganism and high incidences of lactose intolerance are hampering the growth of the market. Additionally, fluctuations in raw material prices are a major challenge faced by the market players. Expanding application scope and development in developing economies are anticipated to offer vendors profitable growth opportunities.

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The adoption of veganism is growing across the world, especially in the US and the UK. According to the Food Revolution Network, the number of vegans in US increased by approximately 600% between 2014 and 2017. Similarly, the number of vegans in the UK increased by approximately 350% from 2014 to 2017. Milk protein is an animal-based product; therefore, vegans refrain from consuming it. Thus, the demand for plant-based protein is likely to increase at an exponential rate as compared to milk protein during the review period, thereby, restraining the growth of the market. The adoption of healthy lifestyles is rapidly rising among consumers.

Furthermore, consumer awareness regarding the nutritional content of milk protein is improving with the increasing availability of milk protein-based products. Protein is necessary for the development of the body, especially for body maintenance and repair and replacement of worn-out or damaged tissues. According to the Food and Agriculture Organization (FAO), the safe amount of protein consumption by an adult of either gender of all ages or body weight is 0.75 grams per kilogram per day. The demand for milk protein has improved owing to the upsurge in the consumption of protein-rich products by the health-conscious population. Hence, vendors of milk protein can endorse their products using various health claims, which, in turn, is driving the growth of the market.

Additionally, growth in the number of people with poor metabolic health in numerous developed and developing nations, such as the US and China, is a key factor improving the demand for milk protein in various dietary supplements. The global milk protein market has been segmented on different basis. Based on type, the market has been divided into the milk protein concentrate (MPC), milk protein isolate (MPI), milk protein hydrolysates (MPH), casein & caseinates, whey protein concentrate (WPC), whey protein isolate (WPI), and others. The whey protein concentrate (WPC) segment dominated the market with a share of nearly 29% in 2018. Based on form the global market has been divided into dry and liquid.

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The dry segment as take over the market in the year 2018. Though, the liquid segment is anticipated to register a higher CAGR during the forecast period. Based on application, the market has been split into dairy products & frozen desserts, infant formula, dietary supplements, bakery & confectionery, beverages, sweet & savory snacks, and others. The dairy products & frozen desserts segment has been subdivided into cheese, yogurt, ice cream, and others. The infant formula segment is expected to register the highest CAGR of 6.6% during the forecast period of 2019 to 2025.

Market Segmentation
Global Milk Protein Market has been segmented by type, by form, by application and by region. By Type the market has been segmented into Milk Protein Concentrate (MPC), Milk Protein Isolate (MPI), Milk Protein Hydrolysates (MPH), Casein & Caseinates, Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI) and Others. By Form the Global Milk Protein Market has been segmented into Dry and Liquid. Based on application the Global Milk Protein Market has been segmented into Dairy Products & Frozen Desserts (sub-segmented into Cheese, Yogurt, Ice Cream and Others), Infant Formula, Dietary Supplements, Bakery & Confectionery, Beverages, Sweet & Savoury Snacks and Others. Geographically, the Global Milk Protein Market has been segmented into different regions like North America (US, Canada and Mexico), Europe (Germany, UK, France, Spain, Italy and Rest of Europe), Asia-Pacific (China, India, Japan, Australia & New Zealand and Rest of Asia-Pacific) and Rest of the World (Africa, Middle East and South America).

Regional Analysis
The global milk protein market has been segmented into different regions like North America, Europe, Asia-Pacific, and the rest of the world. Europe dominated the global milk protein market in 2018. The regional market is expected to grow by USD 1,675.1 million from the year 2018 to 2025. Germany is projected to be a substantial country-level market, supporting to the growth of the European milk protein market. The market in Asia-Pacific is projected to register the highest CAGR during the forecast period owing to the growing health awareness among the consumers in the region.

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Major Players
The proposed spectators in the Global Milk Protein Market are huge corporates, SMEs, distributors and wholesalers, Investors and trade experts, Governments, associations and industrial bodies, etc. The major companies functioning in the Global Milk Protein Market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global Milk Protein Market are Milk protein manufacturers/dealers, Food & beverages manufacturers, Research institutes and organizations and Traders, importers, and exporters. Royal FrieslandCampina N.V. (Netherlands), AMCO Proteins (US), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), and Theo Muller Group (Germany), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), Saputo Inc. (Canada) are some of the major players in the Global Milk Protein Market.

Trends like development of new supermarkets and hypermarkets are forecast to create favorable opportunities. Moreover, rising disposable income and growing demand for advanced one-stop solutions would further expand the industrial growth in the coming years.

The value of FMCG sector is forecast to reach US$ 18.5 billion by the end of the year 2028, and is anticipated to grow at a CAGR of 4.9% in the forecast period. Of all the regions, North America is dominating the entire FMCG sector and is forecast to hold the largest market share during the study period. North America FMCG sector is growing significantly owing to change in lifestyles, growing number of supermarkets, and rising urban population. Moreover, the Asia-Pacific is forecast to record the CAGR of 7.8%, because of changing lifestyles, increasing urbanization, and rising employment rate. Apart from that, increasing focus of companies and organizations towards R&D and new product launches would further boost the popularity of FMCG domain and escalate the regional growth of the market.

Table of Content:

• Market Definition and Overview
• Research Method and Logic
• Market Competition Analysis
• Product and Service Analysis
• Strategies for Company to Deal with the Impact of COVID-19
• Market Segment by Type, Historical Data and Market Forecasts
• Market Segment by Application, Historical Data and Market Forecasts
• Market by by Region, Historical Data and Market Forecasts
• Market Dynamic Analysis and Development Suggestions

What is the key information extracted from the report?

• Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
• The report offers the present scenario and future growth prospects Market in various geographical regions.
• The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

• The SWOT analysis is conducted along with Porter’s Five Force analysis.
• The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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