IMARC Group's report titled “Milk Protein Concentrate Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global milk protein concentrate market size reached US$ 3.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2028, exhibiting a growth rate (CAGR) of 5.32% during 2023-2028.
Milk protein concentrate refers to concentrated dairy products that contain encapsulated bioavailable calcium. They are available in powder and liquid forms. These milk proteins concentrate variants are prepared by concentrating the protein fractions of skimmed milk through membrane separation technology. They promote weight management by lowering calorie intake and the desire to consume sugary foods. Milk protein concentrate products have low-lactose and high-protein consistency and are used as a key ingredient in preparing numerous protein-fortified drinks, energy bars, snacks, desserts, low-carbohydrate foods, and packaged dairy products, including yogurt, paneer, cheese slices, etc. Consequently, they find extensive applications across several sectors, such as food and beverage and dairy across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/milk-protein-concentrate-market/requestsample
Milk Protein Concentrate Market Trends and Drivers:
The expanding prevalence of diabetes, obesity, and other lifestyle diseases and the increasing awareness among the masses about the advantages of consuming a balanced diet are primarily driving the milk protein concentrate market. Moreover, the elevating need for infant formula, on account of its nutritional benefits that aid in the proper development of infants by adequately fulfilling the required dietary needs, is acting as another significant growth-inducing factor. Besides this, the growing active participation of individuals in various sports activities and fitness programs and the inflating demand for protein supplements are also positively influencing the global market. In addition to this, the rising expenditure of leading market players on research and development (R&D) activities to launch new products with improved flavor and aroma and the escalating milk production across countries are expected to propel the milk protein concentrate market over the forecasted period.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Nature:
- Organic
- Conventional
Breakup by Form:
- Powder
- Liquid
Breakup by Concentration:
- Low
- Medium
- High
Breakup by Application:
- Packaged Products
- Nutritional Products
- Infant Formula
- Others
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AMCO Proteins
- Cabot Creamery Co-operative (Agri-Mark Inc.)
- Erie Foods International Inc.
- Fonterra Co-operative Group Limited
- Glanbia PLC
- Grassland Dairy Products Inc.
- Idaho Milk Products
- Kerry Group plc
- Royal FrieslandCampina N.V.
- Saputo Inc.
- TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited) and Westland Milk Products (Yili Group)
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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