Milk Protein Market Scope Report

Global Milk Protein Market Highlights Over 2023 - 2033

The global milk protein market is estimated to garner a revenue of USD 19 billion by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 11 million in the year 2022. The growth of the market can be attributed to the rising adoption of healthy lifestyles. Approximately 70-80% of people globally adopted a healthy lifestyle amidst the outbreak of the COVID-19 pandemic.

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Milk protein is a type of protein that contains all the amino acids required by the human body. Milk protein is obtained from 80% casein and about 20% whey protein. Moreover, milk protein is linked to antihypertensive qualities, anticarcinogenic activity, immune system regulation, and other metabolic activities. Furthermore, by boosting lean body mass and lowering obesity, dairy protein may also indirectly benefit metabolic health.

Global Milk Protein Market: Growth Drivers and Challenges

Growth Drivers

• Rising Demand for Infant Formula - According to estimates, by the third month of life, more than half of infants born in 2018 had formula in their diets, either exclusively or as a supplement.

• Growing Adoption of Powdered Milk Protein- Furthermore, milk powders include considerable amounts of necessary amino acids as well as additional ones that kids need.

• Increasing Awareness of A2 Protein from Buffalo Milk- For instance, consumption of A2 protein is easier to digest as compared to A1 protein.

• The surge in the Use of Protein Supplements- Approximately USD 4 billion in sales were reported of protein powder in the sports nutrition market as compared to sports beverages.

• Rising Attention towards a Balanced and Healthy Diet- Furthermore, following a healthy and balanced diet helps in preventing a wide range of diseases and malnutrition.

Challenges

• The surge in Vegan Population
• Varying Prices of Milk Protein
• Increasing Adoption of Plant Proteins

The global milk protein market is segmented and analyzed for demand and supply by application into food & beverages, nutraceuticals & dietary supplements, pharmaceuticals, cosmetics & personal Care, infant formula, pet care industry, and others. Out of these, the infant formula segment is expected to hold the largest share over the forecast period in the global milk protein market. This can be attributed to the increase in concern for newborn health. As per the World Health Organization, the world has made substantial progress in child survival since 1990. Globally, the number of neonatal deaths declined from 5 million in 1990 to 2.4 million in 2020.

Global Milk Protein Market Regional Synopsis

Regionally, the global milk protein market is studied into five major regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033. This can be attributed to the rise in the consumption of foods high in protein. Furthermore, a preference for processed foods and foods high in protein, such as more meat and dairy products, has also emerged among the locals in this area.

Market Segmentation

Our in-depth analysis of the global milk protein market includes the following segments:

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Key Companies Dominating the Global Milk Protein Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global milk protein market that are included in our report are Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Arla Foods amba, AMCO Proteins, Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group, Groupe Lactalis, Theo Müller Group, and others.

Global Milk Protein Market: Latest Developments

• May 2022: Arla Foods amba introduced a new production facility at the German dairy Pronsfeld. The development is Arla's largest dairy investment to date and a crucial component of meeting the expanding global demand for inexpensive, wholesome, and sustainable dairy products. 

• March 2022: Glanbia plc, announced that it has finished selling its 40% stake in Glanbia Ireland DAC to Glanbia Cooperative Society Limited. 

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessments for overall growth.

• We provide customized reports as per the client's requirements helping them to see possible and unexpected challenges and unforeseen opportunities to help them reach their goals.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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