Global Milk Protein Concentrates Market: Overview
Milk protein concentrates find massive application in infant formula production due to its high calcium contents. They are milk items possessing a high concentration of proteins. These milk protein concentrates are manufactured by slim milk processing and the process includes ultrafiltration, spray drying, and evaporation. Milk protein concentrates are available in dry and powdered forms.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Global Milk Protein Concentrates Market: Growth Factors
The beneficial & nutritive features of the products are likely to drive the market demand in the near future. Apart from this, burgeoning demand for protein-rich diet and growing intake of protein-rich diet will boost the market trends. Additionally, escalating consciousness among the parents about the nutritive advantages of infant formula, inflating working women population base, and rise in the rate of birth across the globe will promote the infant formula demand. This, in turn, will prompt the expansion of the milk protein concentrates industry in the forthcoming years. Apparently, the rise in milk yield is projected to further steer the expansion of the industry in the years to come.
Moreover, people across the globe are becoming more conscious about health & fitness due to the massive rise in the rate of obesity and malnutrition as well as weakening immunity system of the human body. This has also resulted in the people opting for a protein-rich diet like milk protein concentrate that offers nutritional benefits to the human body. All these aforementioned factors are slated to enhance the business scope over the forthcoming years. Nevertheless, instabilities related to milk costs can put brakes on the expansion of the milk protein concentrates market in the foreseeable future. Apart from this, the escalating trend of consuming plant derived protein diet like soy & wheat proteins can inhibit the business landscape in the coming decade.
Global Milk Protein Concentrates Market: Segmentation
The overall milk protein concentrates industry is segregated based on the ingredients, application, and contents. On the basis of ingredients, the market for milk protein concentrates can be sectored into total milk proteins, co-precipitates, milk protein isolates, and blends. Application-wise, the industry is classified into dairy items, nutrition items, and cheese items. Among the application segments, the dairy items segment is likely to dominate the overall industry growth during the estimated timeline. In terms of contents, the market is divided into 70%, between 70% and 85%, and 85%.
Global Milk Protein Concentrates Market: Regional Analysis
Based on regions, the overall milk protein concentrates industry can be divided into five main regions: Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. Regionally, North America is projected to contribute majorly towards the overall market share during the assessment period. The market growth in the region can be attributed to the growing health consciousness among the customers and rise in the fitness activities transforming into the need for sports & protein-rich supplements in the countries like the U.S. and Canada. Apart from this, a rise in the number of dairy cows in California in countries like the U.S. will also prompt the growth of the North American industry. Moreover, a rise in the demand for downstream applications in Europe will drive regional market growth.
Global Milk Protein Concentrates Market: Competitive Players
Few of the main players involved in the milk protein concentrates business include Sachsenmilch Leppersdorf Gmbh, Westland, Lactalis Ingredients, Friesland Campina DM, Nutrinnovate Australia, Glanbia PLC, Tatura, Darigold Ingredients, Arla Foods, Amco Protein, Idaho Milk Products, Wheyco Gmbh, Erie Foods, Havero Hoogwewt, Kerry Group, MGP Ingredients, Fonterra Co-operative Group, and Saputo Ingredients.
Global Milk Protein Concentrates Market: Regional Segment Analysis
What Reports Provides
Request the coronavirus impact analysis across industries and markets