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Report Overview
The global milk protein concentrate market is aided by the global milk market, which is likely to grow at a CAGR of 2.5% in the forecast period of 2024-2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- In 2022, around 930 million tonnes of milk were produced across the world, which offered ample opportunities for milk protein concentrates (MPC).
- India is the largest producer of milk in the world, offering a positive market for the MPC market players.
- Milk protein concentrates are high in protein and low in lactose, which makes them suitable for use in protein-fortified foods and beverages.
Rising Demand for Protein Bolstering the Market Growth
The rising demand for protein is aided by the rising demand from the consumers, especially the sports enthusiasts. The growing population of lactose intolerant consumers has been boosting the growth of the industry and is likely to continue driving the market growth in the coming years as well. The growth in the health-conscious population all over the world is contributing to an increase in the adoption of healthier lifestyles. As a result, the purchasing of sports nutritional goods, protein-rich foods and beverages including dietary supplements and ready-to-eat foods is propelled further. The increase in the intake of these food items would increase the demand for these concentrates as these are used in the preparation of dietary supplements and sports supplement products.
Milk Protein Concentrate Market Report Snapshots
Milk Protein Concentrate Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global milk protein concentrate market is aided by the global milk market, which is likely to grow at a CAGR of 2.5% in the forecast period of 2024-2032.
The major industry drivers are rising health awareness, growing population, and the rising demand from the application sectors, especially the sports enthusiasts.
The key trends in the market are growing population of lactose intolerant consumers and purchasing of sports nutritional goods, protein-rich foods and beverages including dietary supplements and ready-to-eat foods.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.
Based on nature, the industry can be divided into powder and liquid.
MPC 40-55 is the dominant type in the industry.
The production methods include co-precipitation and ultra-filtration, among others.
The application sectors include dietary supplements, dairy products, infant formula, emulsifier, sports nutrition, and bakery and confectionary, among others.
The distribution channels can be divided into hypermarket and supermarket, convenience store, special store, and online, among others.
The major players in the industry are Fonterra Co-Operative Group Limited, Sachsenmilch Leppersdorf GmbH, LACTALIS Group, Glanbia PLC, and Kerry Group, among others.
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