Milk Protein Market is currently valued at USD 19.26 Billion in 2018 and is expected to reach USD 27.52 Billion by 2023

Milk Protein Market Overview

Milk Protein is a type of protein that is derived from filtered milk and is formed from whey and casein proteins. The Milk Protein yielded is an excellent source of calcium, high in branch chain amino acids and low in fat. Milk protein concentrate is any type of concentrated milk product that contains 40–90% milk protein. The casein family of protein consists of several types of caseins and each has its own amino acid composition, genetic variations, and functional properties.

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The demand for milk protein in particular has increased dramatically due to the rising population, urbanization and increasing demand for dairy products in food consumption is expected to increase. Increased disposable income is another driving factor in developing countries responsible for the dairy protein market growth. The growing popularity of dairy protein for the management of obesity and other weight-related problems is a key factor driving the evolution of the milk protein products market in recent years. The consumption of whole dairy is significant and diversion of raw material for the manufacture of protein is not possible. At the same time, the lactose intolerance ratio is comparatively quite high in developing countries. Hence, such factors restrain the growth of the dairy protein market.

Milk Protein Market Forecast Report (2018-2023)

Global Milk Protein market size was around USD 11.09 billion in 2018. It is expected to grow at a CAGR of 6.5% to reach USD 15.19 billion by 2023.

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Milk Protein Market Segmentation

The global milk protein market can be categorized on the basis of type, form, livestock and application. On the basis of type, it is segmented into MPC, MPI, MPH, casein and caseinates, WPC and WPI. On the basis of livestock, it is segmented into clinical cow, buffalo and goat. On the basis of form, it is segmented into dry and liquid. On the basis of application, it is segmented into sports nutrition, infant formula and dairy products.

By geography, the global Milk Protein has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share followed by Europe.

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Major Players:

The major companies dominating this market for its products and services are

Lactalis Ingredients
Fonterra Co-operative Group
FrieslandCampina
Arla Foods
Saputo Ingredients
Glanbia PLC
Kerry Group plc
Havero Hoogwewt Group
Sachsenmilch Leppersdorf GmbH
AMCO Protein
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This release was published on openPR.