Embedded Files
IMARC Group's report titled "Milk Protein Concentrate Market Report by Nature (Organic, Conventional), Form (Powder, Liquid), Concentration (Low, Medium, High), Application (Packaged Products, Nutritional Products, Infant Formula, and Others), Distribution Channel (Hypermarkets and Supermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032". The global milk protein concentrate market size reached US$ 4.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.64% during 2024-2032.
Grab a sample PDF of this report: https://www.imarcgroup.com/milk-protein-concentrate-market/requestsample
Factors Affecting the Growth of the Milk Protein Concentrate Industry:
Health and Nutritional Trends:
The rising inclination towards healthier lifestyle choices is impelling the growth of the market. Milk protein concentrate (MPA), rich in essential amino acids, is highly sought after for its nutritional benefits, including muscle repair, immune system enhancement, and overall wellness. This trend is amplified by the growing fitness-conscious population and the expanding awareness of the role of protein in a balanced diet. The incorporation of MPCs in various health-oriented food products, sports nutrition, and dietary supplements underlines their increasing popularity, driven by a global rise in health awareness and a shifting preference towards functional and fortified foods.
Innovations in Food Technology:
Advancements in food processing and technology are supporting the market growth. Innovative techniques in dairy processing are not only improving the functionality and solubility of MPCs but also enhancing their taste and texture when incorporated into food products. This is leading to their widespread use in a diverse range of sectors, including dairy, bakery, confectionery, and beverages. Manufacturers are leveraging these technological improvements to develop novel products that cater to the evolving consumer demands for convenience, taste, and high nutritional value.
Sustainability and Ethical Farming Practices:
The growing consumer emphasis on sustainability and ethical sourcing is propelling the market growth. Modern consumers are increasingly favoring products that are not only beneficial to their health but also produced in an environment friendly and ethically responsible manner. This shift compels dairy processors and MPC manufacturers to adopt sustainable farming practices, ensure animal welfare, and implement eco-friendly production methods. The need for transparency in the supply chain and the rise of certifications highlighting sustainable practices are pushing manufacturers to align their operations with these values. Consequently, companies that demonstrate a commitment to sustainability are likely to gain a competitive edge, attracting consumers who prioritize environmental and ethical considerations in their purchasing decisions.
Leading Companies Operating in the Global Milk Protein Concentrate Industry:
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)
Westland Milk Products (Yili Group)
Milk Protein Concentrate Market Report Segmentation:
By Nature:
Organic
Conventional
Based on the nature, the market has been bifurcated into organic and conventional.
By Form:
Powder
Liquid
Powder represents the largest segment due to its easy availability and hassle-free storage.
By Concentration:
Low
Medium
High
High exhibits a clear dominance in the market owing to the rising consumption of protein-rich diets among the masses.
By Application:
Packaged Products
Nutritional Products
Infant Formula
Others
Packaged products hold the biggest market share as they are easy to store.
By Distribution Channel:
Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
On the basis of the distribution channel, the market has been divided into hypermarkets and supermarkets, convenience stores, specialty stores, online stores, and others.
Regional Insights:
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
North America's dominance in the milk protein concentrate market is attributed to the rising health consciousness among the masses.
Global Milk Protein Concentrate Market Trends:
The evolving preferences for protein-rich diets and innovative food products are bolstering the market growth. The versatility of milk protein concentrates, capable of enhancing the nutritional profile and textural attributes of a wide array of products, aligns well with the innovation in food and beverage formulations. Food manufacturers are continuously experimenting with MPC to develop new formulations that cater to the demand for high-protein, low-fat, and low-lactose products. Additionally, the rising consumption of vegetarian and flexitarian diets is catalyzing the demand for plant-based and dairy-based protein alternatives, positioning MPC as a key ingredient in meeting these dietary preferences. The ability of MPCs to be tailored for specific applications allows manufacturers to innovate and expand their product offerings.
Note: 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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact US:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163
Page updated
Google Sites
Report abuse