Food & Beverage Market Research News

Explore milk protein market forecast to 2023

Food & Beverage Market Research

Milk Protein Market By Type (Whey Protein Concentrates, Whey Protein Isolates, Casein & Caseinates, Milk Protein Concentrates) By Application (Infant Formula, Sports Nutrition, Dairy Products) By Form (Dry Form, Liquid Form).

Global Milk Protein Market Make an Inquiry about this news was valued at USD 9.90 Billion in the year 2017. Global Milk Protein market is further expected to grow at a CAGR of 5.88% from 2018 and to reach USD 13.95 Billion by the year 2023.

European region holds the largest market share in 2017 whereas North America is forecasted as the highest growing market in the coming years. At a country level developing markets like China, India, Australia, and New Zealand holds the notable market share in 2017 and it is further anticipated to grow at a steady pace in the next 5 years.

The growth is mainly due to wide applications and growing opportunity in emerging markets.

Kerry Group (Ireland), Lactalis Ingredients (France), Sachsenmilch Leppersdorf GmbH (Germany), Saputo Ingredients (Canada), Arla Foods (Denmark) and Amco Protein (U.S.) are some of the key players in the milk protein market.

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Drivers

            Growing healthcare consciousness

            Rising demand for nutritional based milk products.

Restraints

            Availability of alternate milk and milk products

Opportunity

            Emerging market in developing countries

            Growing consumption of milk and milk products

Challenges

            Cost of raw material

            The inadequacy of awareness related to benefits of milk protein.

The milk protein market at the global level is segmented as by type, by form, by livestock, by application, and by region. Based on types Whey Protein Concentrates holds the highest market share with the high growth rate in coming years.

The growth is mainly due to wide usage and increasing consumption of nutritional products. By form, the milk protein is further segmented into dry Form and liquid Form.

On the other hand, Based on application infant formula segment among Sports Nutrition and Dairy Products is estimated to be the largest market share in 2017 and is expected to grow at highest CAGR in coming years. The growth is mainly due to high protein content for infant nutrition and growing concern for newborn health.

On the basis of livestock, cow milk segment holds the highest market share among buffalo, goat, and others. Increasing cattle farming in both developing and developed countries, increasing large-scale production and consumption contributes to the growing cow milk market.

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Key Benefits for Stakeholders

Milk Protein Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End-use industries

Regulatory bodies, policy actors, and consumers.

By Type                                                           

Whey Protein Concentrates

Whey Protein Isolates

Casein & Caseinates

Milk Protein Concentrates

Milk Protein Isolates

Milk Protein Hydrolysates

Other Milk Protein

By Application                                                

Infant Formula                                      

Sports Nutrition

Dairy Products

By Form

Dry Form

Liquid Form

By Livestock

Cow

Buffalo

Goat

Others

By Region

North America

Europe

Asia-Pacific

ROW

Key Market Players

  1. 1. Lactalis Ingredients (France)   
  2. 2. Frieslandcampina (Netherlands)                                              
  3. 3. Saputo Ingredients (Canada)              
  4. 4. Kerry Group (Ireland)            
  5. 5. Sachsenmilch Leppersdorf GmbH (Germany)               
  6. 6. Arla Foods (Denmark)
  7. 7. Amco Protein (U.S.)
  8. 8. Havero Hoogwewt (Netherlands)         
  9. 9. Glanbia PLC (Ireland)
  10. 10. Fonterra Co-Operative Group (New Zealand)

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News From

Genesis Market InsightsGenesis Market Insights
Category: Market Research Publishers and RetailersCompany about: Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across the globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in-house data validation tools, ...
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