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 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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Growing healthcare consciousness
Rising demand for nutritional based milk products.
Availability of alternate milk and milk products
Emerging market in developing countries
Growing consumption of milk and milk products
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
Regulatory bodies, policy actors, and consumers.
Whey Protein Concentrates
Whey Protein Isolates
Casein & Caseinates
Milk Protein Concentrates
Milk Protein Isolates
Milk Protein Hydrolysates
Other Milk Protein
Key Market Players
- 1. Lactalis Ingredients (France)
- 2. Frieslandcampina (Netherlands)
- 3. Saputo Ingredients (Canada)
- 4. Kerry Group (Ireland)
- 5. Sachsenmilch Leppersdorf GmbH (Germany)
- 6. Arla Foods (Denmark)
- 7. Amco Protein (U.S.)
- 8. Havero Hoogwewt (Netherlands)
- 9. Glanbia PLC (Ireland)
- 10. Fonterra Co-Operative Group (New Zealand)
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