Milk Mineral Concentrate Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Milk Mineral Concentrate Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Milk Mineral Concentrate Market

The milk mineral concentrate market size was valued at USD 103.0 billion in 2021, and the market is now projected to grow from USD 105.6 billion in 2022 to USD 145.1 billion by 2029, exhibiting a CAGR of 4.6% during the forecast period of 2022-2029.

Pandemic has definitely impacted the milk mineral concentrate market growth, with elevated call for dairy merchandise and disruptions in supply chains and logistics. This has led to higher raw material expenses and decreased income extent of products with higher ASP, generating higher sales. Market players skilled increase in sales in 2020, indicating an effective global marketplace impact. The multiplied ASP of merchandise undoubtedly impacted revenues for foremost players, and the growing number of launches and approvals through key players contributed to the increase of the marketplace in 2021. The usual impact of the pandemic on the worldwide marketplace remains nice.

Milk mineral concentrates are used within the production of baked goods, liquids, and nutritional merchandise to cope with the worldwide calcium deficiency. The marketplace boom is pushed by market players' efforts to develop new products and meet population needs. In October 2021, Arla Foods Ingredients Group P/S opened an Innovation Center to broaden specialized dairy elements for youngsters, athletes, and other purchasers. The developing cognizance on improving calcium intake in toddlers due to its benefits, which include increase, bodily hobby, and immunity against infections, is driving call for toddler method in both advanced and emerging regions. The market increase is predicted to be augmented by means of marketplace players' studies and improvement activities inside the meals, beverages, and vitamins sectors.

The growing fitness recognition and nutrient deficiency disorders the various populace are driving the global adoption of fortified dietary supplements and ingredients. A 2021 survey with the aid of the U.S. Department of Agriculture's Supplemental Nutrition Assistance Program (SNAP) found out that -thirds of Americans prioritize consuming fortified ingredients because of the prevalence of deficiency issues. Governments are also enforcing pointers to improve the satisfactory of merchandise synthetic by market players, leading to multiplied studies and activities in growing merchandise for intestine health and immunity. This shift towards extra nutritious food merchandise is predicted to drive demand for milk mineral listen manufacturing for calcium fortification in meals products and beverages.

Comprehensive Analysis of Milk Mineral Concentrate Market

The milk mineral concentrate market is classified into much less than 20%, 20% to 25%, and 26% to 30% based totally on calcium content material. The 20% to 25% segment is ruled by way of people with mineral deficiencies and growing focus of remedy alternatives. Glanbia PLC. And Arla Foods Ingredients Group P/S are focusing on growing essential mineral content material to satisfy demand. The 26% to 30% segment boom is driven by way of the call for fortified meals products, little one formula, and nutritional beverages. The market is divided into well-known powder and micronized powder, with the micronized powder phase maintaining the most share in 2021. The infant system phase is expected to check in a massive CAGR because of increasing recognition of mineral deficiencies among toddlers and youngsters in emerging international locations and medical trials for little one formulation with nutritious molecules. The demand for sports activities nutrients ingredients and drinks and dietary supplements is driven through increasing consistent with capita healthcare expenditure and developing recognition of wholesome existence and nutrient intake.

The Asia Pacific region lead the milk mineral concentrate market share by benefitting a market size of USD 49.6 billion in 2021 due to the growing incidence of calcium deficiency issues, especially in babies and the geriatric population. China's aged populace is predicted to upward thrust from 15.5% in 2018 to 31.2% through 2050, and the style of human beings with osteoporosis is expected to rise from 60 million in 2018 to over a hundred and twenty million with the aid of the usage of 2050. Government projects to establish and update policies for fortified meals products, such as little one formula, are also expected to power the market.

The milk mineral listen marketplace is ruled by means of predominant players like Glanbia PLC., FrieslandCampina DOMO, and ARMOR PROTÉINES, with different players keeping the majority. The marketplace is developing because of the increasing demand for dietary meals and beverages due to the superiority of mineral deficiency disorders. Key players are increasing their product portfolio and geographical presence to make a contribution to market boom. Key corporations consist of Glanbia PLC, Arla Foods Ingredients Group P/S, Sachsenmilch Leppersdorf GmbH, Fonterra Co-Operative Group Limited, and MILEI GmbH.

Sachsenmilch Leppersdorf GmbH entered into an settlement with FrieslandCampina DOMO to take

over 5 brands of dairy product range and three production centers.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD million)

Segmentation

By Calcium Content, Granularity, Application, and Region

By Calcium Content

Less than 20%

20% to 25%

26% to 30%

By Granularity

Standard Powder (>10 microns)

Micronized Powder (<10 microns)

By Application

Infant Formula

Functional Food

Beverages

Sports Nutrition

Dietary Supplements

Others

By Geography

North America

Europe

Asia Pacific

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