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.
Milk protein concentrate (MPC) is a concentrated dairy product that contains encapsulated bioavailable calcium. It also contains casein, caseinates, and whey protein concentrates and isolates in the same milk ratio. It is prepared by treating skimmed milk and concentrating the protein fractions through membrane separation technology. It promotes weight management by reducing calorie intake and the desire to consume sugary foods. It is used as a key ingredient in preparing various protein-fortified drinks, snacks, energy bars, desserts, and low-carbohydrate foods due to its low-lactose and high-protein consistency. Besides this, MPC finds extensive applications in formulating protein supplements, infant nutrition, and packaged dairy products, such as lassi, dahi, paneer, and cheese slices.
Milk Protein Concentrate Market Trends:
The increasing prevalence of obesity, diabetes, and other lifestyle diseases is catalyzing the demand for nutritional food products across the globe. In addition, rising awareness among the masses about the benefits of leading a healthy lifestyle and consuming a balanced diet is increasing the overall sales of MPC. The increasing awareness among parents about the nutritional benefits of infant formula is driving the demand for MPC across the globe. These concentrates are used in baby foods for the proper development of infants by fulfilling the required dietary needs. Apart from this, the active participation of individuals in sports activities and fitness programs is increasing the requirement for protein supplements, which, in turn, is strengthening the market growth. Furthermore, a significant rise in milk production is increasing the supply of MPC and offering lucrative growth opportunities for manufacturers. Additionally, rising investments by leading market players in research and development (R&D) activities to launch more product variants with enhanced aroma and flavor of dairy protein ingredients are anticipated to propel the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global milk protein concentrate market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on nature, form, concentration, application and distribution channel.
Breakup by Nature:
Organic
Conventional
Breakup by Form:
Powder
Liquid
Breakup by Concentration:
Low
Medium
High
Breakup by Application:
Packaged Products
Nutritional Products
Infant Formula
Others
Breakup by Distribution Channel:
Hypermarkets and Supermarkets
Convenience Stores
Specialty Stores
Online Stores
Others
Breakup by Region:
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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) and Westland Milk Products (Yili Group).
Key Questions Answered in This Report
1. What was the size of the global milk protein concentrate market in 2023?
2. What is the expected growth rate of the global milk protein concentrate market during 2024-2032?
3. What are the key factors driving the global milk protein concentrate market?
4. What has been the impact of COVID-19 on the global milk protein concentrate market?
5. What is the breakup of the global milk protein concentrate market based on the form?
6. What is the breakup of the global milk protein concentrate market based on the concentration?
7. What is the breakup of the global milk protein concentrate market based on application?
8. What are the key regions in the global milk protein concentrate market?
9. Who are the key players/companies in the global milk protein concentrate market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Milk Protein Concentrate Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
- 6 Market Breakup by Nature
- 6.1 Organic
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Conventional
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 7 Market Breakup by Form
- 7.1 Powder
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Liquid
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 8 Market Breakup by Concentration
- 8.1 Low
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Medium
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 High
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Breakup by Application
- 9.1 Packaged Products
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Nutritional Products
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Infant Formula
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 10 Market Breakup by Distribution Channel
- 10.1 Hypermarkets and Supermarkets
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Convenience Stores
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Specialty Stores
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Online Stores
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Others
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
- 12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
- 13 Value Chain Analysis
- 14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
- 15 Price Analysis
- 16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 AMCO Proteins
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Cabot Creamery Co-operative (Agri-Mark Inc.)
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.3 Erie Foods International Inc.
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.4 Fonterra Co-operative Group Limited
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Glanbia PLC
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.6 Grassland Dairy Products Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Idaho Milk Products
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Kerry Group plc
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.9 Royal FrieslandCampina N.V.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.10 Saputo Inc.
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited)
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.12 Westland Milk Products (Yili Group)
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
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