Milk Mineral Concentrate Market Forecasts to 2028 – Global Analysis By Source (Buffalo Milk, Goat Milk, Cow Milk and Other Sources), Calcium Content (Less than 20%, 20% to 25% and 26% to 30%), Granularity (Micronized Powder (<10 microns) and Standard Powd

Milk Mineral Concentrate Market Forecasts to 2028 – Global Analysis By Source (Buffalo Milk, Goat Milk, Cow Milk and Other Sources), Calcium Content (Less than 20%, 20% to 25% and 26% to 30%), Granularity (Micronized Powder (<10 microns) and Standard Powder (>10 microns)), Application and Geography

According to Stratistics MRC, the Global Milk Mineral Concentrate Market is accounted for $109.79 billion in 2022 and is expected to reach $161.11 billion by 2028 growing at a CAGR of 6.6% during the forecast period. Milk mineral concentrate is a naturally occurring type of milk mineral obtained using a proprietary isolation technique. Milk mineral concentrates are generally high in calcium, phosphoric acid, and other milk minerals. Milk minerals are essential for human health, particularly for bone health. Milk mineral concentrations are made by filtering whey, a by-product of cheese manufacture. Several isolation procedures are used to fractionate the whey, which is subsequently dried and crushed into fine powders. These are high in calcium, potassium, salt, and other vital minerals and are used to supplement nutrition by adding them to infant formulae, nutritional foods, beverages, and other products.

According to an article published by Bone Health and Osteoporosis Foundation (BHOF) in 2021, it is estimated that around 10 million Americans have osteoporosis, and around 44 million are at high risk for its development due to low bone mass.

Market Dynamics:

Driver:

Growing prevalence of bone-related disorders especially among geriatric population

The prevalence is rising as the senior population grows. The global prevalence of calcium shortage is increasing due to a variety of factors, including inadequate calcium intake in the diet, underlying medical diseases such as autoimmune illnesses, and drugs that reduce calcium absorption in individuals. As a result of calcium insufficiency in the population, the prevalence of bone-related disease is increasing, producing an unmet need for therapy. These factors are increasing the need for calcium-fortified foods and dietary supplements to meet the required dietary intake of calcium and other minerals.

Restraint:

Growing inclination of consumers toward vegan food

The growing consumer preference for a healthy lifestyle is moving demand and preference away from traditionally processed meat products, which is simultaneously reducing demand for dairy products. Many reasons are contributing to a movement in population preference for vegan food consumption in industrialised and emerging countries. Furthermore, plant-based alternatives are now considered a more nutritious and superior choice of milk, leading in lower consumption of dairy milk and products in industrialised countries such as the United States, the United Kingdom, and others. These factors are expected to limit the global market's growth over the forecast period.

Opportunity:

Shifting consumer preference towards more nutritious food products

Globally, rising health consciousness and illnesses caused by a lack of nutrient consumption are driving an increase in the use of dietary supplements, fortified beverages, and meals. Similarly, increased government measures to update guidelines and conform to the quality of products created by market participants are encouraging these firms' research and activities to develop and launch products with a broader range of applications such as gut health and immunity, among others. As a result of consumer preferences shifting toward more nutritious food products, demand for milk mineral concentrate manufacturing for calcium fortification of various food products and beverages is predicted to increase.

Threat:

Price fluctuations

Milk and dairy product costs fluctuate on a weekly and monthly basis, depending on a range of supply and demand factors as well as government regulations. Milk production, lactation length, and dry period, on the other hand, have been shown to be affected by genetic background, environment, illnesses, food, year, and season of calving. Breed, age, lactation stage, parity, and milking frequency all have an impact on performance, which is the primary cause for the constant fluctuation of milk prices, as a result of these factors imposing significant constraints on the market.

Covid-19 Impact

During the predicted period, the COVID-19 influence on market growth was positive. During the COVID-19 epidemic, there was an increase in demand for milk and other dairy products. The procurement of raw materials and ingredients by milk mineral concentrate makers was hampered slightly due to minor interruptions in the supply chain and logistics. Higher raw material prices arose from the population's increased demand for milk and dairy products, along with decreasing production of milk and other products. These factors resulted in lower sales volume of products with higher ASPs, resulting in higher revenues.

The 20% to 25% segment is expected to be the largest during the forecast period

The 20% to 25% segment is estimated to have a lucrative growth, due to the increasing number of people with mineral deficiencies and growing awareness of the illnesses and possible treatment options. To address the demand for mineral concentrates, market participants such as Glanbia PLC., Arla Foods Ingredients Group P/S, and others are focusing on boosting the concentration of key minerals such as calcium. During the projection period, these variables are expected to boost segmental expansion.

The infant formula segment is expected to have the highest CAGR during the forecast period

The infant formula segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the increased awareness of mineral inadequacies among newborns and children in emerging countries such as China, Japan, and others. Another key element contributing to the segment's growth is the increasing number of clinical trials to develop and launch infant formulae with added nutritious molecules to address the impaired nutrition level, as well as the expanding regulatory framework.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the factors such as the increased prevalence of calcium deficient illnesses in the population, particularly among babies and the elderly. Furthermore, rising government activities to adopt and update new laws for fortified food products such as infant formulae are expected to drive the market in the region. And also, rising infant formula consumption in countries such as China, Japan, and others is driving market participants to offer products with continual improvements in mineral content, which is expected to increase demand for infant formulae throughout the forecast period.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to increasing patient population suffering from micronutrient deficiency disorders in the U.S. and Canada. Customers are becoming more health concerned, and there is a quick increase in exercise activities, which leads to sports and protein-rich supplements. Rising health concerns due to lesser consumption of vital minerals and micronutrients, increased awareness and identification of mineral deficiency disorders among the region's population are some of the reasons leading to the market's rise in North America.

Key players in the market

Some of the key players profiled in the Milk Mineral Concentrate Market include Arla Foods Ingredients Group P/S, ARMOR PROTÉINES, Fonterra Co-Operative Group Limited, FrieslandCampina DOMO, MILEI GmbH, Sachsenmilch Leppersdorf GmbH, Glanbia PLC, Whiteoakmills, Lactalis Ingredients, Food Ingredient Technology Co., Ltd., MG Ingredients, Draco Ingredients, Donaghys

Key Developments:

In June 2022, Sachsenmilch Leppersdorf GmbH entered into an agreement with FrieslandCampina DOMO to take over five brands of dairy product range and three production facilities.

In March 2022, Arla Foods Ingredients Group P/S launches two new products for early life nutrition with an aim to expand its organic offering to strengthen its position in the market in the organic sector.

In February 2021, FrieslandCampina DOMO announced a new partnership with Cayuga Milk Ingredients for the production of its Refit milk proteins MPI 90 and MPC 85 with an aim to increase its product portfolio.

Sources Covered:
• Buffalo Milk
• Goat Milk
• Cow Milk
• Other Sources

Calcium Contents Covered:
• Less than 20%
• 20% to 25%
• 26% to 30%

Granularities Covered:
• Micronized Powder (<10 microns)
• Standard Powder (>10 microns)

Applications Covered:
• Dietary Supplements
• Infant Formula
• Functional Food
• Sports Nutrition
• Beverages
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements