Global Milk Protein

Global Milk Protein

Milk Protein is one of the longest-used protein supplements and has numerous benefits. It is widely used due to its high quality and rate of absorption. More specifically, the prolonged-release properties of Milk Protein make it ideal for any period where the body needs a sustained release of protein. Also, milk proteins contain all 9 essential amino acids required by humans. Milk proteins are synthesized in the mammary gland, but 60% of the amino acids used to build the proteins are obtained from the cow's diet. In cow's milk, approximately 82% of milk protein is casein and the remaining 18% is serum or whey protein.

The Global Milk Protein Market is expected to grow at a strong CAGR of 6% during the forecast period (2023-2030) owing to factors such as surging cases of muscle tissue breakdown due to improper nutrition, rising number of gym and fitness enthusiasts, and emerging aging population, etc. Many major companies in the market are launching new products to increase the variants for protein. For instance, in December 2022, Perfect Day whipped up interest in animal-free milk proteins by developing whey protein.

• Based on the type, the market is fragmented into milk protein concentrate, milk protein isolate, whey protein concentrate, whey protein isolate, and others. The Whey Protein Concentrate grabbed the major share of the market during the forecast period. Whey protein Concentrate is considered the most widely used supplement in sports nutrition. Most associated with strength, speed, and power athletes, protein shakes are now used in endurance-based sports too. The growing popularity of sports due to health benefits and passion among people globally is also acting as a growth catalyst for the industry.
• Based on the form, the market is segmented into dry and liquid. The dry form is expected to have a significant share during the forecasted period. This is mainly owing to the properties of dry milk protein such as longer shelf life and ease of carry etc. Due to longer shelf life and ease-to-carry properties, the dry form of milk protein is further used as an ingredient in various food and beverage products, including sports nutrition products, infant formulas, bakery products, dairy products, and confectionery items which in turn capitalize the respect segment to hold the major share in the market.
• Based on the distribution channel, the market is bifurcated into online and offline. The online segment held a significant share of the market in 2022. This is mainly owing to factors such as the rapid penetration of e-commerce and online grocery shopping. It is more convenient now to easily purchase milk protein from the comfort of their own homes and have it delivered to their doorstep. Additionally, online retail stores have a wide selection of milk protein, which in turn is increasing the demand for the product.
• For a better understanding of the market adoption of the milk protein market, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of APAC), and Rest of World. North America milk protein market is expected to have the largest market share during the forecast period. This is mainly due to the growing demand for protein-rich foods and beverages, particularly among health-conscious consumers. Milk protein is a popular choice for this group because it is a high-quality protein source that is also rich in other nutrients like calcium, vitamin D, and omega-3 fatty acids. Additionally, the increasing popularity of plant-based and vegan diets has led to an increase in demand for milk protein as a substitute for animal-derived protein sources. Additionally, Dairy farmers are increasingly focusing on producing milk protein as a commodity crop, which has led to a decrease in the price of milk protein and made it more accessible to a wider range of consumers. This has in turn led to an increase in the demand for milk protein from both domestic and international markets.
• Some of the major players operating in the market are Cargill, Inc.; ADM; DuPont Nutrition & Health; Arla Foods Ingredients Group; Kerry Group plc; Associated British Foods plc; Fonterra Co-Operative Group Limited; Omega Protein; Dairy Farmers of America, Inc.; Charotar Casein Company etc. Several M&As along with partnerships have been undertaken by these players to develop the Milk Protein Market.