Milk protein concentrates are used widely in infant formula foods owing to their calcium-rich ingredients. The concentrates have a high amount of proteins and are manufactured through slim milk processing like spray drying, evaporation, and ultrafiltration. They are available in powdered as well as dry form.
The nutritive and beneficial aspects of milk protein concentrates are expected to uplift the demand in the global milk protein concentrates market. In addition, increasing demand for high protein diet and health-conscious people are foreseen to fuel the overall market growth in the upcoming years. Besides, the parents are also getting aware of the nutritional benefits of protein concentrates and want the best for their ward. This makes them opt for such products in the market, surging the demand all across the globe. Moreover, an increase in milk production globally is also expected to spike the demand in the global milk protein concentrates market.
Also, individuals across the globe are getting more cognizant about wellbeing and wellness because of the gigantic ascent in malnutrition and obesity along with a weak immune system. This has additionally inclined individuals to choose protein-rich food habits like milk protein concentrate that offers wholesome advantages to the human body. Every one of these previously mentioned factors is anticipated to improve the business scope throughout the forecast period. However, risks identified with milk expenses can hinder the development of the milk protein concentrates market in the future. In addition, the trend of consuming plant-based protein diets such as wheat and soy are also foreseen to repress the business scene in the forthcoming years.
The global milk protein concentrates market is broadly divided into application, ingredients, contents, and region. In terms of ingredients, the global market is divided into total co-precipitates, milk proteins, blends, milk protein isolates, and others. Based on application, the market is segmented into nutrition items, dairy items, and cheese products. As per the content, the global market is classified as between 70% & 85%, 70%, and 85%.
Geographically, the global milk protein concentrates market is led by North America within the forecast period with the highest market share. This is credited to the rising number of health-conscious people in the region, increased fitness activities, and rising demand for protein-rich supplements among people, especially in the nations like Canada and the US. In addition, there has been a rise in the number of cows for dairy purposes in California, which is also a fueling factor behind the rising demand in the regional market. The region is further trailed by Europe.
Westland, Sachsenmilch Leppersdorf Gmbh, Lactalis Ingredients, Nutrinnovate Australia, Friesland Campina DM, Glanbia PLC, Darigold Ingredients, Tatura, Arla Foods, Idaho Milk Products, Amco Protein, Wheyco Gmbh, Havero Hoogwewt, Erie Foods, Kerry Group, Fonterra Co-operative Group, MGP Ingredients, and Saputo Ingredients are few of the prominent players in the global milk protein concentrates market. Recently, a leading global company, Fonterra’s NZMP came up with a range of milk that claims to manage stress in people and improves overall health.