Milk protein concentrate is a type of milk extract consisting of high-levels of encapsulated bioavailable calcium. Also, it is a high protein concentrate. Thus, it is widely utilized in the food and beverage sector. Moreover, it is also utilized in the preparation of dairy products and serves as a key ingredient in functional food, infant nutrition, and protein supplements.
The surging number of health-conscious consumers all across the globe is one of the major factors accelerating the growth of the global milk protein concentrates market. The growing awareness among parents regarding the nutritional benefits involved in the infant’s formula is further boosting its adoption globally. There is a significant increase in the number of working women all across the globe and simultaneously the birth rates are also growing. Henceforth, the demand for milk protein concentrate is likely to grow significantly during the forecast period. The growing disposable income of the people is significantly raising the purchasing power of the consumer which in turn is boosting the sales of nutritional products, protein supplements, and milk concentrates. The constantly growing research and development activities in the innovation of milk protein concentrate along with the surging trends of plant-based protein diet are further creating several lucrative growth opportunities in the market in the forthcoming years.
The global milk protein concentrates market can be segmented into concentration, application, ingredient, and regional.
By concentration, the market can be segmented into high, medium, and low concentration. The high concentration segment accounts for the largest share in the global milk protein concentrate market due to the increasing consumption of protein supplements all across the globe.
By application, the market can be segmented into infant formula, nutritional products, packaging products, and others. The packaged product segment dominates the global milk protein concentrates market due to the growing affinity of consumers towards packaged food.
By ingredient, the market can be segmented into blends, milk protein isolates, co-precipitates, and total milk proteins.
North America accounts for the largest share in the global milk protein concentrates market due to the growing health consciousness among people. Moreover, the growing number of fitness enthusiasts in the region further boosts the adoption of protein-rich supplements in the region.
Europe is expected to witness a significant growth rate in the forthcoming years due to the growing investments from prominent market leaders to launch innovative products for infants and pregnant women in the region.
Some of the significant players in the global milk protein concentrate market are Saputo Ingredients, Fonterra Co-operative Group, MGP Ingredients, Kerry Group, Havero Hoogwewt, Erie Foods, Wheyco Gmbh, Idaho Milk Products, Amco Protein, Arla Foods, Darigold Ingredients, Tatura, Glanbia PLC, Nutrinnovate Australia, FrieslandCampina DM, Lactalis Ingredients, Westland, and Sachsenmilch Leppersdorf Gmbh. To cite, Nestle S.A. set up its research and development center in 2019 in Ireland. The center will concentrate on innovations in milk-based infant and maternal products.