The milk protein global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Milk Protein Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The milk protein market size has grown strongly in recent years. It will grow from $12.64 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to research and development in nutritional science, rising health and wellness trends, growing demand for sports nutrition, functional food and beverages growth, shift towards plant-based alternatives..
The milk protein market size is expected to see strong growth in the next few years. It will grow to $18.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to changing dietary patterns, sustainable production practices, research and development in nutritional science, innovation in plant-based alternatives, expanding functional food and beverage market, rising application in infant formula.. Major trends in the forecast period include rising demand for high-quality protein sources, research and development in nutrition science, customization and specialty products, technological advancements in processing, sustainability concerns and ethical consumption..
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Scope Of Milk Protein Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Milk Protein Market Overview
Market Drivers –
The rise in infant birth rate is expected to propel the milk protein market growth. The total number of births divided by the entire population is known as the infant birth rate. It is a demographic measure of the rate at which births occur. The rising birth rate would necessitate meeting the nutritional needs of infants, and milk protein would aid in meeting the nutritional needs of children, driving the market growth. For instance, in May 2022, according to the CDC (Centers for Disease Control and Prevention), a US-based national public health agency, the birth rate increased by 1% for the first time in seven years, from 55.6 in 2020 to 56.6 in 2021. Therefore, the rise in infant birth rate drives the growth of the milk protein market.
Market Trends –
Product innovation is a key trend in the milk protein market. Major players in the milk protein market are concentrating on creating new technological advancements to improve their competitiveness. For instance, in September 2022, Arla Foods, a Danish-Swedish multinational cooperative based largest producer of dairy products, launched a Lacprodan ISO, a new solution for protein bars. It has unique properties such as, it is made of high-quality protein, having low sugar, and higher protein content, and using premium ingredients. It is a ready-to-mix product that comes with whey protein isolate and dairy proteins and is expected to use a sugar-free alternative that helps individuals to tolerate those who experience digestive disturbances.
The milk protein market covered in this report is segmented –
1) By Type: Milk Protein Concentrate, Milk Protein Isolate [MPI], Milk Protein Hydrolysates, Casein And Caseinates, Whey Protein Concentrate, Whey Protein Isolate, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Cow, Buffalo, Goat
4) By Application: Dairy Products, Frozen Desserts, Infant Formula, Dietary Supplements, Bakery, Confectionery, Beverages, Sweet, Savory Snacks
5) By Distribution Channel: Online, Offline
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Regional Insights –
North America was the largest region in the milk protein market share in 2023. The regions covered in the milk protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the milk protein market report are Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Amco Proteins Company., Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group B.V., Lactalis Ingredients, Sachsenmilch Leppersdorf GmbH, Cargill Inc., Archer-Daniels-Midland Company, Omega Protein Corporation, Dean Foods Company, Charotar Casein Company, Danone Nutricia, Hilmar Ingredients, Milk Specialties Global, Idaho Milk Products, Agropur Dairy Cooperative, Carbery Group Limited, Davisco Foods International Inc., Leprino Foods Company, Lactose Limited, Erie Foods International Inc., Grande Custom Ingredients Group, Milkaut S.A., Farbest Brands Inc., Batory Foods Inc., Armor Proteines, Nutrimed Healthcare, Agri-Mark Inc., Arion Dairy Products B.V .
Table of Contents
1. Executive Summary
2. Milk Protein Market Report Structure
3. Milk Protein Market Trends And Strategies
4. Milk Protein Market – Macro Economic Scenario
5. Milk Protein Market Size And Growth
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27. Milk Protein Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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