Milk Protein Concentrate Market Key Highlights:
- Market Size (2024): USD 1.19 Billion
- Projected Market Size (2034): USD 1.62 Billion
- CAGR (2023-2034): 3.1%
Pricing Analysis:
- Price Growth
- Regional Variations
Market Historic Sales
- Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
- Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
- Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
- Analysis of revenue contributions from different manufacturers in the market.
Milk Protein Concentrate Market Definition
The milk protein concentrate market is an integral sector of the nutrition products industry. This industry deals in the manufacturing and distribution of milk protein concentrates (MPCs) around the world. These products are generally found in dry and liquid form. There are various types of milk protein concentrate available in the market that mainly include milk protein concentrates, milk protein casein and caseinates, milk protein hydrolysates, casein and caseinates, whey protein concentrates, whey protein isolates, and some others. This market is likely to rise significantly with the growth of the food and beverages industry across the world.
The demand for these products has increased in the food& beverages industry. In the food & beverages sector, milk protein concentrates are used to manufacture protein enhancement substances, baked goods, desserts, yogurt, and some others. Also, the application of these products has grown in the infant nutrition industry. In the infant food sector, milk protein concentrates are used to manufacture infant food products. Moreover, the usage of these substances in the dairy industry has gained traction in recent times. In the dairy sector, milk protein concentrates are used in the manufacturing of cheese, cultured dairy products, ice cream, frozen yogurt, and others. Thus, the growing application of these products in the above-mentioned sectors is expected to drive the growth of the milk protein concentrate market.
The advancements in protein processing technologies along with developments in ultra-filtration systems are expected to create ample growth opportunities for the market players in the future. In January 2023, Molvest Group announced the opening of a new milk protein concentrate plant in Kalach, Russia. This manufacturing facility is expected to produce around 200 tonnes of milk per day, of which 85% will be milk protein concentrates.
Milk Protein Concentrate Market Segmentation:
By Type
- ContentBelow 70%
- Content: 70%-85%
- ContentAbove 85%
By Application
- Cheese Products
- Dairy Products
- Nutrition Products
- Others
Milk Protein Concentrate Market Companies:
- Fonterra
- Westland
- Nutrinnovate Australia
- Tatura
- Darigold Ingredients
- Idaho Milk
- Erie Foods
- Grassland
- Glanbia
- Kerry
- Enka Sut
- Paras
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