Milk Protein Concentrate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Milk Protein Concentrate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : May, 2021 | Food and Beverages

Report Digest

Milk protein concentrates are milk products with concentrated contents of milk protein. Milk protein concentrates are produced by processing skim milk. In the United States, milk protein concentrates are defined as “any complete milk protein concentrate (lactalbumin and casein) that contains 40% or more protein by weight.”

Producing milk protein concentrates from skim milk involves a series of procedures such as ultrafiltration, evaporation, and spray drying. Ultrafiltration separates whole milk into skim milk and cream, removing the liquid to obtain small molecules of protein and minerals. Milk protein concentrates are normally produced in the dry, powder form, and can be used in various dairy and food products, including desserts and energy bars, which mainly drives the milk protein concentrate market.

Milk Protein Concentrate Market – Notable Developments

  • In July 2018, Fonterra’s global dairy ingredients brand – NZMP announced that it will launch a new range of milk protein concentrates in the North American region. The company announced that the new product range will include fast-digesting milk protein concentrates and 14% high-protein ready-to-drink medical beverage. Fonterra also made announcements about its partnership with The a2 Milk Company (a2MC), which is mainly aimed at expanding company’s existing product range that includes recent additions such as low-lactose, organic and high protein milk products.
  • Westland Co-operative Dairy Company Limited – a New Zealand-based stakeholder in the milk protein concentrate market – recently announced that it has signed a Memorandum of Understanding with PT Sanghiang Perkasa (Kalbe) – a health and nutrition company based in Indonesia. The company aims to build a strong presence in South East Asia by leveraging Kalbe’s reach across a large consumer base in the region.
  • Idaho Milk Products, another US-based player in the milk protein concentrate market recently declared its plans to expand its milk processing facility in Jerome, Idaho by one-third. The company also announced that it will invest nearly US$ 26 million in the expansion of the facility in order to accommodate an additional 1 million pounds of locally sourced milk each day.

Some of the most prominent competitors operating in the competitive landscape of global milk protein concentrate market include –

  • Westland
  • Fonterra
  • Tatura
  • Erie Foods
  • Nutrinnovate Australia
  • Idaho Milk
  • Darigold Ingredients
  • Grassland
  • Paras
  • Glanbia
  • Enka S�t
  • Kerry

Milk Protein Concentrate market Dynamics

Health-conscious Consumers Seeking Nutritious On-the-go Snack Options Trigger Milk Protein Concentrate market Growth

An alarming rise in the prevalence of lifestyle diseases, such as cardiovascular diseases and diabetes, is encouraging consumers to adopt healthier eating habits. The recent developments in the milk protein concentrate market are mainly attributed to the palpable shift in dietary habits of a large consumer base, which is inclined towards food products with more nutrition.

Furthermore, the fast-paced lifestyle has been attributed for the increasing trend of healthy snacking. Growing popularity of nutritious food products for on-the-go snacking is emerging as a prominent trend among young-adult consumers. Leading players in the milk protein concentrate market are capitalizing on the increasing demand for healthy snacks and improving profitable sales of milk protein concentrates with the rapidly-multiplying number of health-conscious consumers worldwide.

Increasing Consumption of Protein for Weight Management will Boost Milk Protein Concentrate market Growth

The health and wellness trend is on the rise among consumers across the world, especially in developing countries. Growing prevalence of obesity is triggering consumers to engage in physical fitness activities and concentrate on obtaining specific nutrients to accelerate weight loss processes. The belief the consuming more proteins can speed up fat loss is taking roots among consumers, which is likely to augur well for the milk protein concentrate market.

New-generation dairy ingredients, such as milk protein concentrates, hold great potential for foods and beverages with high protein content, thereby leading players in the milk protein concentrate market are aiming to capitalize on the substantial rise in demand for high-protein foods by targeting leading players in the food & beverage industry.

Fluctuating Dairy Prices Worldwide – A Prominent Challenge for Milk Protein Concentrate market Players

Being a raw material dependent market, the growth and development of the milk protein concentrate market is mainly influenced by the supply and prices of milk, which is the primary raw ingredient used in the manufacturing of milk protein concentrates. A variety of factors that impact the milk industry and dairy prices remain instrumental in driving or impeding growth of the milk protein concentrate market. Thereby, uncertainties associated with milk prices and supply continue to remain a prime challenge for milk protein concentrate market player.

Milk Protein Concentrate market Segmentation

Based on ingredient types, the milk protein concentrate market is segmented into

  • Milk Protein Concentrates (MPC)
  • Milk Protein Isolates (MPI)
  • Co-precipitates
  • Blends
  • Total Milk Proteins (TMP)

Based on the contents, the milk protein concentrate market is segmented into

  • 85%
  • 70%-85%
  • 70%

Based on the end-use applications, the milk protein concentrate market is segmented into

  • Nutrition products
  • Dairy products
  • Cheese products
  • Others

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?