Milk protein concentrate market size was valued at $3,009.9 million in 2019, and is projected to reach $3,923.6 million by 2027, registering a CAGR of 5.3%. North America was the highest revenue contributor, accounting for the highest value share in 2019, and is estimated to grow at a CAGR of 4.8%.

Milk protein concentrate (MPC) is a milk extract with a high concentration of encapsulated accessible calcium. Because of its high protein concentration, it has a wide range of applications in the food and beverage industries. Although it is primarily utilised in the production of packaged dairy products, it is also an important element in protein supplements, newborn feeding, and functional food. Milk protein concentrate is mostly produced and exported by Asian countries. The top two exporters of milk protein concentrate are China and Japan.

Consumers’ increased purchasing power, as well as high sales of nutritional and protein-rich foods and beverages such as dietary supplements and ready meals, are important factors boosting demand for milk protein concentrates. Milk, yoghurt, and cheese are nutrient-dense because they provide a lot of nutrition for a little number of calories. Cow’s milk is one of the most nutrient-dense choices. When eating dairy, consider a variety with at least some fat. Ultra-filtered milk contains more protein and tastes great.

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Market Segmentations are as follows,

Global Milk Protein Concentrate Market: Top Key Players
Fonterra
Westland
Nutrinnovate Australia
Tatura
Darigold Ingredients
Idaho Milk
Erie Foods
Grassland
Glanbia
Kerry
Enka Sut
Paras

Global Milk Protein Concentrate Market: By Types
ContentBelow 70%
Content: 70%-85%
ContentAbove 85%

Global Milk Protein Concentrate Market: By Applications
Cheese Products
Dairy Products
Nutrition Products

By region, North America dominated in 2019, accounting for almost one-third of the market, owing to a surge in consumer interest in high-protein foods and a growing predilection for packaged and functional foods with high protein concentrations. However, the worldwide milk protein concentrate market in Asia-Pacific is expected to grow at the fastest rate of 6.9 percent during the forecast period, owing to an increase in consumer spending power and an increase in the middle-class population.

Market Scope and Size of the Global Milk Protein Concentrates Market:

The market for milk protein concentrates is divided into component type, preparation technique, nature, shape, content, application, end use, and distribution channel. The growth among segments allows you to study localised pockets of growth and market approaches to discover your primary application areas and the difference in your target markets. The milk protein concentrates market has been divided into complete milk proteins, co-precipitates, milk protein isolates, blends, and others based on ingredient type.
The milk protein concentrates market is also divided by preparation method into co-precipitation and ultra-filtration.
The milk protein concentrates market has been divided into two categories: organic and conventional.

Scenario Covid-19:

The Covid-19 outbreak had a detrimental impact on the milk protein concentrate industry due to a slowdown in production due to severe lockdown requirements.
Furthermore, the protracted lockdown disrupted supply chains and created a supply-demand gap.

A move toward nutritional and balanced meals as a result of rising health consciousness, as well as increased research and development to improve the performance, scent, and flavour of dairy protein components, are likely to drive the Milk Protein Market over the forecast years. The Global Milk Protein Market research provides a comprehensive analysis of the market. The research provides a thorough examination of major segments, trends, drivers, restraints, the competitive landscape, and factors that are significant in the market.

Key Benefits For Stakeholders

• The report provides a quantitative analysis of the current milk protein concentrate market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
• Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
• In-depth analysis and the market size and segmentation assist to determine the prevailing milk protein concentrate market opportunities.
• The major countries in each region are mapped according to their revenue contribution to the market.
• The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

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FAQs:

• What is the driving factor for the growth of this market?
• How will the COVID-19 pandemic impact the demand and consumption of this market?
• What is the major application area of this market?
• Who are the Milk Protein Concentrate manufacturers across the globe?
• Which geographical location is dominant in this market?
• Which are the top industry players in this market?

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