Milk Protein Market to Showcase Continued Growth in the Coming Years

Northbrook, USA, 2020-Apr-01 — /EPR Network/ — The milk protein market is projected to grow at a CAGR of 6.5%, in terms of value, from 2017 to reach a projected value of USD 13.38 Billion by 2022. The multifunctional nature of milk protein, ease of incorporation in a wide range of applications, increase in demand for high protein food, and increase in consumption of premium products are the factors driving the global market. Increase in awareness with regard to the importance of high nutritional food and its rising applications among the global population, fuels the demand for milk protein.

The global market has been segmented by type into casein & caseinates, milk protein concentrates, milk protein isolates, milk protein hydrolysates, whey protein concentrates, whey protein isolates, and others. The whey protein concentrates segment has emerged as the most widely used milk protein owing to their multifunctional properties and their vast applications in bakery products, confectionery products, infant formula, clinical nutrition, dairy products, and sports nutrition.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=81179582

Based on livestock, cow milk is estimated to have the largest market share in 2017. The global demand for milk protein from cow’s milk is higher than other milk producing livestock. Factors such as increased cattle farming, developed milk supply services, developments in storage and refrigeration, large scale production of cow’s milk globally compared to that of other livestock are drivers for cows to be the main source for the milk protein market.

The global market has been segmented on the basis of application into infant formula, sports nutrition, dairy products, and others. Milk protein is gaining importance in the infant formula segment with an increase in importance toward infant nutrition and growth in concerns regarding lactose intolerance among infants, which drive the demand for low-lactose, high protein infant nutrition.

In 2017, the Europe region is estimated to hold a significant share in the global milk protein market whereas Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The major drivers for this significant share of the European region are increase in consumer expectations for innovation and convenience. Development of milk protein for making low fat food products is one of the latest trends in the food & beverage industry of countries such as Germany and France. Positive investigations for health benefits create a platform for newer applications of milk protein and increase in consumer awareness regarding value-added products. The Asia-Pacific market is driven by the growing demand for processed food products in developing countries such as India, China, Australia, and New Zealand.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading companies such as Groupe Lactalis (France), Fonterra Co-Operative Group (New Zealand), FrieslandCampina (Netherlands), Arla Foods (Denmark), and Saputo Incorporated (Canada).

Request for Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=81179582

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: newsletter@marketsandmarkets.com