The global Milk Protein market was valued at USD 9.08 billion in 2016 and is projected to reach USD 15.73 million by 2025, growing at a CAGR of 6.6% from 2017 to 2025.
Milk proteins have been predominantly been used in large number of consumer products. However, the rising consumer awareness regarding self nutrition is expected to be a major driver for market demand. The increasing usage in infant nutrition is boosting market demand.
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1. Market Drivers
1.1 Increase in Demand for Nutrition-Based Products in Sports Nutrition, Infant Formulas, and Clinical Nutrition
1.2 Increase in Awareness About Health & Wellness
2. Market Restraints
2.1 Growing popularity of plant proteins
The global Milk Protein market is segmented on the type, livestock, application, and region.
1. By Type:
1.1 Milk Protein Concentrates
1.2 Milk Protein Isolates
1.3 Casein and Caseinates
1.4 Whey Protein Concentrates
1.5 Whey Protein Isolates
1.6 Milk Protein Hydrolysates
2. By Livestock:
3. By Application:
3.1 Sports Nutrition
3.2 Infant Formula
3.3 Dairy Products
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. Amco Protein
2. Lactalis Ingredients
3. Sachsenmilch Leppersdorf GmbH
4. Fonterra Co-Operative Group
5. Havero Hoogwewt
7. Kerry Group
8. Arla Foods
9. Glanbia PLC
10. Saputo Ingredients
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Milk Protein market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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