Kenneth Research, in its repository of market research reports, have recently added a report on Milk Protein Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
Global Milk Protein Industry was valued at USD 9.90 Billion in the year 2017. Global Milk Protein Industry is further expected to grow at a CAGR of 5.88% from 2018 and to reach USD 15.63 Billion by the year 2025. European region holds the largest Industry share in 2017 whereas North America is forecasted as the highest growing Industry in the coming years. At a country level developing Industrys like China, India, Australia, and New Zealand holds the notable Industry share in 2017 and it is further anticipated to grow at a steady pace in the next 5 years. The growth is mainly due to wide applications and growing opportunity in emerging Industrys.
The major market players in Milk Protein Industry are Lactalis Ingredients, Frieslandcampina, Saputo Ingredients, Kerry Group, Sachsenmilch Leppersdorf GmbH, Arla Foods, Amco Protein, Havero Hoogwewt, Glanbia PLC, Fonterra Co-Operative Group and other 10 companies detailed information is provided in research report).
SWOT Analysis of Milk Protein Industry
Growing healthcare consciousness
Rising demand for nutritional based milk products.
Availability of alternate milk and milk products
Emerging Industry in developing countries
Growing consumption of milk and milk products
Cost of raw material
The inadequacy of awareness related to benefits of milk protein.
The milk protein Industry at the global level is segmented as by type, by form, by livestock, by application, and by region. Based on types Whey Protein Concentrates holds the highest Industry share with the high growth rate in coming years. The growth is mainly due to wide usage and increasing consumption of nutritional products. By form, the milk protein is further segmented into dry Form and liquid Form.
On the other hand, Based on application infant formula segment among Sports Nutrition and Dairy Products is estimated to be the largest Industry share in 2017 and is expected to grow at highest CAGR in coming years. The growth is mainly due to high protein content for infant nutrition and growing concern for newborn health. On the basis of livestock, cow milk segment holds the highest Industry share among buffalo, goat, and others. Increasing cattle farming in both developing and developed countries, increasing large-scale production and consumption contributes to the growing cow milk Industry.
Milk Protein Industry Overview By Application
Milk Protein Industry Overview By Livestock
Milk Protein Industry Overview By Type
Whey Protein Concentrates
Whey Protein Isolates
Casein & Caseinates
Milk Protein Concentrates
Milk Protein Isolates
Milk Protein Hydrolysates
Other Milk Protein
Milk Protein Industry Overview By Form
Milk Protein Industry Overview By Region
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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