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Milk Protein Concentrate Market Report by Nature, Form, Concentration, Application, Distribution Channel, and Region 2024-2032

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    Report

  • 137 Pages
  • April 2024
  • Region: Global
  • IMARC Group
  • ID: 5743127
Description Jump to:
The global milk protein concentrate market size reached US$ 4.1 Billion in 2023. Looking forward, the market is projected to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.89% during 2023-2032.

Milk protein concentrate (MPC) is a concentrated dairy product that contains encapsulated bioavailable calcium. It also contains casein, caseinates, and whey protein concentrates and isolates in the same milk ratio. It is prepared by treating skimmed milk and concentrating the protein fractions through membrane separation technology. It promotes weight management by reducing calorie intake and the desire to consume sugary foods.

It is used as a key ingredient in preparing various protein-fortified drinks, snacks, energy bars, desserts, and low-carbohydrate foods due to its low-lactose and high-protein consistency. Besides this, MPC finds extensive applications in formulating protein supplements, infant nutrition, and packaged dairy products, such as lassi, dahi, paneer, and cheese slices.

Milk Protein Concentrate Market Trends

The increasing prevalence of obesity, diabetes, and other lifestyle diseases is catalyzing the demand for nutritional food products across the globe. In addition, rising awareness among the masses about the benefits of leading a healthy lifestyle and consuming a balanced diet is increasing the overall sales of MPC. The increasing awareness among parents about the nutritional benefits of infant formula is driving the demand for MPC across the globe. These concentrates are used in baby foods for the proper development of infants by fulfilling the required dietary needs.

Apart from this, the active participation of individuals in sports activities and fitness programs is increasing the requirement for protein supplements, which, in turn, is strengthening the market growth. Furthermore, a significant rise in milk production is increasing the supply of MPC and offering lucrative growth opportunities for manufacturers. Additionally, rising investments by leading market players in research and development (R&D) activities to launch more product variants with enhanced aroma and flavor of dairy protein ingredients are anticipated to propel the market growth.

Key Market Segmentation

This report provides an analysis of the key trends in each sub-segment of the global milk protein concentrate market report, along with forecasts at the global, regional and country level from 2024-2032. The report has categorized the market based on nature, form, concentration, application and distribution channel.

Breakup by Nature:

  • Organic
  • Conventional

Breakup by Form:

  • Powder
  • Liquid

Breakup by Concentration:

  • Low
  • Medium
  • High

Breakup by Application:

  • Packaged Products
  • Nutritional Products
  • Infant Formula
  • Others

Breakup by Distribution Channel:

  • Hypermarkets and Supermarkets
  • Convenience Stores
  • Specialty Stores
  • Online Stores
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being AMCO Proteins, Cabot Creamery Co-operative (Agri-Mark Inc.), Erie Foods International Inc., Fonterra Co-operative Group Limited, Glanbia PLC, Grassland Dairy Products Inc., Idaho Milk Products, Kerry Group plc, Royal FrieslandCampina N.V., Saputo Inc., TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited) and Westland Milk Products (Yili Group).

Key Questions Answered in This Report

1. What was the size of the global milk protein concentrate market in 2023?
2. What is the expected growth rate of the global milk protein concentrate market during 2024-2032?
3. What are the key factors driving the global milk protein concentrate market?
4. What has been the impact of COVID-19 on the global milk protein concentrate market?
5. What is the breakup of the global milk protein concentrate market based on the form?
6. What is the breakup of the global milk protein concentrate market based on the concentration?
7. What is the breakup of the global milk protein concentrate market based on application?
8. What are the key regions in the global milk protein concentrate market?
9. Who are the key players/companies in the global milk protein concentrate market?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Milk Protein Concentrate Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Nature
6.1 Organic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Conventional
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Form
7.1 Powder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Liquid
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Concentration
8.1 Low
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medium
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 High
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Application
9.1 Packaged Products
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Nutritional Products
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Infant Formula
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Hypermarkets and Supermarkets
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Convenience Stores
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Specialty Stores
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Online Stores
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Others
10.5.1 Market Trends
10.5.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 AMCO Proteins
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Cabot Creamery Co-operative (Agri-Mark Inc.)
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Erie Foods International Inc.
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Fonterra Co-operative Group Limited
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Glanbia PLC
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.6 Grassland Dairy Products Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Idaho Milk Products
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Kerry Group plc
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Royal FrieslandCampina N.V.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Saputo Inc.
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Westland Milk Products (Yili Group)
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
List of Figures
Figure 1: Global: Milk Protein Concentrate Market: Major Drivers and Challenges
Figure 2: Global: Milk Protein Concentrate Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Milk Protein Concentrate Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 4: Global: Milk Protein Concentrate Market: Breakup by Nature (in %), 2023
Figure 5: Global: Milk Protein Concentrate Market: Breakup by Form (in %), 2023
Figure 6: Global: Milk Protein Concentrate Market: Breakup by Concentration (in %), 2023
Figure 7: Global: Milk Protein Concentrate Market: Breakup by Application (in %), 2023
Figure 8: Global: Milk Protein Concentrate Market: Breakup by Distribution Channel (in %), 2023
Figure 9: Global: Milk Protein Concentrate Market: Breakup by Region (in %), 2023
Figure 10: Global: Milk Protein Concentrate (Organic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Milk Protein Concentrate (Organic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Milk Protein Concentrate (Conventional) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Milk Protein Concentrate (Conventional) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Milk Protein Concentrate (Powder) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Milk Protein Concentrate (Powder) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Milk Protein Concentrate (Liquid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Milk Protein Concentrate (Liquid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Milk Protein Concentrate (Low) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Milk Protein Concentrate (Low) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Milk Protein Concentrate (Medium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Milk Protein Concentrate (Medium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Milk Protein Concentrate (High) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Milk Protein Concentrate (High) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Milk Protein Concentrate (Packaged Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Milk Protein Concentrate (Packaged Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Milk Protein Concentrate (Nutritional Products) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Milk Protein Concentrate (Nutritional Products) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Milk Protein Concentrate (Infant Formula) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Milk Protein Concentrate (Infant Formula) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Milk Protein Concentrate (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Milk Protein Concentrate (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Milk Protein Concentrate (Hypermarkets and Supermarkets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Milk Protein Concentrate (Hypermarkets and Supermarkets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Milk Protein Concentrate (Convenience Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Milk Protein Concentrate (Convenience Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Global: Milk Protein Concentrate (Specialty Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Global: Milk Protein Concentrate (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Global: Milk Protein Concentrate (Online Stores) Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Global: Milk Protein Concentrate (Online Stores) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Global: Milk Protein Concentrate (Other Distribution Channels) Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Global: Milk Protein Concentrate (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: North America: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: North America: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: United States: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: United States: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Canada: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Canada: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Asia-Pacific: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Asia-Pacific: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: China: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: China: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Japan: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Japan: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: India: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: India: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: South Korea: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: South Korea: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Australia: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Australia: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Indonesia: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Indonesia: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Europe: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Europe: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Germany: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Germany: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: France: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: France: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: United Kingdom: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: United Kingdom: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Italy: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Italy: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 74: Spain: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 75: Spain: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 76: Russia: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 77: Russia: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 78: Others: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 79: Others: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 80: Latin America: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 81: Latin America: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 82: Brazil: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 83: Brazil: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 84: Mexico: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 85: Mexico: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 86: Others: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 87: Others: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 88: Middle East and Africa: Milk Protein Concentrate Market: Sales Value (in Million US$), 2018 & 2023
Figure 89: Middle East and Africa: Milk Protein Concentrate Market: Breakup by Country (in %), 2023
Figure 90: Middle East and Africa: Milk Protein Concentrate Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 91: Global: Milk Protein Concentrate Industry: SWOT Analysis
Figure 92: Global: Milk Protein Concentrate Industry: Value Chain Analysis
Figure 93: Global: Milk Protein Concentrate Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Milk Protein Concentrate Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Milk Protein Concentrate Market Forecast: Breakup by Nature (in Million US$), 2024-2032
Table 3: Global: Milk Protein Concentrate Market Forecast: Breakup by Form (in Million US$), 2024-2032
Table 4: Global: Milk Protein Concentrate Market Forecast: Breakup by Concentration (in Million US$), 2024-2032
Table 5: Global: Milk Protein Concentrate Market Forecast: Breakup by Application (in Million US$), 2024-2032
Table 6: Global: Milk Protein Concentrate Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 7: Global: Milk Protein Concentrate Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 8: Global: Milk Protein Concentrate Market: Competitive Structure
Table 9: Global: Milk Protein Concentrate Market: Key Players

Companies Mentioned

  • AMCO Proteins
  • Cabot Creamery Co-operative (Agri-Mark Inc.)
  • Erie Foods International Inc.
  • Fonterra Co-operative Group Limited
  • Glanbia PLC
  • Grassland Dairy Products Inc.
  • Idaho Milk Products
  • Kerry Group plc
  • Royal FrieslandCampina N.V.
  • Saputo Inc.
  • TATURA Milk Industries Pty. Ltd. (Bega Cheese Limited)
  • Westland Milk Products (Yili Group).

Methodology

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Table Information

Report AttributeDetails
No. of Pages137
PublishedApril 2024
Forecast Period2023 - 2032
Estimated Market Value ( USD ) in 2023 $ 4.1 Billion
Forecasted Market Value ( USD ) by 2032 $ 6.3 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned12

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