Milk Protein Global Market Report 2024

The milk protein market size has grown strongly in recent years. It will grow from $12.64 billion in 2023 to $13.63 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The historical period's growth can be attributed to several factors, including research and development in nutritional science, the ascent of health and wellness trends, an increasing demand for sports nutrition, the growth of functional food and beverages, and a shift towards plant-based alternatives.

The milk protein market size is expected to see strong growth in the next few years. It will grow to $18.86 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The anticipated growth in the forecast period can be attributed to shifting dietary patterns, the adoption of sustainable production practices, ongoing research and development in nutritional science, innovation in plant-based alternatives, the expanding market for functional food and beverages, and the increasing application in infant formula. Prominent trends in the forecast period encompass the rising demand for high-quality protein sources, ongoing research and development in nutrition science, a focus on customization and specialty products, technological advancements in processing, and the growing concerns about sustainability and ethical consumption.

The anticipated increase in the infant birth rate is set to drive the growth of the milk protein market. The infant birth rate, a demographic measure indicating the rate at which births occur in relation to the entire population, is expected to rise. This higher birth rate necessitates meeting the nutritional needs of infants, with milk protein playing a crucial role in fulfilling these requirements and thereby fostering market growth. For example, as of May 2022, the Centers for Disease Control and Prevention (CDC), a US-based national public health agency, reported a 1% increase in the birth rate, rising from 55.6 in 2020 to 56.6 in 2021 - the first increase in seven years. Consequently, the upward trend in the infant birth rate contributes to the growth of the milk protein market.

The expanding food and beverage industry is poised to drive the growth of the milk protein market. The food and beverage sector, encompassing production, processing, distribution, and sales, is witnessing significant growth. Milk protein is increasingly being integrated into a variety of products within this industry due to its unique functional and nutritional properties, enhancing texture, flavor, and nutritional value. According to Harvard Business Review, the anticipated growth in food demand is projected to range from 59% to 98% by the year 2050. Therefore, the burgeoning food and beverage industry is a significant factor propelling the growth of the milk protein market.

A notable trend in the milk protein market is product innovation, with major players focusing on technological advancements to enhance competitiveness. For instance, in September 2022, Arla Foods, the Danish-Swedish multinational cooperative and the largest producer of dairy products, introduced Lacprodan ISO - a novel solution for protein bars. This product boasts high-quality protein, low sugar content, and a premium ingredient profile, providing a sugar-free alternative for individuals with digestive sensitivities.

Major players in the milk protein market are investing in technological advancements, such as the fractionation process, to improve competitiveness. Fractionation, a separation process based on differences in physical or chemical properties, is employed to separate a mixture into its component parts. In November 2021, Arla Foods Ingredients, a Denmark-based company specializing in milk-based ingredients, launched a patented milk fractionation process. This innovative method separates milk into its different protein components, bypassing traditional cheese-making processes. The technology allows for a larger potential raw material pool, creates protein streams through a controlled process with fewer steps, and ensures gentler milk processing.

In May 2021, Saputo, a global producer and distributor of various dairy products, acquired the Reedsburg facility of Wisconsin Specialty Protein LLC for $30 million. Through this acquisition, Saputo aims to enhance its international ingredient portfolio and expand production capacity, ultimately improving efficiency. Wisconsin Specialty Protein LLC, based in the US, is a manufacturer of organic cow, sheep, and goat whey protein products.

Major companies operating in the milk protein market report are Royal FrieslandCampina N.V., Fonterra Co-operative Group Limited, Arla Foods amba, Amco Proteins Company., Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group B.V., Lactalis Ingredients, Sachsenmilch Leppersdorf GmbH, Cargill Inc., Archer-Daniels-Midland Company, Omega Protein Corporation, Dean Foods Company, Charotar Casein Company, Danone Nutricia, Hilmar Ingredients, Milk Specialties Global, Idaho Milk Products, Agropur Dairy Cooperative, Carbery Group Limited, Davisco Foods International Inc., Leprino Foods Company, Lactose Limited, Erie Foods International Inc., Grande Custom Ingredients Group, Milkaut S.A., Farbest Brands Inc., Batory Foods Inc., Armor Proteines, Nutrimed Healthcare, Agri-Mark Inc., Arion Dairy Products B.V.

North America was the largest region in the milk protein market share in 2023. The regions covered in the milk protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the milk protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of milk protein include milk protein concentrate, milk protein isolate, milk protein hydrolysates, casein and caseinates, whey protein concentrate, whey protein isolate, and other variations. Milk protein concentrate is a condensed milk product with a high milk protein content, available in both dry and liquid forms. Livestock such as cows, buffalo, and goats contribute to the production of these proteins. Milk proteins are utilized across diverse applications, including dairy products, frozen desserts, infant formula, dietary supplements, bakery items, confectionery, beverages, sweet snacks, savory snacks, and other applications. Distribution channels include both online and offline platforms.

The milk protein market research report is one of a series of new reports that provides milk protein market statistics, including milk protein industry global market size, regional shares, competitors with a milk protein market share, detailed milk protein market segments, market trends and opportunities, and any further data you may need to thrive in the milk protein industry. This milk protein market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.