The global milk protein concentrate powder market is expected to grow at a significant CAGR during the forecast period (2021-2027). Growing demand for milk protein concentrates in ready-to-drink, high-protein dairy-based enteral food and beverage products is a key factor driving the milk protein concentrates market in the future years, as people become more aware of the need of keeping a healthy lifestyle. Furthermore, increased demand for infant formula products, as well as rising consumption of dietary supplements, are key factors driving the market growth. Owing to their excellent nutritional value and low lactose content, milk protein concentrates are commonly employed in the production of infant food products. To ensure product quality, many government agencies such as the World Health Organization (WHO), the Food Safety and Standards Authority of India (FSSAI), and others have set rules for the production of infant food items. For instance, the Food Safety and Standards Authority of India (FSSAI) issued new regulations in 2019 for infant formula for certain medical needs, preterm baby milk substitutes, and lactose-free baby formula.
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As people want to improve their health while avoiding other sources, milk protein concentrate products are gaining popularity in Asia. The region’s population average disposable income is rising, as government investments and money in the food and beverage business is growing significantly. Other key aspects that are projected to aid in the market’s growth in the forecast period include rising awareness about health as a result of rising individual income and increased spending in research that focuses on protein components goods in the region. Furthermore, as a result of their hectic lifestyles and increasing disposable income, growing working-women populations and childbirth rates in nations such as China, Japan, India, and others contribute to an increase in demand for infant formula products. According to a survey conducted by the China Development Research Foundation, 29% of infants in China are effectively nursed in 2019. This, in, turn, is accelerating the market growth in the country.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Fonterra Co-operative Group Ltd., Westland Milk Products, and Glanbia plc, among others.
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Global Milk Protein Concentrate Powder Market Report Segmentation
By Product
• Content 70%
• Content 70%-85%
• Content 85%
By Application
• Dairy Items
• Nutrition Items
• Cheese Items
• Others
Global Milk Protein Concentrate Powder Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
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