Milk Protein Market is expected to reach USD 0528.1 million by Forecast 2030, with a CAGR of 7.12% by 2030

Global Milk Proteins Market

Milk protein is a complex mixture of proteins found in milk, including casein and whey protein. It is a complete protein source, providing all the essential amino acids necessary for human nutrition. Milk protein is widely used in the food industry as an ingredient in various products such as cheese, yogurt, and protein supplements. The global milk protein market is expected to grow due to increasing demand for protein-rich food products, rising health consciousness, and the growing popularity of sports nutrition products. Furthermore, advancements in food processing technologies and increasing investment in research and development activities to create new and innovative milk protein products which drive the market growth during the forecast period. However, factors such as fluctuations in milk prices and concerns over lactose intolerance are anticipated to hinder market growth during the forecast period.

Milk proteins, such as whey and casein, are considered to be high-quality proteins due to their amino acid profile, which makes them ideal for building and repairing muscles, supporting immune function, and promoting overall health. As consumers develop more health-conscious and seek out products that offer functional benefits beyond basic nutrition, there is a growing demand for high-quality protein sources, particularly among athletes, fitness enthusiasts, and individuals looking to maintain a healthy lifestyle. Milk protein products, such as protein powders, bars, and drinks, are popular among these consumer groups because of their high protein content and ease of use. For instance, in November 2021, Lactalis Ingredients launched new high-protein product concepts using pronativ native whey protein and pronativ native micellar casein. Some of the derived concepts are high-protein pudding and high-protein shakes.

Market Synopsis

According to the MRFR analysis, The global milk protein market was valued at USD 12034.7 million in 2022 and is projected to reach USD 20528.1 million by 2030 at a CAGR of 7.12%.

The global milk protein market is segmented by type, form, and application. Based on the type the market is categorized into milk protein concentrate, milk protein isolate, milk protein hydrolysates, casein & caseinates, whey protein concentrate, whey protein isolate, and others. One of the important drivers for the global market is the rising consumer preference for highly nutritive food. Secondly, growing demand for high-quality protein products is expected to create lucrative growth opportunities for players operating in the milk protein market during the forecast period.

COVID-19 Impact on Milk Protein Market

The pandemic has impacted the demand for milk protein in different application areas. While the demand for sports nutrition and infant nutrition has remained strong, the demand for milk protein in the food and beverage industry has declined due to reduced consumer spending and the closure of restaurants and cafes. Thus, the COVID-19 outbreak has had a significant impact on the milk protein market. The COVID-19 outbreak has disrupted the global supply chain, leading to shortages and price fluctuations in raw materials. The closure of borders and transportation restrictions have also affected the import and export of raw materials, leading to supply chain disruptions. Moreover, the pandemic has affected the demand for milk protein in various application areas such as sports nutrition, infant nutrition, and food and beverage industries. While the demand for sports nutrition and infant nutrition has remained strong, the demand for milk protein in the food and beverage industry has declined due to reduced consumer spending and the closure of restaurants and cafes.

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Competitive Landscape

Major market players are trying to inject heavy investment into mergers, acquisitions, and research processes to upsurge their product lines, which will help the milk protein market grow even more. The growth of market players is dependent on market conditions, government support, and industry development. Thus, vendors focus on expanding geographically and improving product quality. One of the main business strategies accepted by manufacturers in the global milk protein industry to benefit clients and expand the milk protein market segment is to build local production houses to reduce operating costs. The vendors should focus on expanding geographically and improving services. Arla Foods amba, Royal Friesland Campina N.V., Fonterra Co-Operative Group Limited, AMCO Proteins, Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group, Groupe Lactalis, and Theo Müller Group are the major companies in the market which compete in terms of availability, quality, price, and technology.

Key Developments & Growth Strategies

Saputo completes the acquisition of Dairy Crest Group plc, a leading British dairy company.

• Glanbia completes the acquisition of Watson, a leading US-based manufacturer and supplier of custom nutrient premixes, bakery ingredients, and nutritional ingredients.


• Kerry Group announces plans to acquire Niacet Corporation, a US-based producer of food safety and preservation solutions, for $1.01 billion.


• Kerry Group announces plans to acquire Biosearch Life, a Spanish biotechnology company focused on research, development, and commercialization of natural extracts.


• Havero Hoogwegt Group announces the acquisition of the business activities of Buisman Ingredients BV, a Dutch-based manufacturer of caramelized milk powders.


• Groupe Lactalis announces the acquisition of the Canadian dairy company, Agropur Cooperative's Canadian Yogurt Division.


• The Nigerian government and the European dairy cooperative Arla Foods have signed a memorandum of understanding to maintain their cooperation and advance the Nigerian dairy industry.


• In order to develop and scale up the synthesis of cell-based proteins utilising precision fermentation, FrieslandCampina Ingredients has partnered with the specialised biotechnology firm Triplebar Bio Inc.


• De Nieuwe Melkboer (The New Milkman) and FrieslandCampina are joining forces are creating a regional chain of plant-based dairy substitutes with a sustainable business strategy for farmers. De Nieuwe Melkboer, an initiative of a FrieslandCampina member, supplies the first soy-based alternatives for milk and yoghurt from Dutch soil. By utilising FrieslandCampina's knowledge and experience, the partnership enables De Nieuwe Melkboer to advance its growth and development.


• The strategic agreement between the New Zealand Exchange (NZX) and the European Energy Exchange (EEX) to jointly acquire an interest in Global Dairy Trade (GDT) with the Co-op has been finalised, according to Fonterra.


• A groundbreaking dairy science collaboration between Fonterra and VitaKey Inc. has been unveiled in an effort to maximise the potential of Fonterra's probiotic strains.


• Arla inaugurated a production plant at Pronsfeld dairy in Germany. The development is Arla's largest dairy investment to date and a crucial component of meeting the expanding global demand for inexpensive, wholesome, and sustainable dairy products.


• In order to help fulfil the rising demand for lactoferrin on a global scale in the markets for infant and adult nutrition, FrieslandCampina Ingredients has announced the inauguration of a new lactoferrin production plant in Veghel, the Netherlands. With the addition of the plant, the company's annual capacity will rise from 20 metric tonnes to 80 metric tonnes.


• Alaska Milk Corporation - part of FrieslandCampina Food & Beverage - in close co-operation with the Philippine Department of Agriculture, the National Dairy Authority, the University of the Philippines Los Baños Dairy Training and Research Institute, and Dutch company CRV, established the Philippine-Netherlands Dairy Excellence Centre.

By Region

1. 
   

   North America: The North American milk protein market is a significant segment of the global milk protein market. North America is a major producer and consumer of milk protein products, with a highly developed dairy industry and a growing population of health-conscious consumers. The market is driven by increasing demand for high-quality protein, growing awareness of the health benefits of milk protein, and a shift towards natural and organic food products.

   
   


2. 
   

   Europe: The Europe milk protein market is highly competitive, with several major players competing for market share. Some of the leading milk protein manufacturers in the region include FrieslandCampina Ingredients, Arla Foods Ingredients, Glanbia Nutritionals, and Nestle, among others. These manufacturers are using various strategies to create new and innovative products, further driving demand for the milk protein market.

   
   


3. 
   

   Asia-Pacific: The Asia-Pacific milk protein market is expected to experience significant growth due to several factors, including a rising population, increasing disposable incomes, and growing health consciousness among consumers. The growing demand for protein supplements and sports nutrition products is one of the key drivers of the milk protein market in the region.

   
   


4. 
   

   Rest of the World: The milk protein market in the rest of the world (ROW) region, which includes countries in Latin America, the Middle East, and Africa, is expected to grow steadily in the coming years. The market is driven by increasing awareness of the health benefits of protein consumption, rising disposable incomes, and the growing demand for functional foods and supplements.