Milk Protein Market Research Report - Global Forecast till 2027

Global Milk Protein Market: Information by Type (Milk Protein Concentrate [MPC], Milk Protein Isolate [MPI], Milk Protein Hydrolysates [MPH], Casein & Caseinates, Whey Protein Concentrate [WPC], Whey Protein Isolate [WPI] and others), Form (Dry and Liquid), Application (Dairy Products & Frozen Desserts [Cheese, Yogurt, Ice Cream and others], Infant Formula, Dietary Supplements, Bakery & Confectionery, Beverages, Sweet & Savory Snacks and others) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027

ID: MRFR/F-B & N/1707-CR | February 2021 | Region: Global | 150 pages

Market Overview


The global milk protein market grew at a CAGR of 6.1%. This is expected to continue at least until the end of 2025. It could even continue until the end of 2027. The market is expected to be worth US $5,039.9 million by then.


Concentrated milk is rich in protein because these are isolated and then enhanced before being added to powdered milk. The milk proteins are isolates and concentrates (hydrolysates.) Many people, especially young kids, are encouraged to drink more milk - primarily to increase their daily calcium intake. Calcium is the main ingredient for strong and healthy bones.


COVID-19 analysis


The COVID-19 virus was the latest gift to the world from China. COVID-19 first made the headlines of major and minor global publications in March of 2020. Since it could be dangerous for some and deadly for a handful of the people who contracted it, governments responded by imposing quarantines and lockdowns. Many industries were forced to either shut down or temporarily halt operations. Many other industries suffered as a result.


The companies in the global milk protein market were hit hard by COVID-19 and the aftermath. They found that their operations were limited. They also found it hard to easily procure the ingredients needed to make concentrated milk at affordable prices. These manufacturers were forced to pass the extra costs onto the end consumers in the form of higher prices.


Market Dynamics


Drivers


One of the main drivers of growth in the global Milk protein market is the growing awareness and desire for people around the world to be and stay healthy by eating healthily. This is especially true for young millennials (this demographic group comprises the majority of populations in developing nations where demand for concentrated milk tends to be higher.)


In developed nations, people hunger for nutrition enriched foods. This requires the usage of milk concentrates. The growth in sales for these types of foods has been another key driver in the Milk protein market.


Opportunities


The increased demand for healthy foods that need milk concentrates to be produced is encouraging manufacturers of milk protein concentrate ingredients to invest heavily in research and development. The objective is to try to develop a new generation of milk protein concentrates that are delicious and nutrient-rich.


Restraints


Many people around the world, especially in developed nations but even in developing ones, hunger for vegan-based foods. They also want foods that are purely vegetarian. As a result, these people are trying to avoid foods that use milk concentrates. Unfortunately, for the global Milk protein market, this market segment is growing rather quickly. This is hampering the potential growth in the milk protein concentrate market.


Challenges


One key challenge that manufacturers in the global Milk protein market face lies in promoting the health benefits of foods that contain milk protein concentrates to the growing vegan and vegetarian segments around the world. The CAGR for the market and sales will be much higher in the future if these manufacturers can successfully overcome this challenge.


Cumulative Growth Analysis


The overall CAGR for the Milk protein market is projected to be 6.1% for the next four years. The market is expected to be worth the US $5,039.9 million by then.


Technology analysis


Amco Proteins is a major American player in the Milk protein market. It has continued to retain its superior market position through innovation through intensive and extensive research and development. Amco Proteins has successfully developed and is marketing a new generation of products that are more nutritious. They are also safer for people with milk allergies.


One such innovation is Instant Micellar Casein. This contains 84% milk protein ingredients even though it’s made out of sunflower lecithin. The fact that this product has a high milk protein content makes it delicious and safe for anyone to consume. This is the reason why those who make foods for athletes are increasingly choosing to incorporate them.


Manufacturers are increasingly incorporating Instant Micellar Casein into cereal bars, cereals, and cereal snacks. They are also using it as a thickener and flavor enhancer for gravies, various sauces, and soups. You’ll find Instant Micellar Caesin in foods that are intended to give athletes and those with severe health/medical problems more nutrition.


Segment Overview


By Type


The global Milk protein market is separated into the following types:



  • Milk protein concentrate

  • Milk protein hydrolysates

  • Casein and caseinates

  • Whey protein concentrates

  • Whey protein isolates

  • Other milk proteins


Of all of the types of milk proteins, whey protein concentrate was used the most extensively in food products. Approximately 29% of milk protein concentrate sales were of whey protein concentrate.


By Form


The milk protein market can be categorized into the following milk protein ingredient forms:



  • Dry powder

  • Liquid


The dry powder segment has traditionally been more popular. However, the liquid segment is growing rapidly.


By Application


Milk protein concentrate ingredients have many uses. They have been categorized into the following:



  • Dairy products and frozen desserts

  • Infant formula

  • Dietary supplements

  • Bakery and confectionary

  • Beverages

  • Sweet and savory food 


The dairy products and frozen desserts category is special because it can be further broken down into the following segments:



  • Cheese

  • Yogurt

  • Ice cream

  • Others


Infant formula is becoming more popular as more and more women around the world find that they are too busy for breastfeeding. This segment alone is expected to register a CAGR of 6.6% until at least the end of 2025.


By Region


There are four segments for the Milk protein market. These are North America, the European Union, the Asia-Pacific region, and the rest of the world. The European Union has historically had the highest market share. This is because Europeans and their governments are very health conscious. The market in this region alone is expected to be worth US $1,675.1 million at the end of 2025. A major contributor to milk protein market growth in the European Union is Germany. Sales of these products were and continue to be the highest there.


The Asia-Pacific region may be lagging in terms of sales and usage of milk protein concentrate products. However, the explosion of the middle classes in both India and China and their growing wealth may be changing this. It’s largely due to the fact that the middle classes in these countries want to imitate the diets of their Western counterparts that this region is expected to register the highest CAGR until the end of 2025. But it’s not just the middle classes who hunger for these products. The governments in these nations have made a greater effort to emphasize better nutrition for the masses, especially for young children. They have encouraged food manufacturers and agro producers to add milk protein powders to foods.


This has two benefits. It makes the foods tastier. Therefore, it encourages people to eat these types of foods more often. It also makes the foods healthier. This is key since a large percentage of children under age five are malnourished, especially in India.


Competitive landscape


The milk protein market is very lucrative. This is what is motivating many companies to enter the market. It’s also encouraging established players to increase their presence in existing and new markets through more sales. All sorts of companies are finding that they have to invest heavily in research and development in order to develop innovative new products that are technologically and nutritionally superior to their predecessors. They are also working hard to ensure that these products are tasty and that they enhance the taste of the foods that they are incorporated into.


But this is not enough and takes time to do. So companies are thinking strategically. They are entering into partnerships in an attempt to enter into new markets. They are also merging with existing companies that are either in new markets or have a solid market position and share in existing ones. They are acquiring new companies that have a solid market position and share in existing markets and have a strong presence and customer base in new markets.


Amco Proteins is a major American player. It’s retaining its position by investing heavily in research and development. In fact, it’s somewhat of an industry leader in terms of bringing newer products that are tastier and more nutritious to market. One of its most recent product innovations is Instant MPC 80.


List of companies



  • Royal FrieslandCampina N.V. (Netherlands),

  • Fonterra Co-Operative Group Limited (New Zealand),

  • Arla Foods amba (Denmark),

  • AMCO Proteins (US),

  • Saputo Inc. (Canada),

  • Glanbia plc (Ireland),

  • Kerry Group plc (Ireland),

  • Havero Hoogwegt Group (Netherlands),

  • Groupe Lactalis (France), and

  • Theo Müller Group (Germany).


 


Recent developments



  • Amco proteins are entering into the whey proteins market in a big way


Report overview


The global Milk protein market is registering a moderate CAGR of slightly more than 6% a year. The demand for more nutritious products that are enhanced with a wide variety of proteins that are found in milk is driving this growth. Modest growth is expected to continue until at least the end of 2025. However, this market is very lucrative. That’s why it’s attracting many key players. Companies are retaining their market positions and shares through research and development in the quest to develop more innovative products, mergers, acquisitions, and joint ventures.



Frequently Asked Questions (FAQ) :


1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS 17

1.1.1 GLOBAL MILK PROTEIN MARKET, BY TYPE 18

1.1.2 GLOBAL MILK PROTEIN MARKET, BY FORM 19

1.1.3 GLOBAL MILK PROTEIN MARKET, BY APPLICATION 20

1.1.4 GLOBAL MILK PROTEIN MARKET, BY REGION 21

2 MARKET INTRODUCTION

2.1 DEFINITION 22

2.2 SCOPE OF THE STUDY 22

2.3 RESEARCH OBJECTIVE 22

2.4 MARKET STRUCTURE 23

2.5 KEY BUYING CRITERIA 23

3 RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS 24

3.2 PRIMARY RESEARCH 25

3.3 SECONDARY RESEARCH 26

3.4 MARKET SIZE ESTIMATION 26

3.5 FORECAST MODEL 28

3.6 LIST OF ASSUMPTIONS 29

4 MARKET INSIGHTS

5 MARKET DYNAMICS

5.1 INTRODUCTION 32

5.2 DRIVERS 33

5.2.1 INCREASE IN HEALTH CONSCIOUSNESS 33

5.2.2 RISE IN DEMAND FOR NUTRITION-RICH PRODUCTS IN THE DIETARY SUPPLEMENT SEGMENT 33

5.2.3 DRIVERS IMPACT ANALYSIS 34

5.3 RESTRAINTS 34

5.3.1 INCREASE IN CONSUMER PREFERENCE FOR VEGAN AND PLANT-BASED PROTEIN PRODUCTS 34

5.3.2 RISE IN INCIDENCES OF LACTOSE INTOLERANCE 34

5.3.3 RESTRAINTS IMPACT ANALYSIS 35

5.4 OPPORTUNITIES 35

5.4.1 WIDENING APPLICATION SCOPE 35

5.4.2 NEW REVENUE POCKETS IN EMERGING ECONOMIES 35

5.5 CHALLENGE 36

5.5.1 FLUCTUATING RAW MATERIAL PRICES 36

6 MARKET FACTOR ANALYSIS

6.1 VALUE CHAIN ANALYSIS 37

6.1.1 RAW MATERIAL PROCUREMENT 38

6.1.2 PROCESSING 38

6.1.3 PACKAGING 38

6.2 SUPPLY CHAIN ANALYSIS 39

6.3 PORTER’S FIVE FORCES MODEL 40

6.3.1 THREAT OF NEW ENTRANTS 41

6.3.2 BARGAINING POWER OF SUPPLIERS 41

6.3.3 BARGAINING POWER OF BUYERS 41

6.3.4 THREAT OF SUBSTITUTES 41

6.3.5 INTENSITY OF RIVALRY 41

7 MILK PROTEIN MARKET, BY PRODUCT TYPE

7.1 OVERVIEW 42

7.1.1 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2027 43

7.2 MILK PROTEIN CONCENTRATE (MPC) 43

7.2.1 MILK PROTEIN CONCENTRATE (MPC): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 43

7.3 MILK PROTEIN ISOLATE (MPI) 44

7.3.1 MILK PROTEIN ISOLATE (MPI): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 44

7.4 MILK PROTEIN HYDROLYSATES (MPH) 45

7.4.1 MILK PROTEIN HYDROLYSATES (MPH): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 45

7.5 CASEIN & CASEINATES 45

7.5.1 CASEIN & CASEINATES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 45

7.6 WHEY PROTEIN CONCENTRATE (WPC) 46

7.6.1 WHEY PROTEIN CONCENTRATE (WPC): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 46

7.7 WHEY PROTEIN ISOLATE (WPI) 46

7.7.1 WHEY PROTEIN ISOLATE (WPI): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 46

7.8 OTHERS 47

7.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 47

8 MILK PROTEIN MARKET, BY FORM

8.1 OVERVIEW 48

8.1.1 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY FORM, 2020-2027 49

8.2 DRY 49

8.2.1 DRY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 49

8.3 LIQUID 50

8.3.1 LIQUID: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 50

9 MILK PROTEIN MARKET, BY APPLICATION

9.1 OVERVIEW 51

9.1.1 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2027 52

9.2 DAIRY PRODUCTS & FROZEN DESSERTS 53

9.2.1 DAIRY PRODUCTS & FROZEN DESSERTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 53

9.2.2 CHEESE 53

9.2.3 CHEESE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 53

9.2.4 YOGURT 54

9.2.5 YOGURT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 54

9.2.6 ICE CREAM 55

9.2.7 ICE CREAM: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 55

9.2.8 OTHERS 55

9.2.9 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 55

9.3 INFANT FORMULA 56

9.3.1 INFANT FORMULA: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 56

9.4 DIETARY SUPPLEMENTS 56

9.4.1 DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 56

9.5 BAKERY & CONFECTIONERY 57

9.5.1 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 57

9.6 BEVERAGES 58

9.6.1 BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 58

9.7 SWEET & SAVORY SNACKS 58

9.7.1 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 59

9.8 OTHERS 59

9.8.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 59

10 GLOBAL MILK PROTEIN MARKET, BY REGION

10.1 OVERVIEW 60

10.1.1 GLOBAL: MILK PROTEIN MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 61

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.2 NORTH AMERICA 62

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.2.1 US 65

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.2.2 CANADA 67

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.2.3 MEXICO 69

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3 EUROPE 71

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.1 GERMANY 74

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.2 UK 76

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.3 FRANCE 78

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.4 ITALY 80

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.5 SPAIN 82

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.3.6 REST OF EUROPE 84

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4 ASIA-PACIFIC 86

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4.1 JAPAN 89

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4.2 CHINA 91

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4.3 INDIA 93

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4.4 AUSTRALIA & NEW ZEALAND 95

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.4.5 REST OF ASIA-PACIFIC 97

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.5 REST OF THE WORLD 99

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.5.1 SOUTH AMERICA 102

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.5.2 MIDDLE EAST 104

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

10.5.3 AFRICA 106

MILK PROTEIN MARKET, BY PRODUCT TYPE

MILK PROTEIN MARKET, BY FORM

MILK PROTEIN MARKET, BY APPLICATION

11 COMPETITIVE LANDSCAPE

11.1 COMPETITIVE OVERVIEW 108

11.2 COMPETITIVE BENCHMARKING 109

11.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 110

11.3.1 PRODUCT LAUNCHES 110

11.3.2 EXPANSIONS 110

11.3.3 ACQUISITIONS 111

11.3.4 PARTNERSHIPS 111

11.3.5 JOINT VENTURES 111

12 COMPANY PROFILES

12.1 ROYAL FRIESLANDCAMPINA N.V. 112

12.1.1 COMPANY OVERVIEW 112

12.1.2 FINANCIAL OVERVIEW 113

12.1.3 PRODUCTS OFFERED 114

12.1.4 KEY DEVELOPMENTS 115

12.1.5 SWOT ANALYSIS 116

12.1.6 KEY STRATEGIES 116

12.2 FONTERRA CO-OPERATIVE GROUP LIMITED 117

12.2.1 COMPANY OVERVIEW 117

12.2.2 FINANCIAL OVERVIEW 118

12.2.3 PRODUCTS OFFERED 119

12.2.4 KEY DEVELOPMENTS 120

12.2.5 SWOT ANALYSIS 120

12.2.6 KEY STRATEGIES 121

12.3 ARLA FOODS AMBA 122

12.3.1 COMPANY OVERVIEW 122

12.3.2 FINANCIAL OVERVIEW 123

12.3.3 PRODUCTS OFFERED 124

12.3.4 KEY DEVELOPMENTS 124

12.3.5 SWOT ANALYSIS 125

12.3.6 KEY STRATEGIES 126

12.4 AMCO PROTEINS 127

12.4.1 COMPANY OVERVIEW 127

12.4.2 FINANCIAL OVERVIEW 127

12.4.3 PRODUCTS OFFERED 127

12.4.4 KEY DEVELOPMENTS 128

12.4.5 SWOT ANALYSIS 129

12.4.6 KEY STRATEGIES 129

12.5 SAPUTO INC. 130

12.5.1 COMPANY OVERVIEW 130

12.5.2 FINANCIAL OVERVIEW 131

12.5.3 PRODUCTS OFFERED 131

12.5.4 KEY DEVELOPMENTS 132

12.5.5 SWOT ANALYSIS 132

12.5.6 KEY STRATEGIES 133

12.6 GLANBIA PLC 134

12.6.1 COMPANY OVERVIEW 134

12.6.2 FINANCIAL OVERVIEW 135

12.6.3 PRODUCTS OFFERED 136

12.6.4 KEY DEVELOPMENTS 136

12.6.5 SWOT ANALYSIS 137

12.6.6 KEY STRATEGIES 137

12.7 KERRY GROUP PLC 138

12.7.1 COMPANY OVERVIEW 138

12.7.2 FINANCIAL OVERVIEW 138

12.7.3 PRODUCTS OFFERED 139

12.7.4 KEY DEVELOPMENTS 139

12.7.5 SWOT ANALYSIS 140

12.7.6 KEY STRATEGIES 140

12.8 HAVERO HOOGWEWT GROUP 141

12.8.1 COMPANY OVERVIEW 141

12.8.2 FINANCIAL OVERVIEW 141

12.8.3 PRODUCTS OFFERED 141

12.8.4 KEY DEVELOPMENTS 142

12.8.5 SWOT ANALYSIS 143

12.8.6 KEY STRATEGIES 143

12.9 GROUPE LACTALIS 144

12.9.1 COMPANY OVERVIEW 144

12.9.2 FINANCIAL OVERVIEW 144

12.9.3 PRODUCTS OFFERED 144

12.9.4 KEY DEVELOPMENTS 145

12.9.5 SWOT ANALYSIS 146

12.9.6 KEY STRATEGIES 146

12.10 THEO MÜLLER GROUP 147

12.10.1 COMPANY OVERVIEW 147

12.10.2 FINANCIAL OVERVIEW 147

12.10.3 PRODUCTS OFFERED 147

12.10.4 KEY DEVELOPMENTS 147

12.10.5 SWOT ANALYSIS 148

12.10.6 KEY STRATEGIES 148

13 APPENDIX

13.1 REFERENCES 149

14 LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 25

TABLE 2 LIST OF ASSUMPTIONS 29

TABLE 3 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY TYPE, 2020-2027 (USD MILLION) 43

TABLE 4 MILK PROTEIN CONCENTRATE (MPC): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 43

TABLE 5 MILK PROTEIN ISOLATE (MPI): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 44

TABLE 6 MILK PROTEIN HYDROLYSATES (MPH): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 7 CASEIN & CASEINATES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 45

TABLE 8 WHEY PROTEIN CONCENTRATE (WPC): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 46

TABLE 9 WHEY PROTEIN ISOLATE (WPI): MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 46

TABLE 10 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 47

TABLE 11 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY FORM, 2020-2027 (USD MILLION) 49

TABLE 12 DRY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 49

TABLE 13 LIQUID: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 50

TABLE 14 GLOBAL MILK PROTEIN MARKET ESTIMATES & FORECAST, BY APPLICATION, 2020-2027 (USD MILLION) 52

TABLE 15 DAIRY PRODUCTS & FROZEN DESSERTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 53

TABLE 16 CHEESE: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 53

TABLE 17 YOGURT: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 54

TABLE 18 ICE CREAM: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 55

TABLE 19 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 55

TABLE 20 INFANT FORMULA: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 56

TABLE 21 DIETARY SUPPLEMENTS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 56

TABLE 22 BAKERY & CONFECTIONERY: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 57

TABLE 23 BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 58

TABLE 24 SWEET & SAVORY SNACKS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 59

TABLE 25 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 59

TABLE 26 GLOBAL: MILK PROTEIN MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 61

TABLE 27 NORTH AMERICA: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 62

TABLE 28 NORTH AMERICA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 63

TABLE 29 NORTH AMERICA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 63

TABLE 30 NORTH AMERICA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 64

TABLE 31 US: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 65

TABLE 32 US: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 65

TABLE 33 US: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 66

TABLE 34 CANADA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 67

TABLE 35 CANADA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 67

TABLE 36 CANADA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 68

TABLE 37 MEXICO: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 69

TABLE 38 MEXICO: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 69

TABLE 39 MEXICO: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 70

TABLE 40 EUROPE: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 71

TABLE 41 EUROPE: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 72

TABLE 42 EUROPE: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 72

TABLE 43 EUROPE: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 73

TABLE 44 GERMANY: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 74

TABLE 45 GERMANY: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 74

TABLE 46 GERMANY: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 75

TABLE 47 UK: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 76

TABLE 48 UK: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 76

TABLE 49 UK: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 77

TABLE 50 FRANCE: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 78

TABLE 51 FRANCE: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 78

TABLE 52 FRANCE: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 79

TABLE 53 ITALY: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 80

TABLE 54 ITALY: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 80

TABLE 55 ITALY: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 81

TABLE 56 SPAIN: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 82

TABLE 57 SPAIN: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 82

TABLE 58 SPAIN: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 83

TABLE 59 REST OF EUROPE: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 84

TABLE 60 REST OF EUROPE: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 84

TABLE 61 REST OF EUROPE: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 85

TABLE 62 ASIA-PACIFIC: MARKET ESTIMATES & FORECAST, BY COUNTRY, 2020-2027 (USD MILLION) 86

TABLE 63 ASIA-PACIFIC: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 87

TABLE 64 ASIA-PACIFIC: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 87

TABLE 65 ASIA-PACIFIC: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 88

TABLE 66 JAPAN: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 89

TABLE 67 JAPAN: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 89

TABLE 68 JAPAN: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 90

TABLE 69 CHINA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 91

TABLE 70 CHINA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 91

TABLE 71 CHINA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 92

TABLE 72 INDIA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 93

TABLE 73 INDIA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 93

TABLE 74 INDIA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 94

TABLE 75 AUSTRALIA & NEW ZEALAND: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 95

TABLE 76 AUSTRALIA & NEW ZEALAND: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 95

TABLE 77 AUSTRALIA & NEW ZEALAND: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 96

TABLE 78 REST OF ASIA-PACIFIC: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 97

TABLE 79 REST OF ASIA-PACIFIC: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 97

TABLE 80 REST OF ASIA-PACIFIC: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 98

TABLE 81 REST OF THE WORLD: MARKET ESTIMATES & FORECAST, BY REGION, 2020-2027 (USD MILLION) 99

TABLE 82 REST OF THE WORLD: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 100

TABLE 83 REST OF THE WORLD: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 100

TABLE 84 REST OF THE WORLD: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 101

TABLE 85 SOUTH AMERICA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 102

TABLE 86 SOUTH AMERICA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 102

TABLE 87 SOUTH AMERICA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 103

TABLE 88 MIDDLE EAST: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 104

TABLE 89 MIDDLE EAST: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 104

TABLE 90 MIDDLE EAST: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 105

TABLE 91 AFRICA: MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 106

TABLE 92 AFRICA: MILK PROTEIN MARKET, BY FORM, 2020-2027 (USD MILLION) 106

TABLE 93 AFRICA: MILK PROTEIN MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 107

TABLE 94 PRODUCT LAUNCHES 110

TABLE 95 EXPANSIONS 110

TABLE 96 ACQUISITIONS 111

TABLE 97 PARTNERSHIPS 111

TABLE 98 JOINT VENTURES 111

TABLE 99 ROYAL FRIESLANDCAMPINA N.V.: PRODUCTS OFFERED 114

TABLE 100 ROYAL FRIESLANDCAMPINA N.V.: KEY DEVELOPMENTS 115

TABLE 101 FONTERRA CO-OPERATIVE GROUP LIMITED: PRODUCTS OFFERED 119

TABLE 102 FONTERRA CO-OPERATIVE GROUP LIMITED: KEY DEVELOPMENTS 120

TABLE 103 ARLA FOODS AMBA: PRODUCTS OFFERED 124

TABLE 104 ARLA FOODS AMBA: KEY DEVELOPMENTS 124

TABLE 105 AMCO PROTEINS: PRODUCTS OFFERED 127

TABLE 106 SAPUTO INC.: PRODUCTS OFFERED 131

TABLE 107 SAPUTO INC.: KEY DEVELOPMENTS 132

TABLE 108 GLANBIA PLC: PRODUCTS OFFERED 136

TABLE 109 KERRY GROUP PLC: PRODUCTS OFFERED 139

TABLE 110 HAVERO HOOGWEWT GROUP: PRODUCTS OFFERED 141

TABLE 111 HAVERO HOOGWEWT GROUP: KEY DEVELOPMENTS 142

TABLE 112 GROUPE LACTALIS: PRODUCTS OFFERED 144

TABLE 113 GROUPE LACTALIS: KEY DEVELOPMENTS 145

TABLE 114 THE THEO MÜLLER GROUP: PRODUCTS OFFERED 147

15 LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 16

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL MILK PROTEIN MARKET, 2020 17

FIGURE 3 GLOBAL MILK PROTEIN MARKET ANALYSIS, BY TYPE 18

FIGURE 4 GLOBAL MILK PROTEIN MARKET ANALYSIS, BY FORM 19

FIGURE 5 GLOBAL MILK PROTEIN MARKET ANALYSIS, BY APPLICATION 20

FIGURE 6 GLOBAL MILK PROTEIN MARKET ANALYSIS, BY REGION, 2020 21

FIGURE 7 GLOBAL MILK PROTEIN MARKET: STRUCTURE 23

FIGURE 8 KEY BUYING CRITERIA FOR MILK PROTEIN 23

FIGURE 9 RESEARCH PROCESS 24

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 27

FIGURE 11 NORTH AMERICA: MILK PROTEIN MARKET SIZE, BY COUNTRY (2020-2027) 30

FIGURE 12 EUROPE: MILK PROTEIN MARKET SIZE, BY COUNTRY (2020-2027) 30

FIGURE 13 ASIA-PACIFIC: MILK PROTEIN MARKET SIZE, BY COUNTRY (2020-2027) 31

FIGURE 14 REST OF THE WORLD: MILK PROTEIN MARKET SIZE, BY COUNTRY (2020-2027) 31

FIGURE 15 MARKET DYNAMICS OVERVIEW 32

FIGURE 16 DRIVERS IMPACT ANALYSIS: GLOBAL MILK PROTEIN MARKET 34

FIGURE 17 RESTRAINTS IMPACT ANALYSIS: GLOBAL MILK PROTEIN MARKET 35

FIGURE 18 FARM-GATE MILK PRICES OVERVIEW: (USD/100 KG), (2020-2027) 36

FIGURE 19 GLOBAL MILK PROTEIN MARKET: VALUE CHAIN 37

FIGURE 20 GLOBAL MILK PROTEIN MARKET: SUPPLY CHAIN 39

FIGURE 22 GLOBAL MILK PROTEIN MARKET, BY TYPE, 2020 (% SHARE) 42

FIGURE 23 GLOBAL MILK PROTEIN MARKET, BY TYPE, 2020-2027 (USD MILLION) 42

FIGURE 24 GLOBAL MILK PROTEIN MARKET SHARE, BY FORM, 2020 (% SHARE) 48

FIGURE 25 GLOBAL MILK PROTEIN MARKET SIZE, BY FORM, 2020-2027 (USD MILLION) 48

FIGURE 26 GLOBAL MILK PROTEIN MARKET SHARE, BY APPLICATION, 2020 (% SHARE) 51

FIGURE 27 GLOBAL MILK PROTEIN MARKET SIZE, BY APPLICATION, 2020-2027 (USD MILLION) 51

FIGURE 28 GLOBAL YOGURT MARKET OVERVIEW IN THE YEAR 2020 54

FIGURE 29 GLOBAL MILK PROTEIN MARKET, BY REGION, 2020-2027 (USD MILLION) 60

FIGURE 30 GLOBAL MILK PROTEIN MARKET, BY REGION, 2020 (% SHARE) 61

FIGURE 31 NORTH AMERICA: MILK PROTEIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 62

FIGURE 32 EUROPE: MILK PROTEIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 71

FIGURE 33 ASIA-PACIFIC: MILK PROTEIN MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 86

FIGURE 34 REST OF THE WORLD: MILK PROTEIN MARKET SHARE, BY REGION, 2020 (% SHARE) 99

FIGURE 35 BENCHMARKING OF MAJOR COMPETITORS 109

FIGURE 36 ROYAL FRIESLANDCAMPINA N.V.: FINANCIAL OVERVIEW SNAPSHOT 113

FIGURE 37 ROYAL FRIESLANDCAMPINA N.V.: SWOT ANALYSIS 116

FIGURE 38 FONTERRA CO-OPERATIVE GROUP LIMITED: FINANCIAL OVERVIEW SNAPSHOT 118

FIGURE 39 FONTERRA CO-OPERATIVE GROUP LIMITED: SWOT ANALYSIS 120

FIGURE 40 ARLA FOODS AMBA: FINANCIAL OVERVIEW SNAPSHOT 123

FIGURE 41 ARLA FOODS AMBA: SWOT ANALYSIS 125

FIGURE 42 AMCO PROTEINS: SWOT ANALYSIS 129

FIGURE 43 SAPUTO INC.: FINANCIAL OVERVIEW SNAPSHOT 131

FIGURE 44 SAPUTO INC.: SWOT ANALYSIS 132

FIGURE 45 GLANBIA PLC: FINANCIAL OVERVIEW SNAPSHOT 135

FIGURE 46 GLANBIA PLC: SWOT ANALYSIS 137

FIGURE 47 KERRY GROUP PLC: FINANCIAL OVERVIEW SNAPSHOT 138

FIGURE 48 KERRY GROUP PLC: SWOT ANALYSIS 140

FIGURE 49 HAVERO HOOGWEWT GROUP: SWOT ANALYSIS 143

FIGURE 50 GROUPE LACTALIS: SWOT ANALYSIS 146

FIGURE 51 THE THEO MÜLLER GROUP: SWOT ANALYSIS 148