Milk Protein Market

Global Milk Protein Market Snapshot from 2024 to 2034

The growing milk protein brand investment opportunities provide a broader competitive landscape for the global market, navigating it through 2034 at a sluggish CAGR of 3.3%. The milk protein market size will increase from USD 11.83 billion to USD 16.34 billion in the next decade.

Attributes	Key Insights
Estimated Market Size in 2024	USD 11.83 billion
Projected Market Value in 2034	USD 16.34 billion
Value-based CAGR from 2024 to 2034	3.3%

Trends in Milk Protein Applications

• The growing consumer awareness regarding physical fitness will likely surge the demand for protein consumables, in which milk protein is a key product. These demand-side trends provide lucrative growth prospects for the milk protein market. Also, young adults are driven by the demand for muscle toning. Hence, this is a key market trend.
• A key trend in milk protein application includes using milk protein compounds for personalized nutrition. Formulated protein compounds will be crucial in designing an individual’s diet plan. The problem of the plant-based vs. milk protein ingredients can be resolved based on the physical attributes of an individual.
• The milk compounds will likely gain a broader landscape to govern the milk protein market forecast. The functional food range will likely include milk protein compounds as a main ingredient. The high nutritional value of milk protein compounds will be a key trend in milk protein application.

Demand-side Trend Analysis of Milk Protein Market from 2019 to 2023 vs. Outlook from 2024 to 2034

The global milk protein market grew sluggishly at a CAGR of 3.05%, elevating the market size from USD 8.94 billion in 2019.

The demand-side trends in health-related product segments surged during the historical period as consumers started inclining toward protein-rich and healthy diet choices. Due to this, lucrative opportunities were created for the leading milk protein manufacturers, driving the market.

The abovementioned factor was coupled with a fitness-oriented approach amidst the pandemic, increasing demand for milk protein compounds in retail and general stores. This surged the supply-side trends in the market.

Historical CAGR from 2019 to 2023	3.05%
Forecast CAGR from 2024 to 2034	3.3%

The growing importance of the fitness industry will likely support leading milk protein manufacturers to produce high-quality products. The rising consumer knowledge regarding dietary plans and health-related consumables will increase market growth opportunities.

Technological advancements will enhance the shelf-life of milk protein products. Due to this, product placement in retail outlets will likely gain market growth prospects for the milk protein market.

Milk Protein Market Forecast

Growth Drivers for the Milk Protein Market

• The impact of health and wellness trends on milk protein demand is creating assertive results for the milk protein market. The rising concern about one’s health is driving the subject market growth.
• The use of milk protein in bakery and confectionery products is increasing, which is one of the key growth drivers for the milk protein market.
• The milk protein market forecast suggests that the therapeutic value of milk protein compounds will elevate the market size. Due to the growing technological framework, various R&D activities are flourishing, assisting the healthcare sector in integrating milk protein products into treatments.
• The growing prevalence of lactose intolerance is fueling the milk protein market growth. Milk protein provides an appropriate alternative to traditional products. So, this is an assertive impact of lactose intolerance on milk protein consumption.

Challenges in the Milk Protein Production

• Supply chain disruptions and their impact on milk protein availability were adverse during the historical period. Moreover, many current geopolitical issues affect the supply chain, affecting the distribution of products, which is a key challenge.
• Ethical procurement of milk-based proteins might be another concern for the milk protein market growth.

Country-wise Analysis

The Asia-Pacific’s competitive landscape for the milk protein market is diverse due to the region's wide range of markets. Moreover, more milk protein brand investment opportunities are created due to the lucrative market growth.

Supply-side trends in Europe’s food and beverage industry suggest that milk and milk-related products are supplied to various sectors, extracting more market growth prospects. Hence, it is a key market contributor.

North America has a huge milk processing market, enhancing investment opportunities in different market verticals. Therefore, the region is an essential market contributor.

Forecast CAGRs from 2024 to 2034

Countries	Forecasted CAGR
The United States of America	3.2%
Germany	4.3%
China	4.9%
Japan	5.4%
India	6.7%

Specialized Dietary Solutions Enhance the Milk Powder Market’s Demand-Side Trends in the United States

The milk protein market size in the United States is governed by various key markets, including the growing sports nutrition market. Also, the growing consumer awareness regarding physical fitness drives them to specialized dietary solutions.

These trends in milk protein applications drive the subject market. Thus, these demand-side trends in the United States of America will lift the milk protein market size at a CAGR of 3.2%.

Growth in the Dairy Industry in Germany Assists Leading Milk Protein Manufacturers

Germany leads the European market in terms of its advancement rate. The milk protein market size will likely progress at a CAGR of 4.3%. The growing dairy farming industry vastly governs Germany's milk protein market growth.

Also, technological advancement assists the procurement of milk, helping the market progress. Hence, these are growth drivers for the milk protein market.

Growing Number of Infants in China Enhances Demand-Side Trends in the Milk Protein Market

China will likely experience a surge in infant nutrition products due to the growing infant formula market. Trends in milk protein applications suggest that milk protein is an essential ingredient in infant nutritional products.

Hence, it assists the growing milk protein market size. Due to such demand-side trends, the Chinese milk protein market will grow at a CAGR of 4.9%.

Japan Focuses on Supply-Side Trends of Age-Specific Nutritional Compounds Fueling the Milk Protein Market Growth

Demographic shift in Japan surges the demand for customer-tailored nutritional compounds. The rising geriatric population requires age-specific milk protein compounds, which govern Japan's milk protein market forecast.

Apart from this, applications of milk protein include muscle toning and bone strengthening among Japan’s geriatric population. Therefore, the Japanese milk protein market is subjected to these supply-side trends, fueling its moderate progress at a CAGR of 5.4%.

Rising Supply-Side Trends for Protein Supplements Boost the Indian Milk Protein market Size

India leads the global milk protein market in terms of its advancement rate, registering a CAGR of 6.7%. The impact of health and wellness trends on milk protein demand is greater in India as the population is keen on their health.

Milk protein is sought as a rich source of dietary protein, vital applications of milk protein. Therefore, this causes milk protein market growth in India.

Category-wise Insights

Category	Product Type (Concentrates)
Market Share in 2024	32.1%
Market Segment Drivers	The escalating demand-side trends for high-quality protein increase the demand for concentrated protein. The growing awareness about physical fitness seeks protein-rich compounds, surging the supply-side trend in the protein market. Hence, these are the key market segment drivers.

Category	Form (Powder)
Market Share in 2024	30.3%
Market Segment Drivers	Leading milk protein manufacturers produce powdered milk compounds to meet demand-side trends for better storage. The growing demand for on-the-go food is fueling supply-side trends. The rising need for convenience food drives the market growth. Hence, these are the segment drivers.

Competitive Landscape of the Milk Protein Market

Due to the widened scope of investments in milk protein brands, organizational cash flow elevates innovation standards in enterprises. Due to this, leading milk protein manufacturers can penetrate the market effectively, widening the milk protein market’s competitive landscape. Also, investment opportunities grow in the market.

The bargaining power of new entrants is decent as they can negotiate the milk protein market space through augmented products. However, leading milk protein manufacturers adopt market expansion mode giving them a substantial competitive niche over new entrants. These strategies include acquisitions, mergers, collaborations, partnerships, and product development.

Key Market Developments

• In February 2023, Saputo Inc. aimed to invest in the United States of America to optimize its network. The business aims to construct a state-of-the-art cut-and-wrap facility in Franklin, Wisconsin. This will not only help the organization expand in the market but will also create 600 job openings.
• In March 2024, Cargill, Inc. expanded the renewable energy plant capacity by 42%. This organizational development is supposed to reduce carbon footprint by 10%. To serve the goal, the enterprise has added 300 megawatts of wind and solar capacity to its portfolio.

Key Coverage of Milk Protein Market Report

• Milk Protein Market Supply Chain Analysis and Regulatory Landscape for Milk Protein Products.
• Impact of Health & Wellness Trends on Milk Protein Demand.
• Plant-Based vs. Milk Protein Ingredients.
• Raw Material Sourcing for Milk Protein
• Milk Protein Market Demand Analysis

Report Scope

Attributes	Details
Estimated Market Size in 2024	USD 11.83 billion
Projected Market Valuation in 2034	USD 16.34 billion
Value-based CAGR 2024 to 2034	3.3%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	Value in USD billion
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa
Key Market Segments Covered	Product Type, Form, Application, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Argentina, Chile, Peru, Germany, The United Kingdom, France, Spain, Italy, Netherlands, Belgium, Nordic, Russia, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, China, Japan, South Korea, GCC Countries, Central Africa, North Africa, Others
Key Companies Profiled	Cargill Inc.; Saputo Inc.; Glanbia, Plc.; Kerry Group Plc.; Arla Foods; Fonterra Co-Operative Group Limited; ROYAL FRIESLANDCAMPINA N.V.; Nestlé; Idaho Milk Products; Others

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
  • 5.1. Concentrates
  • 5.2. Hydrolysate
  • 5.3. Isolates
  • 5.4. Others
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Form
  • 6.1. Powder
  • 6.2. Liquid
  • 6.3. Paste/Spreadable
  • 6.4. Others
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Food & Beverages
  • 7.2. Nutraceuticals & Dietary Supplements
  • 7.3. Pharmaceutical
  • 7.4. Cosmetics & Personal Care
  • 7.5. Infant Formula
  • 7.6. Pet Care Industry
  • 7.7. Others
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Cargill, Inc.
  • 18.2. Saputo, Inc.
  • 18.3. Glanbia, Plc.
  • 18.4. Kerry Group, Plc.
  • 18.5. Arla Foods
  • 18.6. Fonterra Co-Operative Group Limited
  • 18.7. Royal FrieslandCampina N.V.
  • 18.8. Nestlé
  • 18.9. Idaho Milk Products
• 19. Assumptions & Acronyms Used
• 20. Research Methodology