The global Textured Milk Protein market is expected to reach a market valuation of US$ 2,897 million by 2023, recording a CAGR of 4.1% from 2023 to 2033.
A form of protein generated from milk that has undergone processing to give it a particular texture and consistency is known as textured milk protein. This is accomplished by denatureing and reorganizing the proteins in milk using a variety of techniques, including heating, mechanical shearing, or chemical treatments. The end result has a texture that is similar to meat and can be used in vegetarian or vegan meals in place of meat.
| Attribute | Details |
|---|---|
| Textured Milk Protein Market Size (2023E) | US$ 2,897 million |
| Textured Milk Protein Market Projected Size (2033F) | US$ 4,330 million |
| Value CAGR (2023 to 2033) | 4.1% |
| Top 3 Countries Marketing Share | 64% |
It is frequently employed in the manufacturing of meat substitutes including veggie burgers, sausages, and nuggets. A good source of protein, low in fat, and rich in vital amino acids for the body is textured milk protein. In addition, it is comparatively inexpensive when compared to other meat alternatives, which attracts food producers.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Textured Milk Protein.
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| Market Statistics | Details |
|---|---|
| Jan-Jun (H1), 2021 (A) | 4.3% |
| Jul-Dec (H2), 2021 (A) | 4.2% |
| Jan-Jun (H1),2022 Projected (P) | 4.4% |
| Jan-Jun (H1),2022 Outlook (O) | 4.2% |
| Jul-Dec (H2), 2022 Projected (P) | 4.1% |
| Jul-Dec (H2), 2022 Outlook (O) | 4.3% |
| Jan-Jun (H1), 2023 Projected (P) | 4.4% |
Consumers are focusing on eating nutritious food items that may give the necessary amount of nutrients, such as proteins, carbs, and other macronutrients, as they become more aware of their diet and lifestyle choices. The market for textured milk protein may grow as a result of this important factor because it is nutrient-dense and useful in a variety of sectors, including the food and baking industries. The preferences of customers also contribute to the growth of the market for textured milk protein. Due to the risk of disease and other adverse effects, customers are now less likely to select proteins obtained from meat.
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It is advantageous for the customer who is lactose intolerant to utilize textured milk protein as a food ingredient since it can boost the protein level of the food product without introducing lactose. Food products using textured milk protein won't have flaws like sandiness from lactose crystallization, browning from the Maillard process, etc. because lactose is absent. This will extend the shelf life of food goods containing textured milk protein. As a result, one of the major reasons propelling the textured milk protein market is the rising trend of lactose intolerance.
In North America, the market for textured milk protein is anticipated to expand over the next several years as consumers want more products using plant-based proteins. Consumers are looking for meat substitutes that have a similar flavor and texture to meat as the popularity of vegan and vegetarian diets grows. The two biggest markets for textured milk protein in North America are the United States and Canada, where there is a sizable concentration of substantial food processing firms. To meet consumer demand, these businesses are investing in R&D to develop fresh and cutting-edge textured milk protein products.
Particularly in nations like India and Thailand, the Asia Pacific region boasts a sizable vegetarian and vegan population. Textured milk protein is a tasty substitute for meat that is frequently used in vegetarian and vegan meals. The food processing sector is expanding throughout Asia Pacific, and many food producers are trying to broaden their product lines. Textured milk protein is a flexible component that may be utilized in a range of food products, including snacks, baked goods, and meat alternatives, making it a popular choice among food producers.
It is anticipated that until the end of the prediction period, the Europe area will dominate. The increase in vegetarianism and the popularity of healthy cuisine are both responsible for this. Tight labeling regulations that include milk protein in their list and are approved by food safety organizations may increase demand in the local market. The expansion of the global market can be effectively boosted by France, the United Kingdom, and Denmark exporting milk products to the Middle East.
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Protein bars, granola bars, and breakfast cereals are just a few of the convenience foods and snacks that contain textured milk protein. These goods are frequently promoted as wholesome and nourishing substitutes for common snacks and convenience foods. To improve the protein content of baked goods including bread, cakes, and pastries, textured milk protein can also be utilized. Those looking for high-protein options who are health-conscious will find this particularly enticing.
Infant formula also contains textured milk protein, which gives babies access to a high-quality protein source. This is especially crucial in nations where it's difficult to find breast milk or where there are doubts about its safety. Animal feed can also include textured milk protein, especially for young animals that need a high-protein diet. It is frequently included in the feed for growing pigs, chickens, and other animals since it is a strong source of protein.
Textured Milk Protein market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Form, Type, End Use, and Region |
| Key Companies Profiled | Fonterra Co-Operative Group; Société FIT; Ingredia SA; Kerry Group plc; Socius Ingredients; Hilmar Cheese Company; Arla Foods Ingredients Group P/S |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Textured Milk Protein Market is valued at US$ 2,897 million for 2023.
The Textured Milk Protein Market valuation is expected to be US$ 4,330 million in the year 2023.
The value of CAGR for the Textured Milk Protein Market is estimated to be 4.1%.
The food industry segment would garner significant market value share by 2023.
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Textured Milk Protein Market
