Milk Protein Concentrate Market

Milk Protein Concentrate Market – Size, Share,
Outlook, and Opportunity Analysis, 2018 – 2025
Milk protein concentrate is a concentrated milk product that contains 40% to 85%
milk protein. It is considered as a complete protein as it contains both casein and
whey protein in a similar ratio. Moreover, low amount of lactose present in milk
protein concentrate powder (80%-85%) makes it safe for consumption for
lactose-intolerant people. Milk protein concentrates are usually manufactured by
filtration processes such as ultrafiltration, microfiltration, and diafiltration. The
membrane separation technology in the mentioned processes removes the majority
of lactose and soluble minerals and retains the milk protein, which is then spray
dried.
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Market Dynamics
Growing health awareness and increasing application of milk protein concentrates in
food and beverage products such as cheese and yoghurt are the key factors driving
growth of the milk protein concentrate market. Development of the emerging markets
such as Brazil, Russia, India and China are likely to adopt higher protein diets. Milk
protein concentrates are used in natural beverages, cultured products, and to fortify
frozen desserts. Moreover, conventionally used meat protein can increase the risk of
heart disease and stroke, which has led to high adoption of milk protein concentrate.
Increasing the production of milk is also increasing the supply of milk protein
concentrates in the market. According to Food and Agriculture Organization (FAO),
India is the world’s largest milk producer, with 18% of global production, followed by
the U.S. and China. According to National Dairy Development Board (NDDB), India
produced 165.4 billion liters of milk in 2016 from 155.5 billion liters in 2015,
registering a growth of 6.5%.
However, milk protein concentrates which contains low protein and high amount of
lactose are not suitable for everyone as they contain lactose, which can cause
bloating, diarrhea, and abdominal cramps. Only milk protein concentrates which has
80-85% milk protein are recommended to lactose intolerant consumers.
Market Outlook
Among product type, protein <70% segment accounted for the highest market share
in 2017, owing to high availability and less cost of protein <70% compared to other
higher milk protein concentrates.
Among type of applications, food and beverages segment held dominant position in
the market in 2017. Milk protein concentrate are widely being used in food and
beverages such as soup, protein bars, and nutrition beverages, owing to their
solubility, emulsification, foaming, whipping, and water binding property.
Furthermore, this segment is expected to be dominant in terms of revenue share
over the forecast period.
North America market accounted for the highest market share in the global milk
protein concentrate market in 2017. The region is projected to maintain its
dominance over the forecast period, owing to decrease in meat protein consumption,
decrease in sedentary lifestyle, and increasing online retail platform which makes
milk protein concentrates product available in the market.
Asia Pacific is projected to be the fastest growing region in the market over the
forecast period. Key factors such as wide food preferences, increasing health
consciousness and urbanization & westernization are driving the growth of the
market. According to Food Agriculture Organization (FAO), China and India are in
top producing countries and this is expected to create a conducive environment for
growth of the market in the region. India produced 165.4 billion liters of milk while
China produced 40 billion liters in 2016. Such abundant availability of milk for
production of protein milk concentrates is expected to propel growth of the market in
Asia Pacific.
Key players in The Global Milk Protein Concentrates Market
Key players operating in the global milk protein concentrates market include,
Fonterra, Arla Foods, Erie Foods Inc., Theo Müller, Glanbia Nutritionals, Friesland
Campina, Murray Goulburn Co-operative, Darigolds, Lactalis, and Idaho Milk.
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The research report on Milk Protein Concentrate Market is segmented by Product Type, by Application and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

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