Global Market Study on Milk Protein Concentrate - Changing Dietary Preferences Boosting Demand


Milk Protein Concentrate  Market
  • Published On : Sep-2019 |
  • Pages : 200 Pages |
  • Format :

Milk Protein Concentrate Market – Scope of the Report  

The following report provides forecast and analysis of the global milk protein concentrate market along with the historic data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Tons), according to a PMR study. The research propounds key trends that are currently influencing growth within the milk protein concentrate market along with several macro-economic indicators. This newly published and insightful report on milk protein concentrate sheds light on key dynamics, and their impact on the overall value chain from suppliers to end users, which are expected to transform the future of the milk protein concentrate market.

The report also comprises the study of current issues with end users and opportunities for milk protein concentrate products. It also contains value chain analysis including the key market participants. In order to provide users of this report with a comprehensive view of the market, we have included detailed competitive analysis about the key players involved in the market and strategic overviews. The dashboard included in the report provides a detailed comparison of milk protein concentrate manufacturers on parameters such as total revenue, product offerings and key strategies. A list of key companies operating in the milk protein concentrate market provided in the report adds to the credibility of this exhaustive research study.

Milk Protein Concentrate Market: In-Depth Assessment on Key Segments

The global milk protein concentrate market is segmented on the basis of Composition, Nature, Form, End-Use and Region.

Composition

Nature

Form

End Use

Region

MPC 40%

Organic

Powder

Infant Formula and Baby Foods

North America 

MPC 70%

Conventional

Liquid

Dietary Supplements

Latin America

MPC 85%

Dairy Products

Europe 

Others

Sports Nutrition

East Asia 

Bakery & Confectionary

South Asia & Oceania 

Others

MEA

Country-specific assessment on demand for milk protein concentrates have been provided for each regional market, along with the market size valuation and forecast, price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous milk protein concentrate producers, experts and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects and other possibilities related to the market have been answered in the report.

The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates. The report provides detailed competitive and company profiles of key participants operating in the global market. Some of the major companies operating in the milk protein concentrate market are: Fonterra Co-operative Group, Westland Milk Products, Tatura Milk Industries Ltd, Erie Foods International, Nutrinnovate Australia, Idaho Milk Products, Inc., Darigold Ingredients, Grassland Dairy and others.

Milk Protein Concentrate Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered have been validated using the triangulation method to offer useful quantitative and qualitative insights on the milk protein concentrate market.

For ascertaining the market size on the basis of volume and value, revenues generated by leading players, coupled with their production capacities are taken into consideration which are backed by a proven & tested research approach, the report offered necessary information on the milk protein concentrate market. Qualitative aspects gained from industry experts and opinion leaders have also been adhered to by the analysts while developing this insightful report on the milk protein concentrate market. Secondary research is leveraged for ascertaining the overall size of the milk protein concentrate market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influences the growth of the milk protein concentrate market, which includes global GDP growth rate, various industries growth rate, such as food and packaging industry among others. This report serves as an authentic resource of intelligence on the milk protein concentrate market, enabling the readers to take fact-based decisions on the future direction of their businesses.

A recent study by PMR foretells the global milk protein concentrate market to record an expansion rate of 4.0% over the forecast period of 2019 – 2027. The milk protein concentrate market is growing at a fast pace with the overall production capacity doubling due to increased demand. Among the wide variety of milk protein ingredients being offered in the market, milk protein concentrates are comparatively recent and is gaining much popularity. Presently, product developers are using milk protein concentrate in a range of new products for various benefits such as flavor, added functionality, low-lactose products and high-protein formulations. The overall demand for milk protein concentrate has increased significantly in recent years. In North America, ingredient processors have become increasingly specialized and domestic production of milk protein concentrate has almost doubled over the past ten years although countries such as the U.S. still rely on imports due to overarching demand. The rise in the number of working women, increased birth rates in several countries with higher protein deficiency and the growing awareness among parents about nutritional benefits of infant formula is causing the global milk protein concentrate market to grow at a substantial rate during the forecast period.

global milk protein concentrate market

High Protein and Low Lactose Products Are Acting as Growth Levers in the Milk Protein Concentrate Market

The increasing demand for exciting new food products in the global consumer market is driving the development within the global milk protein concentrate market. Milk protein concentrates or MPC’s are being used in several food products such as desserts and protein bars to uplift the overall nutritional and functional properties. Milk protein concentrate is nowadays being widely used in protein-fortified foods as primary meal replacements and in nutritional beverages and bars. Owing to its nutritional qualities, it is also being utilized in pediatric and geriatric nutrition, medical nutrition, weight management products, sports nutrition products and dietary supplements. Moreover, with the demand for high protein and low-lactose beverages, the overall inclusion of milk protein concentrate in these drinks is increasing.

Milk Protein Concentrate is all Set to Upstage Caseins, Caseinates and Milk Powders

Traditionally, several food products used caseins, caseinates and milk powders to enhance the overall flavor and stability. However, after several research attempts, casein and its other substitutes have been found to be slightly contaminated with high levels of lead and cadmium. In such a scenario, milk protein concentrates have emerged as the best replacement solution. Milk protein concentrates are currently widely being used in manufacturing a range of products including processed cheese, analogue cheese, frozen yogurts, ready-to-drink and powdered beverages which are expected to drive the market during the forecasted period. Milk protein concentrates are also being used in food products where the original structure of milk proteins is desired for its functionality such as the standardization of cheese milk and ice cream mixes.

Sports Nutrition Will Continue to be the Revenue Hot-Spot in the Milk Protein Concentrate Market

The sports nutrition arena is the most profitable within the end-use fragment, growing at a CAGR of more than 4%. Milk protein concentrate is primarily being used in sports nutritional products for a variety of needs requiring different functionalities. Over the last decade, healthy living enthusiasts have emerged as a critical class of consumers that are driving trend in this space. Health and nutrition advocates are being drawn less to whey-based protein and are instead opting for milk protein substitutes due to a cleaner label orientation. Sports protein and non-protein products continue to post health growth results in 2019 and this is likely to continue. Sports protein ready-to-drink (RTD) remains the most demanded category from consumers.  Fast digestion milk protein concentrates are also being developed to be bottled with sports nutritional food and beverages.

global milk protein concentrate market structure analysis

Competitors are Diversifying their Product Portfolio to Develop a Large Consumer Base

The milk protein concentrate market is fairly consolidated with global food giants holding the topmost shares and many emerging vendors carrying out attractive developments to draw attention to themselves. Vendors like Glanbia and Kerry Inc., hold the leading share in the global milk protein concentrate market and their product is well recognized by end-use industries. However, other tier vendors such as Fonterra and Idaho Milk Products are introducing attractive products to increase their customer base. In 2018, Fonterra's worldwide dairy ingredient brand slated the launch of a fresh range of North American milk protein concentrates. The firm announced the new item to include ready-to-drink high-protein, a dairy protein concentrate. Fonterra also announced its partnership with A2 Milk Company aimed at expanding the company’s existing product range including recent additions of organic, high-protein and low-lactose milk products. Idaho Milk Products declared its plans to develop its milk processing facility by one-third of its current production capacity. Idaho also announced the investment of US$ 26 Mn in the expansion of the facility to accommodate one million pounds of locally sourced milk.

The Analyst’s Viewpoint

A comprehensive view of the milk protein concentrate market has led our analysts to conclude that, the market is growing at a moderate rate, with Europe holding a large chunk of the global demand for milk protein concentrate market and its applications. The rising need for milk protein concentrate in a wide array of food applications is spurring its demand. The impact of  high protein content and low lactose food products will remain strong globally. Strong financial position and technological innovations of key market players will also give impetus to the milk protein concentrate market.

Organically improved milk protein concentrate food products and ready to drink, protein enriched sports beverages could provide timely succor as a cost effective and time saving strategy thereby increasing profit margins for market players. Companies with research and development capabilities and prowess will gather momentum and profitability in the milk protein concentrate market. The leading players who are leveraging technology will continue to grow exponentially and have a vast market revenue share. However, solubility limitations of milk protein concentrate could restrain the growth of the milk protein concentrate market.

Company Profile

  • Kerry Group
  • Glanbia PLC
  • Grassland Dairy
  • Arla Foods.
  • Fonterra Co-operative Group
  • Westland Milk Products
  • Tatura Milk Industries Ltd 
  • Erie Foods International
  • Nutrinnovate Australia
  • Idaho Milk Products, Inc.
  • Darigold Ingredients
  • Paras Dairy
  • ENKA SÜT A
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