Selbyville, Delaware, Sept. 26, 2023 (GLOBE NEWSWIRE) --
The milk protein market valuation is expected to cross USD 19 billion by 2032, as reported in a research study by Global Market Insights Inc.
The industry growth is primarily driven by the increasing consumer awareness of the health benefits associated with milk proteins, such as muscle development, weight management, and enhanced nutrition. Additionally, there is a shift toward protein-rich diets among fitness enthusiasts and health-conscious individuals, who prefer natural and clean-label products. With the advancements in protein extraction technologies and the development of innovative milk protein-based products, the consumers are spoilt for choices. This includes the creation of high-protein dairy alternatives, protein-fortified beverages, and dairy-based snacks. These innovations cater to the evolving dietary demands of consumers, contributing to the overall industry demand.
The milk protein market from whey protein segment is anticipated to gain momentum in the coming years, owing to the exceptional nutritional profile, rich in essential amino acids, and easily digestible. It finds extensive use in sports nutrition, weight management, and clinical nutrition products. The versatility of whey protein isolates, concentrates, and hydrolysates has led to their incorporation in a wide array of applications, ranging from protein bars and shakes to infant formulas. Moreover, the product is highly regarded for its rapid absorption, making it an ideal choice for athletes and fitness enthusiasts seeking quick recovery and muscle repair. Its functional properties, including emulsification and gelling, make it a valuable ingredient in the food processing industry. As consumer interest in protein-enriched foods continues to surge, the whey protein segment is poised for sustained growth.
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The infant nutrition application of milk protein market is expected to witness a remarkable expansion through 2032, led by the critical role of milk proteins in early childhood development. Infant formulas fortified with milk proteins provide essential nutrients necessary for healthy growth and development. The manufacturers are focusing on product innovation to enhance the nutritional profile of these formulas, ensuring they mimic the benefits of natural breast milk as closely as possible. With thw burgeoning birth rate and rising disposable income, the parents are increasingly prioritizing their children's health and nutrition, bolstering the demand for infant formulas containing milk proteins.
Asia Pacific milk protein market is poised to showcase impressive growth trends between 2023 and 2032 . Rapid urbanization, a growing middle class, and changing dietary habits are driving the demand for dairy and dairy-derived products, including milk proteins. Moreover, the increasing popularity of sports and fitness activities in the region is encouraging the consumption of protein-rich foods and beverages, with a particular emphasis on whey protein products. Gauging these trends, the market players are actively expanding their presence in Asia Pacific through strategic partnerships and product launches tailored to the preferences of local consumers. This will contribute to the regional market growth over the forthcoming period.
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Major players involved in the milk protein market are ROYAL FRIESLANDCAMPINA N.V., Saputo, Inc., Kerry Group, Plc., Fonterra Co-Operative Group Limited, Nestlé, Idaho Milk, Arla Foods, Cargill, Glanbia, Plc., and Axiom Products. These companies are constantly investing in R&D for innovations and developing improved products to meet the consumer needs and grow their market stake.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Milk protein market 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Type trends
2.4 Form trends
2.5 Application trends
2.6 Regional trends
Chapter 3 Milk protein Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.3.1 By type
3.3.2 By form
3.3.3 By application
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Impact of Russia Ukraine war
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
