Dublin, Oct. 14, 2024 (GLOBE NEWSWIRE) -- The "Milk Protein Concentrate - Market Insights, Competitive Landscape, and Market Forecast - 2030" report has been added to ResearchAndMarkets.com's offering.
The global market for Milk Protein Concentrate (MPC) is projected to observe substantial growth, with a forecasted Compound Annual Growth Rate (CAGR) of 4.61% over the period of 2024 to 2030. By the end of the forecast period, the value of the MPC market is expected to achieve a noteworthy milestone by reaching USD 5.76 billion. The market is currently experiencing an upward trajectory, propelled by the increasing demand from the food and beverage industry and the growing recognition of protein's pivotal role in nutrition.
Driving Forces Behind the Market Expansion
The burgeoning demand for MPCs can be largely attributed to their unique functional characteristics that make them suitable for a diverse range of culinary applications. This extends to food and beverages, infant formulas, sports nutrition, and more. As awareness of the significance of protein intake increases, particularly with regard to wellness and fitness, consumers are turning to protein-rich dietary options, including those containing MPCs. A notable aspect contributing to this market's growth is the essential role that MPCs play in improving the quality of infant nutrition products.
High in protein and easily digestible, these concentrates are being integrated into infant formulas, supporting global efforts to combat conditions related to stunting and wasting. Furthermore, advancements in product development and regulatory approvals are propelling the demand for MPC. These initiatives are exemplified by recent product approvals within the EU, providing MPC manufacturers an expansive market for their applications.
Market Dynamics and Segmentation Insights
The food and beverages segment holds a considerable portion of the MPC market share, attributed to the ingredient's versatility and functional benefits that effectively enhance product quality. Additionally, regions such as North America are poised to dominate the MPC market, driven by the region’s heightened focus on obesity management, increased protein consumption, and product innovation.
The market is also fueled by strategic industry activities, including the acquisition of Milk Specialties Global, highlighting the scope and potential for growth and innovation within the MPC sector. Collectively, these dynamics underscore a robust and promising future for the Milk Protein Concentrate market.
Regional Market Influence and Key Contributors
Regionally, North America is foreseen to hold a predominant position, with factors such as high obesity rates and a shifting dietary focus towards protein enrichment acting as catalysts for market expansion. The rise in strategic product launches and notable programs aimed at raising nutritional awareness further corroborate North American leadership in the global MPC market.
The market is characterized by a spectrum of key players that are instrumental in shaping its landscape, including significant names in the dairy and nutritional ingredients industry. These players range from established multinational corporations to emerging companies, all contributing to the depth and reach of the market.
Conclusion and Prospects
In summary, the global Milk Protein Concentrate market is on an upward swing, with promising growth propelled by evolving consumer health consciousness, diverse applications, and innovative market strategies. As the market for MPCs continues to mature, it is poised to offer a wealth of opportunities for stakeholders across the food, nutrition, and health industries. This press release is intended for informational purposes only, providing insights into market dynamics, emerging trends, and future prospects without promoting specific research services or collaboration.
Companies Featured
- Arla Foods Ingredients Group
- Fonterra Co-Operative Group Limited
- Glanbia plc.
- Kerry Group plc.
- AMCO Proteins
- Hilmar Cheese Company, Inc.
- Idaho Milk Products
- Milk Specialties Global
- Saputo Dairy Australia Pty Ltd.
- Kerry Group plc.
- FITSA-GROUP
- Cabot Creamery
- DANA DAIRY GROUP
- LACTALIS Ingredients
- EnNutrica
- Erie Foods International
- Remilk
- Agropur Cooperative
- Axiom Foods
- Milcobel
For more information about this report visit https://www.researchandmarkets.com/r/jqvavm
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