The global milk protein market is anticipated to increase at a compound yearly growth rate of 5.6% to reach a value of US$ 19.7 billion. Casein, the most prevalent milk protein, is available in four different forms: ß, α-s1, α-s2, and α-s1. Every variety differs in its functional properties, amino acid composition, and genetic make-up. Milk contains a structure known as the micelle, which is where caseins are suspended.
Casein micelles are essentially stable and dynamic, yet they can be dried and rearranged into other shapes without causing any damage. In reaction to temperature fluctuations, calcium phosphate and ß-casein can enter and exit micelles without altering the nutrient-dense protein and mineral composition of the solution.
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The nutritional and functional qualities of the casein proteins cannot be impacted by HTST (high temperature short time) pasteurisation because caseins are heat treatment stable components. As a result, even heating a product containing casein to a high temperature can result in a small number of interactions between the casein and whey proteins in the solution, which may or may not alter the product’s functional benefits but leave the nutritional qualities unaltered.
For instance, to inhibit curd formation in cheese at high temperatures, ß-lactoglobulin produces a particular layer over the casein micelle. The food, beverage, infant formula, and dietary supplement industries all have high demand for casein as a milk protein due to the aforementioned qualities.
The global milk protein market is poised for robust growth, with an anticipated compound yearly growth rate (CAGR) of 5.6%, propelling it to reach a significant value of USD 19.7 billion. Dominated by casein, the most prevalent milk protein, this market boasts four distinct forms: ß, α-s1, α-s2, and α-s1. Each variation presents unique functional properties, amino acid composition, and genetic makeup, contributing to their diverse applications in the food, beverage, infant formula, and dietary supplement industries.
Key Takeaways:
- The milk protein market is valued at USD 11.4 billion in 2022, with expectations of a 5.6% CAGR through 2032.
- Global milk protein demand is projected to witness a year-on-year (Y-o-Y) growth of 5.5% in 2022.
- The market is on a trajectory to achieve USD 19.7 billion by 2032, propelled by the increasing demand for new food additives, advancements in food technology, and enhanced quality of milk protein.
- Between 2017 and 2021, the demand for milk protein experienced a notable 4.8% CAGR.
- Leading players in the industry, including Cargill, Inc., Saputo, Inc., Glanbia Plc., Kerry Group Plc., and Arla Foods, are expected to play pivotal roles.
The nutritional and functional qualities of casein proteins remain unaffected by high-temperature short-time (HTST) pasteurization, as caseins are heat treatment stable components. This stability ensures that even heating a product containing casein to high temperatures maintains the nutritional qualities while potentially altering the product’s functional benefits.
Key milk protein brands are strategically partnering to develop applications in the food and beverage industry, infant formula, and dietary supplements. Arla Foods launched Lacprodan Premium MFGM-10 on September 15, 2021, an MFGM (milk fat globule membrane) ingredient in a dry blend version. This innovation aims to provide flexibility to different end recipes, reduce production costs, and enhance energy efficiency without compromising quality.
Key Takeaways from Market Study
- The milk protein market is worth of US$ 11.4 Bn sales in 2022.
- The milk protein market is expected to expand at CAGRs of 5.6% through 2032.
- Global milk protein demand is projected to grow year-on-year (Y-o-Y) growth of 5.5% in 2022.
- The milk protein market is growing with a notable boost towards the production to reach USD 19.7 Bn by 2032.
- Increase in requirement of new food additives, advancement in food technology, and enhanced quality of milk protein are the factors driving growth of the market and to be the influencing factors among consumers, which is driving sales of milk protein across global markets.
- Demand for milk protein grew at 4.8% CAGR between 2017 and 2021.
- Cargill, Inc., Saputo, Inc., Glanbia Plc., Kerry Group Plc., and Arla Foods are expected to be the top players in the industry.
- Milk protein isolate with powdered form segment are in heavy demand from infant formula industry carrying a notable market share.
“Due to the increasing intake of protein-rich products by health conscious consumers because of the rising concerns of poor metabolic health conditions among the population of developing and advanced nations like the US and China, demand for milk protein is growing with each passing day as a part of dietary supplements to provide the body with high nutritional and protein content items sourced from milk,” says a Future Market Insights analyst.
Competitive Landscape
Key milk protein brands are looking for new strategic partnerships to develop the applications in food and beverage industry, along with infant formula and dietary supplements, while core business brands are focusing on developing nutritional and high quality food solutions to customers with several product innovations.
- On 15th September 2021, Arla Foods Ingredients launched a new product, named as Lacprodan Premium MFGM-10, which is an MFGM (milk fat globule membrane) ingredient in a dry blend version to provide more flexibility to different end recipes, which can be produced from this one base powder only. The product is marketed with infant formula category as well to reduce production costs and energy usage without compromising on quality and safety of the product.
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Milk Protein Market by Category
By Product Type:
- Concentrates
- Hydrolyzed
- Isolates
- Others
By Form:
- Powder
- Liquid
- Paste/Spreadable
- Others
By Application:
- Food & Beverages
- Nutraceuticals & Dietary Supplements
- Pharmaceutical
- Cosmetics & Personal Care
- Infant Formula
- Pet Care Industry
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
Frequently Asked Questions
- How much worth is the milk protein industry?
- At what CAGR is the market expected to expand through 2032?
- How was the performance of milk protein been over the past half-decade?
- What will be the market for milk protein worth in 2032?
- Who are the key players operating in the market?
- Which are the top countries driving the milk protein market demand?
- What are the key factors affecting the milk protein market growth?
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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