Milk protein concentrate is a concentrated milk product that contains 40% to 85% milk protein. Milk protein also contains both casein and whey protein in a similar ratio. Moreover, a low amount of lactose present in milk protein concentrate powder (80%-85%) makes it safe for consumption for lactose-intolerant people. Milk protein concentrates produced by using different processes such as ultrafiltration, microfiltration, and diafiltration. The membrane separation technology removes the majority of lactose and soluble minerals and retains the milk protein, which is then spray dried.
Rising health awareness and the growing application of milk protein concentrate in food and beverage products such as cheese and yogurt are the major factors fueling the growth of the milk protein concentrate market. Milk protein concentrates are used in natural beverages, cultured products, and to fortify frozen desserts this is expected to propel the market growth.
Growing production of milk is also increasing the supply of milk protein concentrates in the market this is also expected to fuel the market growth. According to the 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 the 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%.
On the other hand, milk protein concentrates are 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 is recommended to lactose-intolerant consumers. This factor is expected to hamper the market growth.
Among product type, protein <70% segment accounted for the highest market share in 2017, and this can be attributed to high availability and less cost of protein <70% compared to other higher milk protein concentrates.
Among the type of applications, food and beverages segment held a dominant position in the market in 2017 as 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.
North America market accounted for the highest market share in the global milk protein concentrate market in 2017. Due to a decrease in meat protein consumption, reduce in a sedentary lifestyle, and growing online retail platform which makes easy availability of milk protein concentrates products 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 the Food Agriculture Organization (FAO), China and India are in top producing countries and this is expected to create a conducive environment for the 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 the production of protein milk concentrates is expected to propel the growth of the market in the Asia Pacific.
Key players in The Global Milk Protein Concentrates Market
Key players operating in the global milk protein concentrate market include, Fonterra, Arla Foods, Erie Foods Inc., Theo Müller, Glanbia Nutritionals, Friesland Campina, Murray Goulburn Co-operative, Darigolds, Lactalis, and Idaho Milk.
Key market players are focused on launching new milk protein concentrates products, in order to meet rising demand from consumers. For instance, a report by the U.S. Dairy Export Council (2014) since 2011 several products have been launched in the market, which have milk protein concentrates as an ingredient. The top ten segments of these products include cereal and energy bars, nutritional powders and drinks, yogurt, pasta & noodles, cheese, sandwiches, meal replacement, dairy drinks, ready meals, and desserts.
Based on product type, the global milk protein concentrates market is segmented into:
Protein 70% to 85%
Based on Application, the global milk protein concentrates market is segmented into:
Food and Beverages
Others (Pharmaceutical, Animal Feed, and others)
Based on the region, the global milk protein concentrates market is segmented into:
Rest of South America
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
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Rajkumar Joined: February 13th, 2019 Articles Posted: 705