Milk Protein Concentrates Market size to grow by USD 1.02 billion between 2023 to 2028- Technavio

NEW YORK, Oct. 31, 2023 /PRNewswire/ — The Milk Protein Concentrates Market size is expected to increase by USD 1.02 billion, accelerating at a CAGR of 5.44% during the forecast period, according to Technavio’s market analysis. The growing infant formula market is notably driving the milk protein concentrates market. However, factors such as growing preference for plant-based protein products may impede market growth. The market is segmented by Product (Dairy products, Nutritional products, and Others), Distribution Channel (Offline and Online), and Geography (North America, Europe, APAC, South America, and Middle East and Africa). Technavio provides a comprehensive report summary describing the market size and forecast along with research methodology. The sample report is available in PDF format 

Milk Protein Concentrates Market 2024 – 2028: Key Segment Analysis

The dairy products segment is expected to experience substantial market share growth during the forecast period. Milk protein concentrates find application in various dairy products, including cheese items, cultured dairy products, dairy-based beverages, and ice creams. Typically, lower milk protein concentrations are employed as ingredients in cheese production, while higher concentrations are utilized in the manufacturing of beverages. These concentrates serve as ingredients in products that depend on non-fat dry milk or skim milk powder but necessitate higher protein content. Additionally, traditional usage involves casein and caseinate in such products.

To know additional highlights and key points on various market segments and their impact in coming years, View PDF Sample Report

Milk Protein Concentrates Market 2024 – 2028: Geographical Market Analysis 

Technavio projects that North America will make a significant 33% contribution to the global market’s growth during the forecast period. In 2023, the United States emerged as the largest market for milk protein concentrates in North America. The increase in health consciousness among consumers and the growing participation in fitness activities have resulted in the increased demand for sports and nutrition supplements. This, in turn, directly impacts the demand for milk protein concentrate products in the region.

Milk Protein Concentrates Market 2024 – 2028: Company Insights 
The milk protein concentrates market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market companies, including:

• AMCO Proteins
• Bega Cheese Ltd.
• Dairy Farmers of America Inc.
• Darigold Inc.
• Erie Foods International Inc.
• Farbest Brands
• FIT
• Glanbia plc
• Grassland Dairy Products Inc.
• Groupe Lactalis
• Idaho Milk Products Inc.
• Kerry Group Plc
• Milk Specialties Global
• Nestle SA
• Nutrinnovate Australia
• Royal FrieslandCampina NV
• Saputo Inc.
• Savencia SA
• Schreiber Foods Inc.
• VRS Foods Ltd.

View PDF Sample Report to find additional highlights on the growth strategies adopted by companies and their product offerings.

Related Reports:

Soft Drink Concentrates Market: The Soft Drink Concentrates Market size is projected to increase by USD 12.26 billion and the market size is estimated to grow at a CAGR of 5.77% between 2022 and 2027.

Dairy Ingredients Market: The Dairy Ingredients Market size is projected to increase by USD 29.36 billion and the market size is estimated to grow at a CAGR of 7.3% between 2022 and 2027.

TOC:

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Sizes
5. Five Forces Analysis
6. Market Segmentation by Product
7. Market Segmentation by Distribution Channel
8. Market Segmentation by Geography
9. Customer Landscape
10. Geographic Landscape
11. Drivers, Challenges, & Trends
12. Company Landscape
13. Company Analysis
14. Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio