Press release
Milk Protein Concentrate Powder Market Comprehensive Insight by Growth Rate, Industry Status, Forecast till 2029
Milk protein concentrate powder market is expected to grow at a significant CAGR during the forecast period. Growing demand for milk protein concentrates in ready-to-drink, high-protein dairy-based enteral food and beverage products is a key factor driving the milk protein concentrates market in the future years, as people become more aware of the need of keeping a healthy lifestyle. Furthermore, increased demand for infant formula products, as well as rising consumption of dietary supplements, are key factors driving the market growth. Owing to their excellent nutritional value and low lactose content, milk protein concentrates are commonly employed in the production of infant food products. To ensure product quality, many government agencies such as the World Health Organization (WHO), the Food Safety and Standards Authority of India (FSSAI), and others have set rules for the production of infant food items. For instance, the Food Safety and Standards Authority of India (FSSAI) issued new regulations in 2019 for infant formula for certain medical needs, preterm baby milk substitutes, and lactose-free baby formula.As people want to improve their health while avoiding other sources, milk protein concentrate products are gaining popularity in Asia. The region's population average disposable income is rising, as government investments and money in the food and beverage business is growing significantly. Other key aspects that are projected to aid in the market's growth in the forecast period include rising awareness about health as a result of rising individual income and increased spending in research that focuses on protein components goods in the region. Furthermore, as a result of their hectic lifestyles and increasing disposable income, growing working-women populations and childbirth rates in nations such as China, Japan, India, and others contribute to an increase in demand for infant formula products. According to a survey conducted by the China Development Research Foundation, 29% of infants in China are effectively nursed in 2019. This, in, turn, is accelerating the market growth in the country.
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Market Coverage
The market number available for - 2021-2029
Base year- 2021
Forecast period- 2023-2029
Segment Covered
Regions Covered- Globally
Competitive Landscape: Fonterra Co-operative Group Ltd., Westland Milk Products, and Glanbia plc, among others.
Milk Protein Concentrate Powder Market Report Segmentation
By Product
Content 70%
Content 70%-85%
Content 85%
By Application
Dairy Items
Nutrition Items
Cheese Items
Others
A full Report of Milk Protein Concentrate Powder Market is Available @ https://www.omrglobal.com/industry-reports/milk-protein-concentrate-powder-market
Milk Protein Concentrate Powder Market by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/milk-protein-concentrate-powder-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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