Milk Protein Concentrate Market Forecasted to Hit US$ 2.53 Bn by 2033 - Persistence Market Research

The global milk protein concentrate market has witnessed notable expansion over the past decade, fueled by a growing shift towards high-protein, low-lactose diets and increasing demand for nutritional enrichment across consumer goods. Milk protein concentrate (MPC), primarily produced through advanced filtration technologies such as ultrafiltration and microfiltration, provides a rich source of casein and whey proteins with minimal lactose. Valued at US$ 1,635.2 million in 2023, the global market is projected to reach US$ 2,539.43 million by 2033, expanding at a steady CAGR of 4.5%.

MPC is being rapidly integrated into various food categories, such as infant formula, sports nutrition, bakery goods, and medical nutrition, due to its functional benefits and nutritional profile. Its ability to improve texture, extend shelf life, and offer clean-label appeal has positioned it as a preferred ingredient. The sports nutrition segment is emerging as the leading application category, driven by rising health consciousness and performance-focused diets. Regionally, North America, led by the United States, dominates the global market, attributed to increasing fitness trends and high consumption of protein-fortified foods.

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Key Highlights from the Report

➤ Milk protein concentrate market expected to grow at a CAGR of 4.5% from 2023 to 2033.
➤ The U.S. holds over 82% of North America's milk protein concentrate market share.
➤ Sports nutrition is the fastest-growing end-use segment with a projected 5% CAGR.
➤ MPC is increasingly replacing casein and milk powders due to contamination concerns.
➤ Demand for high-protein, low-lactose foods is propelling MPC usage in dietary supplements.
➤ Major players like Glanbia Plc and Kerry Group collectively hold 50% of global market share.

Market Segmentation

The milk protein concentrate market is segmented based on nature, form, composition, and end use. By nature, the market includes organic and conventional MPC, with conventional holding a significant share due to wide commercial use. In terms of form, powdered MPC dominates owing to its long shelf life and ease of transportation. Composition-wise, variants like MPC 40%, MPC 70%, and MPC 85% cater to different protein concentration needs. The end-use spectrum is broad, encompassing infant formula and baby foods, dairy products, sports nutrition, dietary supplements, bakery and confectionery, and other functional food applications.

Regional Insights

North America leads the global milk protein concentrate market, with the U.S. accounting for over 82% of regional sales. The dominance is driven by a robust demand for dairy proteins in sports and performance nutrition, a result of the nation's growing health-conscious population. In Europe, increasing demand for protein-fortified beverages and clinical nutrition products fuels market growth. Meanwhile, the Asia Pacific region is emerging as a fast-growing territory, primarily due to a rising middle-class population, urbanization, and growing consumer awareness about protein-rich diets in countries like China and India.

Market Drivers

The milk protein concentrate market benefits from a number of compelling drivers. The most notable is the surge in health consciousness and lifestyle changes promoting protein-rich diets. This is evident in the increased consumption of protein shakes, meal replacements, and energy bars among athletes and general consumers. MPC's compatibility with clean-label trends and its ability to function as a natural ingredient further adds to its market appeal. Additionally, the rising demand for pediatric and geriatric nutrition supports MPC's application in specialized food formulations.

Market Restraints

Despite its growth, the market faces a few challenges. High production costs associated with advanced filtration processes can be a limiting factor, especially for small-scale producers. Furthermore, volatility in raw milk supply and prices, combined with regulatory complexities related to dairy exports, can hamper steady growth. Consumer preference for plant-based alternatives is also creating competitive pressure, particularly in developed markets where veganism is on the rise.

Market Opportunities

The expanding application of MPC in functional food and beverages offers a wide array of growth opportunities. The infant nutrition segment, in particular, is expected to benefit from ongoing R&D aimed at formulating clean and nutritionally balanced baby food products. Additionally, as consumers increasingly seek personalized nutrition, the development of tailored MPC-based products addressing specific health concerns (e.g., lactose intolerance, muscle gain, weight loss) will likely capture new customer segments. Emerging markets in Asia and Latin America also present untapped potential due to growing middle-class income and improved access to nutrition-focused products.

Reasons to Buy the Report

✔ Gain a deep understanding of the evolving trends in the global milk protein concentrate market.
✔ Identify key growth segments and emerging regional opportunities.
✔ Benchmark performance of leading companies and their strategic initiatives.
✔ Access insights into product innovations, pricing trends, and regulatory scenarios.
✔ Make informed investment decisions backed by in-depth data and forecasts.

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Company Insights

• Glanbia Plc
• Kerry Group
• Fonterra Co-operative Group Limited
• Arla Food Ingredients Group
• Tatura Milk Industries Ltd
• Erie Foods International
• Idaho Milk Products, Inc.
• Molvest Group
• Nutrinnovate Australia
• Darigold Ingredients

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