Milk Protein Market Overview:
The Global Milk Protein Market is estimated to be worth USD 20,528.6 Million by 2030, registering a 7.12 % CAGR during the forecast period (2023- 2030).
Canada Skim Milk Powder Market showcases resilience and steady growth, driven by factors such as changing consumer preferences, technological advancements, and robust dairy farming practices. With consumers increasingly prioritizing health and wellness, there is a growing demand for low-fat dairy products like skim milk powder. Its versatility in food applications, along with nutritional benefits, makes it a preferred choice among Canadians seeking nutritious alternatives. Moreover, Canada's reputation for high-quality dairy products and stringent regulatory standards reinforces trust and reliability in the skim milk powder market. Strategic collaborations between dairy producers, processors, and retailers further bolster market expansion, solidifying Canada's position as a key player in the global skim milk powder industry.
Milk includes 3.3 percent protein in extension to all of the essential amino acids. Though milk protein is formed naturally in the mammary gland, a study shows that 60 percent of the proteins required to construct amino acids can be acquired from cow milk, which contains 82 percent caesin and around 18 percent serum or whey protein. Moreover, antihypertensive properties, anti-carcinogenic activities, immune system modulation, and similar metabolic activities consort with milk protein.
Concentrated milk is rich in protein because these are insulated and also improved before being added to powdered milk. The milk proteins are isolated and concentrated (hydrolysates). Several people, particularly young kids, are encouraged to take more milk- mainly to increase their daily calcium intake. Calcium is the main component of strong and healthy bones.
The augmented demand for healthy foods that require milk concentrates to be produced is encouraging manufacturers of milk protein concentrate ingredients to invest heavily in research and development. The aim is to try to develop a new generation of milk protein concentrates that are tasty and nutrient rich.
Key Players:
The global Key Milk Protein Companies are Royal Friesland Campina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), Theo Müller Group (Germany).
Market Segmentations:
The global Milk Protein Market is segmented into the following types;
By Type
• Milk protein concentrate
• Milk protein hydrolytes
• Casein and cachinnates
• Whey protein concentrates
• Whey protein isolates
• Other milk proteins
By Form
• Dry powder
• Liquid
By Application
• Dairy products and frozen desserts
• Infant formula
• Dietary supplements
• Bakery and confectionary
• Beverages
• Sweet and savoury food
By dairy products and frozen desserts
• Cheese
• Yogurt
• Ice cream
• Others
Regional Analysis:
The Global Milk Protein Industry is divided into five regions; North America, Asia Pacific, Europe, Latin America and the Middle East & Africa.
Asia- Pacific, especially China with a 33.8% share in the regional market, is the piloting market for milk protein, assisted by constant innovations targeting distinct end-user segments. Increases in the frequency of obesity and fitness enthusiasts choosing high-protein foods have set up China as the market leader. This has two advantages. It makes the food tastier. Thus, it encourages people to consume these types of foods more frequently. It similarly makes the foods healthier. This is crucial since a large percentage of children under age five are malnourished, specifically in India.
Europe holds the second-largest market share, routed by Turkey, which has been attracting foreign investments in line with acclimatization achieved by Turkish and EU Food Laws. Other market segments endure holding enormous development potential, encouraging multinational businesses to spend heavily in the milk protein market in Africa, South America, and the Middle East.
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