Milk Protein Concentrate Market – Global Industry, Analysis, Size, Share, Trends, and Forecasts 2024

The milk protein concentrate market, valued at $153.46 million in 2022, is projected to experience a steady growth with a Compound Annual Growth Rate (CAGR) of 5.5% throughout the forecast period. The increasing awareness surrounding the significance of protein in a well-rounded diet has resulted in a heightened demand for high-protein offerings, with milk protein concentrates emerging as a sought-after choice. Renowned for their functional attributes such as emulsification and texturization, these concentrates play a crucial role in food processing, particularly in the production of both dairy and non-dairy products.

The focus on health and fitness, coupled with the escalating demand for sports nutrition products, has fueled the expanded utilization of milk protein concentrates in protein supplements and sports beverages. The adaptability of milk protein concentrates enables their integration into a diverse array of food and beverage items, spanning bakery goods, dairy products, and nutritional supplements. Furthermore, consumer preferences favoring nutrient-rich and functional foods are propelling the adoption of milk protein concentrates as ingredients that augment the nutritional composition of various products. The growth observed in the plant-based and alternative dairy market has spurred the creation of plant-based products leveraging milk protein concentrates to enhance both texture and nutritional value.