Milk Protein Market Size - By Type (Casein, Whey Protein, Milk Protein Isolate), By Form (Powdered, Liquid), By Application (Dairy Products, Nutritional Supplements, Cosmetics & Personal Care, Functional Foods, Infant Nutrition) & Forecast, 2024 – 2032

Milk Protein Market Size

Milk Protein Market size was valued at USD 11.9 billion in 2023 and is estimated to expand at a CAGR of 5.3% between 2024 and 2032. Milk proteins, such as whey and casein, are complete proteins, containing all essential amino acids. They are valued for their high-quality protein content and bioavailability. Milk proteins are rich in branched-chain amino acids (BCAAs), which are essential for muscle growth, repair, and recovery, making them popular among athletes and fitness enthusiasts.
 

Milk proteins are used in various functional foods and beverages, such as protein bars, shakes, and fortified products. The demand for protein-rich sports nutrition products, including protein powders and shakes, drives the use of milk proteins among athletes.

Milk protein prices can be influenced by factors like feed costs, weather conditions, and global demand, leading to price fluctuations that affect profitability. Interruptions in the supply chain, such as transportation issues or natural disasters, can lead to shortages and production delays. Meeting stringent regulations and quality standards for dairy products can be complex and costly, especially when operating in multiple markets.
 

COVID-19 Impact

The closure of restaurants, cafes, and other foodservice establishments led to a decreased demand for milk protein products used in foodservice applications. As consumers stocked up on essential items during lockdowns, there was a surge in demand for staple products like milk, potentially impacting the availability of milk for protein production. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
 

Milk Protein Market Trends

The growth of plant-based diets has led to the rise of plant-based milk protein alternatives, including those derived from soy, almond, oats, and other sources. Consumers seeking dairy-free options are driving demand for these alternatives. Milk proteins are being incorporated into functional foods and nutraceuticals, such as protein bars, beverages, and supplements, to meet consumer demand for products that offer both nutrition and health benefits. Consumers are increasingly looking for clean label products with minimal processing and recognizable ingredients. Milk protein manufacturers are responding by offering products with fewer additives and preservatives.
 

Milk Protein Market Analysis

The milk protein market from casein type segment dominated around USD 4.1 billion revenue in 2022. Casein protein's slow digestion rate provides a sustained release of amino acids, making it suitable for prolonged muscle support and overnight recovery. Casein's gelling and thickening properties make it valuable in applications such as dairy-based desserts, protein bars, and gels.
 

The powdered segment accounted for 60% of the milk protein market share in 2022. Powdered milk proteins have a longer shelf life compared to liquid forms, making them suitable for storage and distribution. Powdered forms are easy to transport, store, and incorporate into various products, including beverages, baked goods, and snacks.
 

The milk protein market from dairy products segment is anticipated to grow at 3.9% CAGR through 2032. Milk proteins enhance the creaminess, thickness, and protein content of yogurt, appealing to health-conscious consumers.
 

U.S. milk protein market size held over USD 2.6 billion in 2022. Consumers in North America are increasingly focusing on health and wellness, driving the demand for protein-rich products like milk proteins. Milk proteins are sought after for their role in muscle recovery, weight management, and overall nutrition.
 

Milk Protein Market Share

Some of the major companies operating in the milk protein market are

• Saputo, Inc.
• Glanbia Plc.
• Kerry Group, Plc.
• Arla Foods
• Fonterra Co-Operative Group Limited
• ROYAL FRIESLANDCAMPINA N.V.
• Nestlé
• Idaho Milk
• Cargill
• Axiom Products 

These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Milk Protein Industry News:

• In May 2021, On 4th June 2021, Saputo, a leading dairy processor, announced partnership with DA (Dairy Australia), based on the focus of encouraging farmer suppliers to build their farm business management skills in order to grow the business in the country.
   
• On 24th February 2021, Arla Foods launched a win-win formula for manufacturers in dry blend protein which can reduce production costs while not compromising with quality or safety to help infant formula manufacturers.
   

This milk protein market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Billion & Units from 2018 to 2032, for the following segments:

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Market, By Type

• Casein
• Whey Protein
• Milk Protein Isolate

Market, By Form

• Powdered
• Liquid

Market, By Application

• Dairy Products
• Nutritional Supplements
• Cosmetics & Personal Care
• Functional Foods
• Infant Nutrition
• Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt