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Milk Protein Market Trends

Report ID: GMI6468
Published Date: Aug 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of milk protein was recorded USD 11.9 billion in 2023 and is set to reach USD 19.2 billion by 2032, due to the rising demand for protein-rich sports nutrition products, including protein powders and shakes worldwide.

The casein type segment reached USD 4.1 billion in 2022, impelled by higher usage in products such as, dairy-based desserts, protein bars, and gels.

U.S. market size crossed USD 2.6 billion in revenue in 2022, due to the rising focus on health and wellness in the region.

Some of the influential milk protein companies are Saputo, Inc., Glanbia, Plc., Kerry Group, Plc., Arla Foods, Fonterra Co-Operative Group Limited, ROYAL FRIESLANDCAMPINA N.V., Nestlé, Idaho Milk, Cargill, and Axiom Products.