Sales of Milk Protein Concentrates are projected to reach US$ 7.64 billion by 2034
Source: The DairyNews
According to Fact.MR, the Global Milk Protein Concentrate Market is estimated to be valued at US$ 4.01 billion in 2024, with projections suggesting it will reach US$ 7.64 billion by the end of 2034.
The growth of the milk protein concentrates (MPCs) market is driven by several factors. Firstly, there is a rising consumer awareness regarding protein-rich diets, which is fueling the demand for MPCs across various food and beverage segments. Additionally, MPCs are increasingly being utilized in functional foods to meet the growing demand for health-enhancing products.
Furthermore, MPCs are gaining recognition in the sports nutrition industry due to their high protein content and beneficial amino acid profile, which aid in muscle recovery and performance enhancement. Ongoing advancements in processing technologies are continuously improving the quality and functionality of MPCs, further bolstering their appeal in the market.
Consumer preferences for clean-label products and sustainability are also driving the adoption of MPCs. With minimal processing and a natural origin, MPCs align well with these trends, making them popular among environmentally conscious and health-focused consumers. This shift in consumer behavior is influencing purchasing decisions and contributing to the increasing popularity of MPCs in the global market.
Key Points:
· Global demand for milk protein concentrates is predicted to expand at a CAGR of 6.7% from 2024 to 2034.
· The United States market is forecasted to reach US$ 1.78 billion by 2034-end.
· Germany, with its high emphasis on functional foods and dairy innovation, is a profitable market for milk protein concentrate suppliers.
· Sales of milk protein concentrates in Japan are projected to rise at a CAGR of 6.3% through 2034.
· Demand for high-concentrated milk protein is estimated at a market value of US$ 1.69 billion in 2024.
“Global trend of health and wellness one of the key factors driving the sales of milk protein concentrates,” says a Fact.MR analyst.
Furthermore, MPCs are gaining recognition in the sports nutrition industry due to their high protein content and beneficial amino acid profile, which aid in muscle recovery and performance enhancement. Ongoing advancements in processing technologies are continuously improving the quality and functionality of MPCs, further bolstering their appeal in the market.
Consumer preferences for clean-label products and sustainability are also driving the adoption of MPCs. With minimal processing and a natural origin, MPCs align well with these trends, making them popular among environmentally conscious and health-focused consumers. This shift in consumer behavior is influencing purchasing decisions and contributing to the increasing popularity of MPCs in the global market.
Key Points:
· Global demand for milk protein concentrates is predicted to expand at a CAGR of 6.7% from 2024 to 2034.
· The United States market is forecasted to reach US$ 1.78 billion by 2034-end.
· Germany, with its high emphasis on functional foods and dairy innovation, is a profitable market for milk protein concentrate suppliers.
· Sales of milk protein concentrates in Japan are projected to rise at a CAGR of 6.3% through 2034.
· Demand for high-concentrated milk protein is estimated at a market value of US$ 1.69 billion in 2024.
“Global trend of health and wellness one of the key factors driving the sales of milk protein concentrates,” says a Fact.MR analyst.
23.09.2024
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I have been thinking to make this post yes/ no. I decided for yes and like to ask everyone to not "shoot the messenger". The chart shows an analysis of IFCN Dairy Research Network from the 2024 supporter conference in Poland.
