According to a new report published by UnivDatos Markets Insights, the Global Milk Protein Market was valued at USD 12.08 Billion in 2022 & is expected to grow at a CAGR of 6% from 2023-2030. The analysis has been segmented into Type (Milk Protein Concentrate, Milk Protein Isolate, Whey Protein Concentrate, Whey Protein Isolate, and Others); Form (Dry and Liquid); Distribution Channel (Online and Offline); Region/Country.
The global milk protein market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the milk protein market. The global milk market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the milk protein market at the global and regional levels.
Request for Sample Pages- https://univdatos.com/get-a-free-sample-form-php/?product_id=48469
Key Market Opportunity
Milk protein is a popular choice for consumers looking for a high-quality protein source that is also rich in other nutrients like calcium, vitamin D, and omega-3 fatty acids. The demand for milk protein is driven by the growing awareness of the importance of protein in the diet, as well as the increasing popularity of plant-based and vegan diets, which often rely on milk protein as a substitute for animal-derived protein sources.
Moreover, the market for milk protein is also driven by the growing demand for functional foods and beverages that can provide health benefits beyond just protein. Milk protein is often used as an ingredient in fortified foods and beverages, such as protein powders, energy bars, and plant-based milks, which are marketed as providing a convenient and nutritious way to increase protein intake.
Currently, protein supplements are used on a large scale due to the rise in healthcare awareness among people and obesity concerns. Consumers are altering their focus to nutritional and healthy diets and increasing their protein consumption to receive extra nutrients from protein supplements made with dairy protein, which in turn feeds the rise of dairy protein. Consumers vastly prefer dairy protein due to its high nutritional benefits.
The increasing demand for milk protein has led to an expansion of the market for milk protein supplements, which are often used by athletes and fitness enthusiasts to support muscle growth and recovery. Milk protein is also used in the production of protein-rich foods such as cheese, yogurt, and whey protein powder, which are popular among health-conscious consumers.
COVID-19 Impact
The COVID-19 pandemic adversely impacted all industries due to disruptions in the supply chain, shortage of raw materials, and reduced per capita spending. However, consumers were increasingly inclined towards the consumption of protein powders as Protein supplements are prescribed to patients who have survived extreme illnesses, such as severe COVID-19, or were in ICU. Thus, leading to low immunity during covid the demand for milk protein rose across the globe.
· By type, the market is segmented into Milk Protein Concentrate, Milk Protein Isolate, Whey Protein Concentrate, Whey Protein Isolate, and Others. The Whey Protein Concentrate grabbed the major share of the market during the forecast period.
· By form, the market is segmented into dry and liquid. The dry segment is expected to grow with a significant CAGR during the forecast period.
· Based on distribution channel, the market is bifurcated into online and offline. The online segment held a significant share of the market in 2022.
Have a Look at the Chapters- https://univdatos.com/report/global-milk-protein-market/
Milk Protein Market Geographical Segmentation Includes:
· North America (U.S., Canada, and the Rest of North America)
· Europe (Germany, UK, Spain, France, Italy, and Rest of Europe)
· Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific)
· Rest of the World
North America milk protein market is expected to have the largest market share during the forecast period. This is mainly due to the growing demand for protein-rich foods and beverages, particularly among health-conscious consumers. Milk protein is a popular choice for this group because it is a high-quality protein source that is also rich in other nutrients like calcium, vitamin D, and omega-3 fatty acids. Additionally, the increasing popularity of plant-based and vegan diets has led to an increase in demand for milk protein as a substitute for animal-derived protein sources. Additionally, Dairy farmers are increasingly focusing on producing milk protein as a commodity crop, which has led to a decrease in the price of milk protein and made it more accessible to a wider range of consumers. This has in turn led to an increase in the demand for milk protein from both domestic and international markets.