LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global milk protein concentrates market since 2016 and the market is poised to grow by USD 274 million during 2019-2023, progressing at a CAGR of over 4% during the forecast period. Request Free Sample Pages
Read the 114-page research report with TOC on "Milk Protein Concentrates Market Analysis Report by Application (dairy products, nutritional products, and others), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the growth in infant formula market. In addition, the increase in the global health-conscious population is anticipated to further boost the growth of the milk protein concentrates market.
Milk protein concentrates, in their natural form, contain high levels of encapsulated bioavailable calcium. As a result, manufacturers of infant formula are extensively using milk protein concentrates in the production of infant formula products. The sales of infant formula are increasing due to several factors such as growing awareness about nutritional benefits of infant formula among parents, rising birth rates, and growing number of working women. The presence of milk concentrates in infant formula help in the healthy development of babies by meeting their nutritional needs. Thus, growing infant formula market is expected to drive the milk protein concentrates market growth during the forecast period.
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Major Five Milk Protein Concentrates Market Companies:
Fonterra Co-operative Group
Fonterra Co-operative Group is headquartered in New Zealand and owns and operates businesses under various segments such as ingredients, consumer and food service, and China farms. The company offers milk protein concentrates under the brand name NZMP.
FrieslandCampina DM is headquartered in Netherlands and manufactures and offers products through business units: FrieslandCampina consumer dairy and FrieslandCampina specialised nutrition. The company offers milk protein concentrates under the brand name Refit MPC 80.
Glanbia plc is headquartered in Ireland and has business operations under two segments, namely Glanbia performance nutrition and Glanbia nutritionals. The company offers milk protein concentrates under the brand name Glanbia.
Idaho Milk Products
Idaho Milk Products is headquartered in the US and offers products through products segment such as dairy products. The company offers milk protein concentrates under the brand name IDAPRO.
LAÏTA is headquartered in France and offers products through product segments such as consumer products, catering products, dairy ingredients, and health nutrition products. The company offers milk protein concentrates under the brand name Epi Ingredients.
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Milk Protein Concentrates Application Outlook (Revenue, USD Million, 2019 - 2023)
- Dairy products
- Nutritional products
Milk Protein Concentrates Regional Outlook (Revenue, USD Million, 2019 - 2023)
- North America
- South America
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