Global milk protein market to hit US$8B by 2033 as demand for functional nutrition rise  

GLOBAL – The global milk protein market is expected to reach US$8 billion by 2033, growing at a compound annual growth rate of 5.9% from US$4 billion in 2023, according to a report by Market.us. 

The market has gained significant attention due to increasing demand for high-quality protein sources in food and beverage, sports nutrition, infant formula, and pharmaceuticals. 

Milk proteins, primarily casein and whey, are widely valued for their nutritional benefits and functional properties, making them essential ingredients in various product formulations.

Industry analysts have highlighted that rising health consciousness and the growing popularity of protein-rich diets are key drivers of this market expansion. 

Urbanization and the expansion of middle-class populations in emerging economies have also contributed to the growing demand for milk proteins. 

“The Asia-Pacific region is poised to dominate the global market for milk proteins, capturing a significant share of 45%,” Tajammul Pangarkar reported. 

North America and Europe remain strong players in the market due to high consumer awareness and well-established dairy industries, but Asia-Pacific is expected to witness the fastest growth due to increasing disposable incomes and a rising preference for functional foods and beverages.

Market players are focusing on innovation and product diversification to maintain their competitive edge. 

Technological advancements in protein extraction and processing have led to the production of high-purity milk protein isolates and concentrates, catering to evolving consumer and industry needs. 

Additionally, strategic partnerships among leading companies have strengthened their presence n the global market. 

Some of the key players reported in the industry include Amco Protein, Arla Foods, Fonterra Co-operative Group Limited, FrieslandCampina, Glanbia PLC, Groupe Lactalis S.A., and Kerry Group plc.

Several factors continue to fuel the growth of this sector, including the increasing prevalence of lifestyle diseases, which has driven more consumers toward protein-based nutrition solutions. 

The sports nutrition industry has also played a critical role in boosting demand, as milk proteins are widely recognized for their muscle-building and recovery benefits. 

Infant formula remains another significant segment, particularly in regions with high birth rates and rising awareness of the nutritional value of milk proteins in early childhood development.

“Consumers are becoming more aware of the benefits of milk proteins, and this is shaping product innovation in multiple industries,” an industry expert stated.

The latest market research provides an in-depth analysis of global market trends, including segmentation by product type, form, application, and end-use.

The report also covers socio-economic factors influencing the sector and offers forecasts up to 2033. 

As the demand for functional and nutritional foods continues to rise, the milk protein market is expected to maintain steady growth, driven by evolving consumer preferences and advancements in food technology.

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