"Executive Summary Milk Protein Concentrates Market Research: Share and Size Intelligence

CAGR Value

The global milk protein concentrates market was valued at USD 13.67 billion in 2024 and is expected to reach USD 20.19 billion by 2032

During the forecast period of 2025 to 2032 the market is likely to grow at a CAGR of 5.00%, primarily driven by rising health and wellness trends

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Milk Protein Concentrates Market Dynamics

Segments

• By Type: The market can be segmented into Whey Protein Concentrates, Milk Protein Concentrates, and Others. Whey protein concentrates segment is expected to dominate the market due to the high protein content and growing popularity among fitness enthusiasts and athletes.
• By Form: The market is segmented into Powder and Liquid. The powder segment holds the largest market share as it is more convenient for storage and transportation compared to liquid form.
• By Application: Milk Protein Concentrates are used in various applications such as Functional Beverages, Dietary Supplements, Infant Formula, Sports Nutrition, and Others. The dietary supplements segment is witnessing substantial growth due to the increasing health-conscious population globally.
• By End-User: The market caters to different end-user segments, including Sports Nutrition Brands, Food & Beverage Industry, Pharmaceutical Industry, and Others. The food & beverage industry is the major consumer of milk protein concentrates due to its wide application in various products.

Market Players

• Fonterra Co-operative Group: Fonterra is a key player in the global milk protein concentrates market, offering a wide range of high-quality dairy products to meet the increasing demand for protein-rich ingredients.
• Arla Foods: Arla Foods specializes in producing milk protein concentrates for applications in sports nutrition, dietary supplements, and food products. The company focuses on innovation and product development to stay competitive in the market.
• Glanbia PLC: Glanbia PLC is a leading player in the milk protein concentrates market, providing customized solutions to meet the specific requirements of customers in different industries.
• Kerry Group: Kerry Group is known for its advanced nutritional solutions, including milk protein concentrates, that cater to the growing demand for functional and fortified food and beverages.
• Lactalis Ingredients: Lactalis Ingredients offers a wide range of milk protein concentrates for diverse applications, leveraging its extensive experience in dairy processing to deliver high-quality products to customers worldwide.