A recent study by PMR foretells the global milk protein concentrate market to record an expansion rate of 4.0% over the forecast period of 2019 2027. The global milk protein concentrate market is expected to grow at a significant rate in the coming years, driven by increasing demand for high-protein functional foods and beverages, as well as growing health consciousness among consumers. The market is also being driven by the increasing use of MPC in animal feed as a protein source.
According to the latest research report by PMR, the major factor that is driving the global milk protein concentrate market is the growing demand for infant formulations in developing economies. Milk protein concentrates are majorly used in the production of infant formulations as they contain elevated levels of encapsulated, bioavailable calcium in its natural form. Factors such as increased awareness among parents about the nutritional benefits of infant formula, increased birth rates in several countries and the increasing number of working women are promoting the demand for milk protein concentrate.
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Moreover, the increasing number of health-conscious consumers globally have accelerated the usage of milk protein concentrate in food products. Milk protein concentrate, due to its high protein and low lactose content is presenting a global dietary trend towards greater protein consumption. Milk protein concentrate benefits the middle class and is bringing about a paradigm change in the emerging markets that are shifting to a high protein diet.
One of the key trends in the milk protein concentrate market is the increasing demand for plant-based protein sources. This trend is driven by the growing awareness of the environmental and sustainability benefits of plant-based proteins, as well as the increasing prevalence of plant-based diets. As a result, many companies are launching plant-based protein products that are fortified with MPC to meet the growing demand for high-protein plant-based options.
The milk protein concentrate market is highly competitive, with a large number of players operating at the global level. Some of the key players in the market include Kerry Group,Glanbia PLC,Grassland Dairy,Arla Foods.,Fonterra Co-operative Group,Westland Milk Products,Tatura Milk Industries Ltd,Erie Foods International,Nutrinnovate Australia,Idaho Milk Products, Inc.,Darigold Ingredients,Paras Dairy,ENKA SÜT A. These companies have a strong presence in the market and are constantly looking for ways to expand their reach and increase their market share.
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PMR Forecasts that Poor Solubility Standards Are Majorly Deterring the Milk Protein Concentrate Market
Dairy Ingredients and dairy products are continuing to evolve and grow as new technologies are being adopted by the food industry. However, milk protein concentrates are more susceptible to instabilities such as poor emulsification, water binding, foaming. The major problems associated with milk protein concentrate are poor solubility standards mainly attributed to high calcium and high protein content. Therefore, poor solubility issues in milk protein concentrate have several detrimental effects on other functional properties and have been considered to be the most significant obstacle in realization of the full market potential.
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Milk protein concentrates are dairy based high protein ingredients produced from concentrating and ultrafiltration of skimmed milk. Milk protein concentrate contains both proteins, casein and whey in a similar ratio. The milk protein concentrate market is fairly concentrated with the presence of a few selected vendors. An increased number of product launches is enhancing the revenue flow of key vendors and also increasing their market share. New product launches are also helping consumers to have a keen interest on the market.
In conclusion, the global milk protein concentrate market is expected to experience significant growth in the coming years, driven by increasing demand for high-protein functional foods and beverages, as well as growing health consciousness among consumers. The market is also being driven by the increasing use of MPC in animal feed as a protein source. The market is highly competitive, with a large number of players operating at the global level.
Read More: https://www.openpr.com/news/672511/government-support-will-milk-protein-concentrate-market-size.html
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