The report "Milk Protein Market by Type (MPC, MPI, MPH, Casein & Caseinates, WPC, WPI), Livestock (Cow, Buffalo, Goat), Form (Dry, Liquid), Application (Sports Nutrition, Infant Formula, Dairy Products), and Region — Global Forecast to 2022", The global milk protein market is projected to reach USD 13.38 Billion by 2022 in terms of value, at a CAGR of 6.5% from 2017.
Browse 77 market data tables and 53 figures spread through 162 pages and in-depth TOC on "Milk Protein — Global Forecast to 2022"
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Infant formula segment, by application, projected to be the fastest-growing in the milk protein market
In terms of value, the infant formula segment is projected to grow at the highest rate between 2017 and 2022. Due to its nutritional value, milk protein forms an essential part of infant formula, such as milk powders, ready-to-feed liquids, and concentrates. An increase in demand for high nutrition food for infants acts as a driver for the milk protein market in the infant formula segment. Furthermore, the rise in cases of food allergy and lactose intolerance among infants, is another factor for the growth of milk protein in this sector. The infant nutrition sector presents innovative potential to milk protein manufacturers, due to the availability of options for developing new and customized infant formulas, and the support offered by government organizations toward infant nutrition.
Asia-Pacific is estimated to be the fastest-growing region in the market
Asia-Pacific is estimated to be the fastest-growing region, in terms of value, in the global milk protein market, in 2017. This region comprises developing economies such as China, India, Australia, and New Zealand, which are the largest consumers of milk in the world. The increase in population and per capita income in India and China, clubbed with increased preference for high protein products is expected to drive the demand from end-use segments such as sports nutrition sector and food industries such as confectionery and bakery. The Chinese milk protein market is projected to grow at the highest rate among the Asia-Pacific countries.
The global market for milk protein is dominated by large players such as Groupe Lactalis (France), Fonterra Co-Operative Group (New Zealand), FrieslandCampina (Netherlands), Arla Foods (Denmark), and Saputo Incorporated (Canada). Other players include Kerry Group (Ireland), Glanbia PLC (Ireland), Havert Hoogwewt (Netherlands), Sachsenmilch Leppersdorf GMBH (Germany) and AMCO Protein (U.S.).
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