In 2021, the global Milk Protein Concentrates Market was valued at USD 3,409.5 Million, and it is anticipated to exhibit a revenue CAGR of 5.4% over the forecast period. The market growth is primarily driven by the increasing health-conscious population and the growing demand for protein-rich diets, especially among sports enthusiasts and fitness-conscious individuals.
Milk protein concentrates are an ideal option for individuals who engage in regular workouts and muscle-building sessions. The ultrafiltration process used in their production results in products that are naturally low in lactose, making them more palatable for lactose intolerant people or those allergic to dairy sugars. Milk protein concentrates are biologically complete and easy to incorporate into formulas, making them practically the ideal protein for sports nutrition solutions.
Major companies in the market are investing in research and development activities, as well as making strategic involvements and product launches, which are contributing to revenue growth. For example, on 24 February 2021, Arla Foods Ingredients introduced a novel dry-blend protein that they claim will help infant formula makers lower manufacturing costs without compromising quality or safety. The first protein component from Arla, Lacprodan Premium ALPHA-10, was developed for dry blending, which allows producers to use less energy, reduce production costs, and create more combinations from a single base powder. It contains alpha-lactalbumin, the most prevalent whey protein in human milk, and important amino acids. Furthermore, it complies with current China food safety regulations and is free of Cronobacter sakazakii, a bacterium that can cause serious infections in infants, making it suitable for products entering the largest formula market in the world. Such initiatives by companies are expected to drive market revenue growth in the future.
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Major Companies:
Arla Foods Amba, Kerry Group plc, Lactalis International, Fonterra Co-operative Group Limited, Amco Proteins, Cabot Creamery, Dana Dairy Group, Saputo Inc., Hoogwegt, Nestlé.
Some of The Notable Innovations in Milk Protein Concentrates Market:
The milk protein concentrates market has seen several notable innovations in recent years. One such innovation is the use of ultrafiltration technology in the production process. This results in milk protein concentrates that are naturally low in lactose and high in protein, making them an ideal option for sports nutrition and fitness enthusiasts.
Another innovation is the development of dry-blend proteins, which allow producers to use less energy, cut production costs, and create more combinations from a single base powder. This technology has been employed by companies such as Arla Foods Ingredients, who introduced a dry-blend protein called Lacprodan Premium ALPHA-10, which is designed to assist infant formula makers in lowering manufacturing costs without sacrificing quality or safety.
Additionally, there has been a growing trend towards the use of plant-based milk protein concentrates, such as soy protein concentrates, pea protein concentrates, and rice protein concentrates. These products are suitable for individuals who are lactose intolerant or prefer a vegan or vegetarian lifestyle.
Furthermore, companies are investing in research and development to create new and innovative products, such as high-protein milk protein concentrates, which contain even higher levels of protein than traditional milk protein concentrates. This innovation is driven by the increasing demand for protein-rich diets, especially among sports enthusiasts and fitness-conscious individuals.
Overall, these innovations demonstrate the dynamic nature of the milk protein concentrates market and the industry's commitment to meeting the evolving needs and preferences of consumers.
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