The Asia Pacific Milk Protein Concentrate Market would witness market growth of 5.8% CAGR during the forecast period (2022-2028).
The market is anticipated to expand due to the growing desire for nutritional dietary supplements in nations like India, South Korea, Japan, and others, in addition to increased awareness of milk protein concentrate. In addition, the average disposable income of the region's population and government investments and money in the food & beverage industry is increasing. Furthermore, according to several organizations, chronic diseases like diabetes and cancer kill millions annually in Asia-Pacific.
Moreover, the expanding senior population has increased the demand for age-appropriate food alternatives with better nutritional value in order to keep their general health, resulting in a rise in the demand for milk protein concentrate food products in their diet. Increasing health consciousness and the rising use of milk protein concentrates in food & beverage items such as cheese and yogurt is the primary drivers driving growth in the milk protein concentrate market.
Emerging markets will probably embrace higher-protein diets as they continue to develop. Milk protein concentrates are employed to enrich natural beverages, fermented goods, and frozen sweets. In addition, normally utilized meat protein can increase the risk of cardiovascular disease and stroke, which has led to the widespread acceptance of milk protein concentrate.
In terms of farmgate value, dairy is Australia's third most valuable agricultural product and the fourth most valuable in export value. In 2015-16, Australia produced 9.54 billion liters of milk, which, according to Dairy Australia, was processed into cheese (30%), skim milk powder and butter (29%), drinking milk (fresh and long-life UHT) (26%), whole milk powder (6%) and a variety of other products (9%) including yogurts, dairy desserts, custards, whey proteins, and nutraceuticals. A well-established dairy industry would promote expanding the milk protein concentrate market in the Asia-Pacific region.
The China market dominated the Asia Pacific Milk Protein Concentrate Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $367.5 Million by 2028. The Japan market is estimated to grow a CAGR of 5.1% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.5% during (2022 - 2028).
Based on Application, the market is segmented into Packaged Products, Nutritional Products, Infant Formula and Others. Based on Concentration, the market is segmented into High, Medium and Low. Based on countries, the market is segmented into China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Milk Protein Concentrate Market is Projected to reach USD 4.5 Billion by 2028, at a CAGR of 5.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Fonterra Co-operative Group Limited, Schreiber Foods, Inc., Saputo, Inc., DANA Dairy Group Ltd., Royal FrieslandCampina N.V., Lactalis Group, Agri-Mark, Inc. (Cabot Creamery Cooperative), Arla Foods, Inc., Kerry Group PLC and FIT.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Packaged Products
- Nutritional Products
- Infant Formula
- Others
By Concentration
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Austrlia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Fonterra Co-operative Group Limited
- Schreiber Foods, Inc.
- Saputo, Inc.
- DANA Dairy Group Ltd.
- Royal FrieslandCampina N.V.
- Lactalis Group
- Agri-Mark, Inc. (Cabot Creamery Cooperative)
- Arla Foods, Inc.
- Kerry Group PLC
- FIT
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Milk Protein Concentrate Market, by Application
1.4.2 Asia Pacific Milk Protein Concentrate Market, by Concentration
1.4.3 Asia Pacific Milk Protein Concentrate Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Milk Protein Concentrate Market by Application
3.1 Asia Pacific Packaged Products Market by Country
3.2 Asia Pacific Nutritional Products Market by Country
3.3 Asia Pacific Infant Formula Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Milk Protein Concentrate Market by Concentration
4.1 Asia Pacific High Market by Country
4.2 Asia Pacific Medium Market by Country
4.3 Asia Pacific Low Market by Country
Chapter 5. Asia Pacific Milk Protein Concentrate Market by Country
5.1 China Milk Protein Concentrate Market
5.1.1 China Milk Protein Concentrate Market by Application
5.1.2 China Milk Protein Concentrate Market by Concentration
5.2 Japan Milk Protein Concentrate Market
5.2.1 Japan Milk Protein Concentrate Market by Application
5.2.2 Japan Milk Protein Concentrate Market by Concentration
5.3 India Milk Protein Concentrate Market
5.3.1 India Milk Protein Concentrate Market by Application
5.3.2 India Milk Protein Concentrate Market by Concentration
5.4 Australia Milk Protein Concentrate Market
5.4.1 Australia Milk Protein Concentrate Market by Application
5.4.2 Australia Milk Protein Concentrate Market by Concentration
5.5 South Korea Milk Protein Concentrate Market
5.5.1 South Korea Milk Protein Concentrate Market by Application
5.5.2 South Korea Milk Protein Concentrate Market by Concentration
5.6 Singapore Milk Protein Concentrate Market
5.6.1 Singapore Milk Protein Concentrate Market by Application
5.6.2 Singapore Milk Protein Concentrate Market by Concentration
5.7 Rest of Asia Pacific Milk Protein Concentrate Market
5.7.1 Rest of Asia Pacific Milk Protein Concentrate Market by Application
5.7.2 Rest of Asia Pacific Milk Protein Concentrate Market by Concentration
Chapter 6. Company Profiles
6.1 Fonterra Co-operative Group Limited
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional Analysis
6.1.4 Research & Development Expense
6.1.5 Recent strategies and developments:
6.1.5.1 Product Launches and Product Expansions:
6.2 Schreiber Foods, Inc.
6.2.1 Company Overview
6.3 Saputo, Inc.
6.3.1 Company overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.4 DANA Dairy Group Ltd.
6.4.1 Company Overview
6.5 Royal FrieslandCampina N.V.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expenses
6.5.5 Recent strategies and developments:
6.5.5.1 Partnerships, Collaborations, and Agreements:
6.6 Lactalis Group
6.6.1 Company Overview
6.7 Agri-Mark, Inc. (Cabot Creamery Cooperative)
6.7.1 Company Overview
6.8 Arla Foods, Inc.
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Regional Analysis
6.8.4 Research & Development Expense
6.9 Kerry Group PLC
6.9.1 Company Overview
6.9.2 Financial Analysis
6.9.3 Segmental and Regional Analysis
6.9.4 Research & Development Expenses
6.10. FIT
6.10.1 Company Overview
TABLE 1 Asia Pacific Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Packaged Products Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Packaged Products Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Nutritional Products Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Nutritional Products Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Infant Formula Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Infant Formula Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 15 Asia Pacific High Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific High Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Medium Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Medium Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Low Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Low Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Milk Protein Concentrate Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Milk Protein Concentrate Market by Country, 2022 - 2028, USD Million
TABLE 23 China Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 24 China Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 25 China Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 26 China Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 27 China Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 28 China Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 29 Japan Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 30 Japan Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 31 Japan Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 32 Japan Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 33 Japan Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 34 Japan Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 35 India Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 36 India Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 37 India Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 38 India Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 39 India Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 40 India Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 41 Australia Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 42 Australia Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 43 Australia Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 44 Australia Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 45 Australia Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 46 Australia Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 47 South Korea Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 48 South Korea Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 49 South Korea Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 50 South Korea Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 51 South Korea Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 52 South Korea Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 53 Singapore Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 54 Singapore Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 55 Singapore Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 56 Singapore Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 57 Singapore Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 58 Singapore Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 59 Rest of Asia Pacific Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 60 Rest of Asia Pacific Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 61 Rest of Asia Pacific Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 62 Rest of Asia Pacific Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 63 Rest of Asia Pacific Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 64 Rest of Asia Pacific Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 66 Key Information – Schreiber Foods, Inc.
TABLE 67 Key Information – Saputo, Inc.
TABLE 68 Key Information – DANA Dairy Group Ltd.
TABLE 69 Key Information – Royal FrieslandCampina N.V.
TABLE 70 Key Information – Lactalis Group
TABLE 71 Key Information – Agri-Mark, Inc.
TABLE 72 Key information – Arla Foods, Inc.
TABLE 73 Key Information – Kerry Group PLC
TABLE 74 Key Information – FIT
List of Figures
FIG 1 Methodology for the research