The North America Milk Protein Concentrate Market would witness market growth of 4.8% CAGR during the forecast period (2022-2028).
The full engagement of individuals in sports events and fitness activities is growing the need for protein supplements, which in turn is driving market expansion. In addition, a substantial increase in milk production is boosting the availability of MPC and presenting producers with lucrative expansion potential. Moreover, increased investments by major market participants in research and development efforts to create more product variations with improved aroma and flavor of dairy protein components are expected to drive market expansion.
Milk proteins are accessible in hydrolysates, concentrates, and isolates, among other forms. Because milk protein contains essential amino acids, it is called a high-quality or complete protein. Casein or whey protein are examples of essential milk proteins. As food additives, casein or whey proteins are utilized. Milk proteins also enhance the nutritional value of non-protein-containing foods. Several new products, including whey protein and casein, have been introduced to the milk protein products, which is expanding. Numerous biotechnology businesses are developing milk-protein-based food items for commercial release by the end of 2021 or the beginning of 2022.
U.S. milk protein makers, such as U.S. ingredient processors, produce high-quality protein-based products employing MPCs in response to a growing demand for the product in the country while also making MPCs and a novel component known as micellar casein concentrate or MCC commercially available. Increased participation of women in the U.S. labor sector is a major element driving the expansion of the U.S. baby infant formula demand. In addition, the changing lifestyle of the middle-class population due to increased urbanization and increasing disposable income is driving the demand for baby infant formula in the United States. In light of all these factors, the market in the North America region is estimated to witness significant growth.
The US market dominated the North America Milk Protein Concentrate Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,096.1 Million by 2028. The Canada market is poised to grow at a CAGR of 7.2% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.3% 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 U.S., Mexico, Canada, and Rest of North America.
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.
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