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.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Packaged Products
- Nutritional Products
- Infant Formula
- Others
By Concentration
By Country
- US
- Canada
- Mexico
- Rest of North America
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 North America Milk Protein Concentrate Market, by Application
1.4.2 North America Milk Protein Concentrate Market, by Concentration
1.4.3 North America 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. North America Milk Protein Concentrate Market by Application
3.1 North America Packaged Products Market by Country
3.2 North America Nutritional Products Market by Country
3.3 North America Infant Formula Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Milk Protein Concentrate Market by Concentration
4.1 North America High Market by Country
4.2 North America Medium Market by Country
4.3 North America Low Market by Country
Chapter 5. North America Milk Protein Concentrate Market by Country
5.1 US Milk Protein Concentrate Market
5.1.1 US Milk Protein Concentrate Market by Application
5.1.2 US Milk Protein Concentrate Market by Concentration
5.2 Canada Milk Protein Concentrate Market
5.2.1 Canada Milk Protein Concentrate Market by Application
5.2.2 Canada Milk Protein Concentrate Market by Concentration
5.3 Mexico Milk Protein Concentrate Market
5.3.1 Mexico Milk Protein Concentrate Market by Application
5.3.2 Mexico Milk Protein Concentrate Market by Concentration
5.4 Rest of North America Milk Protein Concentrate Market
5.4.1 Rest of North America Milk Protein Concentrate Market by Application
5.4.2 Rest of North America 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 North America Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 2 North America Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 3 North America Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Packaged Products Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Packaged Products Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Nutritional Products Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Nutritional Products Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Infant Formula Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Infant Formula Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 14 North America Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 15 North America High Market by Country, 2018 - 2021, USD Million
TABLE 16 North America High Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Medium Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Medium Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Low Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Low Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Milk Protein Concentrate Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Milk Protein Concentrate Market by Country, 2022 - 2028, USD Million
TABLE 23 US Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 24 US Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 25 US Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 26 US Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 27 US Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 28 US Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 29 Canada Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 30 Canada Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 31 Canada Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 32 Canada Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 33 Canada Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 34 Canada Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 35 Mexico Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 36 Mexico Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 37 Mexico Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 38 Mexico Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 39 Mexico Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 40 Mexico Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 41 Rest of North America Milk Protein Concentrate Market, 2018 - 2021, USD Million
TABLE 42 Rest of North America Milk Protein Concentrate Market, 2022 - 2028, USD Million
TABLE 43 Rest of North America Milk Protein Concentrate Market by Application, 2018 - 2021, USD Million
TABLE 44 Rest of North America Milk Protein Concentrate Market by Application, 2022 - 2028, USD Million
TABLE 45 Rest of North America Milk Protein Concentrate Market by Concentration, 2018 - 2021, USD Million
TABLE 46 Rest of North America Milk Protein Concentrate Market by Concentration, 2022 - 2028, USD Million
TABLE 48 Key Information – Schreiber Foods, Inc.
TABLE 49 Key Information – Saputo, Inc.
TABLE 50 Key Information – DANA Dairy Group Ltd.
TABLE 51 Key Information – Royal FrieslandCampina N.V.
TABLE 52 Key Information – Lactalis Group
TABLE 53 Key Information – Agri-Mark, Inc.
TABLE 54 Key information – Arla Foods, Inc.
TABLE 55 Key Information – Kerry Group PLC
TABLE 56 Key Information – FIT
List of Figures
FIG 1 Methodology for the research