According to a new report, published by KBV research, The Global Milk Protein Concentrate Market size is expected to reach $4.5 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Infant Formula segment is showcasing a CAGR of 6.6% during (2022 - 2028). The segment's growth is attributable to the increase in women's reliance on infant formula, resulting from the rise in working women. Women's dependency on infant formula has grown as the percentage of working women has increased. Infant formulas are liquids or powders given to babies and young kids as a substitute for human milk. Formulas for infants have a special role in the diet because they are often the primary source of nutrients for infants.
The High segment is leading the Global Milk Protein Concentrate Market by Concentration in 2021 thereby, achieving a market value of $2.3 billion by 2028. The increase is attributable to the increased consumption of nutraceuticals like ready-to-drink milkshakes, protein supplements, and functional foods. MPC in high concentration has a good nutritional profile; therefore, it might be a wonderful addition to the diet. The amino acid composition of milk protein isolate and milk are identical. It contains all nine necessary amino acids, which the body cannot synthesize alone.
The North America market dominated the Global Milk Protein Concentrate Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.5 billion by 2028. The Europe market is exhibiting a CAGR of 5% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 5.8% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/milk-protein-concentrate-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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