Market Research ReportJun 21, 2023

Milk Protein Market

Milk Protein Market Research Report: Size, Share, Trend Analysis By Type (Milk Protein Concentrates, Milk Protein Isolates, Milk Protein Hydrolysates, Casein and Caseinates, Whey Protein Concentrates, Whey Protein Isolates), By Form (Dry, Liquid), By Application (Dairy Products and Frozen Desserts, Infant Formula, Dietary Supplements, Bakery and Confectionary, Beverages, Sweet and Savory Snacks) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2030

Vertical: CFnBBase Year: 202112 Sections

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Executive Summary

Milk Protein Market — Snapshot

Market Size (2021)
$11.46B
Projected (2030)
$20.53B
CAGR (2020–2030)
6.5%
Key Players
10+

Global milk protein market is expected to grow at 6.9% CAGR during the forecast period, 2022-2030.

Milk protein is a complex mixture of proteins found in milk, including casein and whey protein. It is a complete protein source, providing all the essential amino acids necessary for human nutrition. Milk protein is widely used in the food industry as an ingredient in various products such as cheese, yogurt, and protein supplements.

The global milk protein market is expected to grow due to increasing demand for protein-rich food products, rising health consciousness, and growing popularity of sports nutrition products. Furthermore, advancements in food processing technologies and increasing investment in research and development activities to create new and innovative milk protein products which drive the market growth during the forecast period. However, factors such as fluctuations in milk prices and concerns over lactose intolerance anticipated to hinder the market growth during the forecast period.

The global milk protein market is segmented into by type, form, and application. Based on the type the market is categorized into milk protein concentrate, milk protein isolate, milk protein hydrolysates, casein & caseinates, whey protein concentrate, whey protein isolate, and others. The form segment is divided into dry and liquid. Based on the application the market is bifurcated into Dairy Products & Frozen Desserts (Cheese, Yogurt, Ice Cream, and Others), Infant Formula, Dietary Supplements, Bakery & Confectionery, Beverages, Sweet & Savory Snacks, and Others. Also, the market report is analyzed into North America, Europe, Asia-Pacific, Rest of the World.

Key Insight

The Milk Protein Market market is projected to grow at a CAGR of 6.5% from 2020 to 2030.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

Geographic Coverage: This analysis covers 4 regions: North America, Europe, Asia Pacific, Rest of the World.
Market Segmentation: The market is analyzed across 7 segments: Milk Protein Concentrates, Whey Protein Concentrates, Milk Protein Isolates, Whey Protein Isolates, Milk Protein Hydrolysates, Casein and Caseinates, Others. Forecasts are provided for each segment from 2020 to 2030.
Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Milk Protein Market — Growth Trajectory

Milk Protein is derived from filtered milk and is formed from whey and casein proteins. Milk protein is generally treated in a way that keeps these proteins close to their natural state, but in a purer form. The milk protein yielded is an excellent source of calcium, high in branch chain amino acids and low in fat.

Milk Protein Market — Growth Trajectory

Milk Protein Concentrates

Whey Protein Concentrates

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

By Type is analyzed as a distinct market dimension.
By Form is analyzed as a distinct market dimension.
By Application is analyzed as a distinct market dimension.

Geographic Analysis

Regional market breakdown

North America market size reached $3.67B in 2020 and is projected to reach $6.28B by 2030, growing at a CAGR of 5.5%.
Europe market size reached $3.24B in 2020 and is projected to reach $5.69B by 2030, growing at a CAGR of 5.8%.

Asia Pacific market size reached $2.99B in 2020 and is projected to reach $6.43B by 2030, growing at a CAGR of 7.9%.
Rest of the World market size reached $1.06B in 2020 and is projected to reach $2.13B by 2030, growing at a CAGR of 7.2%.

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Research Methodology

Milk Protein Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

Base Year
2021
Historical Period
2020 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+

Research Process

Historical data (2020–2021) and forecast period (2021–2030)

Problem Definition

Market scoping
Objective setting
Framework design

Secondary Research

Literature review
Data mining
Trend analysis

Primary Research

Expert interviews
Field visits
Surveys

Data Analysis

Quantitative modeling
Statistical testing
Validation

Insights & Reporting

Synthesis
Recommendations
Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)

Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Milk Protein Market — Competitive Analysis

Many global, regional, and local vendors characterize the milk protein market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality milk protein products to survive and succeed in an intensely competitive market.

The market vendors’ growth depends on market conditions, government support, and industry development. Thus, the vendors should focus on expanding geographically and improving services. Arla Foods amba, Royal Friesland Campina N.V., Fonterra Co-Operative Group Limited, AMCO Proteins,Saputo Inc., Glanbia plc, Kerry Group plc, Havero Hoogwegt Group, Groupe Lactalis, and Theo Müller Group are the major companies in the market which compete in terms of availability, quality, price, and technology. They primarily focus on the development of milk protein products. Although international players dominate the market, regional and foreign players with small market shares also have a presence. The international players may strengthen their presence worldwide through acquisitions during the forecast period. It has also been forecast that improvement of the global economic scenario, combined with efforts to enhance infrastructure in emerging nations, is fueling the market growth, thereby making it an ideal time to launch new products of milk protein and increase the global market share.

Bargaining Power of Suppliers

The suppliers in the milk protein market are primarily the providers of raw materials and components. The suppliers have a high concentration, which decreases their bargaining power. The differentiation within the raw materials and components is low, but manufacturers tend to enter into associations with the suppliers to ensure consistency in quality and uninterrupted supply. This leads to the moderate cost of switching between suppliers. Therefore, the bargaining power of suppliers in the market is expected to be moderate.

Bargaining Power of Buyers

The concentration of buyers of milk protein is high, leading to a decrease in their bargaining power. Furthermore, the impact of brand identity in the global milk protein market is moderate. The cost of switching between providers is low due to the low differentiation between the products and services, which increases the bargaining power of the buyers. Thus, the bargaining power of buyers in the global milk protein market is expected to be moderate.

Threat of New Entrants

The players intending to enter the market are required to have permission from the regulating bodies as milk protein are manufactured considering the quality parameters and standards. Furthermore, the new entrants need to invest high capital in setting up manufacturing units or warehouses. They need to develop new technologies or special features to offer distinguished products and solutions in the market. Therefore, the threat of new entrants in the market is expected to be low.

Threat of Substitutes

There are no close substitutes for milk protein. So, the market players do not face much threat from substitutes, making the threat of substitutes moderate.

Intensity of Rivalry

The intensity of rivalry, among the players, in the milk protein market is high. These players in the market are investing substantially in the global milk protein market. Such factors are expected to make the intensity of rivalry in the global milk protein market moderate to high.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Milk Protein Market.

Regional Market Size (USD Mn)

Market estimates by geography (2030)

USD Mn

InsightAsia Pacific leads with $6.43B by 2030.

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Regional Market Data

REGION	2020	2021	2030	CAGR	SHARE
North America	$3.67B	$4.57B	$6.28B	5.5%	31%
Europe	$3.24B	$4.08B	$5.69B	5.8%	28%
Asia Pacific	$2.99B	$4.18B	$6.43B	7.9%	31%
Rest of the World	$1.06B	$1.43B	$2.13B	7.2%	10%
Total	$10.97B	$14.27B	$20.53B	6.5%	100%

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Segment Revenue (2030)

Milk Protein Concentrates

Whey Protein Concentrates

Milk Protein Isolates

Whey Protein Isolates

Milk Protein Hydrolysates

Casein and Caseinates

Others

02356

Milk Protein Concentrates25%
Whey Protein Concentrates21%
Milk Protein Isolates17%
Whey Protein Isolates14%
Milk Protein Hydrolysates10%
Casein and Caseinates8%
Others6%

Total Market Size

$20.53B

Market by Segment (2030)

APPLICATION	REVENUE ($B)	GROWTH RATE	MARKET PENETRATION
Milk Protein Concentrates	$5.03B	5.6%	25%
Whey Protein Concentrates	$4.33B	7.1%	21%
Milk Protein Isolates	$3.43B	5.9%	17%
Whey Protein Isolates	$2.83B	6.7%	14%
Milk Protein Hydrolysates	$2.11B	8.3%	10%
Casein and Caseinates	$1.60B	6.9%	8%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Milk Protein Market — Key Findings

Analytical insights on Milk Protein Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Milk Protein Market market is projected to reach $20.53B by 2030, growing at 6.5% CAGR. The Milk Protein Concentrates segment holds the largest share.

Market Dynamics

The global milk protein market is projected to register a CAGR of 6.9% during the forecast period. The milk protein market is driven by various factors such as rise in demand for nutrition-rich products in the dietary supplement segment, growing demand for high-quality protein which support the market growth during the forecast period. However, Allergies and intolerances and regulations and labeling requirements is expected to hamper the market growth during the forecast period. Moreover, Developing new and innovative products, and investment in marketing and branding are anticipated to offer various lucrative opportunities for the market players during the forecast period.

Market Drivers

The demand for nutrition-rich products in the dietary supplement segment has been increasing due to the growing awareness among consumers about the benefits of a healthy lifestyle. Milk proteins, such as whey and casein, are rich in essential amino acids and are considered to be high-quality proteins that can help build and repair muscles, support immune function, and improve overall health. The milk protein market has seen significant growth in recent years, driven by the increasing demand for functional foods and dietary supplements that contain milk proteins. This trend is anticipated to continue during the forecast period, as consumers increasingly seek out products that can help them maintain a healthy lifestyle and meet their nutritional needs.

Moreover, the rise in popularity of plant-based alternatives to animal-based products has also driven the demand for plant-based milk proteins, such as pea protein and soy protein. These proteins offer similar nutritional benefits to animal-based proteins and are suitable for consumers who follow a vegetarian or vegan diet. Thus, the demand for milk proteins in the dietary supplement segment is likely to continue to grow in the coming years, driven by the increasing consumer demand for nutrition-rich products and the expanding market for plant-based alternatives.

Market Opportunities

By developing new products that offer unique functional and nutritional benefits, manufacturers can differentiate themselves from competitors, expand their customer base, and potentially capture higher margins. The development of specialized protein ingredients that can be used in a wide range of food and beverage products is one of major area of innovation in the milk protein market. Moreover, milk protein isolates and concentrates can be used in sports nutrition products, infant formula, and meal replacements, among other applications. For instance, in August 2021, Lactalis India launched a protein-packed yogurt drink called Lactel Turbo Yoghurt Drink. Also, manufacturers can continue to explore new applications for milk proteins, such as in plant-based products or in products designed for specific health needs, such as weight management or muscle building.

Furthermore, there is an opportunity to explore alternative protein sources beyond traditional milk protein. For example, manufacturers can develop products that incorporate plant-based proteins, such as soy or pea protein, or that incorporate other animal-based proteins, such as whey or egg protein. Thus, developing new and innovative products is an important opportunity for the milk protein market, as it allows manufacturers to differentiate themselves from competitors, meet the changing needs of consumers, and potentially capture higher margins.

Market Restraints

Milk proteins are a common allergen, and many individuals are also lactose intolerant, which means they cannot digest lactose, a sugar found in milk. For individuals with these conditions, consuming milk protein products can cause adverse reactions, ranging from mild discomfort to severe allergic reactions. As a result, these individuals may avoid milk protein products altogether, which can limit the market for these products. Furthermore, the prevalence of these conditions is relatively high, particularly among certain populations. For instance, lactose intolerance is more common among individuals of Asian, African, and Hispanic descent. This can limit the demand for milk protein products in these markets.

To address these restraints, manufacturers of milk protein products may need to develop alternative formulations that are suitable for individuals with allergies or intolerances. This could include developing products that are lactose-free, or that use alternative protein sources, such as plant-based proteins. Thus, allergies and intolerances are a restraint for the milk protein market, there are opportunities for manufacturers to develop innovative products that address these issues and meet the needs of a broader range of consumers.

Strategic Outlook and Future Directions

The COVID-19 outbreak has significantly impacted the global milk protein market in various ways. The disruptions in the supply chain and transportation networks have affected the procurement of raw materials and logistics, leading to shortages, price fluctuations, and increased transportation costs. The production of milk protein has also been affected due to the shutdown of manufacturing facilities and labor shortages. Additionally, the pandemic has impacted the demand for milk protein in different application areas. While the demand for sports nutrition and infant nutrition has remained strong, the demand for milk protein in the food and beverage industry has declined due to reduced consumer spending and the closure of restaurants and cafes. Thus, the COVID-19 outbreak has had a significant impact on the milk protein market.

The COVID-19 outbreak has disrupted the global supply chain, leading to shortages and price fluctuations in raw materials. The closure of borders and transportation restrictions have also affected the import and export of raw materials, leading to supply chain disruptions.

The lockdowns and social distancing measures implemented by various countries have impacted the production of milk protein. Many manufacturing facilities were shut down temporarily, and labor shortages were observed due to restrictions on the movement of people.

The pandemic has disrupted transportation and logistics networks, making it challenging to move finished products and raw materials between countries and regions. This has resulted in delays in deliveries and increased transportation costs.

The pandemic has affected the demand for milk protein in various application areas such as sports nutrition, infant nutrition, and food and beverage industries. While the demand for sports nutrition and infant nutrition has remained strong, the demand for milk protein in the food and beverage industry has declined due to reduced consumer spending and the closure of restaurants and cafes.

Market Value by Segment (2030)

Value (USD Mn)

Milk Protein Concentrates

Whey Protein Concentrates

Milk Protein Isolates

Whey Protein Isolates

Milk Protein Hydrolysates

Casein and Caseinates

Others

Companies

Key companies profiled in Milk Protein Market

Profiles of 102 companies operating in the Milk Protein Market market, including revenue, employee count, and market positioning where available.

Region

Industry

Founded Year

Showing 102 of 102 companies

Groupe Lac

Groupe Lactalis

Food & Beverages

Company Headquarters: Laval, France Founded: 1933 Workforce: ~85,500 Company Working: Groupe Lactalis manufactures and sells various products associated with dairy. Besnier S.A. is the former name of Groupe Lactalis, the company is the largest producer of dairy products and the largest cheese producer across France. Bridel, Locatelli, Lactel, Rondele, and Sorrento are the major brands under which the company offers its products. Groupe Lactalis has a presence in more than 140 nations across the globe and has 65 manufacturing units in France and 13 in different nations. Apart from that the company has 270 sites for production in 52 countries around the world. Groupe Lactalis is a privately held business owned by the Besnier family. The main product lines of the company include milk (liquid), cheese, cream & butter, frozen or chilled products, dairy ingredients, and several other nutritional products. The products offered by the company have a range of applications for the production of confectionery products & chocolates, dairy products, frozen desserts, croissant-type pastries, cheeses, cooked meats, bread, clinical and infant nutrition products, biscuits, ready meals, and animal nutrition products. Galbani, Parmalat, Ambassador, Sante, Picot, Laicran, Lactel, Celia, President, Puleva, and Societe are the major brands under which the company markets its products, among these, there are three brands operates across the globe. The company has a significant presence across the globe with its industrial units, owing to its strong business strategies such as innovations in the product portfolio, development of brands, and sustainable methods for production.

Koninklijke FrieslandCampina N.V.

Food & Beverages

Company Headquarters: Netherlands Founded: 2003 Workforce: The company has employed more than 13000 employees. Company Working: Koninklijke FrieslandCampina (formerly Royal Friesland Foods) is one of the world’s largest dairy companies. The company makes and markets a range of cheeses and other fresh and long-life dairy products, as well as baby and toddler food, and fruit-based drinks in more than 100 countries worldwide. With branch offices in more than 30 countries worldwide, it sells its goods under brand names Alaska, Chocomel, Debic. Dutch Lady, Frisco, Milli, NOYNOY, and Rainbow. FrieslandCampina is fully owned by Zuivelcooperatie FrieslandCampina U.A. with approximately 16.995 member dairy farmers in the Netherlands, Belgium, and Germany. Most of its revenue originates outside the Netherlands.

Arla Food A.M.B.A

Company Headquarters: Denmark Founded: 2000 Workforce: The company has employed more than 8900 employees. Company Working: Arla Foods is the world’s fourth largest dairy company based on milk intake, and the world’s largest organic dairy producer. The almost 11.000-member cooperative’s consumer products include milk, butter, cheese, yogurt, and cream. Its major milk brands are Lactofree and Arla Organic Powdered Milk: its butter and spreads include Lurpak brand; and its primary cheese brands are Costello, Apetina, and Arla Cheese. It supplies powdered milk and cheese products to markets across Europe, the Americas. Asia, the Middle East and Africa. Arla also produces chilled coffee products in conjunction with Starbucks. The company traces its roots back in the 1880 when dairy farmers in Denmark and Sweden joined forces to produce and provide the best dairy products. Majority of its sales were generated in Denmark.

Fonterra Co-operative Group Ltd.

Food & Beverages

Company Headquarters: Auckland, New Zealand Founded: 2001 Workforce: ~19,608 Company Working: Fonterra Co-operative Group Limited (Fonterra) is a manufacturer and distributor of dairy products including cheese, lactose, yogurt, butter, milk, milk powders, casein, whey protein, and various other dairy ingredients and products. The company is formed and managed by a group of dairy farmers in Aotearoa, New Zealand, and currently has a network of more than 20,000 dairy farmers & workers. The company has a clientele network spread across 130 countries in the world. Anchor, NZMP, Anmum, Anlene, Anchor Food Professionals, and Farm Source are the range of brands the company is distributing its products. They are a total of 48 manufacturing sites, with the majority of manufacturing sites, 28 located in New Zealand. The global operations are carried out with the help of around 40+ offices present across the regions. Annually, the company collects around 18,455 million liters of milk with major sourcing from New Zealand followed by Australia and the rest of the world. Dairy Ingredients are sold under the brand New Zealand Milk Products (NZMP) and are presently owned by around 10,000 families involved in dairy farming. The brand’s reaching the global region with the help of its offices situated in 14 locations in compliment with a reselling network in North America, Europe, Australia, and New Zealand. NZMP sells dairy ingredients under the categories namely milk powder, protein, specialty, cheese, and dairy fats.

Auckland, New Zealand

Muller Mil

Muller Milk & Ingredients Droitwich

Food & Beverages

Company Headquarters: Germany Founded: 1896 Workforce: The company has employed more than 27000 employees. Company Working: The Theo Muller Group is a German-based company that specializes in the production and distribution of dairy products. The company was founded in 1896 and has since expanded to become a leading producer of yogurt, desserts, and other dairy-based products. The group operates several subsidiaries across Europe, including Müller Dairy UK, Müller Milk & Ingredients, and Müller Quaker Dairy in the United States. The group’s portfolio includes a wide range of brands, such as Müller, Weihenstephan, and Käsemeister. In addition to its own brands, the company also produces and distributes private label products for retailers. The company is committed to sustainability and has implemented several initiatives to reduce its environmental impact, including the use of renewable energy and the reduction of greenhouse gas emissions. The Theo Muller Group has a strong presence in the European and global dairy market and continues to expand its operations through strategic acquisitions and partnerships. The company’s focus on innovation and sustainability has helped it maintain its position as a leader in the dairy industry.

Havero Hoogwegt B.V.

Company Headquarters: Netherlands Founded: 1988 Workforce: The company has employed more than 1000 employees. Company Working: Havero Hoogwegt B.V. is primarily engaged in the wholesale distribution of dairy products, such as butter, cheese, ice cream and ices, and fluid milk and cream.

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Charts

12 interactive charts drawn from the Milk Protein Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.

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Milk Protein By Application Others Parent

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Milk Protein By Application

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Milk Protein By FORM

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Milk Protein By TYPE

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Milk Protein South America, Middle-East and Africa Of Rest Of The World

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Milk Protein China, India, Japan, Australia And New Zealand and Rest Of Asia Pacific By Country

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About the Author

Food & Beverages Research Team

Food & Beverages

Wantstats' food and beverage analysts wrote this report from primary sources — retail data, ingredient sourcing trends, and direct conversations with people in the industry. Every figure has been checked against proprietary datasets and reviewed internally before release.

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Joseph Aguayo

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Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.

Bong Lau

Sales Leader, Bamberg

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Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.

Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.

Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.

Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!

Jason Lee

R&D Director, Seojin

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Milk Protein Market

Milk Protein Market Research Report: Size, Share, Trend Analysis By Type (Milk Protein Concentrates, Milk Protein Isolates, Milk Protein Hydrolysates, Casein and Caseinates, Whey Protein Concentrates, Whey Protein Isolates), By Form (Dry, Liquid), By Application (Dairy Products and Frozen Desserts, Infant Formula, Dietary Supplements, Bakery and Confectionary, Beverages, Sweet and Savory Snacks) and By Region (North America, Europe, Asia Pacific, Rest of the World) - Growth Outlook & Industry Forecast To 2030

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$4,950

Milk Protein Market

Key Insight

Market Performance Trend

Market Scope & Coverage

What this report covers

Milk Protein Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Milk Protein Market — Competitive Analysis

Regional Market Data

Segment Revenue (2030)

Segment Market Share

Market by Segment (2030)

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Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2030)

About the Author

Food & Beverages Research Team

Market Performance Trend

Milk Protein Market — Growth Trajectory

Market Size Trend (USD Mn)

Market Dimensions

How this market is segmented

Geographic Analysis

Regional market breakdown

Problem Definition

Secondary Research

Primary Research

Data Analysis

Insights & Reporting

Research Depth

Historical vs. Forecast Data

Competitive Landscape & Porter's Five Forces

Milk Protein Market — Competitive Analysis

Regional Market Data

Segment Revenue (2030)

Segment Market Share

Market by Segment (2030)

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Key Analytical Findings

Market Dynamics

Market Drivers

Market Opportunities

Market Restraints

Strategic Outlook and Future Directions

Market Value by Segment (2030)

About the Author

Food & Beverages Research Team

Save over 20% on
Annual Subscription

Save over 20% on
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