PUBLISHER: Grand View Research | PRODUCT CODE: 1728029
PUBLISHER: Grand View Research | PRODUCT CODE: 1728029
The global milk protein market size is estimated to reach USD 19.66 billion in 2030 and is anticipated to grow at a CAGR of 6.3% from 2025 to 2030, according to a new report by Grand View Research, Inc. Key drivers include increasing health consciousness and the adoption of protein-rich diets, particularly in emerging economies like China and India. The demand for infant formula, which heavily relies on milk proteins like casein and whey, is also a significant factor, driven by rising awareness of early-life nutrition and the growing number of working mothers. In addition, the sports nutrition and functional food sectors are expanding, further boosting demand for milk proteins due to their high nutritional value and versatility in food applications.
The concentrates milk protein held a major share of the market. They are widely used in infant formula, sports nutrition, and packaged dairy products like cheese and yogurt, driven by consumer demand for high-protein diets and health-conscious eating habits. The concentrates offer high protein content with low lactose levels, making them ideal for various applications. In addition, advancements in processing techniques and the growing preference for protein-rich foods have further boosted their market presence.
The powder milk protein segment held the largest share of the market. Powdered milk proteins, such as whey and casein, are easily incorporated into various food and beverage applications, including protein shakes, smoothies, and baking recipes. Their popularity stems from the development of flavored and functional formulations that cater to diverse consumer preferences and nutritional needs. In addition, powdered forms offer better shelf life and ease of transportation, making them a preferred choice for manufacturers and consumers.
Food & Beverages segment held the largest share of the market. Milk proteins are widely used in dairy items such as cheese, yogurt, and ice cream, as well as in non-dairy applications such as protein bars and baked goods. Their functional properties, including emulsification and texture enhancement, make them ideal for enhancing nutritional value and consumer appeal.
North America accounted for the largest share of the market. The region's thriving sports nutrition sector, which extensively uses milk proteins in supplements and beverages, is a key driver. In addition, advancements in food processing and regulatory standards set by organizations like the FDA ensure quality and safety, fostering trust among consumers. The U.S., with its large health-conscious population, plays a pivotal role in this market, further bolstering North America's position as the largest market share holder.
Various steps are adopted by the leading market players, including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.