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The rising infant birth rate is likely to stimulate innovation in milk protein synthesis, hence propelling the market throughout the forecast period.

The global milk protein market is expected to grow from $11.76 billion in 2022 to $12.67 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The global milk protein market size is expected to reach $16.94 billion in 2027 at a CAGR of 7.5%.

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Global Milk Protein Market Segments Include:

• By Type: Milk Protein Concentrate, Milk Protein Isolate [MPI], Milk Protein Hydrolysates, Casein And Caseinates, Whey Protein Concentrate, Whey Protein Isolate, Other Types
• By Form: Dry, Liquid
• By Livestock: Cow, Buffalo, Goat
• By Application: Dairy Products, Frozen Desserts, Infant Formula, Dietary Supplements, Bakery, Confectionery, Beverages, Sweet, Savory Snacks
• By Distribution Channel: Online, Offline
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global milk protein market in 2021.

Major Market Players in the milk protein market include Royal FrieslandCampina N.V., Fonterra Co-Operative Group Limited, Arla Foods amba, AMCO Proteins, Saputo Inc., Glanbia PLC., Kerry Group PLC., Havero Hoogwegt Group, Lactalis Ingredients.

Product development is a major trend in the milk protein market. To increase their competitiveness, major companies in the milk protein market are focusing on developing new technological developments. For example, in September 2022, Arla Foods, the leading manufacturer of dairy products in Denmark and Sweden, developed a Lacprodan ISO, a new solution for protein bars. It has distinct characteristics such as being produced of high-quality protein, having a reduced sugar level, a greater protein content, and using premium ingredients. It is a ready-to-mix product that contains whey protein isolate and dairy proteins and is intended to utilise a sugar-free alternative that aids in the tolerance of those who suffer from digestive issues.

The Milk Protein Global Market Report 2023  provides a milk protein market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The milk protein market forecast analyzes milk protein market size, milk protein market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Milk protein is a protein derived from filtered milk that contains both whey and casein proteins. They have a variety of nutritional and functional purposes.

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