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Milk Protein Market Size

The Milk Protein Market is experiencing growth, with the food and beverage sector maintaining a dominant position due to the increasing demand for milk proteins in bakery, snacks, and beverages. The supplements sector is also witnessing significant demand, driven by the popularity of sports nutrition and infant formula. Asia-Pacific, particularly China, leads the market, supported by innovations and a rising health-conscious population. Europe holds the second-largest share, while the Middle East is projected to be the fastest-growing region. The global dairy industry's expansion and the nutritional benefits of milk proteins are key factors contributing to the market's growth trajectory.

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Market Size of milk protein Industry

Milk Protein Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.3 Billion
svg icon Market Size (2029) USD 1.66 Billion
svg icon Largest Share by End User Food and Beverages
svg icon CAGR (2024 - 2029) 5.04 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Milk Protein Market Analysis

The Milk Protein Market size is estimated at 1.3 billion USD in 2024, and is expected to reach 1.66 billion USD by 2029, growing at a CAGR of 5.04% during the forecast period (2024-2029).

1.3 Billion

Market Size in 2024 (USD)

1.66 Billion

Market Size in 2029 (USD)

4.09 %

CAGR (2017-2023)

5.04 %

CAGR (2024-2029)

Largest Market by Form

52.43 %

value share, Isolates, 2023

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The superior qualities and functionalities of MPIs, such as high protein content, lower carbs, and lower lactose content, make them the leading protein ingredient in the market.

Largest Market by End User

53.45 %

value share, Food and Beverages, 2023

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Milk protein has become increasingly popular in the food and beverage segment due to its nutritious value and appealing appearance. Milk proteins are widely used in pastries, drinks, and baked items.

Fastest Growing Market by Form

5.50 %

Projected CAGR, Hydrolyzed, 2024-2029

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Its high demand in the personal care sector hiked after research confirmed its benefits, such as reducing allergic infections on the skin is driving the demand.

Fastest Growing Market by End User

5.45 %

Projected CAGR, Supplements, 2024-2029

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The rising rates of gym memberships and recommendations for protein consumption by trainers are likely to propel the growth of the segment during the forecast period.

Leading Market Player

16.74 %

market share, Royal FrieslandCampina NV, 2021

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Royal FrieslandCampina NV gained a competitive edge over other market players owing to its extensive product portfolio and strategic innovations.

With 85.67% of milk protein demand in the bakery, snacks, and beverage industries, food and beverages segment has led the market

  • By application, the F&B sector retained the top position in the market throughout the review period. By volume, 85.67% of milk protein demand in the F&B segment was driven by the bakery, snacks, and beverage industries in 2022. Milk proteins are gaining popularity in low-acid beverages due to their greater solubility and heat stability. Similarly, milk proteins' high efficacy in egg replacement boosted its demand in the bakery industry, especially in countries where avian flu is a budding concern. Hence, the use of milk proteins in the F&B segment is anticipated to register a CAGR of 4.55%, by volume, during the forecast period.
  • On the other hand, the supplements sector also recorded a significant global demand. This was led by the growing demand for the sport and performance nutrition and baby food and infant formula industries, which accounted for shares of 33% and 66%, by volume, respectively, in the supplements segment. Sports and performance nutrition is projected to be the fastest-growing among all supplements sub-segments, recording a CAGR of 6.08% during the forecast period. Milk protein is an excellent alternative for bodybuilders due to its ability to offer a whey-to-casein ratio of 20:80. More than 75% of Americans take dietary supplements every year; with 79% of female adults and 74% of male adults claiming to consume at least one form of supplements with their diet.
  • In June 2020, the FDA decided to allow the inclusion of milk protein concentrate (MPC), milk protein isolate (MPI), and a few additional additives in products branded as "high protein milk," which is further expected to propel the market segment during the forecast period.
Global Milk Protein Market

Increasing population with rising prevalence of obesity and other health concerns, Asia-Pacific witnessed the highest market for milk protein

  • Asia-Pacific, particularly China (with a 33.8% share in the regional market in 2022), is the leading market for milk protein, aided by constant innovations targeting distinct end-user segments. Increases in the prevalence of obesity (roughly 27% of the population, more than half a billion people in 2020) and fitness enthusiasts choosing high-protein foods have positioned China as the market leader. The dairy industry has recorded immense growth globally, driving milk protein production. These proteins have immense applications in the bakery sub-segment in the food and beverages segment, followed by the supplements segment.
  • Europe holds the second-largest market share and has been attracting foreign investments in line with harmonization achieved by Turkish and EU Food Laws. Other regions hold enormous development potential, prompting multinational businesses to spend heavily in the milk protein market in Africa, South America, and the Middle East. Dairy ingredient maker Darigold, a major brand that offers milk protein concentrates, opened an office in Dubai in 2019 for improved service integration with customers in the Middle East and Africa.
  • The Middle East region is projected to be the fastest-growing in the market, with a CAGR of 6.25% by value during the forecast period 2023-2029. Due to the growing awareness of its nutritional value, raw material manufacturers are opening sales offices and selling products in the Middle Eastern market. In 2021, around 48.2% of people across Saudi Arabia practiced physical and sporting activities at least 30 minutes a week. The protein consumption in the supplements segment accounted for a volume of 8,234.4 ton in 2022 in Saudi Arabia.

Milk Protein Industry Segmentation

Concentrates, Hydrolyzed, Isolates are covered as segments by Form. Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements are covered as segments by End User. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • By application, the F&B sector retained the top position in the market throughout the review period. By volume, 85.67% of milk protein demand in the F&B segment was driven by the bakery, snacks, and beverage industries in 2022. Milk proteins are gaining popularity in low-acid beverages due to their greater solubility and heat stability. Similarly, milk proteins' high efficacy in egg replacement boosted its demand in the bakery industry, especially in countries where avian flu is a budding concern. Hence, the use of milk proteins in the F&B segment is anticipated to register a CAGR of 4.55%, by volume, during the forecast period.
  • On the other hand, the supplements sector also recorded a significant global demand. This was led by the growing demand for the sport and performance nutrition and baby food and infant formula industries, which accounted for shares of 33% and 66%, by volume, respectively, in the supplements segment. Sports and performance nutrition is projected to be the fastest-growing among all supplements sub-segments, recording a CAGR of 6.08% during the forecast period. Milk protein is an excellent alternative for bodybuilders due to its ability to offer a whey-to-casein ratio of 20:80. More than 75% of Americans take dietary supplements every year; with 79% of female adults and 74% of male adults claiming to consume at least one form of supplements with their diet.
  • In June 2020, the FDA decided to allow the inclusion of milk protein concentrate (MPC), milk protein isolate (MPI), and a few additional additives in products branded as "high protein milk," which is further expected to propel the market segment during the forecast period.
Form
Concentrates
Hydrolyzed
Isolates
End User
Animal Feed
Food and Beverages
By Sub End User
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
RTE/RTC Food Products
Snacks
Personal Care and Cosmetics
Supplements
By Sub End User
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
Region
Africa
By Form
By End User
By Country
Nigeria
South Africa
Rest of Africa
Asia-Pacific
By Form
By End User
By Country
Australia
China
India
Indonesia
Japan
Malaysia
New Zealand
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Form
By End User
By Country
Belgium
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Form
By End User
By Country
Iran
Saudi Arabia
United Arab Emirates
Rest of Middle East
North America
By Form
By End User
By Country
Canada
Mexico
United States
Rest of North America
South America
By Form
By End User
By Country
Argentina
Brazil
Rest of South America
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Milk Protein Market Size Summary

The milk protein market is experiencing significant growth, driven by its diverse applications across various sectors. The food and beverage industry remains the dominant sector, with substantial demand stemming from bakery, snacks, and beverage industries. The increasing popularity of milk proteins in low-acid beverages due to their solubility and heat stability, along with their efficacy in egg replacement, particularly in regions concerned about avian flu, underscores their expanding role in this sector. Additionally, the supplements industry is witnessing robust demand, particularly in sports and performance nutrition, as well as baby food and infant formula. The ability of milk protein to provide a favorable whey-to-casein ratio makes it a preferred choice for bodybuilders, further fueling its market growth. Regulatory changes, such as the FDA's approval of milk protein concentrates and isolates in high-protein milk products, are expected to further boost the market.

Regionally, Asia-Pacific, led by China, is at the forefront of the milk protein market, driven by innovations targeting specific end-user segments and a growing preference for high-protein foods among fitness enthusiasts. Europe holds the second-largest market share, with significant foreign investments, while the Middle East is projected to be the fastest-growing region due to increasing awareness of nutritional benefits. North America remains a key player in the sports nutrition market, with a rising trend in athleticism and health-conscious dietary shifts. The global milk production landscape is also evolving, with Asia contributing significantly to output growth, while Europe and other regions face challenges such as declining dairy cattle numbers and labor shortages. The market is moderately consolidated, with major players like Agrial Enterprise, Fonterra Co-operative Group Limited, Glanbia PLC, Kerry Group PLC, and Royal FrieslandCampina NV leading the charge in innovation and product development.

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Milk Protein Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Form

      1. 1.1.1 Concentrates

      2. 1.1.2 Hydrolyzed

      3. 1.1.3 Isolates

    2. 1.2 End User

      1. 1.2.1 Animal Feed

      2. 1.2.2 Food and Beverages

        1. 1.2.2.1 By Sub End User

          1. 1.2.2.1.1 Bakery

          2. 1.2.2.1.2 Beverages

          3. 1.2.2.1.3 Breakfast Cereals

          4. 1.2.2.1.4 Condiments/Sauces

          5. 1.2.2.1.5 Dairy and Dairy Alternative Products

          6. 1.2.2.1.6 RTE/RTC Food Products

          7. 1.2.2.1.7 Snacks

      3. 1.2.3 Personal Care and Cosmetics

      4. 1.2.4 Supplements

        1. 1.2.4.1 By Sub End User

          1. 1.2.4.1.1 Baby Food and Infant Formula

          2. 1.2.4.1.2 Elderly Nutrition and Medical Nutrition

          3. 1.2.4.1.3 Sport/Performance Nutrition

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Form

        2. 1.3.1.2 By End User

        3. 1.3.1.3 By Country

          1. 1.3.1.3.1 Nigeria

          2. 1.3.1.3.2 South Africa

          3. 1.3.1.3.3 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Form

        2. 1.3.2.2 By End User

        3. 1.3.2.3 By Country

          1. 1.3.2.3.1 Australia

          2. 1.3.2.3.2 China

          3. 1.3.2.3.3 India

          4. 1.3.2.3.4 Indonesia

          5. 1.3.2.3.5 Japan

          6. 1.3.2.3.6 Malaysia

          7. 1.3.2.3.7 New Zealand

          8. 1.3.2.3.8 South Korea

          9. 1.3.2.3.9 Thailand

          10. 1.3.2.3.10 Vietnam

          11. 1.3.2.3.11 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Form

        2. 1.3.3.2 By End User

        3. 1.3.3.3 By Country

          1. 1.3.3.3.1 Belgium

          2. 1.3.3.3.2 France

          3. 1.3.3.3.3 Germany

          4. 1.3.3.3.4 Italy

          5. 1.3.3.3.5 Netherlands

          6. 1.3.3.3.6 Russia

          7. 1.3.3.3.7 Spain

          8. 1.3.3.3.8 Turkey

          9. 1.3.3.3.9 United Kingdom

          10. 1.3.3.3.10 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Form

        2. 1.3.4.2 By End User

        3. 1.3.4.3 By Country

          1. 1.3.4.3.1 Iran

          2. 1.3.4.3.2 Saudi Arabia

          3. 1.3.4.3.3 United Arab Emirates

          4. 1.3.4.3.4 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Form

        2. 1.3.5.2 By End User

        3. 1.3.5.3 By Country

          1. 1.3.5.3.1 Canada

          2. 1.3.5.3.2 Mexico

          3. 1.3.5.3.3 United States

          4. 1.3.5.3.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Form

        2. 1.3.6.2 By End User

        3. 1.3.6.3 By Country

          1. 1.3.6.3.1 Argentina

          2. 1.3.6.3.2 Brazil

          3. 1.3.6.3.3 Rest of South America

Milk Protein Market Size FAQs

The Global Milk Protein Market size is expected to reach USD 1.30 billion in 2024 and grow at a CAGR of 5.04% to reach USD 1.66 billion by 2029.

In 2024, the Global Milk Protein Market size is expected to reach USD 1.30 billion.

Milk Protein Market Report Snapshots

Milk Protein Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029