India Milk Protein Market Size (2024 - 2029)

India Milk Protein Market Analysis

The India Milk Protein Market size is estimated at USD 63.30 million in 2024, and is expected to reach USD 87.90 million by 2029, growing at a CAGR of 6.79% during the forecast period (2024-2029).

• Milk protein demand in India has been consistently strong due to its essential nutritional properties and widespread use in various food and beverage products. Milk proteins are valued for their high-quality amino acid profile, which makes them a complete protein source, containing all essential amino acids required by the human body. They are crucial in muscle growth, repair, and overall health. Additionally, consumers are becoming more health-conscious and seeking nutrient-dense food options, and in line with this, milk proteins are perceived as natural and healthy sources of protein compared to some processed alternatives. Hence, manufacturers in India often add it to high-protein foods and supplements as a cost-effective way to increase their protein content with little effect on flavor, which is driving its usage in the country.
• Additionally, consumption of the milk protein type in India is mainly led by the food and beverage segment, more particularly by the snacks, bakery, and dairy and dairy alternatives sub-segments. Milk proteins perform numerous critical functions in preparing products in these sub-segments, such as emulsification, thickening, gelling, and foaming. The ability to enhance the development and stabilization of oil droplets in emulsions is a crucial role played by milk proteins in food colloids. As a result, it is frequently used as an ingredient in various manufactured food colloids, including dairy desserts, nutritive drinks, ice cream, yogurt, spreads, confections, and baked products.
• Also, food and beverage manufacturers in the country are focused on developing innovative products by incorporating milk proteins which are expected further to drive the demand for milk proteins in the country. For instance, in February 2023, The scientists of the National Dairy Research Institute developed a 'Milk Protein-Enriched Millet Biscuits' and launched the product for sale at NDRI Milk Parlour. The manufacturer also claimed that several new milk-millet-based food products would soon be launched at the milk parlor. With such innovations happening in the country's market, it is expected that the players will have various opportunities to develop innovative milk proteins that can have multiple application capabilities to cater to different industries and manufacturers.

India Milk Protein Industry Segmentation

Milk Protein is a type of protein that is derived from filtered milk and is formed from whey and casein proteins. 

The Indian milk protein market is segmented based on the form and end-user. Based on the form, the market is segmented as concentrates, hydrolyzed, and isolates. By end-user, the market is segmented as animal feed, personal care and cosmetics, food and beverages, and supplements. The food and beverages, and supplements segments are further sub-segmented. The food and beverages segment is segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, RTE/RTC food products, and snacks. Similarly, the supplements segment is segmented into baby food and infant formula, elderly nutrition and medical nutrition, and sport/performance nutrition. 

The market sizing has been done in value terms in USD and for volume terms in volume in tons for all the abovementioned segments.