Milk Protein Concentrate Market to Hit $3.92 Bn, Globally, by 2027 at 5.3% CAGR: Allied Market Research

Rise in demand for nutritional food, surge in awareness regarding health and nutritional food products, increase in adoption of healthy lifestyle & diet drive the growth of the global milk protein concentrate market.

Portland,OR, June 29, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, global Milk Protein Concentrate Market generated $3.00 billion in 2019, and is projected to reach $3.92 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027. The report provides a detailed analysis of changing market dynamics, top winning strategies, key segments, regional landscape, key investment pockets, and competitive scenario.

Rise in demand for nutritional food, surge in awareness regarding health and nutritional food products, and increase in adoption of healthy lifestyle & diet drive the growth of the global milk protein concentrate market. Moreover, increase in protein intake using protein supplements the market growth. However, rise in trend of veganism hinders the market growth. On the contrary, untapped market for protein supplements and protein-based food products is expected to open lucrative opportunities for the market players in the future.

Download Sample PDF (191 Pages with More Insight): https://www.alliedmarketresearch.com/request-sample/10923

Covid-19 scenario:

  • The outbreak of Covid-19 negatively affected the milk protein concentrate market due to reduction in production because of strict lockdown regulations.
  • Moreover, the prolonged lockdown resulted in  supply chain disruption and in supply-demand gap.

By application, the packaged products segment held the lion’s share in 2019, accounting for more than one-third of the global milk protein concentrate market. Moreover, the segment is estimated to register the highest CAGR of 5.6% during the forecast period, due to rise in the consumption of protein-rich packaged foods and surge in demand for functional dairy and high protein cheese among consumers. The report includes a detailed analysis of other segments such as nutritional products, infant formula, and others.

Get detailed COVID-19 impact analysis on the Milk Protein Concentrate Market: https://www.alliedmarketresearch.com/request-for-customization/10923?reqfor=covid

By concentration, the high concentration segment is projected to portray the highest CAGR of 5.5% during the forecast period. In addition, the segment held the largest share in 2019, contributing to more than half of the global milk protein concentrate market, owing to surge in consumption of supplements and rise in health awareness.

By region, the market across North America dominated in 2019, accounting for around one-third of the market, due to increase in interest of consumers for foods that contain high amount of protein and growing affinity for packaged and functional food with high concentration of protein. However, the global milk protein concentrate market across Asia-Pacific is anticipated to showcase the highest CAGR of 6.9% during the forecast period, owing to increase in purchasing power of consumers and rise in the middle-class population.

For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/10923

The global Milk Protein Concentrate Market includes an in-depth analysis of the prime market players such as Kerry Group Plc, Arla Foods Amba, Fitsa Group, Lactalis Corporation, Cabot Creamery Cooperative, Dana Dairy Group, Royal Frieslandcampina N.V., Saputo Inc., Schreiber Foods Inc., and Fonterra Co-Operative Group Limited.

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada): +1-800-792-5285, +1-503-446-1141
International: +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on |  Facebook  | Twitter | LinkedIn