As per the current market research conducted by CMI Team, the global Milk Protein Isolate Market size is expected to record a CAGR of 5.7% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 13.2 Billion. By 2033, the valuation is anticipated to reach USD 21.7 Billion.
Milk Protein Isolate Market: Growth Factors and Dynamics
- Growing Demand for Nutritional Supplements: The Milk Protein Isolate (MPI) market is experiencing growth due to increasing consumer awareness of health and fitness. The demand for high-quality protein supplements, often containing MPI, rises as individuals focus on achieving fitness goals and maintaining a healthy lifestyle.
- Rising Preference for Clean Label and Natural Ingredients: Consumers are increasingly inclined towards clean label products and natural ingredients. MPI, derived from milk, aligns with this trend, as it is perceived as a natural protein source, driving its adoption in various food and beverage products.
- Expanding Application in Functional Foods: The versatility of MPI allows its incorporation into a wide range of functional foods, including energy bars, protein shakes, and nutritional snacks. As the market for functional and fortified foods grows, so does the demand for MPI as a protein-rich ingredient.
- Increased Focus on Sports Nutrition: The sports and nutrition industry is a significant driver for MPI. Athletes and fitness enthusiasts seek high-quality protein sources to support muscle development and recovery. MPI’s amino acid profile and digestibility make it a popular choice in sports nutrition products.
- Rising Consumer Interest in Dairy-Based Products: Dairy products fortified with protein, including MPI, witness increased popularity. The demand for protein-enhanced yogurt, beverages, and dairy-based snacks contributes to the overall growth of the MPI market, reflecting consumer interest in both taste and nutritional content.
- Innovations in Product Development: Ongoing innovations in food technology and product development contribute to the growth of the MPI market. Manufacturers introduce new formulations and applications, such as protein-fortified baked goods and ready-to-drink beverages, expanding the market’s reach and appeal to diverse consumer segments.
- Health and Wellness Trends: Increasing awareness of the role of protein in overall health and wellness drives the MPI market. Consumers recognize the importance of protein in maintaining muscle mass, supporting weight management, and promoting satiety, fostering a consistent demand for MPI in products that cater to health-conscious individuals.
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Milk Protein Isolate Market: Partnership and Acquisitions
- In 2022, Fonterra and Royal DSM have jointly launched a precision fermentation startup aimed at producing sustainable dairy proteins, including milk proteins. This innovative initiative reflects a commitment to advancing technology in the dairy industry and meeting the growing demand for environmentally friendly and ethically sourced protein alternatives.
- In 2021, Arla Foods introduced Lacprodan® Premium ALPHA-10, a win-win solution for dry blend protein manufacturing. This innovative product, rich in whey protein alpha-lactalbumin mirroring human milk composition, enables infant formula manufacturers to reduce production costs without compromising quality or safety. The formula provides a balance of essential amino acids, offering an advantageous solution for creating high-quality infant formulas.
- In 2021, Lactalis India introduced Lactel Turbo Yoghurt Drink, a protein-enriched beverage available in mango and strawberry flavors. This product reflects the company’s commitment to offering a delicious and nutritious option, providing consumers with a protein-packed and flavorful yogurt drink experience.
Milk Protein Isolate Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Milk Protein Isolate Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption in Supply Chain: The pandemic led to disruptions in the supply chain, affecting the production and distribution of Milk Protein Isolate (MPI). Restrictions on transportation and manufacturing facilities posed challenges, causing delays and shortages in the market.
- Shift in Consumer Spending and Priorities: Changes in consumer spending patterns during lockdowns impacted the demand for certain food products, including those containing MPI. With economic uncertainties, consumers reevaluated priorities, leading to fluctuations in the sales of premium or non-essential nutritional products.
- Closure of Foodservice and Hospitality Sector: The closure of restaurants, cafes, and the hospitality sector significantly reduced the demand for food ingredients like MPI, as these establishments form a substantial market for protein-fortified food and beverage products.
- Emphasis on E-commerce Channels: To overcome restrictions on traditional retail, the MPI market accelerated its presence in e-commerce channels. Manufacturers focused on strengthening online distribution networks, ensuring product availability, and reaching consumers directly.
- Product Innovation for Home Consumption: Recognizing the rise in at-home consumption, companies innovated by introducing MPI-infused products tailored for home use. This included ready-to-drink protein shakes, protein bars, and easy-to-prepare protein-fortified meals, aligning with the changing consumer behaviour during the pandemic.
- Adoption of Health and Wellness Trends: The heightened focus on health during the pandemic prompted an increased demand for nutritional products. MPI manufacturers positioned their products as essential for supporting immune health and overall well-being, capitalizing on the growing interest in health-conscious choices.
- Diversification of Application Areas: To mitigate the impact of reduced demand from specific sectors, such as sports nutrition or food service, the MPI market diversified its application areas. This involved exploring opportunities in the development of protein-enriched functional foods, beverages, and dietary supplements for broader consumer segments.
List of the prominent players in the Milk Protein Isolate Market:
- Arla Foods amba
- Fonterra Co-operative Group Limited
- Glanbia plc
- Kerry Group plc
- AMCO Proteins
- Hilmar Ingredients
- Idaho Milk Products
- Milk Specialties Global
- Carbery Group
- Saputo Inc.
- Armor Proteines
- Davisco Foods International Inc. (Agropur Inc.)
- Leprino Foods Company
- Westland Milk Products
- Lactalis Ingredients
- Others
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