The Milk Protein Global Market Report 2023, provides comprehensive information on the milk protein market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Milk Protein Global Market Report 2023, the global milk protein market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global milk protein market is expected to reach $16.94 billion in 2027 at a CAGR of 7.5%.
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Product innovation is a key trend in the milk protein market. Major players in the milk protein market are concentrating on creating new technological advancements to improve their competitiveness. For instance, in September 2022, Arla Foods, a Danish-Swedish multinational cooperative based largest producer of dairy products, launched a Lacprodan ISO, a new solution for protein bars. It has unique properties such as, it is made of high-quality protein, having low sugar, and higher protein content, and using premium ingredients. It is a ready-to-mix product that comes with whey protein isolate and dairy proteins and is expected to use a sugar-free alternative that helps individuals to tolerate those who experience digestive disturbances.
The milk protein market is segmented:
1) By Type: Milk Protein Concentrate, Milk Protein Isolate [MPI], Milk Protein Hydrolysates, Casein And Caseinates, Whey Protein Concentrate, Whey Protein Isolate, Other Types
2) By Form: Dry, Liquid
3) By Livestock: Cow, Buffalo, Goat
4) By Application: Dairy Products, Frozen Desserts, Infant Formula, Dietary Supplements, Bakery, Confectionery, Beverages, Sweet, Savory Snacks
5) By Distribution Channel: Online, Offline
North America was the largest region in the milk protein market in 2022.
The table of contents in TBRC’s milk protein market report includes:
1. Executive Summary
2. Milk Protein Market Characteristics
3. Milk Protein Market Trends And Strategies
4. Milk Protein Market – Macro Economic Scenario
5. Milk Protein Market Size And Growth
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26. Africa Milk Protein Market
27. Milk Protein Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Milk Protein Market
29. Milk Protein Market Future Outlook and Potential Analysis
30. Appendix
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