Milk Protein Concentrate Market , 2023 – 2032

In 2022, the milk protein concentrate market was valued at $153.46 million and is projected to experience a compound annual growth rate (CAGR) of 5.5% throughout the forecast period. This growth is primarily attributed to the escalating awareness surrounding the significance of protein in maintaining a balanced diet, fueling the demand for high-protein products like milk protein concentrates. These concentrates offer essential functional properties such as emulsification and texturization, rendering them indispensable ingredients in various food processing applications, particularly in dairy and non-dairy product manufacturing. Moreover, the burgeoning emphasis on health and fitness, coupled with the increasing demand for sports nutrition products, has further propelled the utilization of milk protein concentrates in protein supplements and sports beverages. Their versatility enables seamless integration into a broad spectrum of food and beverage offerings, including bakery items, dairy products, and nutritional supplements.