Global Milk Protein Concentrate Market Projected to Grow at 4.6% CAGR from 2023 to 2031

[Violet]

A new market intelligence report by Reed Intelligence reveals that the Global Milk Protein Concentrate (MPC) Market is poised for strong expansion over the coming years. According to the report, the market is expected to grow at a compound annual growth rate (CAGR) of approximately 4.6% during the forecast period from 2023 to 2031.

Key Highlights
Base Year & Forecast: The report uses 2023 as the base year and projects growth through 2031, with a CAGR of 4.6%.

Largest Region: North America continues to dominate the market, fueled by advanced dairy processing infrastructure and strong consumer demand.

Fastest-Growing Region: The Asia-Pacific (APAC) region is identified as the fastest growing, driven by emerging economies and a growing middle class.

Largest Segment (by Type): The 70–85% protein content MPC segment holds the highest share.

Fastest-Growing Segment: The >85% protein content MPC segment is projected to expand rapidly over the forecast period.

Market Dynamics
Drivers
The primary growth drivers of the Milk Protein Concentrate market include a rising global demand for high-protein supplements and functional foods. Increasing consumer awareness around lactose intolerance is encouraging the adoption of MPC in various nutrition products. Additionally, food and beverage manufacturers are innovating with milk protein concentrates to develop value-added products in sports nutrition, infant nutrition, and personalized protein blends.

Restraints
On the flip side, the market faces challenges stemming from fluctuating raw milk prices and the high cost of processing. MPC production requires advanced filtration and drying technologies, which can be capital intensive. Supply chain volatility and regulatory complexities also pose constraints for smaller players, limiting their ability to compete.
Opportunities

Significant opportunities lie in expanding applications in nutrition and health sectors. The use of MPC in clinical nutrition, elderly nutrition, and functional food segments offers high-margin potential. Moreover, emerging markets in Asia-Pacific present lucrative growth avenues due to increasing health consciousness, urbanization, and rising disposable incomes.

Top Market Players

According to the report, key players operating in the global Milk Protein Concentrate market include:
Fonterra
Westland
Nutrinnovate Australia
Tatura
Darigold Ingredients
Idaho Milk
Erie Foods
Grassland
Glanbia
Kerry
Enka Süt
Paras

Segmentation
The report segments the global Milk Protein Concentrate market along the following lines:

By Type (Protein Content):
Content < 70%
Content 70%–85%
Content > 85%

By Application:
Dairy Products
Nutrition Products
Cheese Products
Others

By Region:
North America
Europe
Asia Pacific
LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence is a market research firm that provides in-depth analysis and insights on emerging trends, competitive landscapes, and growth opportunities across various industries.