Milk protein concentrate is a concentrated milk product that contains 40% to 85% milk protein. It is considered as a complete protein as it contains both casein and whey protein in a similar ratio. Moreover, low amount of lactose present in milk protein concentrate powder (80%-85%) makes it safe for consumption for lactose-intolerant people. Milk protein concentrates are usually manufactured by filtration processes such as ultrafiltration, microfiltration, and diafiltration. The membrane separation technology in the mentioned processes removes the majority of lactose and soluble minerals and retains the milk protein, which is then spray dried.
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Market Dynamics
Growing health awareness and increasing application of milk protein concentrates in food and beverage products such as cheese and yoghurt are the key factors driving growth of the milk protein concentrate market. Development of the emerging markets such as Brazil, Russia, India and China are likely to adopt higher protein diets. Milk protein concentrates are used in natural beverages, cultured products, and to fortify frozen desserts. Moreover, conventionally used meat protein can increase the risk of heart disease and stroke, which has led to high adoption of milk protein concentrate.
Market Outlook
Among product type, protein <70% segment accounted for the highest market share in 2017, owing to high availability and less cost of protein <70% compared to other higher milk protein concentrates.
Among type of applications, food and beverages segment held dominant position in the market in 2017. Milk protein concentrate are widely being used in food and beverages such as soup, protein bars, and nutrition beverages, owing to their solubility, emulsification, foaming, whipping, and water binding property. Furthermore, this segment is expected to be dominant in terms of revenue share over the forecast period.
Key players in The Global Milk Protein Concentrates Market
Key players operating in the global milk protein concentrates market include, Fonterra, Arla Foods, Erie Foods Inc., Theo Müller, Glanbia Nutritionals, Friesland Campina, Murray Goulburn Co-operative, Darigolds, Lactalis, and Idaho Milk.
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