Concern for Nutritional Values Thrives the Milk Protein Market, Says Market Data Forecast
The augmented use of Whey proteins due to their wide range of applications in foods & beverages industry has led to their significant market share among milk protein market products.
Hyderabad, India -- (SBWire) -- 02/26/2018 --Concern for nutritional values thrives the Milk Protein Market
Milk protein consists of diverse specific proteins, the primary group of milk proteins being the caseins and the rest of the proteins present in milk are classified along under the name of whey proteins. The main milk proteins, such as the caseins, ß-lactoglobulin, and a-lactalbumin, are made in the exocrine gland epithelial cells and are solely manufactured by the duct gland. The immunoglobulin and albumin in milk aren't produced by the epithelial cells, instead, they're absorbed from the blood. Caseins have an appropriate amino-alkanoic acid composition needed for growth and development of the nursing young. This high-quality protein in cow milk is one of the main reasons why milk is such a very important human food
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The global milk protein market is estimated to have a value of USD 9.78 billion in 2016. With a CAGR of 6.5%, the market size is expected to grow rapidly to cross USD 13.40 billion by 2022. The market growth apart from health benefits can be attributed to the wide range of applications and increasing platforms for introducing new applications of proteins.
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The augmented use of Whey proteins due to their wide range of applications in foods & beverages industry has led to their significant market share among milk protein market products. Various functionalities of whey proteins include confectionery, bakery, infant nutrition, sports nutrition, and desserts owing to its growth in the market.
On the basis of application, the largest share by volume of the market is contributed by Sports nutrition segment due to the growing trend toward reducing the fat content and calorie content, thereby increasing the protein content in food products. With the rise in awareness concerning health & nutrition products among the world population, wide applications of milk protein and positive investigations for health advantages create a platform for newer applications of protein, that induces the rise in demand and market growth for protein-based food products.
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As of now, North America with its high consumption of milk products due to the presence of health-conscious people accounted for the largest share of global milk protein market led by the USA, followed by Europe and the Asia Pacific. The Asia Pacific is expected to be the fastest growing region in nearby future.
The major market contributors for the global milk protein market are actalis Ingredients, Fonterra Co-operative Group, FrieslandCampina, Arla Foods, Saputo Ingredients, Glanbia PLC, Kerry Group plc, Havero Hoogwewt Group, Sachsenmilch Leppersdorf GmbH, and AMCO Protein.
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