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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