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 by Application (Packaged Products, Nutritional Products, Infant Formula, and Others) and Concentration (Low, Medium, and High): Global Opportunity Analysis and Industry Forecast, 2021–2027 . As per the report, the global milk protein concentrate industry was accounted for $3.00 billion in 2019, and is projected to reach $3.92 billion by 2027, growing at a CAGR of 5.3% from 2021 to 2027.
Drivers, restraints, and opportunities
Rise in demand for nutritional food, surge in awareness regarding health and nutritional food products, and increase in adoption of healthy lifestyle & diet drive the growth of the global milk protein concentrate market. Moreover, increase in protein intake using protein supplements the market growth. However, rise in trend of veganism hinders the market growth. On the contrary, untapped market for protein supplements and protein-based food products is expected to open lucrative opportunities for the market players in the future. ....

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