Canada Milk Protein Market Size

Canada Milk Protein Market Analysis

The Canada milk protein market size is expected to grow from USD 31.3 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 3.94% during the forecast period.

• In the milk protein market, milk protein isolates are gaining a lot of attention, as milk protein isolates are suitable for lactose-intolerant consumers and available at higher costs. The ease of use offered by powdered supplements contributes to the segment's growth. Consumers' reliance on supplements to satiate their protein needs also drives growth.
• Milk protein hydrolyzed is projected to be the fastest-growing milk protein type. Its increasing application in personal care and cosmetics is anticipated to drive the segment. The rising gym membership rates and a rising number of trainers recommending protein intake are projected to propel the growth of supplements during the forecast period.
• Additionally, demand for milk protein may rise as a result of population growth or an increase in the percentage of people who need more protein. Further, the demand for milk protein has increased as a result of its use in a variety of food products, such as functional foods, protein bars, and sports nutrition supplements. Moreover, companies are launching innovative products using milk protein as a key ingredient.
• For instance, Saputo announced the launch of the Joyya brand of ultra-filtered milk in Canada, claiming that milk in the range contains approximately 75% more protein and 25% less sugar than regular milk. Hence, trends in dietary preferences in favor of more protein- and health-conscious food choices, including milk protein products, drive the market.