Market Size of Europe Milk Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 4.38 % |
| Largest Market | Turkey |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Milk Protein Market Analysis
The European milk protein market was valued at USD 324.6 million for the current year and is projected to register a CAGR of 4.38% over the next five years.
- Demand for milk protein-based products, such as protein supplements and functional foods, has increased due to the trend of embracing protein-rich diets for fitness and active lifestyles; in the preparation of a wide variety of food products, dairy proteins such as whey protein, casein, and milk protein act as gelling agents, thickening agents, carriers, foaming agents, and texture modifiers. It is also extensively used in a variety of sectors, such as textiles, personal care, nutrition, and animal feed.
- The growing popularity of nutritional supplements and sports nutrition, where milk protein is a popular ingredient because it contains high-quality protein. The popularity of plant-based milk substitutes has increased the need for dairy protein products as an option to accommodate various dietary choices.
- Demand for milk protein sourced from organic and non-genetically modified organism (GMO) sources has increased as a result of consumers' preference for organic and clean-label products. For instance, per capita consumption of organic food in the European Union was EUR 104.3 (USD 123.35) in 2021, according to the International Federation of Organic Agriculture Movements (IFOAM )-Organics International.
- The market has grown as a result of the inclusion of milk proteins in a variety of functional snacks and drinks, such as those that are protein-rich. The food and beverages segment leads the market, driven by the bakery and dairy and dairy alternative products.
- The constant developments in product formulations utilizing milk proteins for diverse applications, such as in bread, confectionery, and dairy goods, in the food and beverage industry. The rise in functional food and beverage is boosting the demand for protein ingredients. In terms of convenience and product formulations, milk protein innovation is gaining traction in the market, mainly in the bakery and breakfast cereal sub-sectors.
