Market Size of United Kingdom Milk Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.05 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United Kingdom Milk Protein Market Analysis
The United Kingdom milk protein market size is expected to grow from USD 38.59 million in 2023 to USD 49.37 million by 2028, at a CAGR of 5.05% during the forecast period (2023-2028).
- Nutritional fortification of food and drinks is gaining popularity in the country. This coincides with a general increase in people's motivation to live healthier lifestyles, which can be seen in the marketplace. The country's supply of dairy ingredients will benefit greatly from this. In addition, the rising demand for dairy ingredients like milk protein is being fueled by the versatility of these products across a variety of end-user industries in the country, including the bakery, confectionery, nutritional beverage, meat, and dairy sectors. There has been an upsurge in the consumption of organic and other items with clean labeling.
- Thus, there has been a rise in demand from many end-user industries for organic and clean-label dairy proteins. This has prompted a slew of domestic product launches and consolidations in response to the market's shifting priorities, and it's anticipated that this would enhance demand in the country's market of interest.
- In addition, dairy companies are increasing their self-sufficiency in cheese production. For instance, the data revealed in Agriculture and Horticulture Development Board reports that the country recorded 92% self-sufficiency for cheddar production in 2019. Also, the data disclose that Cheddar cheese accounted for 49% of total cheese volumes sold during the 52 w/e 26 December 2021.
- Furthermore, increasing investments in the sports nutrition industry owing to the growing consumer interest in sports drinks and supplements is driving the demand for dairy protein ingredients in the United Kingdom. Over the years, whey protein concentrates (WPC), whey protein isolates (WPI), and dairy-derived whey have become ingredients of choice in manufacturing ready-to-drink protein shakes and high-protein meal replacements. For instance, according to the Office for National Statistics (UK), in 2021, the total sales value for protein concentrates manufactured in the United Kingdom (UK) surpassed GBP 463 million. Over the years, dairy protein concentrate has become an ingredient of choice in manufacturing ready-to-drink protein shakes and high-protein meal replacements.
