3A Business Consulting releases Milk Protein Book 2021

A new report on milk proteins from 3A Business Consulting, named The World Market for Milk Proteins 2020-2025, shows that the market for milk proteins is continuing its growth despite Covid-19. In general, dairy production and demand have to a large extent been maintained during the Covid-19 pandemic, however, there has been a significant shift from food service to retail and from traditional distribution channels to e-commerce, as well as increased price volatility. The B2B business for milk proteins is hardly affected by the pandemic. Given Covid-19, innovation and subsequently the number of product launches decreased in 2020, albeit there was a surge in products claiming a positive effect on immune health.

3A Business Consulting reports that the world market for milk proteins continues to grow by 2-3% annually in volume terms. Value has fluctuated over the review period 2016-2020 given the price volatility of milk ingredients. The prices of the higher value-added milk ingredients, e.g. milk protein isolates and milk protein hydrolysates, have not shown the same price volatility as the milk protein commodities such as casein and lower grades of milk protein concentrates. Currently, it is estimated that the world market for milk proteins is worth approximately USD $4.9 billion in constant 2020 prices and amounts to approximately 680,000 MT in 2020. The biggest product categories are casein/caseinates followed by milk protein concentrates 42-85.

“The main drivers for dairy remain intact – the world’s population continues to grow, living standards are improving, dairy consumption is increasing especially in the Asian region, and consumers are increasingly being motivated to buy products from a health and nutrition perspective including products with a higher protein content”, says Tage Affertsholt, managing partner of 3A Business Consulting.

The report provides an overview of the current and expected future global market for milk proteins. It is global in scope, with a comprehensive regional analysis of the EU, North America, Latin America, Eastern Europe, Asia, Middle East & Africa, and Oceania markets. Specifically, the report covers casein and caseinates, milk protein concentrates, milk protein isolates, total milk proteins, hydrolysed milk proteins, micellar casein, milk permeate powder as well as milk derived native whey proteins. The headlines are:

  • Regional market size volume for milk proteins 2020-2025
  • Milk protein demand per region
  • Key company presentations
  • Global survey of product launches containing milk proteins
  • Product properties and applications
  • World trade flows
  • Investments and acquisitions

Asia, including China, is the single major dairy market for traditional milk powders in the world, however China is also rapidly catching up with the EU and the US regarding casein/caseinates and milk protein concentrates/isolates, according to 3A Business Consulting. Consumption of real high-end milk proteins is still reportedly dominated by the EU and the US.

Production of milk powders is huge in Oceania, EU and US and the production of casein/caseinates and the other milk proteins is also the domain of Oceania, the EU, and the US.

Oceania and in particular New Zealand is playing the leading role in export trade followed by EU. For milk proteins, Asia, US and Middle East are the leading importing regions.

“No doubt the information and analysis contained in this report will provide dairy and other food ingredient companies with an important navigational tool in their strategic planning process”, says Affertsholt.

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