Textured Milk Protein Market

Textured Milk Protein Market Outlook from 2023 to 2033

The global Textured Milk Protein market is expected to reach a market valuation of US$ 2,897 million by 2023, recording a CAGR of 4.1% from 2023 to 2033.

A form of protein generated from milk that has undergone processing to give it a particular texture and consistency is known as textured milk protein. This is accomplished by denatureing and reorganizing the proteins in milk using a variety of techniques, including heating, mechanical shearing, or chemical treatments. The end result has a texture that is similar to meat and can be used in vegetarian or vegan meals in place of meat.

Textured Milk Protein Market Size (2023E)	US$ 2,897 million
Textured Milk Protein Market Projected Size (2033F)	US$ 4,330 million
Value CAGR (2023 to 2033)	4.1%
Top 3 Countries Marketing Share	64%

It is frequently employed in the manufacturing of meat substitutes including veggie burgers, sausages, and nuggets. A good source of protein, low in fat, and rich in vital amino acids for the body is textured milk protein. In addition, it is comparatively inexpensive when compared to other meat alternatives, which attracts food producers.

In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Textured Milk Protein.

How Has the Market Progressed So Far in 2022?

Market Statistics	Details
Jan–Jun (H1), 2021 (A)	4.3%
Jul–Dec (H2), 2021 (A)	4.2%
Jan–Jun (H1),2022 Projected (P)	4.4%
Jan–Jun (H1),2022 Outlook (O)	4.2%
Jul–Dec (H2), 2022 Projected (P)	4.1%
Jul–Dec (H2), 2022 Outlook (O)	4.3%
Jan–Jun (H1), 2023 Projected (P)	4.4%

Historic v/s Future Outlook Comparison for Textured Milk Protein?

Consumers are focusing on eating nutritious food items that may give the necessary amount of nutrients, such as proteins, carbs, and other macronutrients, as they become more aware of their diet and lifestyle choices. The market for textured milk protein may grow as a result of this important factor because it is nutrient-dense and useful in a variety of sectors, including the food and baking industries. The preferences of customers also contribute to the growth of the market for textured milk protein. Due to the risk of disease and other adverse effects, customers are now less likely to select proteins obtained from meat.

Application as a Preservative

It is advantageous for the customer who is lactose intolerant to utilize textured milk protein as a food ingredient since it can boost the protein level of the food product without introducing lactose. Food products using textured milk protein won't have flaws like sandiness from lactose crystallization, browning from the Maillard process, etc. because lactose is absent. This will extend the shelf life of food goods containing textured milk protein. As a result, one of the major reasons propelling the textured milk protein market is the rising trend of lactose intolerance.

Comparative View of Associated Market

Soy Protein Ingredient Market:

Attributes	Soy Protein Ingredient Market
CAGR (2023 to 2033)	4.5%
Market Value (2023)	US$ 10.4 billion
Growth Factor	As soy protein is organic, it regularly replaces animal protein in foods that are sold all over the world.
Key Trend	Soy protein, a component of organic foods used in food processing, is manufactured from soybean meal that has been defatted and hulled.

Plant-Based Protein Market:

Attributes	Plant-Based Protein Market
CAGR (2023 to 2033)	7%
Market Value (2023)	US$ 11.7 billion
Growth Factor	Proteins are the most important nutrition for humans since they include all the essential amino acids that are required. Plant-based proteins are derived from a variety of protein-rich plants and vegetables, such as soy, wheat, and peas.
Key Trend	Demand for plant-based proteins is increasing as vegan and vegetarian communities are expanding and as consumers' lactose intolerance levels rise. Plant-based proteins are used as meat substitutes because they may mimic the taste and feel of meat.

Country-wise Insights

How the Sales of Textured Milk Protein Market Shaping in North America?

In North America, the market for textured milk protein is anticipated to expand over the next several years as consumers want more products using plant-based proteins. Consumers are looking for meat substitutes that have a similar flavor and texture to meat as the popularity of vegan and vegetarian diets grows. The two biggest markets for textured milk protein in North America are the United States and Canada, where there is a sizable concentration of substantial food processing firms. To meet consumer demand, these businesses are investing in R&D to develop fresh and cutting-edge textured milk protein products.

Why is there a Rising Demand for Textured Milk Protein in Asia Pacific?

Particularly in nations like India and Thailand, the Asia Pacific region boasts a sizable vegetarian and vegan population. Textured milk protein is a tasty substitute for meat that is frequently used in vegetarian and vegan meals. The food processing sector is expanding throughout Asia Pacific, and many food producers are trying to broaden their product lines. Textured milk protein is a flexible component that may be utilized in a range of food products, including snacks, baked goods, and meat alternatives, making it a popular choice among food producers.

How Big is the European Market for Textured Milk Protein?

It is anticipated that until the end of the prediction period, the Europe area will dominate. The increase in vegetarianism and the popularity of healthy cuisine are both responsible for this. Tight labeling regulations that include milk protein in their list and are approved by food safety organizations may increase demand in the local market. The expansion of the global market can be effectively boosted by France, the United Kingdom, and Denmark exporting milk products to the Middle East.

Category-wise Insights

Food Industry Propelling Growth

Protein bars, granola bars, and breakfast cereals are just a few of the convenience foods and snacks that contain textured milk protein. These goods are frequently promoted as wholesome and nourishing substitutes for common snacks and convenience foods. To improve the protein content of baked goods including bread, cakes, and pastries, textured milk protein can also be utilized. Those looking for high-protein options who are health-conscious will find this particularly enticing.

Other Uses

Infant formula also contains textured milk protein, which gives babies access to a high-quality protein source. This is especially crucial in nations where it's difficult to find breast milk or where there are doubts about its safety. Animal feed can also include textured milk protein, especially for young animals that need a high-protein diet. It is frequently included in the feed for growing pigs, chickens, and other animals since it is a strong source of protein.

Competitive Landscape

Textured Milk Protein market is only slightly fragmented. The major market players are concentrating on expansion tactics like mergers and acquisitions and extending their distribution networks to increase their market position. The manufacturers in the market used a variety of competitive methods, including product releases, free-from claims, and organic and natural origin claims.

• A French company called Lactips has earned notoriety for using milk protein to create plastic. The worldwide trend toward environmentally friendly packaging is expected to benefit the manufacturer and be very profitable for the business. Thermoplastic pellets are created using milk protein at its core and put through an industrial process to maintain product freshness and extend shelf life.

Scope of the Report

Attribute	Details
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	US$ million for Value and Metric Ton for Volume
Key Regions Covered	North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa
Key Countries Covered	United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others.
Key Segments Covered	Form, Type, End Use, and Region
Key Companies Profiled	Fonterra Co-Operative Group Société FIT Ingredia SA Kerry Group plc Socius Ingredients Hilmar Cheese Company Arla Foods Ingredients Group P/S
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Textured Milk Protein Market by Category

By Form:

• Powder
• Liquid

By Type:

• Whey Protein Concentrate
• Milk Protein Concentrate

By End Use:

• Bars
• Smoothies & Milkshakes
• Dairy
• Yogurt
• Cheese
• Cream
• Ice Creams
• Functional Food
• Sports Nutrition
• Breakfast Cereals
• Bakery

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East & Africa

Frequently Asked Questions

What is the global Textured Milk Protein Market reported by FMI for 2023?

The Textured Milk Protein Market is valued at US$ 2,897 million for 2023.

What is the Textured Milk Protein Market valuation expected for 2033?

The Textured Milk Protein Market valuation is expected to be US$ 4,330 million in the year 2023.

What is the projected CAGR for the Textured Milk Protein Market from 2023 to 2033?

The value of CAGR for the Textured Milk Protein Market is estimated to be 4.1%.

Which segment type will garner significant value share by 2023?

The food industry segment would garner significant market value share by 2023.