Milk Protein Market Size To Reach $23.90 Billion By 2033

Milk Protein Market Growth & Trends

The global milk protein market size is expected to reach USD 23.90 billion by 2033, registering a CAGR of 6.5% from 2026 to 2033, according to a new report by Grand View Research, Inc. Key drivers include increasing health consciousness and the adoption of protein-rich diets, particularly in emerging economies like China and India. The demand for infant formula, which heavily relies on milk proteins like casein and whey, is also a significant factor, driven by rising awareness of early-life nutrition and the growing number of working mothers. In addition, the sports nutrition and functional food sectors are expanding, further boosting demand for milk proteins due to their high nutritional value and versatility in food applications.

The concentrates milk protein held a major share of the market. They are widely used in infant formula, sports nutrition, and packaged dairy products like cheese and yogurt, driven by consumer demand for high-protein diets and health-conscious eating habits. The concentrates offer high protein content with low lactose levels, making them ideal for various applications. In addition, advancements in processing techniques and the growing preference for protein-rich foods have further boosted their market presence.

The powder milk protein segment held the largest share of the market. Powdered milk proteins, such as whey and casein, are easily incorporated into various food and beverage applications, including protein shakes, smoothies, and baking recipes. Their popularity stems from the development of flavored and functional formulations that cater to diverse consumer preferences and nutritional needs. In addition, powdered forms offer better shelf life and ease of transportation, making them a preferred choice for manufacturers and consumers.

Food & Beverages segment held the largest share of the market. Milk proteins are widely used in dairy items such as cheese, yogurt, and ice cream, as well as in non-dairy applications such as protein bars and baked goods. Their functional properties, including emulsification and texture enhancement, make them ideal for enhancing nutritional value and consumer appeal.

North America accounted for the largest share of the market. The region's thriving sports nutrition sector, which extensively uses milk proteins in supplements and beverages, is a key driver. In addition, advancements in food processing and regulatory standards set by organizations like the FDA ensure quality and safety, fostering trust among consumers. The U.S., with its large health-conscious population, plays a pivotal role in this market, further bolstering North America's position as the largest market share holder.

Various steps are adopted by the leading market players, including new product launches, partnerships, mergers & acquisitions, global expansion, and others to gain more share of the market.

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Milk Protein Market Report Highlights

• Functional foods and beverages, which provide health benefits beyond basic nutrition, are gaining significant traction globally. Milk proteins play a crucial role in this segment due to their multifunctional properties, including emulsification, foaming, and gelation.

• Milk protein concentrates (MPCs) held a revenue share of 64.11% in 2025 due to their versatility and broad applicability across different industries

• Milk protein isolates are expected to grow at a CAGR of 7.8% from 2026 to 2033 due to rising demand for high-protein and functional nutrition products across sports nutrition, clinical nutrition, and functional food applications.

• Powdered milk proteins accounted for a revenue share of 90.17% in 2025 due to their long shelf life, ease of transportation, and versatile application across industries.

• The food and beverages application held a share of 46.60% of the milk protein market in 2025, driven by the growing demand for protein-enriched products in both developed and emerging markets.

• The North America milk protein industry accounted for a revenue share of 39.81% in 2025, supported by strong demand for protein-enriched foods, sports nutrition products, and dietary supplements

Milk Protein Market Segmentation

Grand View Research has segmented the global milk protein market report on the basis of product, form, application, and region:

Milk Protein Product Outlook (Volume, Kilo Tons; Revenue, USD Million, 2021 - 2033)

• Concentrates

• Hydrolyzed

• Isolates

Milk Protein Form Outlook (Volume, Kilo Tons; Revenue, USD Million, 2021 - 2033)

• Powder

• Liquid

Milk Protein Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2021 - 2033)

• Food & Beverages

  • Dairy Products

  • Bakery & Confectionery

  • Functional Foods

  • Beverages

  • Others

• Dietary Supplements

• Infant Formula

• Animal Feed

• Others

Milk Protein Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2021 - 2033)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • China

  • Japan

  • India

  • Australia & New Zealand

  • South Korea

• Central & South America

  • Brazil

• Middle East & Africa

  • South Africa

List of Key Players in the Milk Protein Market

• Saputo, Inc.

• Glanbia, Plc.

• Cargill, Inc.

• Nestlé S.A.

• Kerry Group plc

• Arla Foods Ingredients

• Fonterra Co-Operative Group Limited

• FRIESLANDCAMPINA N.V.

• Idaho Milk

• Groupe Lactalis