Milk Protein Market With Included Analysis of New Trends, Updates, and Forecast to 2034
The milk protein market forecast can be visualized around a US$ 16.34 billion mark by 2034 at a sluggish CAGR of 3.3%. The projected milk protein market size by 2024 will be US$ 11.83 billion.
Consumer awareness regarding physical fitness and well-being is rising. Due to this, emerging trends in milk protein applications can be observed that will likely cast the milk protein market growth.
The milk protein market size will inflate as the use of milk protein in bakery and confectionery products is increasing. This is a crucial growth driver for the milk protein market.
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The impact of lactose intolerance on milk protein consumption is assertive as they can form the perfect replacement compounds for lactose products. Hence, this forecasts steady growth for the subject market.