Market Size of China Milk Protein Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2020 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2018 - 2019 |
| CAGR | 5.18 % |
| Market Concentration | High |
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China Milk Protein Market Analysis
The China Milk Protein Market stood at 108.99 million usd in 2021 and is projected to register a CAGR of 5.18% to reach 140.32 million usd in 2026.
- Largest Segment by Form - Isolates : Superior qualities and functionalities, such as high protein content, with lower carbs and lower lactose content, make MPIs the leading protein ingredient in the market.
- Largest Segment by End User - Food and Beverages : The F&B segment leads the market, majorly driven by beverages, snacks, and bakeries sub-segments. The rise in functional F&B is boosting the demand for protein ingredients.
- Fastest Growing Segment by Form - Hydrolyzed : Milk protein concentrate is projected to be the fastest-growing milk protein type. Its growing application, predominantly in beverages, is anticipated to drive the segment.
- Fastest Growing Segment by End User - Food and Beverages : In terms of convenience and product formulations, milk protein innovation is gaining traction in the market, mainly in the beverages and condiments/sauces sub-sectors.
