Global Milk Mineral Concentrate Market size and share is currently valued at USD 116.53 million in 2023 and is anticipated to generate an estimated revenue of USD 177.69 million by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 4.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 – 2032
Market Overview:
Milk mineral concentrate, a by-product derived from the ultrafiltration of milk or whey, is rich in essential minerals such as calcium, phosphorus, magnesium, and potassium. This nutrient-dense concentrate is widely used in the food and beverage industry as well as in nutritional supplements for its ability to enhance bone health, improve metabolic functions, and fortify products with essential minerals.
The milk mineral concentrate market has been gaining momentum, driven by growing awareness of health and wellness, the rising demand for functional foods, and its increasing application across various industries. This article explores the market’s growth drivers and key trends influencing its future.
Market’s Growth Drivers:
- Rising Demand for Functional Foods and Beverages
As consumers become more health-conscious, the demand for functional foods and beverages fortified with essential nutrients has surged. Milk mineral concentrate, with its high mineral content, is a sought-after ingredient for developing products that support bone health, digestion, and overall wellness. - Increasing Prevalence of Osteoporosis and Bone-Related Disorders
The growing incidence of osteoporosis and other bone-related conditions, particularly among aging populations, has fueled the demand for calcium-rich products. Milk mineral concentrate, a natural source of calcium and other bone-supporting minerals, is being incorporated into dietary supplements and fortified foods to address these health concerns. - Shift Toward Clean-Label and Natural Ingredients
Consumers are increasingly opting for clean-label products that are free from artificial additives and preservatives. Milk mineral concentrate aligns with this trend, offering a natural and minimally processed source of essential minerals, making it an ideal choice for health-focused brands. - Expansion of the Sports Nutrition Market
The rising popularity of sports nutrition products has boosted the demand for milk mineral concentrate. Its mineral-rich profile makes it a valuable ingredient in sports drinks, protein powders, and recovery formulas, catering to athletes and fitness enthusiasts.
𝐆𝐞𝐭 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
Some of the major players operating in the global market include:
- Arla Foods Ingredients Group P/S (Denmark)
- ARMOR PROTEINES (France)
- Darigold Ingredients (US)
- Erie Foods International (US)
- Fonterra Co-Operative Group (New Zealand)
- FrieslandCampina DOMO (Netherlands)
- Glanbia PLC (Ireland)
- Kerry Group (Ireland)
- MILEI GmbH (Germany)
- Paras Dairy (India)
- Sachsenmilch Leppersdorf GmbH (Germany)
Recent Developments in the Industry:
- In November 2022, Arla Foods collaborated with First Milk to introduce whey protein “Nutrilac FO-7875.” This newly launched product is versatile and can be utilized across a wide range of applications.
- In April 2023, Valio announced the launch of its new infant-grade skimmed milk powder. Designed to meet the needs of infant milk formula (IMF) manufacturers, the product offers a more efficient and streamlined production process while ensuring the highest microbiological quality.
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:
The Milk Mineral Concentrate Market segmentation divides the market into several segments. The industry segmentation is primarily based on product type, application, end-use, and geographic factors. Besides, the research study covers several sub-segments of the market. An in-depth examination of each market segment and sub-segment has been provided, covering the industry size, growth prospects, industry drivers, and challenges. The detailed market segmentation helps stakeholders identify the diverse needs of different consumer groups in the market. Also, it pinpoints opportunities for targeted marketing and product development strategies.
Milk Mineral Concentrate Market, Calcium Content Outlook (Revenue – USD Million, 2019-2032)
- Less Than 20%
- 20% to 25%
- 26% to 30%
Milk Mineral Concentrate Market, Granularity Outlook (Revenue – USD Million, 2019-2032)
- Standard Powder
- Micronized Powder
- Others
Milk Mineral Concentrate Market, Application Outlook (Revenue – USD Million, 2019-2032)
- Infant Formula
- Functional Food
- Beverages
- Sports Nutrition
- Dietary Supplements
- Others
The milk mineral concentrate market is poised for significant growth, driven by increasing health consciousness, the rising demand for functional foods, and advancements in processing technologies. With its versatile applications and alignment with clean-label and sustainability trends, milk mineral concentrate is set to play a pivotal role in shaping the future of the food and nutrition industries. As manufacturers continue to innovate and expand their offerings, the market is expected to witness sustained growth and new opportunities in the coming years.