India Milk Protein Market Size (2024 - 2029)

The India Milk Protein Market is experiencing growth driven by strong demand due to its nutritional benefits and versatility in food and beverage applications. Milk proteins are increasingly favored for their complete amino acid profile, supporting muscle growth and overall health, which aligns with the rising consumer trend towards health-conscious eating. The market's expansion is further supported by the food and beverage sector, particularly in snacks, bakery, and dairy products, where milk proteins play essential roles in product formulation. Manufacturers are innovating by incorporating milk proteins into new products, enhancing market opportunities and driving further growth in the sector.

Market Size of India Milk Protein Industry

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India Milk Protein Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 63.30 Million
Market Size (2029) USD 87.90 Million
CAGR (2024 - 2029) 6.79 %
Market Concentration Low

Major Players

India Milk Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Milk Protein Market Analysis

The India Milk Protein Market size is estimated at USD 63.30 million in 2024, and is expected to reach USD 87.90 million by 2029, growing at a CAGR of 6.79% during the forecast period (2024-2029).

  • Milk protein demand in India has been consistently strong due to its essential nutritional properties and widespread use in various food and beverage products. Milk proteins are valued for their high-quality amino acid profile, which makes them a complete protein source, containing all essential amino acids required by the human body. They are crucial in muscle growth, repair, and overall health. Additionally, consumers are becoming more health-conscious and seeking nutrient-dense food options, and in line with this, milk proteins are perceived as natural and healthy sources of protein compared to some processed alternatives. Hence, manufacturers in India often add it to high-protein foods and supplements as a cost-effective way to increase their protein content with little effect on flavor, which is driving its usage in the country.
  • Additionally, consumption of the milk protein type in India is mainly led by the food and beverage segment, more particularly by the snacks, bakery, and dairy and dairy alternatives sub-segments. Milk proteins perform numerous critical functions in preparing products in these sub-segments, such as emulsification, thickening, gelling, and foaming. The ability to enhance the development and stabilization of oil droplets in emulsions is a crucial role played by milk proteins in food colloids. As a result, it is frequently used as an ingredient in various manufactured food colloids, including dairy desserts, nutritive drinks, ice cream, yogurt, spreads, confections, and baked products.
  • Also, food and beverage manufacturers in the country are focused on developing innovative products by incorporating milk proteins which are expected further to drive the demand for milk proteins in the country. For instance, in February 2023, The scientists of the National Dairy Research Institute developed a 'Milk Protein-Enriched Millet Biscuits' and launched the product for sale at NDRI Milk Parlour. The manufacturer also claimed that several new milk-millet-based food products would soon be launched at the milk parlor. With such innovations happening in the country's market, it is expected that the players will have various opportunities to develop innovative milk proteins that can have multiple application capabilities to cater to different industries and manufacturers.

India Milk Protein Industry Segmentation

Milk Protein is a type of protein that is derived from filtered milk and is formed from whey and casein proteins. 

The Indian milk protein market is segmented based on the form and end-user. Based on the form, the market is segmented as concentrates, hydrolyzed, and isolates. By end-user, the market is segmented as animal feed, personal care and cosmetics, food and beverages, and supplements. The food and beverages, and supplements segments are further sub-segmented. The food and beverages segment is segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, RTE/RTC food products, and snacks. Similarly, the supplements segment is segmented into baby food and infant formula, elderly nutrition and medical nutrition, and sport/performance nutrition. 

The market sizing has been done in value terms in USD and for volume terms in volume in tons for all the abovementioned segments.

Form
Concentrates
Hydrolyzed
Isolates
End User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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India Milk Protein Market Size Summary

The India Milk Protein Market is experiencing robust growth, driven by the increasing demand for milk proteins due to their nutritional benefits and versatility in food applications. Milk proteins are highly valued for their complete amino acid profile, making them a preferred choice for consumers seeking natural and healthy protein sources. This demand is further fueled by the rising health consciousness among consumers, who are increasingly opting for nutrient-dense food options. The food and beverage sector, particularly snacks, bakery, and dairy products, is the primary driver of this market, with manufacturers incorporating milk proteins to enhance product functionality and nutritional value. Innovations such as milk protein-enriched products are expected to further propel market growth, offering manufacturers opportunities to develop diverse applications catering to various consumer needs.

The market is characterized by a fragmented landscape with numerous players, including both local and international companies, actively expanding their presence in India. Key players are engaging in strategic initiatives such as partnerships, product expansions, and technological advancements to maintain a competitive edge. The use of milk protein concentrates, known for their high protein content and economic value, is gaining traction due to their functional and nutritional properties. These concentrates are particularly popular in protein-fortified beverages and low-carbohydrate foods, contributing to the market's expansion. The growing demand for milk proteins is also reflected in the increasing imports, underscoring the segment's potential for continued growth in the coming years.

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India Milk Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Heath Concerns are Boosting the Demand for Milk Protein

      2. 1.1.2 Growing Demand for Performance Nutrition and Beverages

    2. 1.2 Market Restraints

      1. 1.2.1 Rising Demand and Popularity of Plant-based Proteins

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products and Services

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Form

      1. 2.1.1 Concentrates

      2. 2.1.2 Hydrolyzed

      3. 2.1.3 Isolates

    2. 2.2 End User

      1. 2.2.1 Animal Feed

      2. 2.2.2 Personal Care and Cosmetics

      3. 2.2.3 Food and Beverages

        1. 2.2.3.1 Bakery

        2. 2.2.3.2 Beverages

        3. 2.2.3.3 Breakfast Cereals

        4. 2.2.3.4 Condiments/Sauces

        5. 2.2.3.5 Dairy and Dairy Alternative Products

        6. 2.2.3.6 RTE/RTC Food Products

        7. 2.2.3.7 Snacks

      4. 2.2.4 Supplements

        1. 2.2.4.1 Baby Food and Infant Formula

        2. 2.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 2.2.4.3 Sport/Performance Nutrition

India Milk Protein Market Size FAQs

The India Milk Protein Market size is expected to reach USD 63.30 million in 2024 and grow at a CAGR of 6.79% to reach USD 87.90 million by 2029.

In 2024, the India Milk Protein Market size is expected to reach USD 63.30 million.

India Milk Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)