Milk Protein Concentrate Market Projected to Grow by 5.2% Annually until 2034
The Milk Protein Concentrate (MPC) market is set to experience steady growth from 2025 to 2034, driven by increasing demand for high-protein food products, health and nutrition trends, and the expanding food & beverage industry.
According to projections, the MPC market is expected to grow from around USD 1.22 billion in 2025 to approximately USD 1.55 billion by 2033, at a compound annual growth rate (CAGR) of about 3.0%. This growth is fueled by consumers' growing preference for protein-rich ingredients, supporting demand for MPC as a functional ingredient in various food and beverage products.
One of the key drivers shaping this growth is the expanding food & beverage sector. MPC is widely used for its longer shelf life, superior storage stability, and ease of integration, with the food and beverages application accounting for a large market share.
Another significant factor is the increasing demand for sports and nutrition applications. The rising popularity of sports nutrition, vegan, and flexitarian diets is expected to boost demand for protein concentrates and isolates due to their nutritional profile and texture-enhancing properties.
Product innovation and diversification are also key trends in the MPC market. Milk protein isolates are growing strongly as consumers seek ready-to-drink and convenient food options. Notable developments include Atura's new Ultra-Filtered MPC with improved emulsification and texture for protein bars and shakes.
The broader milk protein market, including MPC, is forecasted to grow at a higher CAGR of around 6.3% globally from 2025 to 2034, reaching USD 25.39 billion by 2034. However, MPC specifically shows a moderate CAGR of about 3.0%, reflecting steady niche growth within the overall protein market.
In terms of regional distribution, the Asia-Pacific region led the global MPC market in 2024, capturing a significant 47.3% share, valued at approximately USD 1.8 billion. The Powder form of MPC dominated in 2024, capturing 67.9% of sales.
Businesses in the MPC market are encouraged to focus on innovation, strategic partnerships, e-commerce, and sustainable practices to stay competitive. For instance, companies like Dana Dairy Group, AMCO Proteins, Erie Foods, and Cobot Creamery have expanded their MPC offerings to cater to growing demand for protein-enhanced food and beverage items, as well as health-focused applications.
In conclusion, the MPC market's growth from 2025 to 2034 will be moderate but consistent, primarily propelled by consumer trends favoring protein-enriched diets, expanding application sectors in food and nutrition, and ongoing product innovation in protein concentrates and isolates.
The MPC market growth is partially driven by the expansion in the food-and-drink industry, as MPC's long shelf life, superior storage stability, and ease of integration make it a popular functional ingredient in various food and beverage products. Businesses in the MPC market, seeking to remain competitive, are focusing on innovation, strategic partnerships, e-commerce, and sustainable practices, reflecting a shift in lifestyle choices that demand protein-rich ingredients in finance-backed businesses.
