Milk Mineral Concentrate Market $177.69 Million By 2032, CAGR: 4.8%

Milk Mineral Concentrate Market Size Worth $177.69 Million By 2032 | CAGR: 4.8%


The global milk mineral concentrate market size is expected to reach USD 177.69 million by 2032, according to a new study by Polaris Market Research. The report “Milk Mineral Concentrate Market Share, Size, Trends, Industry Analysis Report, By Calcium Content (Less Than 20%, 20% to 25%, and 26% to 30%); By Granularity; By Application; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The substantial increase in the prevalence of bone-related disorders like osteopenia & osteoporosis and drastic shift in consumer preferences for nutritional foods and supplements, driving the global market growth. Additionally, the rapid growth in health & wellness trend that promotes consumption of nutritional products like milk mineral concentrates, are also fostering the product demand. For instance, according to a report by the International Osteoporosis Foundation, nearly, around 75 Mn people in Europe, US, & Japan are affected by the osteoporosis.

Additionally, the surging number of favourable government initiatives that promotes the manufacturing and consumption of high-quality and healthy food products and increasing R&D activities that are mainly focused on developing new products for different applications like gut health and immunity, is also propelling the market in a positive way.

  • For instance, in October 2023, FrieslandCampina Ingredients, announced the launch of its new “Step Up Nutrition” portfolio that is mainly aimed at improving the growth and development, cognitive development, mental health, gut health, and immunity specially in children aged 3 to 12 years.

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As consumers worldwide are constantly becoming health-conscious and aware of food products they consume especially the generation Z and millennials, there is a spike in the demand for products like milk mineral concentrates.  With consumers have willingness to try new and different flavors or textures that substantially create huge demand for fermented food and beverages with high nutritional content, the market will see positive impact.

Furthermore, there has been an increase in the number of new entrants into the market who are extensively focusing on new product development and prioritizing quality assurance measures including rigorous testing, transparency in sourcing, adherence to regulatory standards and requirements, creating a competitive and healthy market environment. For instance, in January 2024, Nuchev, unveiled its first bovine product specially developed for older children and adults. The new milk powder incorporates bovine-sourced colostrum that is rich in minerals and support heart and bone health.

Milk Mineral Concentrate Market Report Highlights

  • 20% to 25% segment accounted for the largest share, due to growing demand for food products with significant amount of calcium and nutritional contents
  • Micronized powder segment expected to hold significant share, on account of its features like higher solubility in liquids and biocompatibility
  • Dietary supplements segment will grow at highest growth rate, that is driven by increasing consumption of healthy food products among consumers globally
  • Asia Pacific dominated the global market, owing to region’s widespread adoption of milk mineral concentrate and prevalence of calcium deficiency
  • The key market players include Erie Foods International, Kerry Group, Fonterra Co-Operative, Darigold Ingredients, Arla Food Ingredients, and AMCO Products

Polaris Market Research has segmented the milk mineral concentrate market report based on calcium content, granularity, application, and region:

Milk Mineral Concentrate, Calcium Content Outlook (Revenue - USD Billion, 2019 - 2032)

  • Less Than 20%
  • 20% to 25%
  • 26% to 30%

Milk Mineral Concentrate, Granularity Outlook (Revenue - USD Billion, 2019 - 2032)

  • Standard Powder
  • Micronized Powder
  • Others

Milk Mineral Concentrate, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Infant Formula
  • Functional Food
  • Beverages
  • Sports Nutrition
  • Dietary Supplements
  • Others

Milk Mineral Concentrate, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Milk Mineral Concentrate Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 121.70 billion

Revenue forecast in 2032

USD 177.69 billion

CAGR

4.8% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

  • By Calcium Content
  • By Granularity
  • By Application
  • By Region

Regional scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Milk Mineral Concentrate Market Share Analysis (2023)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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