Acknowledging the kind of traction gained by this market, Industry Data Analytics recently published a study report asserts the global Milk Protein Isolate Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 6.5% during the review period (2022 to 2027).
The growing accessibility of eyeglasses and sunglasses in retail and online channels in emerging and developed economies is projected to drive the market throughout the forecast period. Individuals' growing disposable incomes in developing countries have fueled the demand for more expensive sunglasses. Worldwide, the Milk Protein Isolate market is predictable to be driven by growing brand consciousness.
The fashion segment has a huge impact on the trends in this area. With the introduction of 3-D printing, spectacles can now be customized quickly and easily. Fast fashion trends in accessories such as sunglasses have been fueled by the growth of social media platforms such as Instagram and TikTok. Industries are belligerently engaging with social media influencers to enlarge their brand's visibility and customer reach globally. Furthermore, prominent competitors in the eyeglasses industry are working on mergers and acquisitions to expand the geographic reach of their products.
According to the World Health Organization (WHO), around 2.2 Billion people are suffering from eye blindness and vision impairment. Furthermore, over a billion people across the globe suffer from vision impairment owing to be deprived of the care they require to treat conditions such as cataracts, glaucoma, and short and far sightedness, among others. A growing number of people suffering from ocular disorders are projected to boost the sales of Milk Protein Isolate products in the forthcoming years. Furthermore, the increasing number of geriatric population in developed and developing regions will bode well for the growth of the market during the forecast period 2022-2027.
Industry Developments:
Saputo Announces Two Strategic Acquisitions in the Dairy Alternatives and Value-Added Ingredients Segments
May 25, 2021: Saputo Inc. (“Saputo” or “the Company”) (TSX: SAP) announces two strategic acquisitions in each of the dairy alternatives and value-added ingredients segments, representing a combined investment of approximately CDN$187 million.
Arla Foods Ingredients launched its first organic ingredient
10-Aug-2020:Arla Foods Ingredients has launched the first ever organic micellar casein isolate, helping manufacturers meet demand for organic, natural and functional protein products.
The Foldable Intermediate Bulk Containers (IBC) Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, and the prices they charge. These are the main players in this market includes Royal FrieslandCampina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), Theo Müller Group (Germany) and others.
Milk Protein Isolate Market is segmented based on the Types , applications, End users, companies and regions.
Global Milk Protein Isolate Market, by Product Type
Global Milk Protein Isolate Market, by Distribution Channel
Global Milk Protein Isolate Market, by Applications
North America generated revenue of USD 31 billion in the previous year and is anticipated to hold the market's highest share throughout the forecast period 2022-2027. The growing acceptance of vision care products is projected to boost the growth rate of the market in this region.
In the current market landscape, the contact lens segment is projected to experience an increase in acceptance in Asia Pacific and Latin American countries, owing to the aesthetic value offered by the product type. However, in established countries of North America and Europe, the contact lens segment is predictable to witness a dip in the adoption rate due to the higher cost and maintenance associated with the product. Furthermore, unfavorable reimbursement policies related to vision correction in these developed countries may affect the contact lens segment's growth during the forecast period.
Report Attributes | Report Details |
Forecast Period 2022 to 2027 CAGR | CAGR of 6.5% during the review period (2022 to 2027). |
By Filtration Method |
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By Application |
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By Companies | Royal FrieslandCampina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), Theo Müller Group (Germany) |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 110 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Milk Protein Isolate Market is studied from 2017 - 2027.
What is the growth rate of Milk Protein Isolate Market?
The Milk Protein Isolate Market is growing at a CAGR of 6.5% over the next 5 years.
Who are the leading key players in Milk Protein Isolate Market?
Royal FrieslandCampina N.V. (Netherlands), Fonterra Co-Operative Group Limited (New Zealand), Arla Foods amba (Denmark), AMCO Proteins (US), Saputo Inc. (Canada), Glanbia plc (Ireland), Kerry Group plc (Ireland), Havero Hoogwegt Group (Netherlands), Groupe Lactalis (France), Theo Müller Group (Germany)
What regions regions does this Milk Protein Isolate Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Milk Protein Isolate Market?
Ultrafiltration, Diafiltration
What are the significant applications of Milk Protein Isolate Market?
Dietary Supplements, Bakery and Confectionary, Dairy Products, Pharmaceuticals, Nutraceuticals
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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