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.
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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
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)
Milk Mineral Concentrate, Granularity Outlook (Revenue - USD Billion, 2019 - 2032)
Milk Mineral Concentrate, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Milk Mineral Concentrate, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
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 |
|
Regional scope |
|
Competitive Landscape |
|
Report Format |
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Customization |
Report customization as per your requirements with respect to countries, region, and segmentation. |
For Specific Research Requirements |