The global milk protein market is significantly competitive, with players such as Nestlé SA, Danone, and Arla Foods at the leading position. These companies maintain an edge in the competition due to their extensive availability of resources and innovation capabilities. Other players like Fonterra Co-operative Group and Lactalis Group are also key participants contributing through continuous product launches and geographical expansions. Industry leaders are refreshing their product lines due to the increasing consumer demand for more high-protein, health-oriented, and sustainable food options.
In March 2024, Haven, New Zealand's premium infant nutrition company, launched the world's first 100% oat-based toddler drink: Heaven Oat. This new product is specially designed for dairy-intolerant children and plant-based parenting. It is an indication of the trend in the industry toward alternative and plant-based feeding solutions. This development mirrors a growing trend among firms to broaden their product offerings in line with the changing dietary preferences of the world consumer base.
Here are some leading companies in the milk protein market:
Author Credits: Parul Atri
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