Milk is mostly water — close to ninety percent.
Everything interesting is dissolved or suspended in that water: lactose, minerals, fat globules, and proteins. Even the protein portion is not a single thing. Roughly eighty percent of milk protein is casein, which naturally forms micellar structures and coagulates during cheese making. The remaining twenty percent is whey protein — soluble, heat-sensitive, and much faster digesting.
Before any “protein product” exists, the system must be simplified. Fat is removed mechanically by centrifugation, producing cream and skim milk. From a protein-manufacturing perspective, skim milk is the real starting point: stable, predictable, and suitable for separation.