Global Dairy Protein Market Insights Forecasts to 2032
- The Global Dairy Protein Market Size was valued at USD 11.62 billion in 2022.
- The Market is growing at a CAGR of 5.2% from 2022 to 2032
- The Worldwide Dairy Protein Market Size is expected to reach USD 19.26 billion by 2032
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Dairy Protein Market size is anticipated to exceed USD 19.26 billion by 2032, growing at a CAGR of 5.2% from 2022 to 2032. The growing demand for nutritionally dense products in urban areas will propel the dairy protein market forward. Furthermore, growing awareness about the importance of protein intake in overall health contributes to the growth of the global dairy protein market.
Protein is required for body growth, specifically for body maintenance, repairing, and replacing worn-out or damaged cells. Milk proteins are proteins extracted from milk in the form of isolates, concentrates, or hydrolysates. An adult of either gender, of any age or body weight, should consume 0.75 grams of protein per kilogram of body weight per day. Dairy proteins are essential nutrients that are used to make a variety of food products. They have numerous functionalities and bioactivities that aid in the processing of food products. Dairy proteins that include whey protein, casein, and milk protein are used in the preparation of a wide variety of food products as gelling agents, thickening agents, carriers, foaming agents, and texture modifiers. They are also widely used in a variety of industries such as animal feed, personal care, nutrition, and textiles. Food and beverage ingredient manufacturers have spent a lot of money on research and development to improve the taste, characteristics, or nutritional value of dairy protein. Whey and casein protein are the most popular protein supplement sources among consumers, which is projected to fuel demand for the dairy protein market.
For instance, in May 2023, The Israeli Ministry of Health (MOH) has granted a first-of-its-kind approval to Remilk, a global leader in the development and production of dairy protein free of animal products. This historic regulatory change allows Israeli consumers to purchase non-animal dairy products made with Remilk. Furthermore, it establishes the country as one of the first in the world to provide access to genuine, sustainable dairy products free of lactose, cholesterol, antibiotics, and growth hormones and produced without the use of cows.
This research report categorizes the market for the global dairy protein market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the dairy protein market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the dairy protein market.
Global Dairy Protein Market Report Coverage
|Market Size in 2022:||USD 11.62 Billion|
|Forecast Period:||2022 - 2032|
|Forecast Period 2022 - 2032 CAGR:||5.2%|
|2032 Value Projection:||USD 19.26 Billion|
|Historical Data for:||2018 - 2021|
|No. of Pages:||218|
|Tables, Charts & Figures:||136|
|Segments covered:||By Type, By Form, By Application, By Region|
|Companies Covered:||Arla Foods Inc, Cabot Creamery, Schreiber Foods, Royal Friesland Campina, Archer Daniels Midland Company, Kerry Inc, Fonterra Co-Operative Group (Fonterra), Groupe Lactalis, Dana Dairy Group, Saputo, Others|
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Proteins are the structural components of bones, skin, muscles, and blood. Protein is required by the human body to produce hormones, enzymes, and other body chemicals. Protein supplements have become increasingly common as a result of increased healthcare awareness and obesity concerns. The interest of consumers is shifting to nutritional and healthy diets, and they are increasing their protein consumption to receive extra nutrients from protein supplements made with dairy protein, which feeds the rise of dairy protein. As a result, it drives the expansion of dairy protein. Whey and casein protein are the most popular protein supplement sources among consumers, which is projected to boost demand for the dairy protein market.
Dairy protein will be avoided by vegans because it is derived from animals. As a result, the vegan population's demand for plant-based protein will increase rapidly. This could have a negative impact on the dairy protein market. Furthermore, the dynamic costs of raw materials for dairy protein may be a significant challenge for the dairy protein market's key players. These factors may limit market growth in the coming years to some extent.
The Global Dairy Protein Market share is classified into type, form, and application.
- The whey protein segment is expected to hold the largest share of the global dairy protein market during the forecast period.
The global dairy protein market is categorized by type into whey protein, milk protein concentrate, and others. Among these, the whey protein segment is expected to hold the largest share of the global dairy protein market during the forecast period. The expansion can be attributed to its widespread use in the personal care and cosmetics industries. Whey protein has long been used by athletes and bodybuilders to aid in overall body growth and muscle building. The increase in demand for sports nutrition products, as well as their value-added tag as clean label ingredients, are the two main factors driving market growth. During the forecast period, Asia-Pacific and LAMEA are expected to experience significant growth rates in value sales.
- The solid segment accounted for the largest share of the global dairy protein market in 2022.
Based on the form, the global dairy protein market is divided into solid and liquid. Among these, the solid segment accounted for the largest share of the global dairy protein market in 2022. The increased growth can be attributed to its improved stability and ease of handling and storage in liquid form. Its target customers prefer a solid protein format. The physical bulk state properties of the formulation are influenced by the solid form of proteins. Because they are high in calcium, protein, and vitamins, these protein sources are gaining popularity in the food and beverage industry.
- The food and beverages segment is expected to hold the largest share of the global dairy protein market over the forecast period.
Based on the application, the global dairy protein market is divided into food and beverages, nutrition, and others. Among these, the food and beverages segment is expected to hold the largest share of the global dairy protein market over the forecast period. Because of the increased use of whey protein and milk protein concentrate in the food and beverage industry, food and beverages have the largest market globally. The global dairy protein market is being driven by an increase in demand for dairy protein and other milk-extracted proteins. Growing demand from consumers for high-nutritional drinks in the United States and Canada is expected to boost demand for food and beverages in the region. The demand for dairy protein products has recently increased due to an increase in health-conscious consumers. Consumers are drawn to product offerings with appealing packaging and innovative flavors of dairy protein in the market, which boosts the expansion of the food & beverages segment.
Regional Segment Analysis of the Global Dairy Protein Market
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
North America is anticipated to hold the largest share of the global dairy protein market over the predicted timeframe.
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North America is projected to hold the largest share of the global dairy protein market over the predicted years. The health and fitness sector is projected to expand faster throughout the forecast period and demonstrates no indications of decreasing. This is due to an increase in U.S. consumers adopting a healthy lifestyle or participating in activities that promote active and healthy lifestyles. Approximately 20% of American adults currently belong to a fitness club, and this figure is expected to rise. Furthermore, an increase in demand for protein-rich food due to an increase in the number of health-conscious customers is expected to drive market growth. Consumers' preferences are gradually shifting away from convenience foods and towards dairy protein products, boosting market growth.
Asia Pacific is expected to grow at the fastest pace in the global dairy protein market during the forecast period. In many Asian countries, dairy protein is widely used in the food and beverage and nutrition industries. With increased awareness of casein & derivatives and whey protein as sports or refreshment drinks, the market for casein & derivatives and whey protein is expanding rapidly in the region. Milk protein concentrate is widely used as an ingredient in skincare products, which has recently gained popularity and is expected to drive the milk protein concentrate market in the future. China is Asia-Pacific's largest consumer of dairy protein, followed by Japan and Australia.
The report offers the appropriate analysis of the key organizations/companies involved within the global dairy protein along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Arla Foods Inc
- Cabot Creamery
- Schreiber Foods
- Royal Friesland Campina
- Archer Daniels Midland Company
- Kerry Inc
- Fonterra Co-Operative Group (Fonterra)
- Groupe Lactalis
- Dana Dairy Group
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
- In May 2022, Friesche Vlag launches Barista Oat, its first plant-based product in the Netherlands. This oat beverage has a mild flavor and foams easily, making it ideal for cappuccinos or macchiatos. Its introduction is in response to rising consumer demand for plant-based alternatives, giving coffee lovers more options.
- In May 2022, ADM, an international leader in nutrition and sustainable solutions, disclosed plans to significantly expand starch production at its Marshall, Minnesota, facility to meet fast-growing demand from the food and beverage industries, as well as to support the company's BioSolutions platform's continued expansion.
- In March 2023, ADM and New Culture form strategic alliance to expand alternative dairy protein products. With the help of ADM's extensive product development resources and capabilities, the companies will work to accelerate New Culture's food service and consumer applications.
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Dairy Protein Market based on the below-mentioned segments:
Global Dairy Protein Market, By Type
- Whey Protein
- Milk Protein Concentrate
Global Dairy Protein Market, By Form
Global Dairy Protein Market, By Application
- Food and Beverages
Global Dairy Protein Market, By Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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