Dairy Proteins Market

Dairy Proteins Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Dairy Proteins Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 12364.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 19,202.3 Mn by 2032 end.

People are more mindful of their health, focusing on eating nutritious, healthy meals and consuming more protein to complement their diets with protein supplements made with dairy proteins,which in turn is driving the growth of the dairy protein market.

Consumers most frequently take whey and casein proteins as protein supplements, which is anticipated to fuel the market for dairy proteins. The demand for infant formula prepared with dairy proteins is increasing due to consumers’ perceptions of the high nutritional content of the procedure and their children’s growing health consciousness.

Market Dynamic

GROWING DEMAND FOR PROTEIN-ENRICHED FOOD IS FUELING THE GROWTH OF THE DAIRY PROTEIN MARKET

Growing demand for pediatric food, international trends in health and wellness, and a few other factors are driving the dairy protein market. Dairy protein is also linked to several health advantages. In addition to helping to meet the demand for vital amino acids, dairy proteins are a prominent food source for patients with obesity disorders.

Another important aspect is the increased use of protein components, which has benefited the global dairy protein market due to growing knowledge about nutritional enrichment and a healthy lifestyle. The growing interest in sports and fitness is another key factor propelling the global dairy protein market.

INTRODUCTION OF PROTEIN SUPPLEMENTS IN UNTAPPED MARKET TO PROVIDE OPPORTUNITIES FOR THE GLOBAL DAIRY PROTEIN MARKET

In many parts of Africa, including Zimbabwe, Burundi, Liberia, Eritrea, and other developing nations, protein supplements and dietary products based on proteins are still in their infancy. Manufacturers of protein supplements have a great chance because these are still underutilized. The advantages of protein supplements, which are anticipated to offer profitable prospects for market expansion, are still unknown in these areas.

Market Segments Covered in Report

By Type:

• Casein and Derivatives
• Whey protein
• Milk Protein Concentrate

By Application:

• Food & Beverages
• Nutrition
• Personal Care & Cosmetics
• Feed
• Others

By Form:

• Solid
• Liquid

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is Milk Protein Concentrate estimated to account for the largest market share?

Due to the widespread use of milk protein concentrates in the personal care and cosmetics industries, this product is predicted to dominate the worldwide dairy market. Additionally, throughout the forecast period, demand for Milk Protein Concentrates would increase at a CAGR of 5.6%.

The two key drivers of the market’s expansion are the rising demand for sports nutrition products and their added value as clean-label ingredients. Value sales are anticipated to expand considerably during the projected period in Asia-Pacific and LAMEA.

Why are Food & Beverages expected to expand the fastest during the forecast period?

Due to the increased use of whey protein and milk protein concentrate in the food and beverage industry, this sector is currently the largest internationally. It is predicted to expand at a CAGR of 4.9% throughout the forecast period. The global market for dairy protein is driven by the increase in demand for dairy protein and other milk-extracted proteins.

Rising consumer demand for highly nutritive drinks in the United States and Canada is projected to boost regional food and beverage consumption. Due to the rise of health-conscious customers, there has been a recent increase in the demand for dairy protein products.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• The largest region, with a market share of 29.6%, is Europe. At a CAGR of 4.6%, it is predicted to reach USD 5310 million by 2032. Due to the rising demand for dairy proteins like milk protein concentrate in various food and beverage preparations such as bakery goods, snacks, and confectioneries, the market for these products is expected to expand rapidly. In addition, the rise in demand for sports drinks and the expansion of youth sports participation in the region result in higher consumption of casein and its derivatives, predicted to increase at the fastest pace during the projection period.
• North America consumes more dairy protein than other regions because it consumes more food products with nutritional value.

Competition Analysis

These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for dairy protein worldwide, the market players can anticipate attractive future growth prospects.

A list of some of the key suppliers present in the market are:

• Westland Milk Products
• Idaho Milk Products
• Fonterra Co-operative Group
• CytoSport, Inc.
• Anchor
• United Dairymen of Arizona
• Grassland Dairy Products, Inc.
• PepsiCo
• com
• Glanbia plc
• Unternehmensgruppe Theo Müller
• Tatura Milk Industries Ltd
• Milk Specialties
• LAÏTA PGC
• Darigold
• AMCO Proteins
• ACE International
• Avani Food Products

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.