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Dairy Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A5932
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Market Overview:
The global dairy protein market size reached US$ 14.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.06% during 2023-2028.
Dairy protein has multifunctional properties, such as antimicrobial, immunomodulatory, and antithrombotic. It enhances metabolic health by stimulating the formation of skeletal muscle while assisting in weight loss and fat mass reduction. It also helps prevent cancer by enhancing cellular levels of glutathione and promoting hormonal and cell-mediated immune responses. In addition, it reduces insulin resistance, improves glycemic control in diabetes, and enhances osmotic pressure of blood. As a result, it finds extensive applications in food and beverage (F&B), personal care and cosmetics, and nutraceutical industries across the globe.
Dairy Protein Market Trends:
The growing utilization of dairy protein as a texture modifier, carrier, and thickening, gelling, and foaming agent in the food and beverage (F&B) industry currently represents one of the key factors driving the market. Moreover, there is a rise in the adoption of nutritious and healthy diets due to the increasing health awareness among the masses. This, along with the growing consumption of protein supplements prepared from dairy protein, is positively influencing the market. In addition, dairy protein assists in repairing damaged cells and enhancing the overall growth of the body. This, coupled with the rising consumption of milk for strengthening the bones of the children around the world, is propelling the growth of the market. Besides this, key market players are extensively investing in research and development (R&D) activities to introduce products with enhanced properties, such as flavor, aroma, and performance, which is contributing to the growth of the market. Apart from this, the increasing global population with poor metabolic health across the globe is expected to bolster the growth of the market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global dairy protein market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, form and application.
Breakup by Type:
- Casein and Derivatives
- Whey Protein
- Milk Protein Concentrate
Breakup by Form:
- Solid
- Liquid
Breakup by Application:
- Food and Beverages
- Nutrition
- Personal Care and Cosmetics
- Feed
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Ace International LLP, AMCO Proteins, Arla Foods amba, Fonterra Co-operative Group Limited, Glanbia PLC, Grassland Dairy Products Inc., Groupe Lactalis, Idaho Milk Products, Kerry Group plc, Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc., United Dairymen of Arizona and Westland Milk Products (Yili Group).
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | US$ Billion |
| Segment Coverage | Type, Form, Application, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Ace International LLP, AMCO Proteins, Arla Foods amba, Fonterra Co-operative Group Limited, Glanbia PLC, Grassland Dairy Products Inc., Groupe Lactalis, Idaho Milk Products, Kerry Group plc, Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc., United Dairymen of Arizona and Westland Milk Products (Yili Group) |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global dairy protein market was valued at US$ 14.0 Billion in 2022.
We expect the global dairy protein market to exhibit a CAGR of 5.06% during 2023-2028.
The rising adoption of nutritious and healthy diet, along with the growing utilization of dairy protein as a texture modifier, carrier, and thickening, gelling, and foaming agent across the F&B industry, is primarily driving the global dairy protein market.
Based on the type, the global dairy protein market can be divided into casein and derivatives, whey protein, and milk protein concentrate. Currently, whey protein accounts for the majority of the global market share.
Based on the form, the global dairy protein market has been segregated into solid and liquid, where solid currently holds the largest market share.
Based on the application, the global dairy protein market can be bifurcated into food and beverages, nutrition, personal care and cosmetics, feed, and others. Among these, food and beverages exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global dairy protein market include Ace International LLP, AMCO Proteins, Arla Foods amba, Fonterra Co-operative Group Limited, Glanbia PLC, Grassland Dairy Products Inc., Groupe Lactalis, Idaho Milk Products, Kerry Group plc, Royal FrieslandCampina N.V., Saputo Inc., Schreiber Foods Inc., United Dairymen of Arizona, and Westland Milk Products (Yili Group).
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