The global dairy proteinmarket 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 proteinmarket 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
Milk Protein Concentrate
Breakup by Form:
Breakup by Application:
Food and Beverages
Personal Care and Cosmetics
Breakup by Region:
Middle East and Africa
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).
Base Year of the Analysis
Type, Form, Application, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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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Key Questions Answered in This Report
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 sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of dairy protein.
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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