IMARC Group, a leading market research company, has recently releases report titled “Dairy Protein Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global dairy protein market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the dairy protein market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 14 Billion |
| Market Forecast in 2028 | US$ 19.1 Billion |
| Growth rate (2023 to 2028) | CAGR of 5.06% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is dairy protein?
Dairy protein is derived from clean milk and produced from whey and casein proteins. It has antimicrobial, immunomodulatory, and antithrombotic properties, which aid in improving glycemic control, enhancing the osmotic pressure of blood, reducing insulin resistance, enhancing metabolic health, and stimulating the formation of skeletal muscle. Presently, product manufacturers operating worldwide are focusing on introducing products with improved properties, such as flavors and aromas, to expand their product portfolio. They are also financing promotional campaigns to increase their overall sales.
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What are the growth prospects and trends in the dairy protein industry?
At present, factors like the increasing awareness among individuals about the health benefits of dairy protein products and the rising health consciousness among the masses are among the major factors strengthening the market growth around the world. There is also a rise in the prevalence of obesity and other lifestyle diseases. Along with this, the increasing global population with poor metabolic health is favoring the market growth. The expanding purchasing power and the growing adoption of a healthy and nutritious diet are also driving the market. In addition, the increasing participation of individuals in recreational sports, fitness, and athletic activities is contributing to the market growth. Moreover, dairy protein is employed in the food and beverage (F&B) industry as a texture modifier, carrier, thickening, gelling, and foaming agent. It is used in the preparation of various dairy products and beverages and bakery goods, such as muffins, cupcakes, cookies, chocolate bars, shakes, smoothies, ice cream, and candies, which are served across restaurants and cafes. This, in turn, is providing a thrust to the market growth. Apart from this, it is utilized in the production of dietary supplements, such as pills, gummies, powders, liquids, and bars. Additionally, significant growth in the nutraceutical sector and the rising consumption of dietary supplements in daily routines for maintaining overall health are creating a positive outlook for the market. Furthermore, it is utilized in the production of baby food and infant formula. This, in confluence with increasing concerns of parents about the balanced nutrition of their children, is influencing the market positively. Besides this, dairy protein finds extensive application in the manufacturing of personal care and cosmetic products, such as creams, lotions, wipes, cleansers, moisturizers, shampoo, conditioners, face wash, serum, and foundations. These products are widely available through online and offline retail channels. This, in confluence with the burgeoning e-commerce industry, is offering lucrative growth opportunities to key players operating in the industry.
What is included in market segmentation?
The report has segmented the market into the following categories:
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 (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- 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
- Westland Milk Products (Yili Group)
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