PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284181
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1284181
Dairy Protein Market Forecasts to 2028 - Global Analysis By Type (Milk Protein Concentrate, Casein and Derivatives and Whey protein), Form (Liquid and Solid), Application and By Geography
According to Stratistics MRC, the Global Dairy Protein Market is accounted for $11.77 billion in 2022 and is expected to reach $17.66 billion by 2028 growing at a CAGR of 7.0% during the forecast period. Dairy proteins are nutritional elements that are utilised in the preparation of a variety of food products. They offer numerous functions and bioactivities that are beneficial in the preparation of food goods. Dairy proteins such as whey protein, casein, and milk protein are used in the preparation of a wide range of food products as gelling agents, thickening agents, carriers, foaming agents, and texture modifiers. They are also commonly utilised in a variety of industries such as animal feed, personal care, nutrition, and textiles.
According to Danone, the Infant Milk Formula market in the country grew by four times in ten years since 2007, holding about 45% of global market share in 2017.
Market Dynamics:
Driver:
Increase in demand for protein as nutritional and functional ingredients
Proteins serve as the foundation for bones, skin, muscles, and blood. Protein is required by the human body for the production of hormones, enzymes, and other bodily components. Protein supplements are now widely used as a result of rising healthcare awareness and weight concerns. Consumers are shifting their focus to nutritional and healthy diets, as well as increasing their protein consumption in order to acquire extra nutrients from protein supplements created with dairy protein, which drives the increase of dairy protein. This, in turn, fuels the growth of dairy protein.
Restraint:
The surge in demand for plant-based protein
Non-vegetarians are gradually lowering their intake of animal-based foods such as beef, pig, and chicken and are increasingly receptive of a vegetarian lifestyle. This shift can be attributed to customer demand for a healthy diet. Additionally, consumers are concerned about the hygiene practises used in farm animal rearing. As a result, customers are looking for alternatives to animal-based proteins. Plant-based proteins provide a practical and environmentally favourable alternative to animal proteins, which will likely limit the growth of the dairy protein market over the forecast period.
Opportunity:
Introduction of protein supplements in untapped market
Protein supplements and protein-based food products are still in their early phases in several African countries, including Zimbabwe, Burundi, Liberia, Eritrea, and others. These are still largely untapped, which presents an excellent opportunity for protein supplement manufacturers. Furthermore, these regions are still uninformed about the benefits of protein supplements, which are expected to provide lucrative opportunities for market growth.
Threat:
Negative impact on climate change
The negative implications of the dairy protein business on climate change are a major market challenge. The methane gas excreted by dairy cattle is a threat to the world climate. This is expected to prompt several governments to develop regulatory programmes for dairy protein production. This is expected to slow the overall growth of the dairy protein market throughout the forecast period.
COVID-19 Impact:
The food and beverage industry is currently facing more challenging conditions due to the COVID-19 illness outbreak. The dairy industry and food processing firms are also affected by this global epidemic, as their primary focus is currently on milk and other dairy-based critical products. The dairy protein production process necessitates a large amount of operational work, which is currently hampered by the COVID-19 disease due to a labour shortage, so that other necessary dairy products can be produced. As a result, the COVID-19 has a moderate effect on the dairy protein market.
The whey protein segment is expected to be the largest during the forecast period
The whey protein segment is estimated to have a lucrative growth, because of its broad usage in the personal care and cosmetics industries. Whey protein is commonly utilised by athletes and bodybuilders to boost general body growth and muscle gain. The increase in demand for sports nutrition products, as well as their value-added status as clean label components, are the two key reasons driving market expansion. During the forecast period, Asia-Pacific and LAMEA are expected to experience significant increases in value sales.
The solid segment is expected to have the highest CAGR during the forecast period
The solid segment is anticipated to witness the highest CAGR growth during the forecast period owing to its better stability and ease of handling and storage in liquid form. The target customers prefer a solid protein format. The physical bulk state features of the formulation are influenced by the solid state of proteins. Because they are high in calcium, protein, and vitamins, these protein sources are gaining popularity in the food and beverage industry. Moreover, it can be easily transported.
Region with highest share:
North America is projected to hold the largest market share during the forecast period due to an increase in US consumers embracing a healthy lifestyle or participating in activities that promote active and healthy lifestyles. Currently, about 20% of American adults belong to a fitness club, and this figure is expected to rise. Furthermore, the growing number of health-conscious customers is expected to drive market growth. Consumers are gradually shifting their preferences from convenience foods to dairy protein products, which is fuelling industry growth.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to the wide usage of dairy protein the food & beverages and nutrition industries in many Asian countries. China is the major consumer of dairy protein in Asia-Pacific, followed by Japan and Australia. With increased awareness of casein & derivatives and whey protein as sports or refreshment beverages, the market for casein & derivatives and whey protein is rising rapidly in the region. Milk protein concentrate is extensively utilised as an ingredient in skincare products, which has gained popularity in recent years and is projected to drive the milk protein concentrate market in the future.
Key players in the market:
Some of the key players profiled in the Dairy Protein Market include Tatura Milk Industries Ltd, Kerry Group PLC, Agri-Mark, Inc., PepsiCo, Unternehmensgruppe Theo Muller, Archer Daniels Midland Company, Royal Frieslandcampina N.V., Arla Foods Amba, Schreiber Foods, Inc., DANA Dairy Group Ltd., Glanbia plc, Fonterra Co-operative Group Limited, Milk Specialties, Saputo, Inc. and Grassland Dairy Product.
Key Developments:
In May 2022, ADM, a global leader in nutrition and sustainable solutions, announced it would invest to significantly expand starch production at its Marshall, Minnesota, facility to meet fast-growing demand from the food and beverage sectors and to support the continued expansion of the company's BioSolutions platform.
Types Covered:
- Milk Protein Concentrate
- Casein and Derivatives
- Whey protein
Forms Covered:
- Liquid
- Solid
Applications Covered:
- Personal Care & Cosmetics
- Feed
- Food & Beverages
- Nutrition
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Dairy Protein Market, By Type
- 5.1 Introduction
- 5.2 Milk Protein Concentrate
- 5.3 Casein and Derivatives
- 5.4 Whey protein
6 Global Dairy Protein Market, By Form
- 6.1 Introduction
- 6.2 Liquid
- 6.3 Solid
7 Global Dairy Protein Market, By Application
- 7.1 Introduction
- 7.2 Personal Care & Cosmetics
- 7.3 Feed
- 7.4 Food & Beverages
- 7.5 Nutrition
- 7.6 Other Applications
8 Global Dairy Protein Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Tatura Milk Industries Ltd
- 10.2 Kerry Group PLC
- 10.3 Agri-Mark, Inc.
- 10.4 PepsiCo
- 10.5 Unternehmensgruppe Theo Muller
- 10.6 Archer Daniels Midland Company
- 10.7 Royal Frieslandcampina N.V.
- 10.8 Arla Foods Amba
- 10.9 Schreiber Foods, Inc.
- 10.10 DANA Dairy Group Ltd.
- 10.11 Glanbia plc
- 10.12 Fonterra Co-operative Group Limited
- 10.13 Milk Specialties
- 10.14 Saputo, Inc.
- 10.15 Grassland Dairy Product
List of Tables
- Table 1 Global Dairy Protein Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 3 Global Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 4 Global Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 5 Global Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 6 Global Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 7 Global Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 8 Global Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 9 Global Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 10 Global Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 11 Global Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 12 Global Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 13 Global Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 14 Global Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 15 North America Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
- Table 16 North America Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 17 North America Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 18 North America Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 19 North America Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 20 North America Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 21 North America Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 22 North America Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 23 North America Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 24 North America Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 25 North America Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 26 North America Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 27 North America Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 28 North America Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 29 Europe Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
- Table 30 Europe Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 31 Europe Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 32 Europe Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 33 Europe Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 34 Europe Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 35 Europe Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 36 Europe Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 37 Europe Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 38 Europe Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 39 Europe Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 40 Europe Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 41 Europe Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 42 Europe Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 43 Asia Pacific Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
- Table 44 Asia Pacific Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 45 Asia Pacific Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 46 Asia Pacific Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 47 Asia Pacific Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 48 Asia Pacific Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 49 Asia Pacific Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 50 Asia Pacific Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 51 Asia Pacific Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 52 Asia Pacific Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 53 Asia Pacific Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 54 Asia Pacific Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 55 Asia Pacific Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 56 Asia Pacific Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 57 South America Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
- Table 58 South America Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 59 South America Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 60 South America Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 61 South America Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 62 South America Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 63 South America Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 64 South America Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 65 South America Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 66 South America Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 67 South America Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 68 South America Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 69 South America Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 70 South America Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
- Table 71 Middle East & Africa Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
- Table 72 Middle East & Africa Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
- Table 73 Middle East & Africa Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
- Table 74 Middle East & Africa Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
- Table 75 Middle East & Africa Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
- Table 76 Middle East & Africa Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
- Table 77 Middle East & Africa Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
- Table 78 Middle East & Africa Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
- Table 79 Middle East & Africa Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
- Table 80 Middle East & Africa Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
- Table 81 Middle East & Africa Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
- Table 82 Middle East & Africa Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
- Table 83 Middle East & Africa Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
- Table 84 Middle East & Africa Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
