Dairy Protein Market
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
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $11.77 BN |
|
Projected Year Value (2028) |
US $17.66 BN |
|
CAGR (2022 - 2028) |
7.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
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 Müller, 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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o 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 Müller
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
1 Global Dairy Protein Market Outlook, By Region (2020-2028) ($MN)
2 Global Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
3 Global Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
4 Global Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
5 Global Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
6 Global Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
7 Global Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
8 Global Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
9 Global Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
10 Global Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
11 Global Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
12 Global Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
13 Global Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
14 Global Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
15 North America Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
16 North America Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
17 North America Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
18 North America Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
19 North America Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
20 North America Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
21 North America Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
22 North America Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
23 North America Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
24 North America Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
25 North America Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
26 North America Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
27 North America Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
28 North America Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
29 Europe Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
30 Europe Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
31 Europe Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
32 Europe Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
33 Europe Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
34 Europe Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
35 Europe Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
36 Europe Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
37 Europe Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
38 Europe Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
39 Europe Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
40 Europe Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
41 Europe Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
42 Europe Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
43 Asia Pacific Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
44 Asia Pacific Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
45 Asia Pacific Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
46 Asia Pacific Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
47 Asia Pacific Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
48 Asia Pacific Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
49 Asia Pacific Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
50 Asia Pacific Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
51 Asia Pacific Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
52 Asia Pacific Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
53 Asia Pacific Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
54 Asia Pacific Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
55 Asia Pacific Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
56 Asia Pacific Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
57 South America Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
58 South America Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
59 South America Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
60 South America Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
61 South America Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
62 South America Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
63 South America Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
64 South America Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
65 South America Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
66 South America Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
67 South America Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
68 South America Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
69 South America Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
70 South America Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
71 Middle East & Africa Dairy Protein Market Outlook, By Country (2020-2028) ($MN)
72 Middle East & Africa Dairy Protein Market Outlook, By Type (2020-2028) ($MN)
73 Middle East & Africa Dairy Protein Market Outlook, By Milk Protein Concentrate (2020-2028) ($MN)
74 Middle East & Africa Dairy Protein Market Outlook, By Casein and Derivatives (2020-2028) ($MN)
75 Middle East & Africa Dairy Protein Market Outlook, By Whey protein (2020-2028) ($MN)
76 Middle East & Africa Dairy Protein Market Outlook, By Form (2020-2028) ($MN)
77 Middle East & Africa Dairy Protein Market Outlook, By Liquid (2020-2028) ($MN)
78 Middle East & Africa Dairy Protein Market Outlook, By Solid (2020-2028) ($MN)
79 Middle East & Africa Dairy Protein Market Outlook, By Application (2020-2028) ($MN)
80 Middle East & Africa Dairy Protein Market Outlook, By Personal Care & Cosmetics (2020-2028) ($MN)
81 Middle East & Africa Dairy Protein Market Outlook, By Feed (2020-2028) ($MN)
82 Middle East & Africa Dairy Protein Market Outlook, By Food & Beverages (2020-2028) ($MN)
83 Middle East & Africa Dairy Protein Market Outlook, By Nutrition (2020-2028) ($MN)
84 Middle East & Africa Dairy Protein Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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