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2021
Dairy Protein Market

Dairy Protein Market

by Type (Egg white protein, Whole egg protein and Egg yolk protein) by Application (Food & beverage, Nutrition, Personal care & Cosmetics, Feed and Others) and by Form (Solid and liquid): Global Opportunity Analysis and Industry Forecast, 2021-2027
Update Available On-Demand

Report Code: A05995
Pages: 217
Mar 2021 | 7835 Views
Author(s) : Shankar Bhandalkar , Roshan Deshmukh
Tables: 127
Charts: 70
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The global dairy protein market size was $9.9 billion in 2019, and is anticipated to reach $15.3 billion by 2027, with a CAGR of 4.6% during the forecast period. In 2019, the whey protein segment accounted for more than half of the total dairy protein market share. Dairy proteins are potential and multipurpose ingredients used in the preparation of a range of food products. It exhibits many beneficial functionalities and bioactivities in the processing of food products. They work as a thickening agents, gelling agents, texture modifiers, carriers, and foaming agents in food preparations. These are also used in multiple applications across industries including nutrition, personal care, animal feed, and textiles.

Owing to increasing health care awareness, consumers are shifting their focus toward nutritional and healthy diets and increasing their protein consumption to get extra nutrients from protein supplements prepared using dairy proteins, which, in turn, fuels the dairy protein market growth. Whey and casein proteins are most widely consumed as protein supplements by consumers, which is likely to drive the demand for dairy protein market. Consumer perception of high nutritional content of infant formula due to health consciousness of their children drives the growth for infant formula consumption made from dairy proteins.

dairy-protein-market-1615379795

Moreover, the busy and hectic lifestyle of the consumers resulted in the poor metabolic health of the population, especially in the advanced and developed nations. Dairy protein helps in repairing the damaged cells and fosters overall growth of the body. Again, the growing scope of application and growing awareness regarding health benefits of dairy protein in emerging nations is offering the manufacturers lucrative growth opportunities. These factors are expected to boost the dairy protein market demand and fuel the growth of the overall dairy protein industry. However, vegan population will avoid the consumption of dairy protein as it is animal based product. Hence, the demand for plant based protein from the vegan population will grow at a good pace. This may negatively affect the dairy protein market. Furthermore, the dynamic costs of the raw materials for dairy protein might be a big challenging factor for the key players in the dairy protein market. These factors may hamper the growth of the market to some extent in the upcoming years. 

Organizations such as Innovation Center for U.S. Dairy and dairy ingredient manufacturers are in R&D activities to enhance the properties such as flavor, aroma, and performance of dairy protein ingredients. This is anticipated to provide opportunities for manufacturers to offer improved variety of dairy protein ingredients in the market to achieve higher share.

Based on the dairy protein market analysis, the market is segmented on the basis of type, application, form, and region. By type, it is categorized into casein & derivatives, whey protein, and milk protein concentrate. By application, it is divided into food & beverages, nutrition, personal care & cosmetics, feed, and others. By form, it is bifurcated into solid and liquid. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).

Dairy Protein Market
By Type

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The Egg white protein segment would witness the fastest growth, registering a CAGR of 5.90% during the forecast.

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On the basis of type, the whey segment accounted for the maximum share in the global market in 2018. Whey protein ingredients such as whey protein concentrate and whey protein isolate have been the most preferred choice of dairy protein among consumers. In addition, the rise in demand for casein in industrial applications, the market for casein and derivatives is likely to grow at the highest CAGR during the forecast period.

Dairy Protein Market
By Application

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Nutrition segment would witness the fastest growth, registering a CAGR of 5.90% during the forecast period.

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On the basis of application, the food & beverage segment was dominant, which accounted for around half of the share in the market in 2018, and is expected to retain its dominance throughout the forecast period. Dairy proteins are used for various functions in the food & beverage products and the industry is looking forward for enhanced functionality from its ingredients, which has led to increased demand for dairy proteins. According to the dairy protein market forecast, rise in awareness about the benefits of nutritional protein supplements globally, is anticipated to propel demand for dairy protein ingredients during the market forecast period.

Dairy Protein Market
By Form

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Liquid segment would witness the fastest growth, registering a CAGR of 5.50% during the forecast period.

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On the basis of form, the liquid segment held a significant share in the global market in 2018. Due to longer shelf life and easy handling properties solid is the most preferred form of dairy protein in range of application including food and beverage, nutrition, personal care, feed, among others. However, the liquid segment is expected to garner a higher growth rate, owing to increase in consumption of ready to drink protein supplements in the market.

Dairy Protein Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would witness the fastest growth, registering a CAGR of 6.20% during the forecast period.

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Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current industry, estimations, trends, dynamics and market share from 2019 to 2027 to identify the prevailing industry opportunities.
  • The key countries in all the major regions are mapped based on the dairy protein market trends and share.
  • Porter’s five forces analysis highlights the potency of the buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth market share analysis of the industry segment and size assists to determine the prevailing industry opportunities.
  • Industry player positioning segment facilitates benchmarking and provides a clear understanding of the present position of players along with the market forecast.

Dairy Protein Market Report Highlights

Aspects Details
By Type
  • Casein and Derivatives
  • Whey protein
  • Milk Protein Concentrate
By Form
  • Solid
  • Liquid
By Application
  • Food & Beverages
  • Nutrition
  • Personal Care & Cosmetics
  • Feed
  • Others
By Region
  • North America  (U.S, Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (China, Japan, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players ARLA FOODS, CABOT CREAMERY CO-OP, DANA DAIRY GROUP LTD., FONTERRA CO-OPERATIVE GROUP, GLANBIA, PLC., GROUPE LACTALIS, KERRY GROUP, PLC., ROYAL FRIESLANDCAMPINA N.V., SCHREIBER FOODS INC., SAPUTO, INC.
 

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Rise in demand for innovative functions and applications of dairy protein products is among the major factors that boost their consumption. A huge demand for dairy protein in nutritional supplements has been noted during past years, which is anticipated to continue during the forecast period. Inclination of the food & beverages industry toward functional ingredients, with high nutritional content, propels the market growth. The demand for dairy ingredients in innovative food and other industrial applications have led manufacturers to invest more in R&D to provide dairy protein with better functionalities for preparation or processing of innovative products in the market. 

The dairy protein consumption is led by North America as the region has the higher consumption of nutrition-based food products compared to other regions. Asia-Pacific offers incremental opportunities for dairy protein, hence, the market in the region is anticipated to grow at the highest CAGR during the forecast period. 

The market is consolidated in nature and players such as Kerry Inc, Arla Foods Inc, Archer Daniels Midland Company, Fonterra Co-Operative Group (Fonterra), Groupe Lactalis, Cabot Creamery, Royal Frieslandcampina, Dana Dairy Group, Schreiber Foods, and Saputo accounted for significant shares in the global dairy protein market. In addition, the dairy protein market is expected to grow at significant rate during the forecast period, owing to the increase in demand for functional foods and dietary supplements.    

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FREQUENTLY ASKED QUESTIONS?

A. The global dairy protein market size was $9.9 billion in 2019, and is anticipated to reach $15.3 billion by 2027, with a CAGR of 4.6% during the forecast period. The rising consumer awareness regarding the health benefits of consuming dairy protein and increased expenditure of health related products will foster the dairy protein market.

A. The global dairy protein market size was $9.9 billion in 2019, and is anticipated to reach $15.3 billion by 2027, with a CAGR of 4.6% during the forecast period. The growing scope of application and growing consumer awareness in the emerging nations will provide the key players a lucrative growh opportunity during the forecast period.

A. Increasing health care awareness, consumer perception regarding dairy protein products, and growing use of dairy protein in various industries will impact the dairy protein market positively. However, the vegan population will refrain from consuming dairy protein since it is animal based product. This factor will have a negative impact on the market.

A. Based on dairy protein market share analysis, the key players profiled in this report include Kerry Inc, Arla Foods Inc., Archer Daniels Midland Company, Fonterra Co-Operative Group (Fonterra), Groupe Lactalis, Cabot Creamery, Royal Frieslandcampina, Dana Dairy Group, Schreiber Foods, and Saputo.

A. Based on the dairy proteins market analysis, the market is segmented on the basis of type, application, form, and region. By type, it is categorized into casein & derivatives, whey protein, and milk protein concentrate. By application, it is divided into food & beverages, nutrition, personal care & cosmetics, feed, and others. By form, it is bifurcated into solid and liquid. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, and Rest of Asia-Pacific), and LAMEA (the Middle East, Latin America, and Africa).

A. The key players operating in the dairy protein industry focus on prominent strategy such as mergers, acquisitions, innovations, partnerships, business expansion, building strong distribution channels, and joint ventures to overcome competition and to maintain as well as improve their share worldwide.

A. On the basis of type, the whey segment accounted for the maximum share in the global market in 2018. Whey protein ingredients such as whey protein concentrate and whey protein isolate have been the most preferred choice of dairy protein among consumers. In addition, the rise in demand for casein in industrial applications, the market for casein and derivatives is likely to grow at the highest CAGR during the forecast period.

A. On the basis of form, the liquid segment held a significant share in the global market in 2018. Due to longer shelf life and easy handling properties solid is the most preferred form of dairy protein in range of application including food and beverage, nutrition, personal care, feed, among others. However, the liquid segment is expected to garner a higher growth rate, owing to increase in consumption of ready to drink protein supplements in the market.

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