The global dairy protein market has experienced remarkable growth, reaching a substantial market size of US$ 14.0 billion in 2022. Analysts predict this growth to continue, with the market set to reach an impressive US$ 19.1 billion by 2028. This forecast demonstrates a robust Compound Annual Growth Rate (CAGR) of 5.06% during the period from 2023 to 2028.
Dairy protein, known for its multifunctional properties, has garnered attention for its role in various health aspects. It possesses antimicrobial, immunomodulatory, and antithrombotic attributes. Notably, dairy protein has been instrumental in enhancing metabolic health by promoting skeletal muscle formation, aiding in weight loss, and reducing fat mass. It also contributes to cancer prevention, boosts cellular levels of glutathione, and supports hormonal and cell-mediated immune responses. Moreover, it plays a role in reducing insulin resistance, improving glycemic control in diabetes, and enhancing blood osmotic pressure. These versatile properties have resulted in extensive applications across the food and beverage (F&B), personal care and cosmetics, and nutraceutical industries worldwide.
Key Trends in the Dairy Protein Market:
One of the primary drivers for this market is the increasing use of dairy protein as a texture modifier, carrier, and thickening agent in the food and beverage (F&B) industry. Furthermore, the growing health consciousness among consumers has led to a surge in the adoption of nutritious and healthy diets, thereby fueling the demand for dairy protein. Protein supplements derived from dairy protein are also on the rise.
Dairy protein’s role in cell repair and overall body growth has contributed to its increased consumption, especially for strengthening children’s bones globally. Key market players are heavily investing in research and development (R&D) activities to introduce products with enhanced properties, such as improved flavor, aroma, and performance, further propelling market growth. Additionally, the increasing instances of poor metabolic health in the global population are expected to bolster market growth in the coming years.
Key Market Segmentation:
This comprehensive report provides an in-depth analysis of trends within each sub-segment of the global dairy protein market, offering forecasts at the global, regional, and country levels for the period from 2023 to 2028. The market is categorized based on type, form, and application.
Breakdown by Type:
- Casein and Derivatives
- Whey Protein
- Milk Protein Concentrate
Breakdown by Form:
- Solid
- Liquid
Breakdown by Application:
- Food and Beverages
- Nutrition
- Personal Care and Cosmetics
- Feed
- Others
Regional Breakdown:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the dairy protein industry features key 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, and Westland Milk Products (Yili Group). These industry leaders are actively contributing to the growth and innovation in the dairy protein market.
