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

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 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