Dairy Protein Market Analysis 2023-2028, Industry Size, Share, Trends and Forecast

According to IMARC Group's latest report, titled "Dairy Protein Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global dairy protein market size reached US$ 14.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 19.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.06% during 2023-2028.

Dairy protein is derived from clean milk and produced from whey and casein proteins. It has antimicrobial, immunomodulatory, and antithrombotic properties, which aid in improving glycemic control, enhancing the osmotic pressure of blood, reducing insulin resistance, enhancing metabolic health, and stimulating the formation of skeletal muscle. Presently, product manufacturers operating worldwide are focusing on introducing products with improved properties, such as flavors and aromas, to expand their product portfolio. They are also financing promotional campaigns to increase their overall sales.

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Market Trends:

At present, factors like the increasing awareness among individuals about the health benefits of dairy protein products and the rising health consciousness among the masses are among the major factors strengthening the market growth around the world. There is also a rise in the prevalence of obesity and other lifestyle diseases. Along with this, the increasing global population with poor metabolic health is favoring the market growth. The expanding purchasing power and the growing adoption of a healthy and nutritious diet are also driving the market. In addition, the increasing participation of individuals in recreational sports, fitness, and athletic activities is contributing to the market growth. Moreover, dairy protein is employed in the food and beverage (F&B) industry as a texture modifier, carrier, thickening, gelling, and foaming agent. It is used in the preparation of various dairy products and beverages and bakery goods, such as muffins, cupcakes, cookies, chocolate bars, shakes, smoothies, ice cream, and candies, which are served across restaurants and cafes. This, in turn, is providing a thrust to the market growth. Apart from this, it is utilized in the production of dietary supplements, such as pills, powders, liquids, and bars. Additionally, significant growth in the nutraceutical sector and the rising consumption of dietary supplements in daily routines for maintaining overall health are creating a positive outlook for the market. Furthermore, it is utilized in the production of baby food and infant formula. This, in confluence with increasing concerns of parents about the balanced nutrition of their children, is influencing the market positively. Besides this, dairy protein finds extensive application in the manufacturing of personal care and cosmetic products, such as creams, lotions, wipes, cleansers, moisturizers, shampoo, conditioners, face wash, serum, and foundations. These products are widely available through online and offline retail channels. This, in confluence with the burgeoning e-commerce industry, is offering lucrative growth opportunities to key players operating in the industry.

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List of Key Companies Covered in this Market Report:

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
Westland Milk Products (Yili Group)

The report has segmented the market on the basis of type, form, application and geography.

Breakup by Type:

Casein and Derivatives
Whey Protein
Milk Protein Concentrate

Breakup by Form:

Solid
Liquid

Breakup by Application:

Food and Beverages
Nutrition
Personal Care and Cosmetics
Feed
Others

Breakup by Geography:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa

Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.