Press release
Dairy Protein Market to Reach USD 20.69 Billion by 2032 at 5.8% CAGR
Dairy Protein Market
The global dairy protein market is experiencing substantial growth, with projections indicating an increase from USD 13.18 billion in 2024 to approximately USD 20.69 billion by 2032. This represents a Compound Annual Growth Rate (CAGR) of 5.8% over the forecast period.
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Competitive Landscape
The dairy protein market is characterized by the presence of several key players who are actively enhancing their product portfolios and expanding their global reach. Notable companies such as Danone, Nestlé, Unilever, and Lactalis are at the forefront of this industry, continually investing in research and development to meet the evolving consumer demand for high-quality dairy protein products.
Regional Insights
United States: Growth Opportunities
In the United States, the dairy protein market is witnessing steady growth, driven by increasing health consciousness among consumers and a rising demand for protein-rich diets. The country's robust dairy industry infrastructure supports the production and innovation of various dairy protein products, catering to both domestic and international markets.
Asia Pacific: Trends in Dairy Consumption
The Asia Pacific region is experiencing a significant surge in dairy protein consumption, attributed to urbanization, rising disposable incomes, and a growing awareness of the nutritional benefits of dairy proteins. Countries like China and India are leading this trend, with consumers increasingly incorporating dairy protein supplements and functional foods into their diets.
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Europe: Consolidation and Expansion
Europe remains a dominant player in the global dairy protein market, with established dairy industries in countries such as France, Germany, and the Netherlands. The region has witnessed strategic mergers and acquisitions aimed at consolidating market positions and expanding product offerings. For instance, Danone has announced plans to expand its presence in India, aiming to close the gap with rivals Unilever and Nestlé in the fast-growing consumer goods market.
Middle East and Africa: Emerging Markets
The Middle East and Africa are emerging as potential markets for dairy protein products, driven by increasing urbanization and a growing middle-class population seeking nutritious food options. While the market is still in its nascent stages, there is a notable trend towards the adoption of dairy proteins, particularly in urban centers.
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Market Segmentation: In-Depth Analysis:
by Form
Solid
Liquid
The two categories are liquid and solid dairy protein. In 2024, the worldwide dairy protein market was dominated by the solid dairy protein segment. Throughout the projection period (2025-2032), this segment is anticipated to expand at a CAGR of 9.5%. Most dairy products, such as cheese, butter, ice cream, etc., are offered in solid form. The global market for solid daily proteins is expanding as a direct result of these products. Another factor contributing to the dominance of solid dairy proteins in the worldwide market is their longer shelf life compared to liquid dairy products.
by Type
Whey protein
Milk Protein Concentrate
Casein and derivatives
The sectors include casein and its derivatives, whey protein, and milk protein concentrate (MPCs). In 2024, whey protein accounted for the largest portion of the worldwide dairy protein market. The market sector for milk protein concentrate is anticipated to expand at a compound annual growth rate (CAGR) of 5.5% during the 2025-2032 forecast period. Casein is one of the many proteins and enzymes found in dairy products. Compared to caseins, MPCs and whey proteins are more soluble in water. During the previously mentioned forecast period, this is anticipated to impede the casein segment's growth. Many commercial dairy products contain whey, a by-product of the milk curdling process.
by Application
Food and Beverages
Infant Nutrition
Personal Care and Cosmetics
Other
Food and Beverages, Infant Nutrition, Personal Care & Cosmetics, and Others are the market segments for dairy protein. In 2024, the food and beverage industry accounted for over half of the worldwide dairy protein market. Throughout the projection period (2025-2032), this segment is anticipated to expand at a CAGR of 8.3%. Dairy protein is a daily food product all across the world, which explains its rise. The expansion of other dairy-based food and beverage markets has a beneficial effect on this segment's growth. During the same forecast period, this tendency is anticipated to continue.
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Learn about the top players driving innovation in the Market :
1. Archer Daniels Midland Company
2. Arla Foods Amba
3. Kerry Group PLC
4. Saputo, Inc.
5. Fonterra Co-operative Group Limited
6. Royal Frieslandcampina N.V.
7. Schreiber Foods, Inc.
8. Lactalis Group
9. DANA Dairy Group Ltd.
10.Agri-Mark, Inc.
11.Anchor
12.United Dairymen of Arizona
13.Grassland Dairy Product
14.PepsiCo
15.Eriefoods.com
16.Glanbia plc
17.Unternehmensgruppe Theo Müller
18.Tatura Milk Industries Ltd
19.Milk Specialties
20.LAÏTA PGC
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