Dairy Protein Market: Global Industry Analysis and Forecast (2022-2029)

Dairy Protein Market size was valued at US$ 11.14 Billion in 2021 and the total Dairy Protein revenue is expected to grow at 5.8% through 2022 to 2029, reaching nearly US$ 17.49 Billion.

Global Dairy Protein Market Overview:

Milk is the primary nutrition source for young infants before their bodies are ready to digest solid food products. Dairy protein is obtained from farm animals hence it can also be defined as an agricultural product. More than 6 billion people in the world consume dairy products and 800-900 million people are living in dairy farming households. Milk is used in a variety of dairy products like butter, yogurt, ice cream, cheese, curd, etc. These are the main products in the global dairy protein market. The urban demand for dairy proteins grew as consumer purchasing power increased and daily protein became a required daily commodity (tea, coffee, etc.). Dairy proteins are made from the filtration of regular milk which gives different protein types i.e. isolates, concentrates, and caseinates. The concentrates and caseinates are discussed in detail in the dairy protein market report. Dairy Protein MarketTo know about the Research Methodology :- Request Free Sample Report The global dairy protein market report provides extensive segmentation and regional insights. The market report presents a detailed view of the global dairy protein market by type, form, applications, major players, and key regions and countries, market share, and growth opportunities. The report also has a thorough analysis of the competitive landscape of the global dairy protein market.

Global Dairy Protein Market Dynamics:

A major driver for the global dairy protein market is the need for infant formula for newborns and babies who are in the pre or early weaning age. According to a study published by WHO, there were 29 infant deaths for every 1000 infants born in 2021. One of the primary reasons behind this statistic was infant malnutrition. There is a high demand for infant formula whose mothers died in childbirth or other reasons. These infants need other alternatives to breast milk. These factors are projected to drive the global dairy protein market. A major restraint in the global dairy protein market is the rise of the veganism movement. Veganism promotes restrictions on all animal-based products like meat and milk unlike vegetarianism which promotes dairy products. The rise of veganism movements in developed countries like the U.S, Canada and the EU is projected to hamper the global dairy protein market growth. A major challenge in the market is the negative impacts of the dairy protein market on climate change. The methane gas excreted by dairy animals is a threat to the global climate. This is expected to cause many countries to create regulation policies for their dairy protein production. This is projected to hamper the overall dairy protein market growth in the forecast period (2022-2029).

Global Dairy Protein Market Segment Analysis:

By Form, the segments are solid dairy protein and liquid dairy protein. The solid dairy protein segment dominated the global dairy protein market in the year 2021. This segment is projected to grow at a CAGR of 9.5% in the forecast period (2022-2029). The majority of dairy products are sold in solid form like cheese, butter, ice cream, etc. These products directly drive the growth of solid daily proteins in the global market. Solid dairy products have a higher shelf life than liquid dairy products is another reason why solid dairy proteins dominate the global market. By Type, the segments are Whey protein, Milk Protein Concentrate (MPCs), and Casein and derivatives. Whey protein held the highest share in the global dairy protein market in 2021. Milk Protein Concentrate segment is projected to grow at a CAGR of 5.5% in the forecast period (2022-2029). Dairy products contain many proteins and enzymes like casein. MPCs and whey proteins are more water-soluble than caseins. This is projected to hamper the growth of the casein segment in the aforementioned forecast period. Whey is the byproduct of the milk curdling process and it is used in many commercial dairy products. Sweet whey is obtained from the processing of cheddar or swiss cheese. The many commercial applications of whey protein are projected to drive the growth of this segment in the global dairy protein market in the same forecast period. By Application, the segments are Food and Beverages, Infant Nutrition, Personal Care and Cosmetics, and Other. Food and Beverages held more than half of all global dairy protein market share in 2021. This segment is projected to grow at a CAGR of 8.3% in the forecast period (2022-2029). This growth can be attributed to the dairy protein being a daily food commodity across the globe. The growth of other food and beverages markets (which are dairy-based) positively impacts the growth of this segment. This trend is expected to continue in the same forecast period. The infant nutrition segment is projected to be the key in the global dairy protein market. Many experimental infant nutrition formulas are in demand to replace colostrum (early-lactation milk that strengthens the immune system of the newborn). The use of milk-based texture modifiers and foaming agents is preferred by the manufacturers as consumers are leaning towards organic-based cosmetic products rather than artificial agent-based cosmetics. Dairy Protein Market

Global Dairy Protein Market Regional Insights:

The North American dominated the global dairy protein market in 2021. Commercial dairy farming which uses automated milking equipment is used in the countries from this region. This is projected to drive the growth of the dairy protein market in the forecast period (2021-2029) in this region. The Asia-Pacific region is projected to grow at a CAGR of 7.5% in the forecast period (2021-2029). The EU was responsible for 180 million metric tons of milk production in 2021 followed by the United States at 110 million metric tons. India is the world’s leading producer of milk. The White Revolution led by Verghese Kurien was responsible for this huge growth in the dairy protein market in this country. However, this country has a low export rate of other dairy protein products. New Zealand, Germany, and the Netherlands are the largest exporters of dairy protein products. China was the biggest importer of whey protein in 2021 with US$810 million. The Netherlands was responsible for whey imports worth US$437 million in the same year followed by Germany with US$ 208 million. On the other hand, U.S and China were the leading importers of casein protein in 2021 with US$450 Million US$175 million respectively. The high import rates of dairy proteins by these countries are projected to drive the growth of the dairy protein market in the forecast period (2021-2029). The objective of the report is to present a comprehensive analysis of the global Dairy Protein market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Dairy Protein market dynamics, structure by analyzing the market segments and projecting the global Dairy Protein market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Dairy Protein market make the report investor’s guide.

Global Dairy Protein Market Scope:

Global Dairy Protein Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US $ 11.14 Billion.
Forecast Period 2022 to 2029 CAGR: 5.8 % Market Size in 2029: US $ 17.49 Billion.
Segments Covered: by Form • Solid • Liquid
by Type • Whey protein • Milk Protein Concentrate • Casein and derivatives
by Application • Food and Beverages • Infant Nutrition • Personal Care and Cosmetics • Other

Global Dairy Protein Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Dairy Protein Market Key Players

Archer Daniels Midland Company • Arla Foods Amba • Kerry Group PLC • Saputo, Inc. • Fonterra Co-operative Group Limited • Royal Frieslandcampina N.V. • Schreiber Foods, Inc. • Lactalis Group • DANA Dairy Group Ltd. • Agri-Mark, Inc. • Anchor • United Dairymen of Arizona • Grassland Dairy Product • PepsiCo • Eriefoods.com • Glanbia plc • Unternehmensgruppe Theo Müller • Tatura Milk Industries Ltd • Milk Specialties • LAÏTA PGC FAQs: 1. Which is the potential market for Dairy Protein in terms of the region? Ans. The North American dominated the global dairy protein market in 2021. Commercial dairy farming which uses automated milking equipment is used in the countries from this region. This is projected to drive the growth of the dairy protein market in the forecast period (2021-2029) in this region. 2. What are the challenges for new market entrants? Ans. A major challenge in the market is the negative impacts of the dairy protein market on climate change. 3. What is expected to drive the growth of the Dairy Protein market in the forecast period? Ans. A major driver for the global dairy protein market is the need for infant formula for newborns and babies who are in the pre or early weaning age. 4. What is the projected market size & growth rate of the Dairy Protein Market? Ans. Dairy Protein Market size was valued at US$ 11.14 Billion in 2021 and the total Dairy Protein revenue is expected to grow at 5.8% through 2022 to 2029, reaching nearly US$ 17.49 Billion. 5. What segments are covered in the Dairy Protein Market report? Ans. The segments covered are Type, Form, Application and, Region.
1. Global Dairy Protein Market: Research Methodology 2. Global Dairy Protein Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Dairy Protein Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Dairy Protein Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Dairy Protein Market Segmentation 4.1 Global Dairy Protein Market, by Form (2021-2029) • Solid • Liquid 4.2 Global Dairy Protein Market, by Type (2021-2029) • Whey protein • Milk Protein Concentrate • Casein and derivatives 4.3 Global Dairy Protein Market, by Application (2021-2029) • Food and Beverages • Infant Nutrition • Personal Care and Cosmetics • Other 5. North America Dairy Protein Market(2021-2029) 5.1 Global Dairy Protein Market, by Form (2021-2029) • Solid • Liquid 5.2 Global Dairy Protein Market, by Type (2021-2029) • Whey protein • Milk Protein Concentrate • Casein and derivatives 5.3 Global Dairy Protein Market, by Application (2021-2029) • Food and Beverages • Infant Nutrition • Personal Care and Cosmetics • Other 5.4 North America Dairy Protein Market, by Country (2021-2029) • United States • Canada • Mexico 6. Asia Pacific Dairy Protein Market (2021-2029) 6.1. Asia Pacific Dairy Protein Market, by Form (2021-2029) 6.2. Asia Pacific Dairy Protein Market, by Type (2021-2029) 6.2. Asia Pacific Dairy Protein Market, by Application (2021-2029) 6.2. Asia Pacific Dairy Protein Market, by Country (2021-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Dairy Protein Market (2021-2029) 7.1 Middle East and Africa Dairy Protein Market, by Form (2021-2029) 7.2. Middle East and Africa Dairy Protein Market, by Type (2021-2029) 7.2. Middle East and Africa Dairy Protein Market, by Application (2021-2029) 7.4. Middle East and Africa Dairy Protein Market, by Country (2021-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Dairy Protein Market (2021-2029) 8.1. Latin America Dairy Protein Market, by Form (2021-2029) 8.2. Latin America Dairy Protein Market, by Type (2021-2029) 8.2. Latin America Dairy Protein Market, by Application (2021-2029) 8.4 Latin America Dairy Protein Market, by Country (2021-2029) • Brazil • Argentina • Rest Of Latin America 9. European Dairy Protein Market (2021-2029) 9.1. European Dairy Protein Market, by Form (2021-2029) 9.2. European Dairy Protein Market, by Type (2021-2029) 9.3. European Dairy Protein Market, by Application (2021-2029) 9.4. European Dairy Protein Market, by Country (2021-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1 Archer Daniels Midland Company 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Arla Foods Amba 10.3 Kerry Group PLC 10.4 Saputo, Inc. 10.5 Fonterra Co-operative Group Limited 10.6 Royal Frieslandcampina N.V. 10.7 Schreiber Foods, Inc. 10.8 Lactalis Group 10.9 DANA Dairy Group Ltd. 10.10 Agri-Mark, Inc. 10.11 Anchor 10.12 United Dairymen of Arizona 10.13 Grassland Dairy Product 10.14 PepsiCo 10.15 Eriefoods.com 10.16 Glanbia plc 10.17 Unternehmensgruppe Theo Müller 10.18 Tatura Milk Industries Ltd 10.19 Milk Specialties 10.20 LAÏTA PGC

About This Report

Report ID 101734
Category Food & Beverages
Published Date Sep 2022
Updated Date
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