Dairy Protein Market Size, Share, Growth and Industry Analysis by Price (Whey Protein Concentrate and Isolate, Milk Protein Concentrate and Isolate, Casein and Casein Salts, and, Other), By Application (Food and Drink, Infant Formula, Personal Care, and, Animal Feed) Regional Forecast To 2028

Updated On: 08 April 2024

dairy protein market REPORT OVERVIEW

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The global dairy protein market size is expected to be worth USD 14560 million in 2022 and is projected to touch USD 17700 million by 2028 with a CAGR of 3.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Dairy protein, a vital component of the human diet, plays a crucial role in maintaining overall health and well-being. Rich in essential amino acids, it supports muscle development, repair, and growth, making it a popular choice among athletes and fitness enthusiasts. Additionally, dairy protein contains casein and whey, both offering unique benefits. Casein provides a slow-release protein source, ideal for prolonged satiety, while whey is rapidly absorbed, aiding in post-workout recovery.

Dairy proteins also contribute to bone health due to their calcium content, making them indispensable for maintaining strong bones and teeth. Including dairy protein in one's diet can promote a balanced and nutritious lifestyle. All of these factors have played an important role in increasing dairy protein market growth.

COVID-19 impact: Growing Demand for Pantry Staples during Pandemic Increased Market Growth

The pandemic of COVID-19 had an adverse impact on all the industries and sectors throughout the world. The COVID-19 pandemic has had significant effects on the dairy protein industry. Initially, disruptions in the supply chain led to challenges in sourcing and distributing dairy products. Lockdowns and restrictions impacted dairy processing and distribution, causing temporary shortages and price fluctuations.

However, as people turned to pantry staples, there was an increased demand for dairy products, including sources like milk and yogurt. The pandemic underscored the importance of a well-rounded diet, boosting interest in protein-rich dairy options for their immune-boosting properties. Ultimately, COVID-19 prompted shifts in consumer behavior and highlighted the resilience and adaptability of the dairy protein sector.

LATEST TRENDS

"Usage of Advanced Filtration Techniques like Microfiltration to Fuel Market Growth"

In recent years, the industry has witnessed exciting innovations. Advanced filtration technologies like microfiltration and ultrafiltration have enabled the production of high-protein dairy ingredients with improved nutritional profiles. Novel protein sources such as whey and casein isolates have gained popularity for their purity and versatility in various food applications, from sports nutrition to plant-based alternatives.

Additionally, research into sustainable dairy production methods, like precision farming and reduced environmental impact, has emerged as a key focus, aligning with growing consumer demands for eco-friendly products. These innovations reflect the dairy protein industry's commitment to meeting evolving consumer preferences and sustainability goals.

dairy protein market SEGMENTATION

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• By Type:

The market can be divided on the basis of price into the following segments:

Whey protein concentrate and isolate, milk protein concentrate and isolate, casein and casein salts, and, other. The whey protein concentrate segment is projected to hold the dominant market share through 2028 the forecasting period.

• By Application:

The market can be divided on the basis of application into the following segments:

Food and drink, infant formula, personal care, and, animal feed. The food and drink segment are predicted to dominate the market through 2028.

DRIVING FACTORS

"Rising Awareness about Protein Rich Diets to Amplify Market Growth"

Several driving factors underpin the growth of the protein industry. Firstly, the increasing global awareness of the importance of protein-rich diets for health and fitness has boosted demand. Dairy proteins, with their high-quality amino acid profiles, are viewed favorably by consumers.

Additionally, the surge in demand for convenient and nutritious snacks and beverages has led to the development of innovative protein-based products. Moreover, the rise of vegetarian and flexitarian diets has spurred interest in plant-based dairy protein alternatives. Lastly, ongoing research into the health benefits of dairy proteins, such as muscle recovery and weight management, continues to support their prominence in the food and nutrition sector. All of the above-mentioned factors are propelling the dairy protein market share.

"Collaborations between Dairy Industry and Academia to Drive Market Growth"

Beyond dietary considerations, several other driving factors fuel the growth of the industry. International trade agreements and globalization have expanded market access, facilitating the exchange of dairy products and technology. Additionally, advancements in processing and preservation techniques have extended dairy proteins' shelf life and versatility in various food applications.

 Moreover, marketing efforts emphasizing the natural origin and clean label status of these proteins have resonated with health-conscious consumers. Lastly, collaborations between the dairy industry and academia have spurred innovation, promoting the development of value-added dairy protein products, contributing to the sector's enduring success.

RESTRAINING FACTOR

"High Percentage of People with Lactose Intolerance to Deteriorate Market Growth"

Several restraining factors pose challenges to the industry growth and development. One significant concern is lactose intolerance, which affects a substantial portion of the population, limiting their consumption of dairy products. Environmental sustainability is another constraint, as the dairy industry's resource-intensive practices face scrutiny for their carbon footprint and water usage.

Additionally, the emergence of dairy-free alternatives and plant-based protein sources has intensified competition. Price volatility in the dairy market can impact affordability. Lastly, changing consumer preferences, including concerns about allergens and ethical considerations related to animal welfare, influence choices. Addressing these restraining factors will be crucial for the dairy protein industry to remain competitive and sustainable.

dairy protein market Regional Insights

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"North America to Dominate Market due to Strong Establishment of Dairy Industry "

The leading region in the global market is North America. This region boasts a strong dairy industry, with the U.S. and Canada being key contributors. Factors such as a high demand for protein-rich diets, a well-established dairy infrastructure, and a culture of dairy consumption have driven growth.

North America's dairy protein market benefits from innovation in product development, including protein-enhanced dairy products and functional foods. Furthermore, the region's commitment to quality and safety standards ensures the production of high-quality dairy protein products, making it a dominant player in the global market, attracting both domestic and international consumers.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profile

• Lactalis Ingredients (France)
• Fonterra (New Zealand)
• Frieslandcampina (Netherlands)
• Arla Foods (Denmark)
• Saputo Ingredients (Canada)
• Kerry Group (Ireland)
• Havero Hoogwewt (Netherlands)
• Sachsenmilch Leppersdorf (Germany)
• Amco Protein (U.S.)
• Page & Pedersen International (U.S.)

Report Coverage

The report provides an insight into industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. The report also lists the key industry players to understand the competition.