Dairy Proteins Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Dairy Proteins Market grew at a CAGR of 4.3% between 2017-2021 and is estimated to be US$ 12364.9 Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 4.5% and is expected to reach a valuation of US$ 19,202.3 Mn by 2032 end.
People are more mindful of their health, focusing on eating nutritious, healthy meals and consuming more protein to complement their diets with protein supplements made with dairy proteins,which in turn is driving the growth of the dairy protein market.
Consumers most frequently take whey and casein proteins as protein supplements, which is anticipated to fuel the market for dairy proteins. The demand for infant formula prepared with dairy proteins is increasing due to consumers’ perceptions of the high nutritional content of the procedure and their children’s growing health consciousness.
GROWING DEMAND FOR PROTEIN-ENRICHED FOOD IS FUELING THE GROWTH OF THE DAIRY PROTEIN MARKET
Growing demand for pediatric food, international trends in health and wellness, and a few other factors are driving the dairy protein market. Dairy protein is also linked to several health advantages. In addition to helping to meet the demand for vital amino acids, dairy proteins are a prominent food source for patients with obesity disorders.
Another important aspect is the increased use of protein components, which has benefited the global dairy protein market due to growing knowledge about nutritional enrichment and a healthy lifestyle. The growing interest in sports and fitness is another key factor propelling the global dairy protein market.
INTRODUCTION OF PROTEIN SUPPLEMENTS IN UNTAPPED MARKET TO PROVIDE OPPORTUNITIES FOR THE GLOBAL DAIRY PROTEIN MARKET
In many parts of Africa, including Zimbabwe, Burundi, Liberia, Eritrea, and other developing nations, protein supplements and dietary products based on proteins are still in their infancy. Manufacturers of protein supplements have a great chance because these are still underutilized. The advantages of protein supplements, which are anticipated to offer profitable prospects for market expansion, are still unknown in these areas.
Market Segments Covered in Report
By Region and Country:
Why is Milk Protein Concentrate estimated to account for the largest market share?
Due to the widespread use of milk protein concentrates in the personal care and cosmetics industries, this product is predicted to dominate the worldwide dairy market. Additionally, throughout the forecast period, demand for Milk Protein Concentrates would increase at a CAGR of 5.6%.
The two key drivers of the market’s expansion are the rising demand for sports nutrition products and their added value as clean-label ingredients. Value sales are anticipated to expand considerably during the projected period in Asia-Pacific and LAMEA.
Why are Food & Beverages expected to expand the fastest during the forecast period?
Due to the increased use of whey protein and milk protein concentrate in the food and beverage industry, this sector is currently the largest internationally. It is predicted to expand at a CAGR of 4.9% throughout the forecast period. The global market for dairy protein is driven by the increase in demand for dairy protein and other milk-extracted proteins.
Rising consumer demand for highly nutritive drinks in the United States and Canada is projected to boost regional food and beverage consumption. Due to the rise of health-conscious customers, there has been a recent increase in the demand for dairy protein products.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
These actions have enabled market participants to increase their clientele and revenue. With the increasing demand for dairy protein worldwide, the market players can anticipate attractive future growth prospects.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Application, Form, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|
Frequently Asked Questions
In the forecast period between 2022 and 2032, the market is expected to grow at a CAGR of 4.5%.
Growing demand for protein-enriched food is fueling the growth of the dairy protein market
Major global Dairy Proteins Market players are Westland Milk Products; Idaho Milk Products; Fonterra Co-operative Group; CytoSport, Inc.; Anchor; United Dairymen of Arizona; Grassland Dairy Products, Inc.; PepsiCo; Eriefoods.com; Glanbia plc; Unternehmensgruppe Theo Müller; Tatura Milk Industries Ltd; Milk Specialties; LAÏTA PGC; Darigold; AMCO Proteins; ACE International and Avani Food Products
Europe is expected to account for the largest market revenue share in the Global Dairy Proteins market.
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