Global Dairy Protein Market is expected to grow at a CAGR of 5.69% during the forecast period (2019-2024).
- Dairy proteins, such as milk protein, casein, and whey protein are the sources of proteins offering various nutritional and functional benefits on health.
- The dairy protein consumption has subsequently increased with milk being the richest and the most popular source of protein. The taste of dairy protein is richer than the newly-growing vegetarian proteins, which is the main driving factor for the dairy protein market demand.
- The increased health awareness and demand for sports nutrition are the major factors driving the global market.
Scope of the Report
Global dairy protein market has been segmented based on the ingredients, applications, and regions. The ingredients market consists of whey protein concentrates and isolates, milk protein concentrates and isolates, casein and caseinates, as the major products. Based on the application of dairy proteins, the various sectors are food & beverage, infant formulations, personal care, and animal feed to name a few. Also, the study provides an analysis of the dairy protein market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Key Market Trends
Growing Awareness Towards Healthy Food
Dairy proteins are now being used in a variety of novel and tasty applications to help consumers achieve the benefits of higher- protein diets, such as satiety, weight management, and muscle health. The major factors that are driving the dairy protein industry are aware of health and well being. With lifestyle diseases and obesity incidences on the rise, manufacturers of dairy proteins are motivated to innovate and deliver products meeting the discerning needs of health-conscious consumers. In recent times, people have gained a clearer understanding of the link between nutrition and health, and are looking for food & beverage products that can support their health goals. At the same time, globally, the dramatically rising senior population is looking to combat healthcare costs and age-related muscle loss.
Europe holds the Major Share in Dairy Protein Market,
Europe holds the largest market share in the global dairy protein market, standing out as the primary market for the sector. Following Europe, North America holds the second largest market share. Asia-Pacific is the fastest growing market, owing to its large population and the spiking demand for sports nutrition & functional beverages in the region. The developing countries of South America and Asia present the most attractive markets, owing to the larger younger population of these regions consuming whey protein, extensively as dietary supplements and for bodybuilding. Africa is projected to record a lower CAGR of XX%, owing to the lack of awareness and improper regulatory guidelines.
Some of the major players in the global dairy protein market are Dairiconcepts, Darigolds, Devondale Murray Goulburn Co-Operative, Erie Foods Inc., Fonterra, Grassland, Glanbia, Idaho Milk, La?ta Group, Milk Specialties Inc., Sole Mizo, Tatura Milk Ind, Theo M?ller, United Dairymen of Arizona, Westland Milk Products, among others.
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