Dairy Protein Market size to hit USD 17.49 Bn by 2029 at a CAGR 5.8 percent – says Maximize Market Research
MAXIMIZE MARKET RESEARCH PRIVATE LIMITED
8 min read
MAXIMIZE MARKET RESEARCH PRIVATE LIMITED
Global Dairy Protein Market in North America is to grow rapidly during the forecast period. Global Dairy Protein Market analysis has been done by dividing the market into three main segments: Form, Type, and Application. The Dairy Protein Market size was estimated using a bottom-up approach.
Canda, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Maximize Market Research a leading Food & Beverages research firm has published a market intelligence report on the Global Dairy Protein Market. As per the report, the total market opportunity by 2029 is expected to be USD 17.49 Bn. The total market was valued at USD 11.14 Bn in 2022 and it is expected to grow at a CAGR of 5.8 percent during the forecast period.
Market Size in 2022
USD 11.14 Bn.
Market Size in 2029
USD 17.49 Bn.
CAGR
5.8 % (2023-2029)
Forecast Period
2023-2029
Base Year
2022
Number of Pages
272
No. of Tables
118
No. of Charts and Figures
122
Segment Covered
Form, Type, and Application.
Regional Scope
North America, Europe, Asia Pacific, Middle East and Africa, South America
Dairy Protein Market Report Scope and Research Methodology
The report's scope includes an in-depth examination of market trends, growth drivers, challenges, and opportunities within the dairy protein sector, covering products like whey protein and casein protein. The research methodology involves a combination of primary data collection through surveys, interviews with industry experts, and secondary data from market databases. The report evaluates market size, segmentation, and regional variations, offering insights into key factors influencing the market. The Dairy Protein Market Report provides a comprehensive analysis of the dairy protein industry worldwide.
Additionally, it explores emerging trends such as plant-based dairy protein alternatives and technological innovations. This report is a valuable resource for stakeholders in the dairy protein industry, including dairy producers, food manufacturers, and investors, assisting them in making informed decisions and strategic investments in a rapidly evolving market.
Dairy Protein Market Overview
Dairy protein also known as an agricultural product is obtained from farm animals. Milk is used in a diversity of dairy products like yogurt, butter, ice cream, cheese, curd, etc. These are the main products in the global dairy protein market. Dairy proteins are made from the filtration of regular milk which gives different protein types i.e. isolates, concentrates, and caseinates. Dairy Protein Market is segmented by Form, Type, and Application.
Dairy Protein Market Dynamics
The demand for infant formula for newborns and babies who are in the pre or early weaning age is the major driver for the global dairy protein market. There is a high demand for infant formula whose mothers died in childbirth or for other reasons. Consumers are changing their focus to a healthy diet that includes proteins. The building blocks of bones, skin, muscles, etc. are made of proteins and the human body requires protein to produce hormones, enzymes, and other body chemicals for good health.
A major challenge in the market is the negative impacts of the dairy protein market on climate change which can hamper the market growth. The global is threatened by the methane gas excreted by dairy animals. This is expected to cause several countries to create regulation policies for their dairy protein production across the world.
North America dominated the global dairy protein market in the year 2022 and is expected to dominate during the forecast period. Countries such as the U.S., and Canada use automated milking equipment for commercial dairy farming driving the growth of the dairy protein market in the forecast period. The Asia-Pacific region is expected to reach the highest CAGR during the forecast period. India is the country where the production of milk is high in the world. 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 whereas the U.S. and China were the leading importers of casein protein in the year 2022. 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.
Dairy Protein Market Segmentation
By Form
Solid
Liquid
By Type
Whey protein
Milk Protein Concentrate
Casein and derivatives
The whey protein segment dominated the market with the highest share in the global dairy protein market in the year 2022. Where Milk Protein Concentrate segment is expected to witness a CAGR of 5.5% during the forecast period. Milk Protein Concentrate and Whey protein are more water-soluble than caseins and this can restrain the growth of the casein segment during the forecast period. The many commercial applications of whey protein are projected to drive the growth of this segment in the global dairy protein market.
By Application
Food and Beverages
Infant Nutrition
Personal Care and Cosmetics
Other
Food and Beverages dominated the market more than half of all global dairy protein market share in the year 2022. This segment is expected to produce a CAGR of 8.3% in the forecast period. The growth of dairy-based products in food and beverages positively impacts the growth of the market. The infant nutrition segment is likely to be important in the dairy protein market. The use of milk-based texture modifiers and foaming agents is preferred by manufacturers as consumers are leaning towards organic-based cosmetic products rather than artificial agent-based cosmetics.
Key questions answered in the Dairy Protein Market are:
What is the expected CAGR of the Dairy Protein Market during the forecast period?
What was the Dairy Protein Market Size in 2022?
What is the expected Dairy Protein Market size in 2029?
What are the global trends in the Dairy Protein Market?
What are the upcoming industry applications and trends for the Dairy Protein Market?
What recent industry trends can be implemented to generate additional revenue streams for the Dairy Protein Market?
What growth strategies are the players considering to increase their presence in the Dairy Protein Market?
What major challenges could the Dairy Protein Market face in the future?
Who held the largest market share in the Dairy Protein Market?
Key Offerings:
Past Market Size and Competitive Landscape (2017 to 2022)
Past Pricing and price curve by region (2017 to 2022)
Market Size, Share, Size & Forecast by Different Segment | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation – A detailed analysis by Form, Type, and Application.
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
Maximize Market Research is leading Food and beverages research firm, has also published the following reports:
Protein Bar Market- The market size is expected to reach USD 6.43 Billion by 2029 at a CAGR of 5.7 percent during the forecast period. North America dominated the Market and is expected to dominate the global market during the forecast period. An extensive range of protein bar options such as high-protein, low-sugar, and organic variants cater to health-conscious consumers.
Protein Expression Market- The market size is expected to reach USD 7.94 billion by 2029 at a CAGR of 14.44 percent during the forecast period. North America has the most developed healthcare infrastructure and the highest level of R&D activity which drives the market growth in this region.
Dairy Product Market- The market size is expected to reach USD 633.9 Billion by 2029 at a CAGR of 2.8 percent during the forecast period. The Asia-Pacific region dominated the dairy product market in the year 2022. The reason behind this was China being the leading importer of milk in this region.
Rice Protein Market- The market size is expected to reach USD 1019.42 Million by 2029 at a CAGR of 4 percent during the forecast period. Europe is experiencing a rising demand for rice protein as consumers adopt plant-based diets and seek alternatives to animal-based proteins.
Spicy Dairy Products Market- The market size is expected to reach USD 809.74 Million by 2029 at a CAGR of 3.4 percent during the forecast period. North America is the primary market for spicy dairy products. The region is witnessing a surge in demand for spicy dairy products like cheese, yogurt, and ice cream, and supermarkets and hypermarkets are the primary distribution channels.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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