Global Dairy Protein Market Size To Worth USD 19.26 Billion by 2032 | CAGR of 5.2%
Category: Food & BeveragesGlobal Dairy Protein Market worth USD 19.26 billion by 2032
According to a research report published by Spherical Insights & Consulting, the Global Dairy Protein Market Size is to grow from USD 11.62 billion in 2022 to USD 19.26 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 5.2% during the projected period. The growing awareness of the importance of protein intake in overall body health contributes to the growth of the global dairy protein market.
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Browse key industry insights spread across 218 pages with 136 Market data tables and figures & charts from the report on the "Global Dairy Protein Market Size, Share, and COVID-19 Impact Analysis, By Type (Whey Protein, Milk Protein Concentrate, and Others), By Form (Solid, Liquid), By Application (Food and Beverages, Nutrition, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2022 – 2032 "Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/dairy-protein-market
Protein is required for body growth, specifically for cell maintenance, repair, and replacement. Milk proteins are proteins that have been isolated, concentrated, or hydrolyzed from milk. An adult of any gender, age, or weight should consume 0.75 grams of protein per kilogram of body weight per day. Dairy proteins are essential nutrients that are used in the production of a wide range of food products. They have numerous functionalities and bioactivities that help with food processing. Dairy proteins, such as whey protein, casein, and milk protein, are used as gelling agents, thickening agents, carriers, foaming agents, and texture modifiers in a wide range of food products. They're also widely used in animal feed, personal care, nutrition, and textiles. Food and beverage ingredient manufacturers have spent a lot of money on R&D to improve the taste, properties, or nutritional value of dairy protein. Consumers prefer whey and casein protein as protein supplement sources, which is expected to drive demand for the dairy protein market. However, vegans avoid dairy protein because it is derived from animals. As a result, the vegan population's demand for plant-based protein will surge. This may have a negative impact on the dairy protein market.
The whey protein segment is expected to hold the largest share of the global dairy protein market during the forecast period.
The global dairy protein market is divided into three categories: whey protein, milk protein concentrate, and others. Whey protein is projected to have a major share of the global dairy protein market throughout the forecast period. Its widespread use in the personal care and cosmetics industries has contributed to its growth.
The solid segment accounted for the largest share of the global dairy protein market in 2022.
The global dairy protein market is divided into two types: solid and liquid. In 2022, the solid segment held the largest share of the global dairy protein market. The improved stability and ease of handling and storage in liquid form can be attributed to segmental growth.
The food and beverages segment is expected to hold the largest share of the global dairy protein market over the forecast period.
The global dairy protein market is segmented by application into food and beverages, nutrition, and others. Over the forecast period, the food and beverages segment is projected to dominate the largest share of the global dairy protein market. Food and beverages have the largest market globally due to the increased use of whey protein and milk protein concentrate in the food and beverage industry.
North America is anticipated to hold the largest share of the global dairy protein market over the predicted timeframe.
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North America is expected to have the greatest proportion of the global dairy protein market in the coming years. The health and fitness sector is expected to grow faster throughout the forecast period. This is because more Americans are adopting a healthy lifestyle or participating in activities that promote active and healthy lifestyles.
Asia Pacific is projected to expand at the fastest rate in the global dairy protein market throughout the forecast period. Dairy protein is widely used in the food, beverage, and nutrition industries in many Asian countries. The market for casein & derivatives and whey protein in the region is rapidly expanding due to increased awareness of casein & derivatives and whey protein as sports or refreshment drinks.
Major vendors in the Global Dairy Protein Market include Arla Foods Inc, Cabot Creamery, Schreiber Foods, Royal Friesland Campina, Archer Daniels Midland Company, Kerry Inc, Fonterra Co-Operative Group (Fonterra), Groupe Lactalis, Dana Dairy Group, Saputo, and Others.
Recent Developments
- In May 2022, ADM, an international leader in nutrition and sustainable solutions, disclosed plans to significantly expand starch production at its Marshall, Minnesota, facility to meet fast-growing demand from the food and beverage industries, as well as to support the company's BioSolutions platform's continued expansion.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2032. Spherical Insights has segmented the Global Dairy Protein Market based on the below-mentioned segments:
Global Dairy Protein Market, By Type
- Whey Protein
- Milk Protein Concentrate
- Others
Global Dairy Protein Market, By Form
- Solid
- Liquid
Global Dairy Protein Market, By Application
- Food and Beverages
- Nutrition
- Others
Global Dairy Protein Market, Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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