Global Dairy Proteins Market, By Product Type (Milk protein isolates (MPIs), Casein and caseinates, Whey protein isolates (WPIs), Whey protein concentrates (WPCs), Milk protein concentrates (MPCs), and other product types), By Form (Dry, Liquid), By Application (Bakery & confectionery, Convenience food, Clinical nutrition, Sports nutrition, Infant nutrition, Food supplements, and other applications), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2020 and 2028.
The dairy proteins market size was valued at US$ 14.3 Bn in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.3% from 2020 to 2028.
Protein can be perceived as a vital dietary element and adequate uptake is essential for a balanced and a d and a healthy diet. In the present times, consumers are increasingly getting knowledgeable and aware about the positive effects of protein in the diet. In the similar manner, dairy is a crucial source of superior-quality, multifaceted and multi-purpose protein.
As a matter of fact, several food and beverage manufacturers, nowadays, are striving to assimilate dairy protein in their products. Milk is an intricate, active nutritional system that offers myriad functional and nutritional benefits.
The proteins in milk are in particular intricate and receptive to a several number of processing stipulations used in the food and dairy industry. For that reason comprehending dairy proteins and their functional capability can assist in bringing tailored functional attributes to dairy constituents as well as to finished food and dairy products.
The growing health consciousness and awareness among the population and shifting heed toward healthy and nutritional diets, resultantly elevating protein consumption to get additional nutrients from protein additives made utilizing dairy proteins is majorly boosting the demand of dairy proteins across global market, thereby the global dairy proteins market is projected to rise substantially in the near future.
In addition to that, casein and whey proteins are most extensively consumed as protein accompaniments by consumers, which is also expected to flourish the demand of dairy proteins in the global markets.
Moreover, parents are also becoming more health conscious for their children as their notion of high nutritional value of child nutrition is altering, which is further projected to propel the growth for infant formula consumption made from dairy proteins. Therefore, the global dairy proteins market is estimated to witness major breakthroughs in the years to come.
However, the switch in inclination towards a vegan diet among a huge chunk of population, worldwide, is likely to hold back the growth of the global dairy protein market in the forthcoming years. Although at the same time, the employment of dairy protein in the sports nutrition industry is anticipated to lay out numerous progress opportunities for the dairy protein market over the forecast period.
MMC Study identifies some of the key participating players in the dairy proteins market globally are AMCO Proteins, Arla Foods, Fonterra Co-operative Group, Glanbia plc, Hoogwegt, Interfood, Kerry Inc., Royal FrieslandCampina N.V., Sachsenmilch Milk & Whey Ingredients, Saputo Inc. among others.
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