Emerging Dairy Protein Market Trends and Will Generate New Growth Opportunities Status 2027
The increasing demand for protein as a nutritional and functional ingredient and increasing demand for infant formula is driving the growth of the dairy protein market.
PORTLAND, OR, USA, Dec 9, 2021 /EINPresswire.com/ – Dairy Protein Market By Type (Casein & Derivatives, Whey Protein & Whey Protein Concentrate) By Application (Food & Beverage, Nutrition, Personal Care and cosmetics, Feed and others) and by form (solid and liquid): Global opportunity analysis and industry forecast, 2021-2027. According to the report, the global dairy protein industry generated $ 9.9 billion in 2019 and is expected to reach $ 15.3 billion by 2027, with a CAGR of 4.6% from 2021 to 2027.
Rising demand for protein as a nutritional and functional ingredient, increasing consumer awareness of healthy eating, and increasing demand for infant formula are driving the growth of the market world of dairy proteins. However, the demand for vegetable protein is hampering the growth of the market. On the other hand, the introduction of protein supplements in untapped regions, product innovations and the demand for organic dairy ingredients create new opportunities in the years to come.
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Dairy protein manufacturing activities have been hampered due to the closure of manufacturing facilities with the lockdown. The supply of raw materials was disrupted due to restrictions on daily activities.
The demand for dairy protein has declined significantly due to limited or no manufacturing activities of various products in the food and beverage, personal care and nutrition industries. However, demand is expected to increase during the post-containment period as daily activities in these industries accelerate.
On the basis of product type, whey protein segment accounted for the largest share in 2019, contributing about half of the global dairy protein market, and is expected to maintain its leading position during the forecast period. This is due to the growing popularity of athletes and bodybuilders as it offers overall body growth and muscle building as well as increased demand for sports nutrition products and its own ingredient label. However, the casein and derivatives segment is expected to experience the highest CAGR of 5.9% from 2021 to 2027, due to increasing demand for dietary supplements, expansion of major dairy suppliers and increased consumption of protein, vitality bars and caffeinated drinks.
On the basis of applications, the food and beverage segment contributed the largest market share, holding nearly half of the global dairy protein market in 2019, and will maintain its dominant share in terms of revenue throughout the market. forecast period. This is attributed to the increased demand for milk proteins and other proteins extracted from milk as well as the increased consumer demand for high nutritional value beverages in the United States and Canada. However, the nutrition segment is expected to post the fastest CAGR of 5.9% from 2021 to 2027, owing to the shift in preferences of health-conscious consumers towards beverages and nutritional products in developed countries with their excellent nutritional contents such as electrolytes and nutrients.
Based on region, North America held the highest market share in 2019, contributing over a third of the global dairy protein market, and will maintain its leading status by 2027. This is due to the significant growth and unlimited potential of the fitness industry. in the United States However, Asia-Pacific is estimated to have the highest CAGR of 6.2% during the forecast period, due to the increase in the food and beverage and nutrition industries in many Asian countries as well as an increase in awareness of casein and whey derivatives and proteins as sports and refreshing drinks.
Leading players operating in the analysis of Dairy Protein Industry are focusing on a leading strategy to overcome competition and maintain and improve their share in the world. On the basis of Dairy Protein market share, major players presented in this report include Kerry Inc, Arla Foods Inc., Archer Daniels Midland Company, Fonterra Co-Operative Group (Fonterra), Lactalis Group, Cabot Creamery, Royal Frieslandcampina , Dana Dairy Group, Les Aliments Schreiber and Saputo
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