Market Size of Dairy Protein Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.81 Billion |
| Market Size (2029) | USD 5.95 Billion |
| CAGR (2024 - 2029) | 4.34 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dairy Protein Market Analysis
The Dairy Protein Market size is estimated at USD 4.81 billion in 2024, and is expected to reach USD 5.95 billion by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029).
- 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.
Dairy Protein Industry Segmentation
Dairy protein refers to the proteins found in milk and dairy products such as cheese, yogurt, and whey protein supplements. The two main types of dairy proteins are casein and whey. Casein makes up about 80% of the protein in milk and is a slow-digesting protein, while whey makes up about 20% of the protein in milk and is a fast-digesting protein.
The global dairy protein market has been segmented based on the ingredients, applications, and geography. The market is segmented based on ingredients into milk protein concentrates (MPCs), whey protein concentrates (WPCs), whey protein isolates (WPIs), milk protein isolates (MPIs), casein and caseinates, and other ingredients. Based on application, the various segments include sports nutrition, infant formulations, functional food & dietary supplement, pharmaceuticals, animal feed/pet food, and other applications. Also, the study provides an analysis of the dairy protein market in emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, the Middle East, and Africa.
For each segment, the market sizing and forecasts have been done based on value (in USD million).
| Ingredients | |
| Milk Protein Concentrates (MPCs) | |
| Whey Protein Concentrates (WPCs) | |
| Whey Protein Isolates (WPIs) | |
| Milk Protein Isolates (MPIs) | |
| Casein and Caseinates | |
| Other Ingredients |
| Application | |
| Sports Nutrition | |
| Infant formulations | |
| Functional Food & Dietary supplement | |
| Pharmaceutical | |
| Animal Feed/Pet Food | |
| Other Applications |
| Geography | |||||||||
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Dairy Protein Market Size Summary
The dairy protein market is experiencing significant growth, driven by the increasing consumer demand for high-protein diets that offer benefits such as satiety, weight management, and muscle health. Dairy proteins, including milk protein, casein, and whey protein, are favored for their rich taste and nutritional benefits, surpassing the appeal of emerging vegetarian protein sources. The market's expansion is fueled by heightened health awareness, a rise in lifestyle diseases, and a growing number of health-conscious individuals. Additionally, the aging global population is contributing to the demand for dairy proteins as a means to combat healthcare costs and age-related muscle loss. The trend towards urbanization and the increasing participation of women in the workforce are also influencing the market, particularly in the infant nutrition segment, where milk protein concentrate is becoming a key component of infant formulas.
Regionally, Europe holds the largest market share, with North America following as the second-largest market. The Asia-Pacific region is the fastest-growing market, driven by its large population and increasing demand for sports nutrition and functional beverages. The dairy protein industry is characterized by its competitive landscape, with major players like Fonterra Co-operative Group Limited, Glanbia PLC, and Royal FrieslandCampina NV leading the market. These companies are employing strategic initiatives such as product launches, market expansion, and mergers and acquisitions to strengthen their market position. Innovations in dairy protein products, such as Lactalis Ingredients' Prolacta 80 and EurialIngredients & Nutrition's EuriNutriWPC, are further propelling market growth, particularly in processed and ready-to-eat food products. The market's trajectory is supported by regulatory approvals and the introduction of new products, which are expected to continue driving demand in the coming years.
Dairy Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Ingredients
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2.1.1 Milk Protein Concentrates (MPCs)
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2.1.2 Whey Protein Concentrates (WPCs)
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2.1.3 Whey Protein Isolates (WPIs)
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2.1.4 Milk Protein Isolates (MPIs)
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2.1.5 Casein and Caseinates
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2.1.6 Other Ingredients
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2.2 Application
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2.2.1 Sports Nutrition
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2.2.2 Infant formulations
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2.2.3 Functional Food & Dietary supplement
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2.2.4 Pharmaceutical
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2.2.5 Animal Feed/Pet Food
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2.2.6 Other Applications
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Italy
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2.3.2.6 Spain
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2.3.2.7 Rest of Europe
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2.3.3 Asia Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 United Arab Emirates
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2.3.5.2 Saudi Arabia
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2.3.5.3 Rest of Middle East & Africa
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Dairy Protein Market Size FAQs
How big is the Dairy Protein Market?
The Dairy Protein Market size is expected to reach USD 4.81 billion in 2024 and grow at a CAGR of 4.34% to reach USD 5.95 billion by 2029.
What is the current Dairy Protein Market size?
In 2024, the Dairy Protein Market size is expected to reach USD 4.81 billion.
