Market Size of Dairy Protein Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 4.95 Billion |
| Market Size (2029) | USD 6.18 Billion |
| CAGR (2024 - 2029) | 4.53 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
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*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 4.95 billion in 2024, and is expected to reach USD 6.18 billion by 2029, at a CAGR of 4.53% during the forecast period (2024-2029).
As consumers increasingly prioritize healthier food choices, protein has emerged as a key component linked to wellness, muscle health, weight management, and satiety. Dairy proteins, especially whey and casein, are valued for their high biological value and comprehensive amino acid profiles, making them sought-after ingredients in various food products. This global trend of integrating more protein into diets highlights the surging demand for dairy proteins. Notably, the U.S. Department of Agriculture reported that in fiscal year 2023, India alone consumed over 17 million metric tons of protein meals.
High-protein diets have gained immense popularity, lauded for their benefits in weight management, muscle maintenance, and overall fitness. As a result, dairy proteins, including milk protein concentrates and isolates, have seamlessly integrated into protein bars, beverages, and other functional foods. In light of the surging demand for dairy proteins in fortified foods, companies specializing in dairy proteins have been tailoring their offerings. For instance, in October 2022, Arla Foods Ingredients, based in Denmark, launched a functional drink targeting rehydration and recovery. This ready-to-drink sports nutrition solution featured Lacprodan SP-9213, a whey protein isolate, with Arla highlighting its functionality even when mixed with electrolytes.
In conclusion, the global dairy protein market is on an upward trajectory, driven by health trends, heightened protein awareness, the sports nutrition surge, and relentless product innovations. Companies are capitalizing on this momentum, introducing a wide range of dairy protein-enriched products designed to cater to the diverse needs of consumers across different demographics and regions.
Dairy Protein Industry Segmentation
Dairy protein encompasses the proteins present in milk and its derivatives, including cheese, yogurt, and whey protein supplements. The primary dairy proteins are casein and whey. Casein is slow-digesting and constitutes roughly 80% of the protein content in milk. In contrast, whey, accounting for about 20% of the protein in milk, is fast-digesting.
The global dairy protein market has been segmented based on product type, applications, and geography. The market has been segmented based on product type 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 market has been segmented into sports nutrition, infant formulations, functional food and beverages, dietary supplements, animal feed and 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, and the Middle East and Africa. The market sizing has been done in value terms in USD for all the abovementioned segments.
For each segment, the market sizing and forecasts have been done based on value (USD).
| Product Type | |
| 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 and Beverages | |
| Dietary Supplements | |
| Animal Feed and 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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1.1.1 Consumer Inclination Toward Protein-Rich Food Products
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1.1.2 Increasing Milk Production Supporting The Dairy Protein Demand
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1.2 Market Restraints
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1.2.1 Surging Market Penetration Of Dairy Protein Alternatives
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1.2.2 Increase In Lactose Intolerance Hampering Market Growth
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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 Product Type
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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 and Beverages
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2.2.4 Dietary Supplements
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2.2.5 Animal Feed and 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 South Africa
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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 4.95 billion in 2024 and grow at a CAGR of 4.53% to reach USD 6.18 billion by 2029.
What is the current Dairy Protein Market size?
In 2024, the Dairy Protein Market size is expected to reach USD 4.95 billion.
