According to a new report Global Dairy Protein Market, published by KBV research, The Global Dairy Protein Market size is expected to reach $13.4 billion by 2025, rising at a market growth of 5.9% CAGR during the forecast period.
The whey segment has accounted for the highest share in the global market in 2018. Whey protein ingredients such as whey protein concentrate and whey protein isolate have been the preferred option among consumers for dairy protein. In addition, the increase in casein demand in industrial applications, the casein market, and derivatives are expected to rise at the highest CAGR over the forecast period.
In 2018, the food & beverage segment was dominant on the application basis and is expected to maintain its dominance over the forecast period. Dairy proteins are used in food & beverage products for different functions and the industry looks forward to improved versatility from their ingredients, which has led to increased demand for dairy proteins. In addition, growing awareness of the benefits of nutritional protein supplements worldwide is expected to fuel demand for dairy protein ingredients during the forecast period.
North America was the dominant market in 2018 represented the maximum share of the global dairy protein market. This can be attributed to high per capita protein supplement intake in the U.S. and strong demand for protein-based food products and milk proteins in various foods & beverages due to their multi functionalities. In addition, the Asia-Pacific market is expected to experience the highest CAGR due to increased awareness of the functional characteristics of dairy proteins, increased demand for nutritional supplements in developing countries, expansion of the retail sector and increasing customer disposable incomes.
Structural Insights: https://www.kbvresearch.com/dairy-protein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Archer Daniels Midland Company, Arla Foods Amba, Kerry Group PLC, Saputo, Inc., Fonterra Co-operative Group Limited, Royal Frieslandcampina N.V., Schreiber Foods, Inc., Lactalis Group (BSA SA), DANA Dairy Group Ltd., and Agri-Mark, Inc. (Cabot Creamery Cooperative).
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