Dairy Protein Market to Garner $14.54 Bn, Globally, by 2026 at 5.6% CAGR, Says Allied Market Research

PORTLAND, Oregon, March 5, 2020 /PRNewswire/ -- Allied Market Research recently published a report, titled, "Dairy Protein Market by Type (Casein & Derivatives, Whey Protein, and Milk Protein Concentrate), Application (Food & Beverages, Nutrition, Personal Care & Cosmetics, Feed, and Others), and Form (Solid and Liquid): Global Opportunity Analysis and Industry Forecast, 2019–2026". According to the report, the global dairy protein industry was pegged at $9.93 billion in 2019, and is expected to reach $14.54 billion by 2026, growing at a CAGR of 5.6% from 2019 to 2026.

Chief reasons for market fluctuations

Increase in demand for protein as nutritional and functional ingredients, rise in demand for infant formula coupled with consumer awareness regarding healthy diet have boosted the growth of the global dairy protein market. However, surge in demand for infant formula hampers the market. On the contrary, advent of protein supplements in untapped markets and product innovation and rise in demand for organic dairy ingredients are expected to create lucrative opportunities in the near future.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/6360

Casein and derivatives segment to manifest fastest CAGR through 2026

By type, the casein and derivatives segment is expected to portray the fastest CAGR of 6.7% during the forecast period, owing to increasing demand for casein and its derivatives from the sports nutrition industry and surge in adoption in dietary supplement. However, the whey protein segment held the largest share in 2019, contributing to around half of the global dairy protein market, owing to an increase in demand for whey-based products for muscle recovery, healthy snacks and nutritional convenience food among the health-conscious customers in developed countries.

Food and beverages segment dominated the market

The food & beverage segment held the largest share in 2019, accounting for nearly half of the global dairy protein market, owing to rise in demand for whey and casein ingredients in food & beverage applications due to their multiple benefits such as foaming, emulsifying and thickening ability. However, the nutrition segment is anticipated to portray the fastest CAGR of 6.6% during the forecast period, due to rising consumption of health-conscious consumers in the developing countries. 

North America held the largest share

The global dairy protein market across North America held the largest share in 2019, contributing to nearly one-third of the market, owing to large consumer base in the U.S. adopting healthy lifestyle and indulging in activities promoting an active and healthy lifestyle. However, the market across Asia-Pacific is estimated to register the fastest CAGR of 7.2% during the forecast period, due to awareness about the protein supplements.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/6360

Major market players

• Kerry Inc
• Archer Daniels Midland Company
• Arla Foods inc
• Groupe Lactalis
• Fonterra Co-Operative Group (Fonterra)
• Royal Frieslandcampina
• Cabot Creamery
• Schreiber Foods
• Dana Dairy Group
• Saputo

Avenue Basic Plan | Library Access | 1 Year Subscription |

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Dairy Alternatives Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Cocoa Products Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

Milk Powder Market: Global Opportunity Analysis and Industry Forecast, 2018–2025

Dairy Ingredients Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact us:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

Food and Beverages Market: https://www.alliedmarketresearch.com/reports-store/food-and-beverages 
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg