Global Dairy Protein Market: size was valued at US$ 10.53 Billion in 2020 and the total Dairy Protein revenue is expected to grow at 5.8% through 2021 to 2027, reaching nearly US$ 15.63 Billion.
Global Dairy Protein Market Overview:
The market report for Global Dairy Protein Market includes information on market share and company profiles for the leading international competitors along with a thorough analysis of the competition. The scope of the study includes a complete examination of the Global Dairy Protein Market as well as the factors influencing regional variations in the growth of the industry.
A major driver for the global dairy protein market is the need for infant formula for newborns and babies who are in the pre or early weaning age. According to a study published by WHO, there were 29 infant deaths for every 1000 infants born in 2020. One of the primary reasons behind this statistic was infant malnutrition. There is a high demand for infant formula whose mothers died in childbirth or other reasons. These infants need other alternatives to breast milk. These factors are projected to drive the global dairy protein market.
After market engineering, which included market statistics calculations, market size estimations, market predictions, market breakdown, and data triangulation, was complete, extensive primary research was carried out to gather data and confirm important figures. Throughout the market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the general market segments and sub-segments detailed in this study. In order to provide vital information during the study, all data collected during the market engineering process is submitted to comprehensive qualitative and quantitative analysis.
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Global Dairy Protein Market Segmentation:
By Type, the segments are Whey protein, Milk Protein Concentrate (MPCs), and Casein and derivatives. Whey protein held the highest share in the global dairy protein market in 2020. Milk Protein Concentrate segment is projected to grow at a CAGR of 5.5% in the forecast period (2021-2027). Dairy products contain many proteins and enzymes like casein. MPCs and whey proteins are more water-soluble than caseins. This is projected to hamper the growth of the casein segment in the aforementioned forecast period. Whey is the byproduct of the milk curdling process and it is used in many commercial dairy products. Sweet whey is obtained from the processing of cheddar or swiss cheese. The many commercial applications of whey protein are projected to drive the growth of this segment in the global dairy protein market in the same forecast period.
Global Dairy Protein Market Key Players:
• 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
• DANA Dairy Group Ltd.
• Agri-Mark, Inc.
• United Dairymen of Arizona
• Grassland Dairy Product
• Glanbia plc
• Unternehmensgruppe Theo Müller
• Tatura Milk Industries Ltd
• Milk Specialties
• LAÏTA PGC
To identify the market’s leaders and project market revenue, primary and secondary research are both used. CEOs, marketing executives, and seasoned front-line employees were just a few of the notable thought leaders and subject matter experts that participated in the in-depth interviews for the main study. As a part of the primary study, extensive interviews with important thought leaders and business experts—including CEOs, marketing executives, and seasoned front-line staff—were conducted.
The secondary study included a review of the annual and financial reports of the major manufacturers. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then put up against the original data in comparison. The Global Dairy Protein market is dominated by the following businesses:
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The regional market research report for Global Dairy Protein also includes information on the specific market driving forces and changes in market legislation that have an impact on current and future market trends. Current and forthcoming trends are studied in order to evaluate the potential market as a whole and find profitable patterns to lay a stronger foundation. The evaluation of the regional market is built on the basis of the current environment and expected trends.
COVID-19 Impact Analysis on Global Dairy Protein Market:
A stop in activities between January 2020 and May 2020 resulted in a fall in the growth of end-user industries utilising Global Dairy Protein. These countries included Spain, France, Italy, China, the United States, the United Kingdom, and Spain. The market for Global Dairy Protein manufacturers as well as the profits of companies operating in these sectors consequently experienced a sharp decline. This affected the market’s growth in 2020. Due to lockdowns and an increase in COVID-19 occurrences globally, end-user business demand for Global Dairy Protein has been severely decreased.
Key Questions Answered in the Global Dairy Protein Market Report are:
- Which market segment has the highest percentage of Global Dairy Protein in 2021?
- To what extent is there competition in the market?
- What are the primary factors influencing the growth of the Global Dairy Protein market?
- What portion of the market does region Global Dairy Protein control?
- What is the expected market CAGR from 2022 to 2029?
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