Dairy protein consists of protein derived from milk, such as whey and milk protein in the form of isolates, concentrates or hydrolysates. Whey protein is widely used in sport nutrition products or as nutritional supplement for sports person as it is a healthy protein source enriched with essential amino acids. Dairy proteins also find application in dairy products such as protein rich yogurt, personal care products such as shampoo, and in bakery products such as cakes and cookies.

Market Dynamics:

  • Dairy proteins such as whey proteins are widely used in preparation of bakery products to improve texture. Growing bakery and confectionary industry globally is expected to drive growth of global dairy protein market over the forecast period. For instance, according to the report, ‘Sector Trend Analysis – Baked goods in the United States and Canada’, published by the Department of Agriculture and Agri-food of Government of Canada, in October 2018, baked goods industry was valued at US$ 296.4 billion at retails sales in 2013 and reached to US$ 352.8 billion at retails sales in 2017, exhibiting a CAGR of 4.5% for the period 2013-2017.
  • Moreover, key players in dairy protein market are focusing on offering new and high quality dairy proteins in order to increase their consumer base. For instance, Arla Foods Ingredients Group P/S, a Denmark-based company, offers ‘Nutrilac’, a range of milk based proteins such as whey for bakery applications. Company states that whey protein improves product’s taste, texture, and moistness. Company also claims that whey proteins are potential substitute for egg and therefore provide options for eggless bakery products with similar properties provided by egg.
  • However, increasing trend of vegan products is expected to restrain the growth of dairy protein market. Availability of various vegan protein sources such as soy proteins pea protein or hemp protein pose challenge to the global dairy protein market growth.

Market Outlook:  

  • Europe is expected to exhibit high growth in global dairy protein market over the forecast period owing to growing end-use industries such as bakery and beauty & personal care in the region. For instance, according to the data released by ‘Cosmetics Europe - The Personal Care Association’, in 2018, European cosmetics and personal care market accounted for a major revenue share globally, and was valued at about US$ 06 billion at retail sales price in 2018.
  • Milk proteins are used in personal care products, owing to high content of essential amino acids which are vital for skin conditioning and hair conditioning. Hence, milk proteins find application in products such as shampoos, moisturizers, conditioners, and other personal care products. For instance, Korres Natural Products S.A., a personal care products company, offers cleansing and make-up removing wipes, formulated with hydrolyzed milk proteins. These wipes are used as facial wipes for cleansing the skin, removing face & eye makeup, and moisturize the skin.

Key players:

  • Key players operating in the global dairy protein market include Glanbia Plc, Fonterra Co-operative Group Limited, Arla Foods Ingredients Group P/S, Lactalis Group, FrieslandCampina N.V., United Dairymen of Arizona, AMCO Proteins, Grassland Dairy Products, Inc., Saputo Inc., Westland Dairy Company Limited, FIT Group, and Erie Foods International, Inc

Market Taxonomy:

On the basis of product type, the global dairy protein market is segmented into:

  • Milk Protein Concentrates (MPC)
  • Whey Protein Concentrates (WPC)
  • Milk Protein Isolates (MPI)
  • Whey Protein Isolates (WPI)
  • Whey Protein Hydrolysate (WPH)
  • Others (Casein, Lactoferrin, etc.)

On the basis of application, the global dairy protein market is segmented into:

  • Dairy Products
  • Bakery & Confectionary
  • Beauty & Personal Care
  • Nutraceuticals

On the basis of region, the global dairy protein market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • Middle East
    • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users