The Global Dairy Protein Market size is expected to reach $17.6 billion by 2031, rising at a market growth of 4.9% CAGR during the forecast period.
North America has a strong tradition of dairy consumption, with products like milk, cheese, yogurt, and butter staples in many consumers' diets. Therefore, the North American region will capture 34.8% revenue share by 2031. This high consumption contributes to the demand for dairy proteins in the region. The sports nutrition sector in North America has also contributed to their growing demand, with athletes and fitness enthusiasts seeking protein supplements to support muscle recovery and growth.
The major strategies followed by the market participants are Mergers & Acquisition as the key developmental strategy to keep pace with the changing demands of end users. For instance, In November, 2021, Archer Daniels Midland Company completed the acquisition of Sojaprotein. Through this acquisition, Archer Daniels Midland broadened its alternative protein expertise and enhanced its capacity to satisfy the increasing market demand for plant-based food and beverage options. Additionally, In May, 2023, Archer Daniels Midland Company completed the acquisition of D.C.A. Finance B.V. Through this acquisition, the companies expanded their commodity brokerage expertise and solutions.
Based on the Analysis presented in the KBV Cardinal matrix; Archer Daniels Midland Company is the forerunner in the market. In December, 2023, Archer Daniels Midland Company completed the acquisition of Revela Foods, LLC, a diversified food ingredients company. Through this acquisition, Archer Daniels Midland Company incorporated the dairy flavour ingredients and solutions of Revela to strengthen its global dairy and Savory flavours portfolio. Companies such as Fonterra Co-operative Group Limited, Kerry Group PLC, Saputo, Inc. are some of the key innovators in the market.
Market Growth Factors
As people become more conscious of their dietary choices and the role of nutrition in overall health and wellness, there has been a growing demand for protein-rich foods and beverages, including those derived from dairy sources. Thus, the increasing health awareness among consumers has been a significant driving force behind the growth of the market, fuelling demand for protein-rich dairy products and driving innovation in the industry.
Sports nutrition products often include protein supplements to aid muscle repair and growth after exercise. These, including casein and whey, are significantly esteemed in nutritional supplements on account of their superior quality and comprehensive amino acid composition, which efficiently facilitates muscle growth and recovery. Therefore, the growth in sports nutrition has created a favourable environment for the market, with increasing demand driven by factors such as health awareness, product innovation, scientific support, and expanded distribution channels.
Market Restraining Factors
Plant-based alternatives, such as pea, soy, and rice protein, directly compete with dairy proteins in various applications, including beverages, protein powders, meat substitutes, and dairy alternatives like plant-based milk and yogurts. As consumer interest in plant-based diets grows, these alternatives capture market share that would otherwise go to these proteins. Thus, the rise of plant-based alternatives challenges the market.
By Form Analysis
On the basis of form, the market is classified into solid and liquid. The solid segment witnessed 85.8% revenue share in the market in 2023. The solid form segment encompasses a variety of protein-rich products such as cheese, yogurt, and milk powders. These solid forms of this protein are crucial in meeting consumer demand for convenient and nutritious food options.
By Type Analysis
Based on type, the market is characterized into whey protein, milk protein concentrate, and casein & derivatives. In 2023, the milk protein concentrate segment recorded 28.9% revenue share in the market. Increased consumer consciousness regarding the significance of protein in promoting immune health and general wellness has contributed to a surge in the desire for products that contain milk protein concentrate (MPC).
By Application Analysis
By application, the market is fragmented into nutrition, food & beverages, personal care & cosmetics, feed, and others. The food & beverages segment procured 40.5% revenue share in the market in 2023. These products include dairy-based foods such as yogurt, cheese, ice cream, and butter and dairy protein-fortified beverages like protein shakes, smoothies, and functional drinks.
By Regional Analysis
Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment held 30.8% revenue share in the market in 2023. By prioritizing sustainability, health, and quality, Europe continues to be a significant participant in the worldwide industry. Europe has a long-standing dairy production and consumption tradition, with products like cheese, yogurt, and milk integral to the European diet.
Recent Strategies Deployed in the Market
- Dec-2023: Archer Daniels Midland Company completed the acquisition of Revela Foods, LLC, a diversified food ingredients company. Through this acquisition, Archer Daniels Midland Company incorporated the dairy flavour ingredients and solutions of Revela to strengthen its global dairy and savory flavours portfolio.
- Dec-2023: Saputo, Inc. introduced fresh offerings under its Montchevre and Frigo Cheese Heads labels. Montchevre presents a novel goat cheese variation: Thai Sweet Chili Topped Goat Cheese. This innovative blend incorporates sweet red peppers, lime, garlic, and spices, imparting a zesty twist to the traditional goat cheese flavour profile. On the other hand, Frigo Cheese Heads is debuting a new whole milk edition of its string cheese, providing a rich source of calcium and boasting 5g of protein per serving.
- Dec-2023: Arla Foods, Inc. formed a partnership with Solinest French distributor Solinest, a major player on the French and European sweet distribution market. Under this partnership, two brands, Arla Skyr and Arla Protein, were launched in French retail. Additionally, the partnership helped in increasing its relevance and ability to meet the needs of consumers.
- May-2023: Archer Daniels Midland Company completed the acquisition of D.C.A. Finance B.V., an investment firm. Through this acquisition, the companies expanded its commodity brokerage expertise and solutions. Additionally, the acquisition assisted in adding value and growth opportunities to the customer offerings.
- Mar-2023: Kerry Group PLC launched the SucculencePB, a revolutionary innovation designed for plant-based meat substitutes, offering consumers the savory and succulent taste reminiscent of traditional meat. The new product not only replicates the sought-after juiciness of meat but also enhances the nutritional value and reduces the environmental footprint of plant-based alternatives. Additionally, the new product effectively addresses the common challenge of the dry mouth sensation often experienced with cooked plant-based meat substitutes.
List of Key Companies Profiled
- Archer Daniels Midland Company
- Arla Foods, Inc.
- 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.
Global Dairy Protein Market Report Segmentation
By Form
By Type
- Whey protein
- Milk Protein Concentrate
- Casein & derivatives
By Application
- Food & Beverages
- Nutrition
- Personal Care & Cosmetics
- Feed
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia & New Zealand
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1.Market Scope & Methodology
- 1.1Market Definition
- 1.2Objectives
- 1.3Market Scope
- 1.4Segmentation
- 1.4.1Global Dairy Protein Market, by Form
- 1.4.2Global Dairy Protein Market, by Type
- 1.4.3Global Dairy Protein Market, by Application
- 1.4.4Global Dairy Protein Market, by Geography
- 1.5Methodology for the research
Chapter 2.Market at a Glance
Chapter 3.Market Overview
- 3.1Introduction
- 3.1.1Overview
- 3.1.1.1Market Composition and Scenario
- 3.2Key Factors Impacting the Market
- 3.2.1Market Drivers
- 3.2.2Market Restraints
- 3.2.3Market Opportunities
- 3.2.4Market Challenges
Chapter 4.Competition Analysis - Global
- 4.1KBV Cardinal Matrix
- 4.2Recent Industry Wide Strategic Developments
- 4.2.1Partnerships, Collaborations and Agreements
- 4.2.2Product Launches and Product Expansions
- 4.2.3Acquisition and Mergers
- 4.3Top Winning Strategies
- 4.3.1Key Leading Strategies: Percentage Distribution (2020-2024)
- 4.3.2Key Strategic Move: (Mergers & Acquisition : 2021, May - 2023, Dec) Leading Players
- 4.4Porter's Five Forces Analysis
Chapter 5.Global Dairy Protein Market by Form
- 5.1Global Solid Market by Region
- 5.2Global Liquid Market by Region
Chapter 6.Global Dairy Protein Market by Type
- 6.1Global Whey protein Market by Region
- 6.2Global Milk Protein Concentrate Market by Region
- 6.3Global Casein & derivatives Market by Region
Chapter 7.Global Dairy Protein Market by Application
- 7.1Global Food & Beverages Market by Region
- 7.2Global Nutrition Market by Region
- 7.3Global Personal Care & Cosmetics Market by Region
- 7.4Global Feed Market by Region
- 7.5Global Others Market by Region
Chapter 8.Global Dairy Protein Market by Region
- 8.1North America Dairy Protein Market
- 8.1.1North America Dairy Protein Market by Form
- 8.1.1.1North America Solid Market by Region
- 8.1.1.2North America Liquid Market by Region
- 8.1.2North America Dairy Protein Market by Type
- 8.1.2.1North America Whey protein Market by Country
- 8.1.2.2North America Milk Protein Concentrate Market by Country
- 8.1.2.3North America Casein & derivatives Market by Country
- 8.1.3North America Dairy Protein Market by Application
- 8.1.3.1North America Food & Beverages Market by Country
- 8.1.3.2North America Nutrition Market by Country
- 8.1.3.3North America Personal Care & Cosmetics Market by Country
- 8.1.3.4North America Feed Market by Country
- 8.1.3.5North America Others Market by Country
- 8.1.4North America Dairy Protein Market by Country
- 8.1.4.1US Dairy Protein Market
- 8.1.4.1.1US Dairy Protein Market by Form
- 8.1.4.1.2US Dairy Protein Market by Type
- 8.1.4.1.3US Dairy Protein Market by Application
- 8.1.4.2Canada Dairy Protein Market
- 8.1.4.2.1Canada Dairy Protein Market by Form
- 8.1.4.2.2Canada Dairy Protein Market by Type
- 8.1.4.2.3Canada Dairy Protein Market by Application
- 8.1.4.3Mexico Dairy Protein Market
- 8.1.4.3.1Mexico Dairy Protein Market by Form
- 8.1.4.3.2Mexico Dairy Protein Market by Type
- 8.1.4.3.3Mexico Dairy Protein Market by Application
- 8.1.4.4Rest of North America Dairy Protein Market
- 8.1.4.4.1Rest of North America Dairy Protein Market by Form
- 8.1.4.4.2Rest of North America Dairy Protein Market by Type
- 8.1.4.4.3Rest of North America Dairy Protein Market by Application
- 8.2Europe Dairy Protein Market
- 8.2.1Europe Dairy Protein Market by Form
- 8.2.1.1Europe Solid Market by Country
- 8.2.1.2Europe Liquid Market by Country
- 8.2.2Europe Dairy Protein Market by Type
- 8.2.2.1Europe Whey protein Market by Country
- 8.2.2.2Europe Milk Protein Concentrate Market by Country
- 8.2.2.3Europe Casein & derivatives Market by Country
- 8.2.3Europe Dairy Protein Market by Application
- 8.2.3.1Europe Food & Beverages Market by Country
- 8.2.3.2Europe Nutrition Market by Country
- 8.2.3.3Europe Personal Care & Cosmetics Market by Country
- 8.2.3.4Europe Feed Market by Country
- 8.2.3.5Europe Others Market by Country
- 8.2.4Europe Dairy Protein Market by Country
- 8.2.4.1Germany Dairy Protein Market
- 8.2.4.1.1Germany Dairy Protein Market by Form
- 8.2.4.1.2Germany Dairy Protein Market by Type
- 8.2.4.1.3Germany Dairy Protein Market by Application
- 8.2.4.2UK Dairy Protein Market
- 8.2.4.2.1UK Dairy Protein Market by Form
- 8.2.4.2.2UK Dairy Protein Market by Type
- 8.2.4.2.3UK Dairy Protein Market by Application
- 8.2.4.3France Dairy Protein Market
- 8.2.4.3.1France Dairy Protein Market by Form
- 8.2.4.3.2France Dairy Protein Market by Type
- 8.2.4.3.3France Dairy Protein Market by Application
- 8.2.4.4Russia Dairy Protein Market
- 8.2.4.4.1Russia Dairy Protein Market by Form
- 8.2.4.4.2Russia Dairy Protein Market by Type
- 8.2.4.4.3Russia Dairy Protein Market by Application
- 8.2.4.5Spain Dairy Protein Market
- 8.2.4.5.1Spain Dairy Protein Market by Form
- 8.2.4.5.2Spain Dairy Protein Market by Type
- 8.2.4.5.3Spain Dairy Protein Market by Application
- 8.2.4.6Italy Dairy Protein Market
- 8.2.4.6.1Italy Dairy Protein Market by Form
- 8.2.4.6.2Italy Dairy Protein Market by Type
- 8.2.4.6.3Italy Dairy Protein Market by Application
- 8.2.4.7Rest of Europe Dairy Protein Market
- 8.2.4.7.1Rest of Europe Dairy Protein Market by Form
- 8.2.4.7.2Rest of Europe Dairy Protein Market by Type
- 8.2.4.7.3Rest of Europe Dairy Protein Market by Application
- 8.3Asia Pacific Dairy Protein Market
- 8.3.1Asia Pacific Dairy Protein Market by Form
- 8.3.1.1Asia Pacific Solid Market by Country
- 8.3.1.2Asia Pacific Liquid Market by Country
- 8.3.2Asia Pacific Dairy Protein Market by Type
- 8.3.2.1Asia Pacific Whey protein Market by Country
- 8.3.2.2Asia Pacific Milk Protein Concentrate Market by Country
- 8.3.2.3Asia Pacific Casein & derivatives Market by Country
- 8.3.3Asia Pacific Dairy Protein Market by Application
- 8.3.3.1Asia Pacific Food & Beverages Market by Country
- 8.3.3.2Asia Pacific Nutrition Market by Country
- 8.3.3.3Asia Pacific Personal Care & Cosmetics Market by Country
- 8.3.3.4Asia Pacific Feed Market by Country
- 8.3.3.5Asia Pacific Others Market by Country
- 8.3.4Asia Pacific Dairy Protein Market by Country
- 8.3.4.1China Dairy Protein Market
- 8.3.4.1.1China Dairy Protein Market by Form
- 8.3.4.1.2China Dairy Protein Market by Type
- 8.3.4.1.3China Dairy Protein Market by Application
- 8.3.4.2Japan Dairy Protein Market
- 8.3.4.2.1Japan Dairy Protein Market by Form
- 8.3.4.2.2Japan Dairy Protein Market by Type
- 8.3.4.2.3Japan Dairy Protein Market by Application
- 8.3.4.3India Dairy Protein Market
- 8.3.4.3.1India Dairy Protein Market by Form
- 8.3.4.3.2India Dairy Protein Market by Type
- 8.3.4.3.3India Dairy Protein Market by Application
- 8.3.4.4South Korea Dairy Protein Market
- 8.3.4.4.1South Korea Dairy Protein Market by Form
- 8.3.4.4.2South Korea Dairy Protein Market by Type
- 8.3.4.4.3South Korea Dairy Protein Market by Application
- 8.3.4.5Australia & New Zealand Dairy Protein Market
- 8.3.4.5.1Australia & New Zealand Dairy Protein Market by Form
- 8.3.4.5.2Australia & New Zealand Dairy Protein Market by Type
- 8.3.4.5.3Australia & New Zealand Dairy Protein Market by Application
- 8.3.4.6Malaysia Dairy Protein Market
- 8.3.4.6.1Malaysia Dairy Protein Market by Form
- 8.3.4.6.2Malaysia Dairy Protein Market by Type
- 8.3.4.6.3Malaysia Dairy Protein Market by Application
- 8.3.4.7Rest of Asia Pacific Dairy Protein Market
- 8.3.4.7.1Rest of Asia Pacific Dairy Protein Market by Form
- 8.3.4.7.2Rest of Asia Pacific Dairy Protein Market by Type
- 8.3.4.7.3Rest of Asia Pacific Dairy Protein Market by Application
- 8.4LAMEA Dairy Protein Market
- 8.4.1LAMEA Dairy Protein Market by Form
- 8.4.1.1LAMEA Solid Market by Country
- 8.4.1.2LAMEA Liquid Market by Country
- 8.4.2LAMEA Dairy Protein Market by Type
- 8.4.2.1LAMEA Whey protein Market by Country
- 8.4.2.2LAMEA Milk Protein Concentrate Market by Country
- 8.4.2.3LAMEA Casein & derivatives Market by Country
- 8.4.3LAMEA Dairy Protein Market by Application
- 8.4.3.1LAMEA Food & Beverages Market by Country
- 8.4.3.2LAMEA Nutrition Market by Country
- 8.4.3.3LAMEA Personal Care & Cosmetics Market by Country
- 8.4.3.4LAMEA Feed Market by Country
- 8.4.3.5LAMEA Others Market by Country
- 8.4.4LAMEA Dairy Protein Market by Country
- 8.4.4.1Brazil Dairy Protein Market
- 8.4.4.1.1Brazil Dairy Protein Market by Form
- 8.4.4.1.2Brazil Dairy Protein Market by Type
- 8.4.4.1.3Brazil Dairy Protein Market by Application
- 8.4.4.2Argentina Dairy Protein Market
- 8.4.4.2.1Argentina Dairy Protein Market by Form
- 8.4.4.2.2Argentina Dairy Protein Market by Type
- 8.4.4.2.3Argentina Dairy Protein Market by Application
- 8.4.4.3UAE Dairy Protein Market
- 8.4.4.3.1UAE Dairy Protein Market by Form
- 8.4.4.3.2UAE Dairy Protein Market by Type
- 8.4.4.3.3UAE Dairy Protein Market by Application
- 8.4.4.4Saudi Arabia Dairy Protein Market
- 8.4.4.4.1Saudi Arabia Dairy Protein Market by Form
- 8.4.4.4.2Saudi Arabia Dairy Protein Market by Type
- 8.4.4.4.3Saudi Arabia Dairy Protein Market by Application
- 8.4.4.5South Africa Dairy Protein Market
- 8.4.4.5.1South Africa Dairy Protein Market by Form
- 8.4.4.5.2South Africa Dairy Protein Market by Type
- 8.4.4.5.3South Africa Dairy Protein Market by Application
- 8.4.4.6Nigeria Dairy Protein Market
- 8.4.4.6.1Nigeria Dairy Protein Market by Form
- 8.4.4.6.2Nigeria Dairy Protein Market by Type
- 8.4.4.6.3Nigeria Dairy Protein Market by Application
- 8.4.4.7Rest of LAMEA Dairy Protein Market
- 8.4.4.7.1Rest of LAMEA Dairy Protein Market by Form
- 8.4.4.7.2Rest of LAMEA Dairy Protein Market by Type
- 8.4.4.7.3Rest of LAMEA Dairy Protein Market by Application
Chapter 9.Company Profiles
- 9.1Archer Daniels Midland Company
- 9.1.1Company Overview
- 9.1.2Financial Analysis
- 9.1.3Segmental and Regional Analysis
- 9.1.4Research & Development Expense
- 9.1.5Recent strategies and developments:
- 9.1.5.1Partnerships, Collaborations, and Agreements:
- 9.1.5.2Acquisition and Mergers:
- 9.2Arla Foods, Inc.
- 9.2.1Company Overview
- 9.2.2Financial Analysis
- 9.2.3Regional Analysis
- 9.2.4Research & Development Expense
- 9.2.5Recent strategies and developments:
- 9.2.5.1Partnerships, Collaborations, and Agreements:
- 9.2.5.2Product Launches and Product Expansions:
- 9.2.6SWOT Analysis
- 9.3Kerry Group PLC
- 9.3.1Company Overview
- 9.3.2Financial Analysis
- 9.3.3Segmental and Regional Analysis
- 9.3.4Research & Development Expenses
- 9.3.5Recent strategies and developments:
- 9.3.5.1Product Launches and Product Expansions:
- 9.3.5.2Acquisition and Mergers:
- 9.3.6SWOT Analysis
- 9.4Saputo, Inc.
- 9.4.1Company overview
- 9.4.2Financial Analysis
- 9.4.3Segmental and Regional Analysis
- 9.4.4Recent strategies and developments:
- 9.4.4.1Product Launches and Product Expansions:
- 9.4.4.2Acquisition and Mergers:
- 9.4.5SWOT Analysis
- 9.5Fonterra Co-operative Group Limited
- 9.5.1Company Overview
- 9.5.2Financial Analysis
- 9.5.3Regional Analysis
- 9.5.4Research & Development Expense
- 9.5.5Recent strategies and developments:
- 9.5.5.1Partnerships, Collaborations, and Agreements:
- 9.5.5.2Product Launches and Product Expansions:
- 9.5.6SWOT Analysis
- 9.6Royal FrieslandCampina N.V.
- 9.6.1Company Overview
- 9.6.2Financial Analysis
- 9.6.3Segmental and Regional Analysis
- 9.6.4Research & Development Expenses
- 9.6.5Recent strategies and developments:
- 9.6.5.1Partnerships, Collaborations, and Agreements:
- 9.6.6SWOT Analysis
- 9.7Schreiber Foods, Inc.
- 9.7.1Company Overview
- 9.7.2SWOT Analysis
- 9.8Lactalis Group
- 9.8.1Company Overview
- 9.8.2Recent strategies and developments:
- 9.8.2.1Acquisition and Mergers:
- 9.8.3SWOT Analysis
- 9.9DANA Dairy Group Ltd.
- 9.9.1Company Overview
- 9.9.2SWOT Analysis
- 9.10.Agri-Mark, Inc.
Chapter 10.Winning Imperatives of Dairy Protein Market