The global dairy protein hydrolysate market was valued at US$717.333 million in 2019, and is expected to grow at a good CAGR over the forecast period. Growing awareness among people regarding the consumption of nutritional products is significantly driving the demand for dairy protein hydrolysates globally. Rising prevalence of chronic diseases such as obesity and diabetes is encouraging people to focus on their lifestyle choices and dietary patterns. As such, the demand for nutritional food and beverage products is increasing, which, in turn, is spurring the growth of the global dairy protein hydrolysate market. Growing preference of infant formula among working female population to feed their infants is another major factor that is stimulating the growth of the dairy protein hydrolysate market. As the number of working female population is growing, they do not have time to breast feed their infants and are relying on infant formula for proper growth and development of their infants. This increased demand, in turn, is propelling the growth of the global dairy protein hydrolysate market.
Booming geriatric population across different countries will continue to drive up the growth of the global dairy protein hydrolysate market. For instance, According to the United States Census Bureau, all baby boomers in America will be older than age 65 by 2030, expanding the size of the older population, such that one in every five residents will be at retirement age. This continuous rise in ageing population will drive up the demand for clinical nutritional products, thus positively impacting the market growth of dairy protein hydrolysate. For example, whey protein is used to treat illness and boost immunity among older people.
Key market players are also expanding their product portfolio in order to maintain their market position while reaching out to new customer base. With increasing clarity of whey proteins, their usage in beverage applications is getting popular, thereby driving the global dairy protein hydrolysate market growth. Arla Foods Ingredients launched a whey protein called Lacprodan ISO WaterShake, isolate for ready-to-mix powder products. The product has a clean water-like taste and help deliver pleasant taste and appereance. The product, thus, allows room for differentiation in the sports powder market, where taste is really important to consumers but is dominated by products that are milky in both taste and appearance. The company has also launched Lacprodan HYDRO.Rebuild, which is a 100 percent hydrolyzed whey protein with solid demonstration of significant improvements to muscle mass, strength, and mobility for resistance-trained older women in independent clinical trials.
Global dairy protein hydrolysate market has been classified on the basis of product, form, technology, application, and geography. On the basis of the product, the market has been segmented as whey and casein. On the basis of form, the global dairy protein hydrolysate market has been segmented as powder and paste. By technology, the global dairy protein hydrolysate market has been bifurcated as acid hydrolysis and enzymatic hydrolysis. By application, the global market has been classified as sports nutrition, infant nutrition, clinical nutrition, and animal feed.
By geography, North America accounts for a noteworthy share in the global dairy protein hydrolysate market
Geographically, the global dairy protein hydrolysate market is classified into five major regional markets- North America, South America, Europe, Middle East and Africa (MEA), and Asia Pacific (APAC). North America accounted for the significant share in the global dairy protein hydrolysate market in 2019. The growth of this regional market is attributed to growing demand across the United States and Canada. Increasing health awareness among people in this region coupled with shifting consumer preference towards nutritional products in order to maintain overall health and well-being is fostering the growth of the North American dairy protein hydrolysates market. High demand for energy bars and energy shakes across restaurants as well as homes in order to promote fat loss and weight management is further contributing to the growth of dairy protein hydrolysate market in North America. In Europe, dairy protein hydrolysate market is also witnessing a considerable growth rate during the forecast timeframe on account of increasing demand for infant formula products. As the awareness regarding nutritional requirement for infants among parents is increasing, high purchasing power in European countries is supplementing the growth of this regional market.
Asia Pacific, however, is projected to experience a significant compound annual growth rate (CAGR) during the forecast period. Growing female working population in APAC countries like China, India, and Australia has boosted the sales of infant formula in the region since it is used as an alternative to human breast milk. Since dairy protein hydrolysates support the growth and development of infants, this rise in the demand for infant formula is stinulating the overall regional market growth. Another factor that is fueling the market growth of dairy protein hydrolysate in Asia Pacific region is the growing animal feed sector on account of increasing investments, both public and private, and growing global meat and poultry consumption. The demand for dairy protein hydrolysates across the animal feed sector is growing at a significant rate for enhancing feed quality and improve performance.
Market Players and Competitive Intelligence
Prominent key market players in the global Dairy protein hydrolysate market include AMCO Proteins, Milk Specialties Global, Agropur, Inc., Glanbia Nutritionals, Inc., Hilmar Cheese Company, Kerry Inc, Titan Biotech, Carbery Group, Arla Foods Ingredients Group P/S, LACTALIS Ingredients, Ingredia, and Armor Proteines. These companies hold a noteworthy share in the market on account of their good brand image and product offerings. Major players in the global Dairy protein hydrolysate market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last two years.