The global dairy protein hydrolysate market was valued at US$734.908 million in 2020 and is expected to grow at a CAGR of 5.32% over the forecast period to reach US$1,056.41 million in 2027.
Growing awareness among people regarding the consumption of nutritional products is significantly driving the demand for dairy protein hydrolysates globally. The rising prevalence of chronic diseases such as obesity and diabetes encourages people to focus on their lifestyle choices and dietary patterns. Consequently, there is an increasing demand for nutritional food and beverage products, prompting the growth of the global dairy protein hydrolysate market. The growing preference for infant formula among the working female population to feed their infants is another major factor stimulating the growth of the dairy protein hydrolysate market. Furthermore, due to the growing number of working female populations and time restraints, mothers often rely on infants and follow-up milk formulas for their babies' nutrition and growth development. This increased demand, in turn, is propelling the growth of the global dairy protein hydrolysate market.
The booming geriatric population across different countries will continue to drive 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 the aging 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 to maintain their market position while reaching out to a new customer base. With the 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, isolated for ready-to-mix powder products. The product has a clean water-like taste and helps deliver a pleasant taste and appearance. The product, thus, allows room for differentiation in the sports powder market, where taste is significant to consumers but is dominated by-products of those that are milky in both taste and appearance. The company has also launched Lacprodan HYDRO. Rebuild, a 100 percent hydrolyzed whey protein with a solid demonstration of significant improvements to muscle mass, strength, and mobility for resistance-trained older women in independent clinical trials.
The global dairy protein hydrolysate market has been classified based on product, form, technology, application, and geography. Based on the product, the market has been segmented as whey and casein. Based on form, the global dairy protein hydrolysate market has been segmented into powder and paste. By technology, the global dairy protein hydrolysate market has been bifurcated into 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, the Middle East and Africa (MEA), and Asia Pacific (APAC). North America accounted for a significant share of 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 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 to promote fat loss and weight management is further contributing to the growth of the dairy protein hydrolysate market in North America. In Europe, the 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 the nutritional requirements for infants among parents increases, high purchasing power in European countries is supplementing the growth of this regional market.
The Asia Pacific, however, is projected to experience a significant compound annual growth rate (CAGR) during the forecast period. The 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 stimulating the overall regional market growth. Another factor fueling the market growth of dairy protein hydrolysate in the Asia Pacific region is the growing animal feed sector on account of increasing investments, both private and public, and growing global meat and poultry consumption. The demand for dairy protein hydrolysates across the animal feed sector is growing significantly to enhance 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. The aforementioned enterprises hold a noteworthy share in the global market landscape owing to their innovative multiple strategic deployments, and good brand image. 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.
Key Developments in the Market:
Covid-19 had a significant impact on Global Dairy Protein Hydrolysate Market. The growing health and hygiene consciousness among the citizens amid the pandemic positively affected the food and nutrition market, particularly the protein and immune boosters segment. The increasing consumption of protein hydrolysate sportsmen and their use in infant milk formulas are adding impetus to market growth. Nevertheless, the surge in active cases, lockdown, social distancing measures, international travel restrictions, and global economic recession have resulted in reduced staffing, decreased productivity in the production facilities, and created a gap in the supply and demand chain slowing down the market growth.
|Market size value in 2020||US$734.908 million|
|Market size value in 2027||US$1,056.41 million|
|Growth Rate||CAGR of 5.32% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product, Form, Technology, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||AMCO Proteins, Milk Specialties Global, Agropur, Inc., Glanbia Nutritionals, Inc., Hilmar Cheese Company, Kerry Inc., Titan Biotech, Arla Foods Ingredients Group P/S, Ingredia, Armor Proteines|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What are the growth prospects for the dairy protein hydrolysate market?
A1. The global dairy protein hydrolysate market is expected to grow at a CAGR of 5.32% over the forecast period.
Q2. What will be the dairy protein hydrolysate market size by 2027?
A2. The dairy protein hydrolysate market is expected to reach a total market size of US$1,056.41 million by 2027.
Q3. What is the size of the global dairy protein hydrolysate market?
A3. Dairy Protein Hydrolysate Market was valued at US$734.908 million in 2020.
Q4. What factors are anticipated to drive the dairy protein hydrolysate market growth?
A4. Growing awareness among people regarding the consumption of nutritional products is significantly driving the demand for dairy protein hydrolysates globally.
Q5. Which region holds the largest market share in the dairy protein hydrolysate market?
A5. North America accounted for a significant share in the global dairy protein hydrolysate market owing to growing demand across the United States and Canada.
Milk Specialties Global
Glanbia Nutritionals, Inc.
Hilmar Cheese Company
Arla Foods Ingredients Group P/S
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