Dairy Protein Market Demand is Expected to Reach $15.3 billion by 2027

 According to a new report published by Allied Market Research, titled, “Dairy Protein Market by Type, by application and by form: Opportunity Analysis and Industry Forecast, 2021–2027,” The global dairy protein market size was $9.9 billion in 2019, and is anticipated to reach $15.3 billion by 2027, with a CAGR of 4.6% during the forecast period. The dairy protein market is expected to exhibit an incremental revenue opportunity of $5.4 billion from 2019 to 2027. Dairy protein such as whey protein, casein & derivatives and milk protein concentrates are widely consumed across industries such as food & beverages, nutrition, feed, personal care, cosmetics, and textiles. Their multipurpose nature and functionalities such as thickening, binding, gelling, and texturizing have led to their wide adoption in these application industries.

The dairy protein market growth is propelled by the growing demand for nutritional food in the market. Due to rise in awareness about health and nutritional food products, people are ultimately shifting toward healthy diets and increasing their protein intake, by using protein supplements, thereby fueling the market growth for dairy protein. Busy lifestyle and increasing women participation in the labor force have contributed to their focus toward nutritional supplements for their babies, which is offered by infant formula. Dairy protein are one of the major components of infant formula, which is likely to drive the demand for dairy protein in the future. Protein supplements and protein-based food products are still in nascent stages in various regions of Africa such as Zimbabwe, Liberia, Eritea, and Burundi and various other developing regions. These are still untapped, which present a great opportunity for manufacturers of dairy protein.

Read More: https://www.alliedmarketresearch.com/press-release/dairy-protein-market.html 

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