Market Size of Asia-Pacific Dairy Protein Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Dairy Protein Market Analysis
The Asia Pacific dairy protein market is projected to register a CAGR of 5.2%, during the forecast period.
- The market is majorly driven by the increasing health care awareness and consumer's preference toward nutritional and healthy diets in recent times. In addition, consumer perception of the high nutritional content of infant formula due to the health consciousness of their children drive the growth for infant formula consumption made from dairy proteins. Organizations such as FDA and dairy ingredient manufacturers are in R&D activities to enhance the properties such as flavor, aroma, and performance of dairy protein ingredients. This is anticipated to provide opportunities for manufacturers to offer an improved variety of dairy protein ingredients in the market to achieve a higher share.
- However, the rising adoption of veganism and high incidences of lactose intolerance are hampering the growth of the market. Additionally, fluctuations in raw material prices are a major challenge faced by the market players.
