Canada Milk Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.94 % |
| Fastest Growing Market | Supplements |
| Largest Market | Animal Feed |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Canada Milk Protein Market Analysis
The Canada milk protein market size is expected to grow from USD 31.3 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 3.94% during the forecast period.
- In the milk protein market, milk protein isolates are gaining a lot of attention, as milk protein isolates are suitable for lactose-intolerant consumers and available at higher costs. The ease of use offered by powdered supplements contributes to the segment's growth. Consumers' reliance on supplements to satiate their protein needs also drives growth.
- Milk protein hydrolyzed is projected to be the fastest-growing milk protein type. Its increasing application in personal care and cosmetics is anticipated to drive the segment. The rising gym membership rates and a rising number of trainers recommending protein intake are projected to propel the growth of supplements during the forecast period.
- Additionally, demand for milk protein may rise as a result of population growth or an increase in the percentage of people who need more protein. Further, the demand for milk protein has increased as a result of its use in a variety of food products, such as functional foods, protein bars, and sports nutrition supplements. Moreover, companies are launching innovative products using milk protein as a key ingredient.
- For instance, Saputo announced the launch of the Joyya brand of ultra-filtered milk in Canada, claiming that milk in the range contains approximately 75% more protein and 25% less sugar than regular milk. Hence, trends in dietary preferences in favor of more protein- and health-conscious food choices, including milk protein products, drive the market.
Canada Milk Protein Market Trends
Increasing Demand for Supplement Nutrition, Processed Food and Beverages.
- There is an increase in demand for the supplement industry. This can be attributed to the high demand recorded by the supplement industry, especially in sports nutrition. The growing demand for milk protein in baby food and infant formula is also influencing the market growth. Due to their ability to deliver both whey proteins and casein, milk proteins remain a smart choice for bodybuilders. Additionally, their unaltered protein composition makes them the most natural protein type available in the market. This further boosts their popularity among consumers seeking the least processed ingredients in their purchase.
- Alternatively, the food and beverage industry was majorly driven by the beverage and bakery sectors. Milk proteins are gaining popularity in low-acid beverages due to their attributes offering greater solubility and heat stability. For example, the casein ingredients have wide applications in coffee/tea whiteners, whipping powders, and imitation milk. Milk contains casein protein that provides milk its white color.
- For instance, according to the UN Comtrade, the import value of casein in Canada accounted for USD 17.220 million in 2022. Thus, the increasing application of casein in food and beverages is further driving the market forward.
Whey Protein Holds the Significant Market Share in Milk Protein Market
- Whey proteins, due to their wide application in the food industry, hold a significant market share in the milk protein market. According to the International Journal of Health Sciences and Research articles, they stated that whey protein consists of various functional properties such as solubility, water binding, emulsification, gelation, flavor binding, foaming, etc. Thus, whey and whey components are considered value-added ingredients in many foods, including infant formulas, dairy, meats, sports nutrition foods, confections, bakery, beverages, snack foods, and other food products.
- For example, according to the UN Comtrade data, the import value of whey protein in Canada accounted for USD 87.828 million, which is a significant increase from when compared to the 2021 import value, which accounted for USD 60.473 million. The significant import value indicates the increasing demand for whey protein in the milk protein market.
- For instance, In 2021, Arla Foods Ingredients introduced a new whey protein ingredient to help meet the demand for high-protein yogurts. Nutrilac FO-7875 allows manufacturers to develop yogurts (both spoonable and drinkable) with higher protein content. Hence driving the milk protein market in the country.
Canada Milk Protein Industry Overview
The Canada milk protein market is highly fragmented. The major foreign players in the market are Farbest-Tallman Foods Corporation, Fonterra Co-operative Group Limited, Glanbia PLC, Kerry Group PLC, and Milk Specialties Global (sorted alphabetically). Further, the companies have been introducing new and innovative ingredients using milk proteins so as to make their product unique from the existing products. Owing to the rapidly developing nature of the market, new product innovation has become the most commonly used strategy among all, as it helps in understanding the changing needs of the various application industries in the market. Therefore, companies are focusing on offering milk proteins for various application industries.
Canada Milk Protein Market Leaders
Farbest-Tallman Foods Corporation
Fonterra Co-operative Group Limited
Glanbia PLC
Kerry Group PLC
Milk Specialties Global
*Disclaimer: Major Players sorted in no particular order
Canada Milk Protein Market News
- June 2023: Arla Foods Ingredients introduced a groundbreaking, alpha-lactalbumin-rich ingredient tailored specifically for low-protein infant formulas.
- April 2023: The Denmark-based company Arla Foods Ingredients unveiled their innovative line of whey proteins, leveraging patented microparticulate technology under the brand name Nutrilac ProteinBoost. The company maintains a robust presence in Canada, encompassing operational facilities and extensive distribution networks.
- November 2021: Lactalis Ingredients made waves with the launch of innovative high-protein product concepts utilizing Pronativ Native Micellar Casein and Pronativ Native Whey Protein. These concepts encompass a diverse range of high-protein offerings, including shakes and pudding. Furthermore, the company maintains a dedicated website catering to the Canadian market.
Canada Milk Protein Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Increasing Demand for Supplement Nutrition
4.1.2 Growing Casein Application in Processed Food Products
4.2 Market Restraints
4.2.1 Competition from Vegan/Plant-based Protein Powders
4.3 Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. Market Segmentation
5.1 Form
5.1.1 Concentrates
5.1.2 Isolates
5.2 Product Type
5.2.1 Casein & Caseinates
5.2.2 Whey Proteins
5.3 End-User
5.3.1 Animal Feed
5.3.2 Food and Beverages
5.3.2.1 Bakery
5.3.2.2 Beverages
5.3.2.3 Breakfast Cereals
5.3.2.4 Condiments/Sauces
5.3.2.5 Dairy and Dairy Alternative Products
5.3.2.6 RTE/RTC Food Products
5.3.2.7 Snacks
5.3.3 Supplements
5.3.3.1 Baby Food and Infant Formula
5.3.3.2 Elderly Nutrition and Medical Nutrition
5.3.3.3 Sport/Performance Nutrition
6. Competitive Landscape
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Brenntag SE
6.3.2 Farbest-Tallman Foods Corporation
6.3.3 Fonterra Co-operative Group Limited
6.3.4 Glanbia PLC
6.3.5 Groupe Lactalis
6.3.6 Hoogwegt Group
6.3.7 Kerry Group PLC
6.3.8 Lactoprot Deutschland GmbH
6.3.9 Milk Specialties Global
6.3.10 Arla Foods Ingredients
6.3.11 Lactalis Ingredients
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Canada Milk Protein Industry Segmentation
Milk protein is defined as protein extracted from milk. Milk mainly comprises casein and whey as proteins.
The Canada milk protein market is segmented into form and end-user. Based on form, the market is segmented into concentrates and isolates. End-user is segmented into animal feed, food and beverages, and supplements. Based on food and beverages, the market is further segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, RTE/RTC food products, and snacks. Based on supplements, the market is further segmented into baby food and infant formula, elderly nutrition and medical nutrition, and sport/performance nutrition.
For each segment, the report offers the market size in value terms in USD and in volume terms in tons for all the abovementioned segments.
| Form | |
| Concentrates | |
| Isolates |
| Product Type | |
| Casein & Caseinates | |
| Whey Proteins |
| End-User | |||||||||
| Animal Feed | |||||||||
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Canada Milk Protein Market Research FAQs
What is the current Canada Milk Protein Market size?
The Canada Milk Protein Market is projected to register a CAGR of 3.94% during the forecast period (2024-2029)
Who are the key players in Canada Milk Protein Market?
Farbest-Tallman Foods Corporation, Fonterra Co-operative Group Limited, Glanbia PLC, Kerry Group PLC and Milk Specialties Global are the major companies operating in the Canada Milk Protein Market.
Which is the fastest growing region in Canada Milk Protein Market?
Supplements is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Canada Milk Protein Market?
In 2024, the Animal Feed accounts for the largest market share in Canada Milk Protein Market.
What years does this Canada Milk Protein Market cover?
The report covers the Canada Milk Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Milk Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Milk Protein Industry Report
Statistics for the 2024 Canada Milk Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Milk Protein analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
