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Canada Milk Protein Market Size (2024 - 2029)

The Canada Milk Protein Market is experiencing growth, driven by increasing consumer demand for protein-rich products and supplements. The market's expansion is supported by the rising popularity of milk protein isolates, which cater to lactose-intolerant individuals, and the growing use of milk protein hydrolyzed in personal care and cosmetics. Additionally, the market benefits from trends towards health-conscious dietary choices, with milk protein being a key ingredient in functional foods, protein bars, and sports nutrition supplements. Innovative product launches further contribute to the market's growth trajectory.

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Market Size of Canada Milk Protein Industry

Canada Milk Protein Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 32.20 Million
Market Size (2029) USD 39.90 Million
CAGR (2024 - 2029) 4.38 %
Fastest Growing Market Supplements
Largest Market Animal Feed
Market Concentration High

Major Players

Canada Milk Protein Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Milk Protein Market Analysis

The Canada Milk Protein Market size is estimated at USD 32.20 million in 2024, and is expected to reach USD 39.90 million by 2029, growing at a CAGR of 4.38% during the forecast period (2024-2029).

  • 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 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
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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Canada Milk Protein Market Size Summary

The Canada milk protein market is experiencing notable growth, driven by increasing consumer demand for protein-rich products and supplements. Milk protein isolates are gaining popularity, particularly among lactose-intolerant consumers, due to their ease of use and higher protein content. The market is also witnessing a surge in the use of milk protein hydrolyzed, especially in personal care and cosmetics, which is expected to be the fastest-growing segment. The rising trend of gym memberships and the recommendation of protein intake by trainers are further propelling the demand for milk protein supplements. Additionally, the market is benefiting from the growing application of milk protein in various food products, such as functional foods, protein bars, and sports nutrition supplements, with companies like Saputo introducing innovative products to cater to health-conscious consumers.

The food and beverage industry, particularly the beverage and bakery sectors, is a significant driver of the milk protein market. Milk proteins, especially casein and whey, are increasingly used in low-acid beverages and a variety of food products due to their functional properties like solubility and heat stability. The demand for whey protein, in particular, is rising, with its application in infant formulas, dairy, meats, and sports nutrition foods. The market is highly fragmented, with major players like Farbest-Tallman Foods Corporation, Fonterra Co-operative Group Limited, Glanbia PLC, Kerry Group PLC, and Milk Specialties Global introducing innovative ingredients to meet the evolving needs of the industry. Recent product launches, such as Arla Foods Ingredients' alpha-lactalbumin-rich ingredient for low-protein infant formulas and Nutrilac ProteinBoost, highlight the ongoing innovation in the market.

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Canada Milk Protein Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand for Supplement Nutrition

      2. 1.1.2 Growing Casein Application in Processed Food Products

    2. 1.2 Market Restraints

      1. 1.2.1 Competition from Vegan/Plant-based Protein Powders

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. Market Segmentation

    1. 2.1 Form

      1. 2.1.1 Concentrates

      2. 2.1.2 Isolates

    2. 2.2 Product Type

      1. 2.2.1 Casein & Caseinates

      2. 2.2.2 Whey Proteins

    3. 2.3 End-User

      1. 2.3.1 Animal Feed

      2. 2.3.2 Food and Beverages

        1. 2.3.2.1 Bakery

        2. 2.3.2.2 Beverages

        3. 2.3.2.3 Breakfast Cereals

        4. 2.3.2.4 Condiments/Sauces

        5. 2.3.2.5 Dairy and Dairy Alternative Products

        6. 2.3.2.6 RTE/RTC Food Products

        7. 2.3.2.7 Snacks

      3. 2.3.3 Supplements

        1. 2.3.3.1 Baby Food and Infant Formula

        2. 2.3.3.2 Elderly Nutrition and Medical Nutrition

        3. 2.3.3.3 Sport/Performance Nutrition

Canada Milk Protein Market Size FAQs

The Canada Milk Protein Market size is expected to reach USD 32.20 million in 2024 and grow at a CAGR of 4.38% to reach USD 39.90 million by 2029.

In 2024, the Canada Milk Protein Market size is expected to reach USD 32.20 million.

Canada Milk Protein Market Report Snapshots

Canada Milk Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)