The global beta lactoglobulin protein market revenue was around US$ 22.88 million in 2022 and is estimated to reach US$ 40.32 million by 2031, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2031.
Beta-lactoglobulin protein is a globular protein that is found in the milk of different mammalian species, with cows being the main source. It belongs to the whey protein family and is one of the primary proteins present in bovine milk, comprising a substantial portion of the entire whey protein content. Beta-lactoglobulin is characterized by its superior nutritional value and functional properties. It is a complete protein, meaning it includes all the necessary amino acids needed by the human body.
Market Driving Factors
Shifting preferences of customers toward natural and sustainable ingredients drives market expansion. This is due to the ongoing focus that consumers have on their health and the sustainability of the environment. One such ingredient is beta-lactoglobulin, which comes from milk sources and greatly conforms to the evolving dietary and eating preferences of consumers.
Pharmaceutical and sports nutrition products use beta-lactoglobulin, a high-quality protein that contains necessary amino acids, as a nutritional supplement. In addition, the creation of protein-based goods has increased significantly in the sports and medicinal industries. Thus, this factor drives the market growth.
Beta-lactoglobulin is a known allergen, exposure to it may cause negative reactions in people who are allergic to milk. As a result, this element hampers the market.
Regional Analysis
Asia Pacific dominated the market in terms of the largest share and is estimated to continue its dominance over the projection period. This can be attributed to the continuous surge in the pharmaceutical industry owing to increased R&D activities and drug manufacturing along with the higher demand for dietary and nutraceutical supplements incorporated with ingredients like beta-lactoglobulin protein. Furthermore, some nations in the region, such as Thailand, India, and Indonesia, are among the top exporters of dairy products, including beta-lactoglobulin, which greatly drive the market across the region.
North America is predicted to emerge as the fastest fastest-growing region in the market. This is due to its increasing popularity and preferences for sustainable protein products and ongoing R&D efforts, which have led to the creation of new product formulations and applications. In addition, the extreme surge in the demand for specialized infant nutrition, which particularly uses beta-lactoglobulin as a major protein component is also boosting its market growth.
Segmentation Insights
Application Insight
The sports nutrition and dietary supplements segment dominates the market in terms of the largest share. This is primarily due to the surge in demand for dietary and sports nutrition supplements with higher amounts of sustainable and natural ingredients, including beta-lactoglobulin protein that helps muscle growth and promotes faster repair and recovery. Additionally, there is an increasing proliferation among athletes, fitness enthusiasts, and bodybuilders towards adopting products that improve their overall athletic performance and aid in muscle building, resulting in a high demand for beta-lactoglobulin protein.
The food & beverage processing segment is predicted to dominate the market in terms of the fastest growth rate during the forecast period. This is due to increasing demand for food & beverage products as a result of the exponential boost in the global population and the emergence of clean label trends facilitating people to opt for natural ingredients products.
Form Insight
The dry segment dominates the market in terms of the major share in terms of revenue. This is due to its several beneficial features over other forms, such as quick absorption, specialized formulations, longer shelf life, helping in muscle prevention, and high protein content. Moreover, dry protein powders are comparatively easy to transport, store, and use and can be mixed with milk and several other beverages for a quick and suitable protein boost.
The liquid segment is predicted to dominate the market in terms of the highest growth in the market. This is due to its increasing popularity as a convenient option for people with specific dietary or nutritional requirements and its increased importance among people who are looking to monitor their protein intake closely.
Distribution Channel Insight
The online channels segment is estimated to grow at a substantial growth rate. This is due to the ongoing growth of e-commerce and online shopping trends, as it provides greater comfort to customers and allows sellers and manufacturers to widen their market reach and tap into untapped and emerging markets. Furthermore, the segment is raised substantially due to its increasing penetration of faster internet facilities and the quick emergence of digitalization of payment methods globally leading to more suitable and hassle-free online shopping experiences.
Prominent Companies
Segmentation Outline
The global beta lactoglobulin protein market segmentation focuses on Application, Form, Distribution Channel, and Region.
By Application
By Form
By Distribution Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BETA LACTOGLOBULIN PROTEIN MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET, BY APPLICATION
5.1 OVERVIEW
5.2 SPORTS NUTRITION AND DIETARY SUPPLEMENTS
5.3 FOOD & BEVERAGE PROCESSING
5.4 MEDICAL AND PHARMACEUTICAL
5.5 INFANT FORMULA
5.6 OTHERS
6 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET, BY FORM
6.1 OVERVIEW
6.2 DRY
6.3 LIQUID
7 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET, BY DISTRIBUTION CHANNEL
7.1 OVERVIEW
7.2 HYPERMARKETS AND SUPERMARKETS
7.3 DRUGSTORES AND PHARMACIES
7.4 SPECIALTY STORES
7.5 ONLINE CHANNELS
7.6 OTHERS
8 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL BETA LACTOGLOBULIN PROTEIN MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 ALFA CHEMISTRY
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 AMCO PROTEINS
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 AMERICAN DAIRY PRODUCTS INSTITUTE
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 ARLA FOOD INGREDIENTS
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 BOC SCIENCES
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 FONTERRA
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 GLANBIA PERFORMANCE NUTRITION INC.
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 GNC HOLDINGS
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 MERCK KGAA
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 MUSCLEBLAZE
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 NUTRIMED HEALTHCARE PRIVATE LIMITED
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 SHANGHAI ALADDIN BIOCHEMICAL TECHNOLOGY CO. LTD
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.13 SIGMA-ALDRICH CORPORATION
10.13.1 OVERVIEW
10.13.2 FINANCIAL PERFORMANCE
10.13.3 PRODUCT OUTLOOK
10.13.4 KEY DEVELOPMENTS
10.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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