The alpha-lactalbumin market was expected to be worth close to 610 million US dollars in 2022. The need for alpha-lactalbumin is rising as infant feeding formula and healthful beverages become more popular. By 2033, it’s expected to have generated US$ 1,316 million, with a CAGR of 7.7% from 2023 to 2033.
The baby formula industry’s rising demand for alpha-lactalbumin has led to significant increase in the market for this protein over the past few years, and this trend is expected to keep going over the course of the next ten years. Alpha-lactalbumin demand is anticipated to have profitable development throughout the projection period because to its better nutritious content, which closely mirrors breast milk ingredients. The market expansion is predicted to be complemented by alpha-lactalbumin, a compound rich in amino acids that support maintaining as well as optimizing levels of protein for newborns.
The Asia Pacific baby formula market is anticipated to grow over the course of the forecast period as a result of increasing birth rates in India and China. Alpha-lactalbumin’s expanding range of applications in nutritious meals and nutritional supplements is also anticipated to support market expansion throughout the forecasted period. Infant formula contains alpha-lactalbumin, which must be listed on the product label in accordance with regulations. Dairy products became the market’s largest end-use industry for alpha-lactalbumin in 2022 due to its rising use in newborn formula. Infants receive enormous nutritional advantages from alpha-lactalbumin, which is the main driver driving the market for this end-use category.
In 2022, North America as well as Europe were the two biggest markets for alpha-lactalbumin, followed by Asia Pacific. In the coming years, the Asia Pacific region is anticipated to continue to have the largest market due to rising birth rates in China and India. The high demand from the baby formula market in these areas is likely to lead to considerable growth in North America as well as Europe during the forecast period.
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Key Takeaways from the Market Study
- The alpha-lactalbumin market was predicted to reach a market value of US$ 610 million in 2022.
- The alpha-lactalbumin market expanded with a 7.3% CAGR from 2018 to 2022.
- The dairy industry held a 56% market share of the worldwide alpha-lactalbumin market in 2022.
- Alpha-lactalbumin was predicted to account for a share of the market of 26.4% in the United States in 2022.
- From 2023 to 2033, the Chinese alpha-lactalbumin market is anticipated to grow at a 12.8% CAGR.
- Alpha-lactalbumin sales are anticipated to increase in India at a 6.8% CAGR during the ten-year projection period.
“Alpha-lactalbumin has superior nutrients that nearly mimic those found in breast milk, and this is what is driving the food and beverage sector’s need for these formulations,” remarks an FMI analyst.
Competitive Landscape
Major players in the global industry are increasingly focusing on acquisitions and mergers in order to broaden the breadth of their product offerings. Several additional companies want to develop new products and expand their manufacturing capacities in order to fulfill the world’s increasing demand for alpha-lactalbumin.
Prominent players in the alpha-lactalbumin market areAgropur Cooperative, Arla Foods Ingredients, Nestlé S.A., Abcam plc, Hilmar Ingredients Inc., Fonterra Co-operative Group Limited.
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Some key developments of the leading companies in this market are:
- Arla Foods Ingredients will introduce an alpha-lactalbumin (alpha)-rich baby formula component in 2023 to assist address the increasing demand for low-protein formulas. Numerous studies have demonstrated that consuming a lot of protein during infancy speeds up weight gain and raises the chance of becoming obese later in life. The newest whey protein isolate from Arla Foods Ingredients, Lacprodan Alpha-50, offers a fresh approach to this problem. Smaller doses can be utilized to achieve a level akin to that of mother milk because alpha accounts for at least 90% of a product’s protein content.
Key Segments Profiled In the Alpha-lactalbumin Market
By End Users:
- Food & Beverage Industry
- Infant Formula
- Ice-cream Industry
- Dairy Products
- Pharmaceutical Industry
- Others (Nutraceutical Industry)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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