Whey Protein Market: By Product Type, By Application, and Geography

Whey Protein Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Isolates, Concentrates, Hydrolysate, Others), By Application (Nutritional Supplements, Personal Care, Food & Beverages, Animal Feed and pet Food, Others), and Region

Whey Protein Market size was valued at US$ 9,253.9 million in 2022 and grow at a CAGR of 9.7 % from 2023-2029. The drivers which boost the market include rate of active lifestyle adoption and balanced consumption of food, Whey protein ingredients are rich in protein and have high nutritional value, and increased health consciousness. High costs of manufacturing, fluctuations in raw material prices and health-related problems act as restrain towards the global market. Rising incidences of chronic illnesses provide multiple opportunities of the market. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global whey protein market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global whey protein market.

Whey Protein Market Key Developments:
  • In September 2019, Volac International Limited sold its stake in DV Nutrition to DMK Group. DV Nutrition was a producer of whey protein and lactose-based ingredients.

Global Whey Protein Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

9.7%

Largest Market

North America

Fastest Growing Market

Europe

Whey Protein Market Dynamics

It is noticed that the global whey protein market has a significant market growth rate on perspective of rising demand for sports nutrition. Sports nutrition is a broad interdisciplinary field that focuses on the science behind and application of proper nutrition during exercise. The areas of interest are: body's use of nutrients during athletic competition; the need, if any, for nutritional supplements among athletes; and the role of proper nutrition and dietary supplements in enhancing an athlete's performance. The psychological dimension of sports nutrition is concerned with eating disorders and other psychiatric conditions related to nutrition among athletes.

Global Whey Protein Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2022

US$ 9,253.9 million

Market CAGR

9.7%

By Product Type

  • Isolates
  • Concentrates
  • Hydrolysate
  • Others

By Application

  • Nutritional Supplements
  • Personal Care
  • Food & Beverages
  • Animal Feed & Pet Food
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The whey protein market size was valued at US$ 9,253.9 million in 2022

The whey protein market key players are: Arla Foods Agropur Inc. Hilmar Cheese Company, Inc. Glanbia Plc Kerry Group Plc Milk Specialties Global Leprino Foods Company Carbery Grande Cheese Company Lactalis Group

The whey protein market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The whey protein market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1. Executive Summary
2. Global Whey Protein Market Introduction
2.1. Global Whey Protein Market – Taxonomy
2.2. Global Whey Protein Market –Definitions
2.2.1. Product Type
2.2.2. Application
3. Global Whey Protein Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Whey Protein Market Dynamic Factors - Impact Analysis
3.6. Global Whey Protein Market – Competition Landscape
4. Global Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Whey Protein Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1. Isolates
5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3. Market Opportunity Analysis
5.2. Concentrates
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
5.3. Hydrolysate
5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.3.3. Market Opportunity Analysis
5.4. Others
5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.4.3. Market Opportunity Analysis
6. Global Whey Protein Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029
6.1. Nutritional Supplements
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Personal Care
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
6.3. Food & Beverages
6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.3.3. Market Opportunity Analysis
6.4. Animal Feed & Pet Food
6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.4.3. Market Opportunity Analysis
6.5. Others
6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.5.3. Market Opportunity Analysis
7. Global Whey Protein Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1. North America
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Europe
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Asia-Pacific
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Latin America
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Middle East and Africa
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Global Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029
8. North America Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
8.1.1. Isolates
8.1.2. Concentrates
8.1.3. Hydrolysate
8.1.4. Others
8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
8.2.1. Nutritional Supplements
8.2.2. Personal Care
8.2.3. Food & Beverages
8.2.4. Animal Feed & Pet Food
8.2.5. Others
8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
8.3.1. USA
8.3.2. Canada
8.4. North America Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
8.5. North America Whey Protein Market Dynamics – Trends
9. Europe Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Isolates
9.1.2. Concentrates
9.1.3. Hydrolysate
9.1.4. Others
9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
9.2.1. Nutritional Supplements
9.2.2. Personal Care
9.2.3. Food & Beverages
9.2.4. Animal Feed & Pet Food
9.2.5. Others
9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Spain
9.3.5. Italy
9.3.6. Russia
9.3.7. Poland
9.3.8. Rest of Europe
9.4. Europe Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
9.5. Europe Whey Protein Market Dynamics – Trends
10. Asia-Pacific Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Isolates
10.1.2. Concentrates
10.1.3. Hydrolysate
10.1.4. Others
10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
10.2.1. Nutritional Supplements
10.2.2. Personal Care
10.2.3. Food & Beverages
10.2.4. Animal Feed & Pet Food
10.2.5. Others
10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.3.1. Japan
10.3.2. China
10.3.3. India
10.3.4. ASEAN
10.3.5. Australia & New Zealand
10.3.6. Rest of Asia-Pacific
10.4. Asia-Pacific Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
10.5. Asia-Pacific Whey Protein Market Dynamics – Trends
11. Latin America Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Isolates
11.1.2. Concentrates
11.1.3. Hydrolysate
11.1.4. Others
11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
11.2.1. Nutritional Supplements
11.2.2. Personal Care
11.2.3. Food & Beverages
11.2.4. Animal Feed & Pet Food
11.2.5. Others
11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.3.1. Brazil
11.3.2. Mexico
11.3.3. Argentina
11.3.4. Rest of Latin America
11.4. Latin America Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
11.5. Latin America Whey Protein Market Dynamics – Trends
12. Middle East and Africa Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Isolates
12.1.2. Concentrates
12.1.3. Hydrolysate
12.1.4. Others
12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
12.2.1. Nutritional Supplements
12.2.2. Personal Care
12.2.3. Food & Beverages
12.2.4. Animal Feed & Pet Food
12.2.5. Others
12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.3.1. Gulf Cooperation Council (GCC) Countries
12.3.2. Israel
12.3.3. South Africa
12.3.4. Rest of MEA
12.4. MEA Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029
12.5. MEA Whey Protein Market Dynamics – Trends
13. Competition Landscape 
13.1. Strategic Dashboard of Top Market Players
13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
13.2.1. Arla Foods
13.2.2. Agropur Inc.
13.2.3. Hilmar Cheese Company, Inc.
13.2.4. Glanbia Plc
13.2.5. Kerry Group Plc
13.2.6. Milk Specialties Global
13.2.7. Leprino Foods Company
13.2.8. Carbery
13.2.9. Grande Cheese Company
13.2.10. Lactalis Group
14. Research Methodology
15. Key Assumptions and Acronyms

Key Market Players

  • Arla Foods
  • Agropur Inc.
  • Hilmar Cheese Company, Inc.
  • Glanbia Plc
  • Kerry Group Plc
  • Milk Specialties Global
  • Leprino Foods Company
  • Carbery
  • Grande Cheese Company
  • Lactalis Group

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