Whey Protein Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Global Whey Protein Market : By Type (Whey Protein Concentrate, Hydrolysed Whey Protein, Whey Protein Isolate), By Application (Confectionary and Bakery, Nutraceuticals, Dairy Products, Instant Formula, Dietary Supplements) and Geography

 

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Report

Description

The global whey protein market size was estimated at USD 8.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% from 2021 to 2027. Whey protein is globular proteins mixture that is isolated from whey, which is the liquid by-product obtained from cheese production. Whey protein is used as dietary supplement and is attributed as alternative medicines for many health issues. Whey is the leftover product obtained by milk coagulation during cheese production, which consists of all substances soluble from milk after the pH 4.6. Whey is a 5% solution of lactose in water along with lactalbumin and minerals. Global whey protein market is expected to gain traction due to its wide range of benefits like diet supplement, anti-cancer capacity, fat loss, immune booster, stress reducer. Owing to the high scope of benefits, U.S. FDA has regulated the usage of whey protein to 2g per day. Because of its extensive availability, high amino profile, and easy digestion, the product is favoured by manufacturers of sports nutritional products. As a result, producers should expect profitable prospects in the next years as demand for sports nutritional supplements grows. Because it can substitute high fat and expensive components like milk, butter, and cream cheese while preserving the same flavour, texture, and look as the original formulations, food and beverage firms in the United States are including functional whey protein in their packaged meals. Whey protein market is expected to expand at robust CAGR due to consumer inclination towards fitness and increase in health clubs, fitness and health awareness campaigns etc.

Whey Protein Market

MARKET SUMMARY
-
9.9%
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 9.9%
  • Largest Market– North America
  • Fastest Growing Market– Europe

Whey Protein Market

  • Comprehensive outlook on whey protein market across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global market gives historical, current, and future market sizes (US$ Bn) on the basis of type, application and region.
Market Key Players
  • Cargill Incorporation (U.S)
  • Arla Foods (Denmark)
  • Hilmar Cheese Company (U.S)
  • Carbery food ingredients (Ireland)
  • Fonterra Co-Operative Group Ltd (New Zealand)
  • Glanbia plc (Ireland)
  • Agropur (Canada)
Growth

Whey Protein Market

The tremendous change in lifestyles, raising awareness of health, a surge in consumption of sports nutrition products, bakery and confectionery products is witnessed to expand the growth of global whey protein market. Furthermore, the rise in demand for dairy products, growing concerns regarding fitness among consumers, increase in the market for pediatric foods are expected to boost the growth of global market. Additionally, growing trends of ready to drink and ready to cook foods, demand for geriatric dietary supplements, and rise in awareness of personal care, beauty consciousness, and bodybuilding are expected to propel the growth of whey protein market. On the other hand, high manufacturing costs and a high price of whey protein, the stringent regulatory framework for the marketing of whey proteins and lack of awareness regarding the benefits of whey protein are restraining of the whey protein market.


North-America Got Significant Share

Whey Protein Market

Global Whey Protein Market is segmented as Latin America, North America, Asia-Pacific, The Middle East & Africa and Europe. North America whey protein market is accounted for largest revenue share in the market owing to rise in production of whey protein, increase in awareness of health concerns among the consumers and inclination towards the protein diet intake. Moreover, rapid growth in healthcare industries and growing health and fitness consciousness among people are vital driving forces of whey protein market in European countries. Furthermore, rise in per capita income, increase in awareness regarding protein-rich diet, an adaptation of nutritious dietary intake among the consumers, rise in inclination towards health and fitness activities and diet are the factors which are expected to propel the growth in Asia Pacific, especially in India, China, New Zealand, Korea and Australia.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Notable Market Developments

  • In Feb 2017, Fonterra’s dairy ingredients business introduced new whey protein ingredient for sports nutrition.
  • In January 2015, Davisco, Agropur Inc., business unit, increased production extension and capacity of Biozate product line, their hydrolyzed whey proteins products.

Key

Key Features of the Report

Whey Protein Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Cargill Incorporation (U.S)
  • Arla Foods (Denmark)
  • Hilmar Cheese Company (U.S)
  • Carbery food ingredients (Ireland)
  • Fonterra Co-Operative Group Ltd (New Zealand)
  • Glanbia plc (Ireland)
  • Agropur (Canada)
  • Dairy Farmers of America (U.S)
  • Milk Specialities Global (U.S.)
  • Maple Island Incorporation (U.S).

Description

The global whey protein market size was estimated at USD 8.8 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 9.9% from 2021 to 2027. Whey protein is globular proteins mixture that is isolated from whey, which is the liquid by-product obtained from cheese production. Whey protein is used as dietary supplement and is attributed as alternative medicines for many health issues. Whey is the leftover product obtained by milk coagulation during cheese production, which consists of all substances soluble from milk after the pH 4.6. Whey is a 5% solution of lactose in water along with lactalbumin and minerals. Global whey protein market is expected to gain traction due to its wide range of benefits like diet supplement, anti-cancer capacity, fat loss, immune booster, stress reducer. Owing to the high scope of benefits, U.S. FDA has regulated the usage of whey protein to 2g per day. Because of its extensive availability, high amino profile, and easy digestion, the product is favoured by manufacturers of sports nutritional products. As a result, producers should expect profitable prospects in the next years as demand for sports nutritional supplements grows. Because it can substitute high fat and expensive components like milk, butter, and cream cheese while preserving the same flavour, texture, and look as the original formulations, food and beverage firms in the United States are including functional whey protein in their packaged meals. Whey protein market is expected to expand at robust CAGR due to consumer inclination towards fitness and increase in health clubs, fitness and health awareness campaigns etc.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX