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Asia-Pacific Whey Protein Market is segmented by Type (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein), Application (Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food), and Geography.
2016 - 2026
The Asia-Pacific whey protein market is forecasted to reach USD 1.57 billion by 2025, witnessing a CAGR of 9.2% during the forecast period (2020 - 2025).
Whey protein in the Asia-Pacific region is majorly available in these forms: whey protein concentrate, whey protein isolate and hydrolyzed whey protein. It can be utilized in the form of sports and performance nutrition, infant formula and functional foods. The market is segmented by type, which is classified as Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein,. On the basis of application, which is segmented into Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food. and Geography.
|Whey Protein Concentrate (WPC)|
|Whey Protein Isolate (WPI)|
|Hydrolyzed Whey Protein (HWP)|
|Sports and Performance Nutrition|
|Functional/ Fortified Food|
|Rest of Asia-Pacific|
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The population in the Asia-Pacific region has emerged in terms of fitness and health routines. As a result, there is a huge number of fitness and health centers being incorporated in developing nations like South Korea, China, and India. Since the huge number of people are opting for healthy lifestyles and better nutrition options, whey protein intake among the consumers in the region is expected to grow. Whey Protein Concentrate is the highest form of whey protein consumed in the region. Notably, South Korea held the highest number of fitness and health centers in the whole Asia-Pacific region followed by Japan and India.
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India is one of the fastest developing nations globally. The food sector in the country had grown 3 fold during the past decade and is expected to follow the same trend over the coming years. Functional food and beverages have gained immense popularity among the western-influenced and health-conscious Indian population. In particular, those containing Whey protein have gained importance owing to its health benefits. Health care products containing whey proteins also witnessed a spike in the region with a higher demand for these products in the country.
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Carbery Group, Informa Markets, Fonterra Co-Operative Group Limited, Saputo Ingredients, Agropur MSI, LLC, American Dairy Products Institute, Meggle Group, DMK Group, Arla Foods, and Lactalis Ingredients are some of the major companies engaged in delivering whey protein ingredients in Asia-Pacific region. Since the region is influenced by the western lifestyle and more and more companies are coming up to provide whey ingredients to be used as sports nutrition, functional foods, and infant formula. Product Innovation and Partnerships are key strategies opted by the companies to achieve competitive advantage.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Whey Protein Concentrate (WPC)
5.1.2 Whey Protein Isolate (WPI)
5.1.3 Hydrolyzed Whey Protein (HWP)
5.2.1 Sports and Performance Nutrition
5.2.2 Infant Formula
5.2.3 Functional/ Fortified Food
5.3.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Agropur MSI, LLC
6.4.2 Arla Foods
6.4.3 Carbery Group
6.4.4 Lactalis Ingredients
6.4.5 Fonterra Co-operative Group
6.4.6 Meggle Group
6.4.7 Glanbia Nutritionals (NA), Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability