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Europe 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 by Country.
Fastest Growing Market:
Europe's whey protein market is forecasted to reach USD 2.79 billion by 2024, witnessing a CAGR of 6.5% during the forecast period (2020 - 2025).
The scope of the whey protein market includes the segmentation of whey protein by Type under Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein. Further segmentation has been done on the basis of Application under Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food. Also, the study provides an analysis of the whey protein market in the emerging and established markets across European countries, including United Kingdom, Spain, Germany, France, Italy, Russia, and the Rest of European countries.
|Whey Protein Concentrate (WPC)|
|Whey Protein Isolate (WPI)|
|Hydrolyzed Whey Protein (HWP)|
|Sports and Performance Nutrition|
|Functional/ Fortified Food|
|Rest of Europe|
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The production of whey protein powder has been surging in the region in the past few years and is expected to continue in the same way in the forecast period. The demand for dairy alternatives has increased among the lactose intolerant adults in the European region. Also, the expanding food industry in the country experienced a demand for high-quality protein ingredients from consumers, in turn, driving the market for whey protein in the region. Following the driving trends, the production of whey powder is expected to cross 2 million tons in the European Union in the forecast period.
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Europe has shown great potential as a market for whey protein as countries like Germany, followed by France, and Spain has been key drivers of the market in terms of share and growth as well. In the UK, the growing importance of fitness and clinical nutrition is expected to provide a significant boost to the whey protein market. The geriatric population in Europe, health-conscious consumers, and an increasing number of health & fitness clubs/centers facilitate the growth of the whey protein market in Europe. Notably, the German market recorded the highest growth rate compared to other countries and is expected to cross USD 300 million in the forecast period.
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The key players in Europe whey protein market with their product portfolio; research & development, strategic initiatives and commitment towards meeting consumer demands play a major role in maintaining market stability. Moreover, the whey protein companies are effectively communicating about the nutritional profile of whey protein in order to boost their sales sustainably. The major players include Agropur MSI LLC, Arla Foods, Carbery Group, DMK group, Glanbia Plc, Lactalis Ingredients, and others.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
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 By Type
5.1.1 Whey Protein Concentrate (WPC)
5.1.2 Whey Protein Isolate (WPI)
5.1.3 Hydrolyzed Whey Protein (HWP)
5.2 By Application
5.2.1 Sports and Performance Nutrition
5.2.2 Infant Formula
5.2.3 Functional/ Fortified Food
5.3 By Country
5.3.2 United Kingdom
5.3.7 Rest of Europe
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 Carbery Group
6.4.3 DMK Group
6.4.4 Glanbia Plc
6.4.5 Lactalis Ingredients
6.4.6 Meggle Group
6.4.7 Fonterra Co-operative Group
6.4.8 Arla Foods
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability