|Study Period:||2016 - 2026|
|Fastest Growing Market:||Asia Pacific|
Need a report that reflects how COVID-19 has impacted this market and its growth?
The global whey protein market is projected to grow at a CAGR of 7.13% during the forecast period (2021-2026).
The consumption of the protein-rich diet increased during the COVID-19 pandemic, as consumers started to consume more of those food and beverage, which had high nutritional claims, so as to keep their overall health in check. Therefore, this factor derived the revenue for global whey protein ingredients in the global market during the COVID-19 pandemic.
The key factors that drive the growth of the whey protein market in the region are rising demand for dairy ingredients, consumer awareness towards a healthy diet, rising trend of the health club and fitness centre, an increasing percentage of elder age people across the globe and keen interest of youngsters towards sports and nutrition.
Flavours, nutritional values, ease of carrying and perishable nature are making whey snacks a popular choice amongst not only health-conscious people but millennials who are looking for quick snack option to full meals, and older people looking for protein reach diet.
Scope of the Report
Whey protein is one of the primary proteins found in dairy products. A byproduct of the cheese-making process, whey protein provides substantial amounts of the essential amino acids that are needed to carry out the functions that proteins perform in the body. The scope of the global whey protein market includes the segmentation of whey protein on the basis of type such that Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein. Further segmentation has been done on the basis of applications such that Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food. By geography, the market is segmented into North America, Europe, South America, Asia-Pacific, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
|Whey Protein Concentrate|
|Whey Protein Isolate|
|Hydrolyzed Whey Protein|
|Sports and Performance Nutrition|
Key Market Trends
Growing Demand for Performance Nutrition and Beverages
Growing demand from the health, performance and sports industry has led to significant growth of the whey protein-based product market. At the same time, food-processing industries are using whey protein for the manufacturing of health drinks. In Asian countries, the growing middle-class population and economic growth have led to an increase in the consumption rate of health drinks. Awareness among the mass to be fit and remain in shape, along with enhancing the body immunity, has lead to significant growth in demand for whey protein in urban areas. This increase in the number of muscle and fitness enthusiasts has prompted a growing consumer demand for protein sports beverages, specialized nutritional drinks, nutritional snack bars, and other products, which are designed to optimize athletic performance.
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Asia-Pacific is the Fastest Growing Regions
By size of the global whey protein market, North America and Europe account for the highest share of the global region. The key drivers of the market are the performance diet of non-athletes and increased demand for performance nutrition and beverages. However, the undefined regulatory guidelines, health/safety concerns when use is not regulated, and the competition from plant proteins act as restraints to the growth of the market studied. Besides that, Asia-Pacific is considered to be the fastest-growing region for the whey protein market owing to the awareness of fitness and protein-intake in the body.
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Developed markets, in particular Western Europe, along with the United States and Canada, have witnessed a paradigm shift in terms of consumption patterns of whey protein among consumers. The market is dominated by players, such as Arla Foods, Glanbia Nutritionals, Lactatis Ingredients, Fonterra Group, Agropur, and Friesland Campina. Other prominent players in the market include Murray Goulburn, DMK Group, Carbery and Hilmar Cheese Company, amongst others. Owing to the rising penetration of whey protein into the sports nutrition industry, the major companies are focusing on new and innovative product launches.
February 2018, Glanbia launched BevEdge™ Whey Protein A-220W, a new whey protein isolate for clear citrus/berry protein powder drinks.
December 2017, DMK Group and Arla Foods signed a third-party manufacturing contract, wherein DMK agreed to produce 35,000 tons of mozzarella cheese for Arla per year at its Nordhackstedt site in northern Germany.
November 2017, FrieslandCampina launched their latest innovation in whey protein hydrolysates viz., ‘Nutri Whey Hydro’ at Fi Europe.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porters Five Force 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
5.1.2 Whey Protein Isolate
5.1.3 Hydrolyzed Whey Protein
5.2.1 Sports and Performance Nutrition
5.2.2 Infant Formula
5.2.3 Functional/Fortified Food
5.3.1 North America
188.8.131.52 United States
184.108.40.206 Rest of North America
220.127.116.11 United Kingdom
18.104.22.168 Rest of Europe
5.3.3 Asia Pacific
22.214.171.124 Rest of Asia-Pacific
5.3.4 South America
126.96.36.199 Rest of South America
5.3.5 Middle East and Africa
188.8.131.52 United Arab Emirartes
184.108.40.206 South Africa
220.127.116.11 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Share Analysis
6.2 Most Active Companies
6.3 Most Strategies Adopted
6.4 Company Profiles
6.4.1 Agropur MSI, LLC
6.4.2 Arla Foods
6.4.3 Carbery Group Ltd.
6.4.5 Glanbia Nutritionals PLC
6.4.6 Fonterra Group
6.4.7 Hilmar Cheese Company
6.4.8 Lactatis Ingredients
6.4.9 Saputo Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. THE IMPACT OF COVID-19 ON THE MARKET
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Frequently Asked Questions
What is the study period of this market?
The Whey Protein Market market is studied from 2016 - 2026.
What is the growth rate of Whey Protein Market?
The Whey Protein Market is growing at a CAGR of 7.13% over the next 5 years.
Which region has highest growth rate in Whey Protein Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Whey Protein Market?
Europe holds highest share in 2020.
Who are the key players in Whey Protein Market?
Agropur MSI, LLC, Arla Foods, Carbery Group Ltd., FrieslandCampina, Glanbia Nutritionals (NA), Inc. are the major companies operating in Whey Protein Market.