India Whey Protein Market - Growth, Trends, and Forecast (2020 - 2025)

The Indian whey protein market is segmented by Product Type into Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein and by Application into Sports and Performance Nutrition, Infant Formula, and Functional/Fortified Food

Market Snapshot

Snap

Study Period:

2016-2024

Base Year:

2018

Major Players:

Largest Segment:

Whey Protein Concentrate

Fastest Growing Segment:

Functional/Fortified Food

CAGR (2019-2024):

11%

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Market Overview

The Indian whey protein market is expected to register a CAGR of 11%, during the forecasted period (2019 - 2024).

  • India is one of the fastest developing nations, globally. The food sector in the country has grown threefold during the past decade and is expected to follow the same trend over the next 10 years.
  • Functional food and beverages have gained immense popularity among the health-conscious Indian population.
  • In particular, products containing whey protein have gained importance due to the health benefits they offer. The demand for personal care products containing whey protein has also increased in the region. As the Indian youth are highly fitness conscious, the demand for whey protein powder among the bodybuilding groups is increasing.

 

Scope of the Report

The Indian whey protein market offers a range of product types, including whey protein concentrate, whey protein isolate, and hydrolyzed whey protein, applicable to sports and performance nutrition, infant formula, and functional/fortified food.

Product Type
Whey Protein Concentrate
Whey Protein Isolate
Hydrolyzed Whey Protein
Application
Sports and Performance Nutrition
Infant Formula
Functional/Fortified Food

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Key Market Trends

Whey Protein Concentrates Remain the Market Leader

Owing to the multi-functionalities associated with the whey protein concentrates, such as easily digestible, efficient processing, and economic applications have been few major factors augmenting the market growth in the country. Moreover, with the increased consumption of sports nutrition among Indian youth, the demand for WPCs have risen attributed to its wide application in the segment. In addition, whey protein offers a cost-effective alternative to formulate caramels with excellent processability and the good eating quality increasing the desirability of the ingredient.

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Rising Demand for Sports Nutrition

The younger generation in India is increasingly gaining interest in sports and fitness activities, which in turn, is booming the demand for sports nutrition. Further, sports drinks with incorporated whey protein have been gaining momentum in recent years.  The concept of sports drinks is relatively new to Indian consumers, but with the gradual increase in its awareness and availability, the sports drinks industry has witnessed a high growth rate, in terms of both value and volume, in the recent past.

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Competitive Landscape

The Indian whey protein market is highly fragmented due to the prevalence of a largely unorganized sector. Several small and international players are involved in the manufacturing and distribution of whey protein ingredients in the country. Some of the dominant players in the market are Glanbia PLC, Fonterra Co-operative Group, Arla Foods AMBA and Agropur US.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Whey Protein Concentrate

      2. 5.1.2 Whey Protein Isolate

      3. 5.1.3 Hydrolyzed Whey Protein

    2. 5.2 Application

      1. 5.2.1 Sports and Performance Nutrition

      2. 5.2.2 Infant Formula

      3. 5.2.3 Functional/Fortified Food

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Glanbia plc

      2. 6.4.2 Fonterra Co-operative Group

      3. 6.4.3 Arla Foods AMBA

      4. 6.4.4 Agropur US

      5. 6.4.5 Eurosrum

      6. 6.4.6 FrieslandCampina Ingredients

      7. 6.4.7 Hilmar Cheese Company, Inc.

      8. 6.4.8 Lactalis International

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

* List Not Exhaustive

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