Whey Protein Market Report Scope & Overview:
The Whey Protein Market Size was esteemed at USD 8.97 billion out of 2022 and is supposed to arrive at USD 19.71 billion by 2030, and develop at a CAGR of 10.34% over the forecast period 2023-2030.
Whey proteins are gotten from whey during the cheddar creation and are known for working on athletic execution. They are a choice to drain for lactose narrow-minded individuals. Ascend in the utilization of whey protein fixings as practical food and dietary enhancements among buyers increment the interest for whey protein fixings. Expansion in extents of the millennial populace (individuals matured somewhere in the range of 20s and 30s) effectively taking part in relaxed sports and ordinary activities give more significance to upgraded protein Supplements. This component energizes the interest in nourishing beverages and enhancements.
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Besides, whey protein fixings are used in meat items attributable to their dissolvability, water-restricting and consistency, emulsification, attachment, gelation, and organoleptic qualities. Besides, whey protein concentrates are utilized to stick breadcrumbs or hitter to meat, and subsequently, rheological qualities of meat are held. Moreover, the dampness holding property of whey protein concentrate during meat handling additionally helps the Whey Protein Ingredients Market Growth.
The item is significantly liked by the makers of sports nourishing items inferable from its wide, areas of strength for accessibility profile, and simple edibility. Accordingly, the rising interest for sports wholesome enhancements is supposed to offer worthwhile open doors to the makers before very long.
Driving Factors:
An expansion in the extent of the millennial populace effectively taking part in relaxed sports and normal activities.
Dampness holding property of whey protein concentrate during meat handling.
Restraining Factors:
Rising interest in plant-based protein Supplements.
The high handling and assembling cost of the whey protein powder.
Opportunities:
Expansion in mindfulness among customers for protein solid eating routine.
Customary proposals by dieticians and specialists in light of a more extensive arrangement of clients' interests.
Challenges:
Wellbeing-related concerns.
Rigid administrative worries and required certificates for promoting whey protein.
The whey Protein Powder market is rapidly arriving at its pre-COVID levels and a solid development rate is normal over the figure period driven by the monetary restoration in a large portion of the non-industrial countries. Be that as it may, remarkable circumstances because of expected third and further waves are making a desolate viewpoint.
By Type:
WPCs are utilized in various applications remembering as the assembling of dairy sweets, refreshments, and yogurt items. Moreover, these concentrates are utilized as a wellspring of protein stronghold for baby food and healthful items. Whey Protein Hydrolysate (WPH) displays prebiotic, antimicrobial, cell reinforcement, and hypertensive properties. They are utilized to make newborn child nourishment, clinical sustenance, and sports nourishment items. Be that as it may, hydrolyzed whey proteins are more costly when contrasted with their partners; subsequently, a greater part of the whey supplement makers add a tiny amount of something similar to their equations. WPH is additionally utilized in the assembling of bread kitchen items, low-fat food items, protein-strengthened drinks, and dietetic food sources. Positive help from the administrative bodies including the U.S. Food and Drug Administration (FDA) for whey protein hydrolysate to be utilized in an assortment of food applications is probably going to drive the fragment development over the conjecture period.
By Application:
The food and drink application fragment drove the whey protein market. The item is liked for bread kitchen and dessert shop items because of its capacity to emulsify, brown, froth, and thicken items. These fixings likewise increment the solvency, wholesome stronghold, gelation, and water-restricting properties of a bread shop and ice cream parlor items. The market has seen different improvements in the refreshment space. In the individual consideration and corrective industry, it is used to deliver different items, for example, hair conditioners, wave sets, hair colors and varieties, shampoos, eye care, and face and body saturating items. Moving buyer inclination for home grown and normal fixing based premium individual consideration items is expected to speed up the interest for the item in the individual consideration and beauty care products application.
By Type:
Whey Protein Isolates
Whey Protein Concentrates
Whey Protein Concentrate 35
Whey Protein Concentrate 50
Whey Protein Concentrate 60-80
Whey Protein Hydrolysates
By Application:
Nutritional Supplements
Personal Care
Food & Beverages
Animal Feed & Pet Food
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North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Contingent upon the geographic districts, Global Whey Protein Powder Market is divided into seven key areas: North America, Latin America, West Europe, East Europe, the Asia Pacific barring Japan, Japan, and MEA. North America overwhelms the general market for whey protein powder and holds the greatest portion of the worldwide whey protein powder market. The U.S. is a significant market around here. Asia Pacific whey protein market is becoming quickly attributable to the developing wellbeing concerns and expansion in the extra cash. The Asia Pacific likewise holds an important piece of the pie of the worldwide whey protein powder market. The Europe whey protein powder market is supposed to develop at a typical rate inferable from the rising interest in food and refreshments in the district.
The key players operating in the Whey Protein Ingredients Market Analysis include- Arla Foods, Cargill Incorporation, Glanbia plc, Davisco Food International, Maple Island Incorporation, Hilmar Cheese Company, Fonterra Co-Operative Group Ltd, Carberry food ingredients, Dairy Farmers of America, and Milk Specialties Global.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 8.97 Billion |
| Market Size by 2030 | US$ 19.71 Billion |
| CAGR | CAGR 13.4% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Type (Whey Protein Isolates, Whey Protein Concentrates, Whey Protein Hydrolysates) • by Application (Nutritional Supplements, Personal Care, Food & Beverages, Animal Feed & Pet Food) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, +D11UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Arla Foods, Cargill Incorporation, Glanbia plc, Davisco Food International, Maple Island Incorporation, and Hilmar Cheese Company, Fonterra Co-Operative Group Ltd, Carberry food ingredients, Dairy Farmers of America, and Milk Specialties Global. |
| Drivers | •Dampness holding property of whey protein concentrate during meat handling. |
| Market Challenges | •Wellbeing-related concerns. •Rigid administrative worries and required certificates for promoting whey protein. |
Ans: Type and Application segments are covered in the Whey Protein Market.
Ans: Manufacturers, Research Institutes, university libraries, suppliers, and distributors of the product.
Ans: North America has the biggest offer in the Whey Protein market.
Ans: Rising interest in plant-based protein and Rigid administrative worries and required certificates for promoting whey protein are the restraining factor and challenges faced by the Whey Protein market.
Ans: The Global Whey Protein Market Size is supposed to arrive at USD 16.18 billion by 2028, and develop at a CAGR of 10.34% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Whey Protein Market segmentation, By Application:
8.1 Nutritional Supplements
8.2 Personal Care
8.3 Food & Beverages
8.4 Animal Feed & Pet Food
9. Global Whey Protein Market segmentation, By Type:
9.1 Whey Protein Isolates
9.2 Whey Protein Concentrates
9.2.1 Whey Protein Concentrate 35
9.2.2 Whey Protein Concentrate 50
9.2.3 Whey Protein Concentrate 60-80
9.3 Whey Protein Hydrolysates
10. Global Whey Protein Market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 Arla Foods
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Cargill Incorporation
11.3 Glanbia plc
11.4 Davisco Food International
11.5 Maple Island Incorporation
11.6 Hilmar Cheese Company
11.7 Fonterra Co-Operative Group Ltd
11.8 Carberry food ingredients
11.9 Dairy Farmers of America
11.10 Milk Specialties Global.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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