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The global whey protein (powder and concentrate) market size reached a value of US$ 4.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.25 Billion by 2027, exhibiting at a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Whey protein is derived from whey, a watery portion of milk that separates from the curds during cheese production. It boosts muscle mass, maintains blood sugar levels, promotes weight loss, reduces inflammation, and helps in the treatment of diabetes. As it aids in improving athletic performance and boosting strength, whey protein is gaining traction among athletes and sports enthusiasts around the world.
Whey Protein Market Trends:
The expanding purchasing power and the increasing adoption of a healthy and nutritious diet are among the major factors positively influencing the demand for whey protein worldwide. In addition, it is widely used in the preparation of shakes, muffins, cupcakes, smoothies, pancakes, coffee, and spreads, which are served across commercial food outlets. This, in confluence with the burgeoning food and beverage (F&B) industry, is contributing to the market growth. Moreover, the rising awareness about the health benefits of consuming whey protein and the growing health consciousness among the masses are driving the market. Furthermore, as it is utilized in the manufacturing of baby food and infant formula, increasing concerns of parents about the balanced nutrition of their children are creating a positive outlook for the market. Besides this, the rising consumption of dietary supplements in daily routine for maintaining overall health is favoring the market growth. Apart from this, product manufacturers are introducing novel variants in innovative flavors like coconut, caramel, chocolate, cranberry, and coffee to expand their product portfolio. They are also focusing on providing whey protein-based beverages and bakery products through online retail channels. This, in confluence with the thriving e-commerce industry, is offering lucrative growth opportunities to industry investors.
IMARC Group provides an analysis of the key trends in each sub-segment of the global whey protein (powder and concentrate) market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on type and application.
Breakup by Type:
Whey protein concentrate exhibits a clear dominance in the market as it is rich in branched chain amino acids (BCAA’s) and offers a higher percentage of lactose, which assists in gaining muscle mass
Breakup by Application:
Nutrition products and pharmaceuticals dominate the market as they help meet the nutritional requirements of individuals.
European Union holds the majority of the global whey protein market share due to the growing health consciousness among the masses.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are
This report provides a deep insight into the global whey protein industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a whey protein manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the whey protein industry in any manner.
|Base Year of the Analysis||2021|
|Units||Million Tons, US$ Billion|
|Segment Coverage||Type, Application, Region|
|Region Covered||European Union, North America, Oceania, Eastern Europe, Latin America, Others|
|Companies Covered||Arla Foods, Agropur Inc., Hilmar Cheese Company, Inc., Glanbia Plc, Kerry Group Plc, Milk Specialties Global, Leprino Foods Company, Carbery, Grande Cheese Company and Lactalis Group|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global whey protein (powder and concentrate) market was valued at US$ 4.9 Billion in 2021.
We expect the global whey protein (powder and concentrate) market to exhibit a CAGR of 4.3% during 2022-2027.
The widespread availability of whey protein in innovative flavors, such as coconut, caramel, chocolate, cranberry, etc., to expand the consumer base is primarily driving the global whey protein (powder and concentrate) market.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of whey protein.
Based on the type, the global whey protein (powder and concentrate) market has been divided into whey protein concentrate, whey protein isolate, and whey protein hydrolysates. Currently, whey protein concentrate exhibits a clear dominance in the market.
Based on the application, the global whey protein (powder and concentrate) market can be categorized into food and beverages, nutrition products and pharmaceuticals, feed applications, and others. Among these, nutrition products and pharmaceuticals account for the majority of the global market share.
On a regional level, the market has been classified into European Union, North America, Oceania, Eastern Europe, Latin America, and others, where European Union currently dominates the global market.
Some of the major players in the global whey protein (powder and concentrate) market include Arla Foods, Agropur Inc., Hilmar Cheese Company, Inc., Glanbia Plc, Kerry Group Plc, Milk Specialties Global, Leprino Foods Company, Carbery, Grande Cheese Company, Lactalis Group, etc.
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