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Whey Protein (Powder and Concentrate) Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

The global whey protein market reached a volume of 4.2 Million Metric Tons in 2018, registering a CAGR of 3.7% during 2011-2018. The market is further projected to reach a volume of 5.6 Million Metric Tons by 2024, growing at a CAGR of 4.8% during 2019-2024. Whey accounts for almost 20% of the protein content of cow’s milk and is considered beneficial for the human body. It offers numerous health advantages such as building muscles, promoting fat loss, repairing muscle tissues, reducing stress and inflammation, lowering blood pressure and cholesterol levels, preventing diseases and promoting overall health. Some of the factors which are augmenting the demand for whey protein are inflating disposable incomes, rising demand from developing markets and the emerging trend of consuming protein-based drinks.

Global Whey Protein Market Report

Global Whey Protein Market Drivers:

  • Due to the rising prevalence of lifestyle diseases and growing health awareness among consumers, people are now joining gyms and fitness centers. As protein supplements are often recommended in these centers, the demand for whey protein is proliferating at a rapid pace.
  • As whey protein possesses anti-bacterial and anti-hypertensive properties, it finds applications in the food industry for preparing snacks, cereals, chocolates, beverages, infant formula, dairy products and bakery items. With rising global population and changing dietary habits of people, the food industry is experiencing a robust growth, which in turn, is catalyzing the growth of the whey protein market.
  • Unlike other dairy products, the shelf life of whey protein is comparatively higher owing to which it can last for months while retaining its original properties. In addition to this, as whey protein is generally available in powdered state, it can be easily transported from one place to another.


Breakup by Product Type:

On the basis of type, the market has been segmented into whey protein concentrates, isolate and hydrolysates. At present, whey protein isolate represents the most popular product type as it is one of the fast-absorbing sources of protein which assists in building lean muscles.

Breakup by Application:

Based on applications, the market has been classified as food and beverages, nutrition products and pharmaceuticals, feed applications and others. Amongst these, the nutrition and pharmaceutical segment accounts for the majority of the market share.

Regional Insights:

On a geographical front, the European Union enjoys the leading position in the global whey protein market. This can be attributed to the rising awareness about the health benefits of whey protein amongst the populace of the region. It is followed by North America, Oceania, Eastern Europe and Latin America.

Competitive Landscape:

The global whey protein market is fragmented in nature due to the presence of numerous small and large manufacturers who compete against one another in terms of prices and quality. Some of these key players 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


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.

Key Questions Answered in This Report:

  • How has the global whey protein market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global whey protein market?
  • What are the major application segments in the global whey protein market?
  • What are the key product types in the global whey protein market?
  • What are the price trends of whey protein?
  • What are the various stages in the value chain of the global whey protein industry?
  • What are the key driving factors and challenges in the global whey protein industry?
  • What is the structure of the global whey protein market and who are the key players?
  • What is the degree of competition in the global whey protein market?
  • What are the profit margins in the global whey protein market?
  • What are the key requirements for setting up a whey protein manufacturing plant?
  • How is whey protein manufactured?
  • What are the various unit operations involved in a whey protein manufacturing plant?
  • What is the total size of land required for setting up a whey protein manufacturing plant?
  • What are the machinery requirements for setting up a whey protein manufacturing plant?
  • What are the raw material requirements for setting up a whey protein manufacturing plant?
  • What are the packaging requirements for whey protein?
  • What are the transportation requirements for whey protein?
  • What are the utility requirements for setting up a whey protein manufacturing plant?
  • What are the manpower requirements for setting up a whey protein manufacturing plant?
  • What are the infrastructure costs for setting up a whey protein manufacturing plant?
  • What are the capital costs for setting up a whey protein manufacturing plant?
  • What are the operating costs for setting up a whey protein manufacturing plant?
  • What will be the income and expenditures for a whey protein manufacturing plant?
  • What is the time required to break-even?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Whey Protein Industry
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Analysis
        5.3.1    Key Price Indicators
        5.3.2    Price Structure
        5.3.3    Price Trends
    5.4    Market Breakup by Type
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Raw Material Procurement
        5.9.2    Manufacturing
        5.9.3    Marketing
        5.9.4    Distribution
        5.9.5    Export
        5.9.6    End-Use
    5.10    Porter’s Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
    5.11    Key Success Factors and Risk Factors
6    Market Breakup by Type
    6.1    Whey Protein Concentrate
        6.1.1   Market Trends
        6.1.2   Market Forecast
    6.2    Whey Protein Isolate
        6.2.1   Market Trends
        6.2.2   Market Forecast
    6.3    Whey Protein Hydrolysates
        6.3.1    Market Trends
        6.3.2   Market Forecast
7    Market Breakup by Application
    7.1    Food and Beverages
        7.1.1    Market Trends
        7.1.2   Market Forecast
    7.2    Nutrition Products and Pharmaceuticals
        7.2.1    Market Trends
        7.2.2   Market Forecast
    7.3    Feed Applications
        7.3.1    Market Trends
        7.3.2   Market Forecast
    7.4    Others
        7.4.1    Market Trends
        7.4.2   Market Forecast
8    Market Breakup by Region
    8.1    European Union
        8.1.1    Market Trends
        8.1.2   Market Forecast
    8.2    North America
        8.2.1    Market Trends
        8.2.2   Market Forecast
    8.3    Oceania
        8.3.1    Market Trends
        8.3.2   Market Forecast
    8.4    Eastern Europe
        8.4.1    Market Trends
        8.4.2   Market Forecast
    8.5    Latin America 
        8.5.1    Market Trends
        8.5.2   Market Forecast
    8.6    Others 
        8.6.1    Market Trends
        8.6.2   Market Forecast
9    Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
10    Whey Protein Manufacturing Process
    10.1    Product Overview
    10.2    Detailed Process Flow
    10.3    Various Types of Unit Operations Involved
    10.4    Mass Balance and Raw Material Requirements
11    Project Details, Requirements and Costs Involved
    11.1    Land Requirements and Expenditures
    11.2    Construction Requirements and Expenditures
    11.3    Plant Machinery
    11.4    Machinery Pictures
    11.5    Raw Material Requirements and Expenditures
    11.6    Raw Material and Final Product Pictures
    11.7    Packaging Requirements and Expenditures
    11.8    Transportation Requirements and Expenditures
    11.9    Utility Requirements and Expenditures
    11.10    Manpower Requirements and Expenditures
    11.11    Other Capital Investments
12    Loans and Financial Assistance
13    Project Economics

    13.1    Capital Cost of the Project
    13.2    Techno-Economic Parameters
    13.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    13.4    Taxation and Depreciation
    13.5    Income Projections
    13.6    Expenditure Projections
    13.7    Financial Analysis
    13.8    Profit Analysis
14    Key Player Profiles
    14.1    Arla Foods
    14.2    Agropur Inc.
    14.3    Hilmar Cheese Company, Inc.
    14.4    Glanbia Plc
    14.5    Kerry Group Plc
    14.6    Milk Specialties Global
    14.7    Leprino Foods Company
    14.8    Carbery
    14.9    Grande Cheese Company
    14.10    Lactalis Group


List of Figures

Figure 1: Global: Whey Protein Market: Major Drivers and Challenges
Figure 2: Global: Whey Protein Market: Volume Trends (in Million Tons), 2011-2018
Figure 3: Global: Whey Protein Market: Value Trends (in Billion US$), 2011-2018
Figure 4: Whey Protein Manufacturing: Price Structure (in US$/Ton)
Figure 5: Global: Whey Protein Market: Average Price Trends (in US$/Ton), 2011-2018
Figure 6: Whey Protein Market Forecast: Average Price Trends (in US$/Ton), 2019-2024
Figure 7: Global: Whey Protein Market: Breakup by Region (in %), 2018
Figure 8: Global: Whey Protein Market Forecast: Volume Trends (in Million Tons), 2019-2024    
Figure 9: Global: Whey Protein Market Forecast: Value Trends (in Billion US$), 2019-2024
Figure 10: Global: Whey Protein Industry: SWOT Analysis
Figure 11: Global: Whey Protein Industry: Value Chain Analysis
Figure 12: Global: Whey Protein Industry: Porter’s Five Forces Analysis
Figure 13: European Union: Whey Protein Market (in Billion US$), 2011 & 2018
Figure 14: European Union: Whey Protein Market Forecast (in Billion US$), 2019-2024
Figure 15: North America: Whey Protein Market (in Billion US$), 2011 & 2018
Figure 16: North America: Whey Protein Market Forecast (in Billion US$), 2019-2024
Figure 17: Oceania: Whey Protein Market (in Billion US$), 2011 & 2018
Figure 18: Oceania: Whey Protein Market Forecast (in Billion US$), 2019-2024
Figure 19: Eastern Europe: Whey Protein Market (in Billion US$), 2011 & 2018
Figure 20: Eastern Europe: Whey Protein Market Forecast (in Billion US$), 2019-2024
Figure 21: Latin America: Whey Protein Market (in Billion US$), 2011 & 2018
Figure 22: Latin America: Whey Protein Market Forecast (in Billion US$), 2019-2024
Figure 23: Global: Whey Protein (Concentrate) Market (in Billion US$), 2011 & 2018
Figure 24: Global: Whey Protein (Concentrate) Market Forecast (in Billion US$), 2019-2024
Figure 25: Global: Whey Protein (Isolate) Market (in Billion US$), 2011 & 2018
Figure 26: Global: Whey Protein (Isolate) Market Forecast (in Billion US$), 2019-2024
Figure 27: Global: Whey Protein (Hydrolysates) Market (in Billion US$), 2011 & 2018
Figure 28: Global: Whey Protein (Hydrolysates) Market Forecast (in Billion US$), 2019-2024
Figure 29: Global: Whey Protein (Food and Beverage) Market (in Billion US$), 2011 & 2018
Figure 30: Global: Whey Protein (Food and Beverage) Market Forecast (in Billion US$), 2019-2024
Figure 31: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market (in Billion US$), 2011 & 2018
Figure 32: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market Forecast (in Billion US$), 2019-2024
Figure 33: Global: Whey Protein (Feed Applications) Market (in Billion US$), 2011 & 2018
Figure 34: Global: Whey Protein (Feed Applications) Market Forecast (in Billion US$), 2019-2024
Figure 35: Global: Whey Protein (Others) Market (in Billion US$), 2011 & 2018
Figure 36: Global: Whey Protein (Others) Market Forecast (in Billion US$), 2019-2024
Figure 37: Whey Protein Manufacturing: Detailed Process Flow
Figure 38: Whey Protein Manufacturing Process: Conversion Rate of Feedstocks
Figure 39: Whey Protein Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 40: Whey Protein Industry: Profit Margins at Various Levels of the Supply Chain
Figure 41: Whey Protein Manufacturing: Production Cost Breakup (in %)

List of Tables

Table 1: Global: Whey Protein Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Whey Protein Market Forecast: Breakup by Type (in Billion US$), 2019-2024
Table 3: Global: Whey Protein Market Forecast: Breakup by Application (in Billion US$), 2019-2024
Table 4: Global: Whey Protein Market Forecast: Breakup by Region (in Billion US$), 2019-2024
Table 5: Global: Whey Protein Market: Competitive Structure
Table 6: Global: Whey Protein Market: Key Players
Table 7: Whey Protein Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 8: Whey Protein Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 9: Whey Protein Manufacturing Plant: Costs Related to Machinery (in US$)
Table 10: Whey Protein Manufacturing Plant: Raw Material Requirements
Table 11: Whey Protein Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 12: Whey Protein Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 13: Details of Financial Assistance Offered by Financial Institutions
Table 14: Whey Protein Manufacturing Plant: Capital Costs (in US$)
Table 15: Whey Protein Manufacturing Plant: Techno-Economic Parameters (in US$)
Table 16: Whey Protein Manufacturing Plant: Taxation and Depreciation (in US$)
Table 17: Whey Protein Manufacturing Plant: Income Projections (in US$)
Table 18: Whey Protein Manufacturing Plant: Expenditure Projections (in US$)
Table 19: Whey Protein Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 20: Whey Protein Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 21: Whey Protein Manufacturing Plant: Profit and Loss Account (in US$)

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