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Whey Protein (Powder and Concentrate) Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

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.

Key Market Segmentation:

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
  • Whey Protein Isolate
  • Whey Protein Hydrolysates
     

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:

  • Food and Beverages
  • Nutrition Products and Pharmaceuticals
  • Feed Applications
  • Others
     

Nutrition products and pharmaceuticals dominate the market as they help meet the nutritional requirements of individuals.

Regional Insights:

  • European Union
  • North America
  • Oceania
  • Eastern Europe
  • Latin America 
  • Others
     

European Union holds the majority of the global whey protein market share due to the growing health consciousness among the masses.

Competitive Landscape:

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 

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
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)

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    Impact of COVID-19
    5.4    Price Analysis
        5.4.1    Key Price Indicators
        5.4.2    Price Structure
        5.4.3    Price Trends
    5.5    Market Breakup by Type
    5.6    Market Breakup by Application
    5.7    Market Breakup by Region
    5.8    Market Forecast
    5.9    SWOT Analysis
        5.9.1    Overview
        5.9.2    Strengths
        5.9.3    Weaknesses
        5.9.4    Opportunities
        5.9.5    Threats
    5.10    Value Chain Analysis
        5.10.1    Raw Material Procurement
        5.10.2    Manufacturing
        5.10.3    Marketing
        5.10.4    Distribution
        5.10.5    Export
        5.10.6    End-Use
    5.11   Porter’s Five Forces Analysis
        5.11.1    Overview
        5.11.2    Bargaining Power of Buyers
        5.11.3    Bargaining Power of Suppliers
        5.11.4    Degree of Competition
        5.11.5    Threat of New Entrants
        5.11.6    Threat of Substitutes
    5.12    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), 2016-2021
Figure 3: Global: Whey Protein Market: Value Trends (in Billion US$), 2016-2021
Figure 4: Whey Protein Manufacturing: Price Structure (in US$/Ton)
Figure 5: Global: Whey Protein Market: Average Prices (in US$/Ton), 2016-2021
Figure 6: Whey Protein Market Forecast: Average Prices (in US$/Ton), 2022-2027
Figure 7: Global: Whey Protein Market: Breakup by Type (in %), 2021
Figure 8: Global: Whey Protein Market: Breakup by Application (in %), 2021
Figure 9: Global: Whey Protein Market: Breakup by Region (in %), 2021
Figure 10: Global: Whey Protein Market Forecast: Volume Trends (in Million Tons), 2022-2027    
Figure 11: Global: Whey Protein Market Forecast: Value Trends (in Billion US$), 2022-2027
Figure 12: Global: Whey Protein Industry: SWOT Analysis
Figure 13: Global: Whey Protein Industry: Value Chain Analysis
Figure 14: Global: Whey Protein Industry: Porter’s Five Forces Analysis
Figure 15: European Union: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 16: European Union: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 17: North America: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 18: North America: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 19: Oceania: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 20: Oceania: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 21: Eastern Europe: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 22: Eastern Europe: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 23: Latin America: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 24: Latin America: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 25: Others: Whey Protein Market (in Billion US$), 2016 & 2021
Figure 26: Others: Whey Protein Market Forecast (in Billion US$), 2022-2027
Figure 27: Global: Whey Protein (Concentrate) Market (in Billion US$), 2016 & 2021
Figure 28: Global: Whey Protein (Concentrate) Market Forecast (in Billion US$), 2022-2027
Figure 29: Global: Whey Protein (Isolate) Market (in Billion US$), 2016 & 2021
Figure 30: Global: Whey Protein (Isolate) Market Forecast (in Billion US$), 2022-2027
Figure 31: Global: Whey Protein (Hydrolysates) Market (in Billion US$), 2016 & 2021
Figure 32: Global: Whey Protein (Hydrolysates) Market Forecast (in Billion US$), 2022-2027
Figure 33: Global: Whey Protein (Food and Beverages) Market (in Billion US$), 2016 & 2021
Figure 34: Global: Whey Protein (Food and Beverages) Market Forecast (in Billion US$), 2022-2027
Figure 35: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market (in Billion US$), 2016 & 2021
Figure 36: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market Forecast (in Billion US$), 2022-2027
Figure 37: Global: Whey Protein (Feed Applications) Market (in Billion US$), 2016 & 2021
Figure 38: Global: Whey Protein (Feed Applications) Market Forecast (in Billion US$), 2022-2027
Figure 39: Global: Whey Protein (Others) Market (in Billion US$), 2016 & 2021
Figure 40: Global: Whey Protein (Others) Market Forecast (in Billion US$), 2022-2027
Figure 41: Whey Protein Manufacturing: Detailed Process Flow
Figure 42: Whey Protein Manufacturing Process: Conversion Rate of Feedstocks
Figure 43: Whey Protein Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 44: Whey Protein Industry: Profit Margins at Various Levels of the Supply Chain
Figure 45: Whey Protein Manufacturing: Production Cost Breakup (in %)

List of Tables

Table 1: Global: Whey Protein Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Whey Protein Market Forecast: Breakup by Type (in Billion US$), 2022-2027
Table 3: Global: Whey Protein Market Forecast: Breakup by Application (in Billion US$), 2022-2027
Table 4: Global: Whey Protein Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 5: Global: Whey Protein Market: Competitive Structure
Table 6: Global: Whey Protein Market: Key Players
Table 7: Whey Protein Manufacturing Plant: Costs Related to Land and Site Development (in US$)
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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Key Questions Answered in This Report

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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