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Whey Protein Market, (By Product Type: Whey Protein Isolates, Whey Protein Hydrolysates, Whey Protein Concentrates. By Application Type: Personal Care, Food and Beverages, Animal Food and Pet Food, Sports Nutritional Supplements. By Distribution Channel Type: Supermarkets/ Hypermarkets, Specialized stores, B2B, Gym and health centers, Direct distribution & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

Published Date : April 2022 | Report Id : FOD 025 | Format : PDF,PPT | Slides : 180
Report Type : Syndicate Report

The global whey protein market was valued at $36.1 billion in 2021 and it is expected to reach $89.98 billion at a CAGR of 8.40% between 2022 and 2032. Growing incidences of chronic diseases due to lifestyle changes, among the worldwide population, is one of the major factors, which is expected to drive the demand for whey proteins is likely to fuel the market during the forecast period. Whey protein is commonly used for protein supplements which might improve the nutrient content of the diet and might have effects on the immune system as well.

By region, Asia-Pacific is expected to lead the whey protein market during the forecast period across the globe.    

The whey protein products are widely preferred by manufacturers of sports activities and nutritional products for consumers, especially athletic people. The usage of whey proteins are owing to its wide availability, strong amino profile, and easy and simple digestibility. Therefore, the rising demand for whey proteins as sports nutritional products is expected to offer good benefits and opportunities to the manufacturers in the upcoming years. In the U.S, a large number of consumers are suffering from obesity. Thus, to reduce the risk of obesity and other heart diseases, half of the U.S consumers are prone to use whey protein nutritional products to lose weight to decrease the risk of such chronic diseases. In North American region, the behavior of consumers regarding their health is changing. Furthermore, it is helping the food and beverage companies to include whey protein as functional nutrition in their packaged foods, which can replace high fat and costly ingredients such as butter, cream cheese, milk, while the flavor, texture, and appearance of the food remain same for the consumers. 

Whey Protein Market

Source: SAI Research

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Based on product, the whey protein market is segmented into whey protein isolates, whey protein hydrolysates, and whey protein concentrates. The whey protein concentrates holds the major market share over the last few years. Based on nature, the organic segment is anticipated to be the fastest-growing segment over the upcoming period. Based on applications, the whey protein market is categorized into personal care, food and beverages, animal food and pet food, and nutritional supplements. Among these, the sports nutritional supplements category has dominated the market in the last couple of years and it is expected to drive the growth of the whey protein market through the forecast period. 

Based on the regions, the global whey proteins market is segmented into North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East Countries. Among these, the Asia-Pacific region is expected to witness significant growth in the market during the forecast period from 2022 to 2032. Moreover, the demand for whey protein for infant formula as a substitute for breast milk is rising among working women, which is expected to augment the market growth in upcoming years. However, the key players in the global whey protein market are implementing new business strategies to increase their market growth to stay ahead of the competition across the globe.

According to the study, key players such as Arla Foods Dairy Company (Denmark), Hilmar Cheese Company (U.S), Amul Company (India), Cargill Corporation (U.S), Carbery Food Ingredients Ltd. Company (Ireland), Dairy Farmers of America (U.S), Davisco Foods International Company (U.S), Milk Specialties Company (U.S), Saputo Fluid Milk Company (Canada), DMK Deutsches Milchkontor GmBH (Germany), Lactalis Corporation (France), Carbery Group Limited Company (Ireland), Savencia Fromage and Dairy (France), Glanbia Public Limited Company (Ireland), Fonterra Dairying Company (New Zealand), Morinaga Milk Industry Company (Japan), FrieslandCampina Food Company (Netherlands), Hilmar Cheese Company (U.S), Carbery Group Limited (Ireland), United Quality Foods (Spain), Estrel Ingredients (Spain),  among others are leading the global whey protein market.            

Scope of the Report:

Report Coverage

Details

Base Year:

2021

Market Size in 2021:

US$ 36.1 Billion

Historical Data for:

2019, 2020 and 2021

Forecast Period:

2022 to 2032

Forecast Period 2022 to 2032 CAGR:

89.98%

2032 Value Projection:

US$ 8.4 Billion

Segments covered:

By Product Type: Whey Protein Isolates, Whey Protein Hydrolysates, Whey Protein Concentrates

By Application Type: Personal Care, Food and Beverages, Animal Food and Pet Food, Sports Nutritional Supplements.

By Distribution Channel Type: Supermarkets/ Hypermarkets, Specialized stores, B2B, Gym and health centers, Direct distribution, Others..

Geographies covered:

North America: U.S., Canada, Mexico

Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe

Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific

Africa: South Africa, North Africa, and Africa

Middle East: GCC, Israel, and Rest of Middle East

Latin America: Brazil, Argentina, Rest of Latin America

Companies covered:

Arla Foods Dairy Company (Denmark), Hilmar Cheese Company (U.S), Amul Company (India), Cargill Corporation (U.S), Carbery Food Ingredients Ltd. Company (Ireland), Dairy Farmers of America (U.S), Davisco Foods International Company (U.S), Milk Specialties Company (U.S), Saputo Fluid Milk Company (Canada), DMK Deutsches Milchkontor GmBH (Germany), Lactalis Corporation (France), Carbery Group Limited Company (Ireland), Savencia Fromage and Dairy (France), Glanbia Public Limited Company (Ireland), Fonterra Dairying Company (New Zealand), Morinaga Milk Industry Company (Japan), FrieslandCampina Food Company (Netherlands), Hilmar Cheese Company (U.S), Carbery Group Limited (Ireland), United Quality Foods (Spain), Estrel Ingredients (Spain),  among others

The Global Whey Protein Market Has Been Segmented Into:

 The Global Whey Protein Market – By Product Type:

  • Whey Protein Isolates
  • Whey Protein Hydrolysates
  • Whey Protein Concentrates

The Global Whey Protein Market – By Application Type:

  • Personal Care
  • Food and Beverages
  • Animal Food and Pet Food
  • Sports Nutritional Supplements

The Global Whey Protein Market – By Distribution Channel Type:  

  • Supermarkets/ Hypermarkets
  • Specialized stores,
  • B2B
  • Gym and health centers
  • Direct distribution
  • Others

The Global Whey Protein Market – By Regions:

North America

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAMEA
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