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Whey Protein Ingredients Market Trends, Industry & Size 2031

Global Whey Protein Ingredients Market

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Segments - By Types (Whey Protein Concentrates [Whey Protein Concentrate 35 and Whey Protein Concentrate 80], Whey Protein Isolates (WPI), Hydrolysates Whey Protein (HWP), and Demineralized Whey Protein (DWP)), Applications (Bakery & Confectionery, Dairy Products & Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicines, Others [Personal Care and Infant Nutrition]) and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

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Report Description

The global whey protein ingredients market size is anticipated to expand at a CAGR of 9.3% and is projected to reach USD 20.2 billion during the forecast period, between 2021 and 2028. Growing incidences of chronic diseases associated with changing lifestyles raise the adoption of protein-rich diets among consumers. Thus, in turn, propelling the global digital twin market.

Whey proteins are the protein derived from whey during cheese production. It is a by-product of the cheese-making process that include a significant amount of essential amino acids. Whey protein is typically available in the form of a powder, which is added to liquids and soft food such as applesauce or blended with ice and fresh fruit to make a smoothie.

Whey protein is highly consumed for improving athletic performance and addressing nutritional deficiencies or problems. It is consumed as an alternative to milk by lactose-intolerant consumers.

Market Trends, Drivers, Restraints, and Opportunities

Rising awareness related to the necessity for maintaining physical health increases the demand for protein intake, especially among millennials is boosting the market.
Increasing consumption of whey protein ingredients among consumers as dietary supplements and functional food is fueling the market.
Several benefits offered by whey protein ingredients such as solubility, emulsification, water-binding & viscosity, gelation, adhesion, and organoleptic characteristics are driving the market.
Growing adoption of whey protein ingredients in meat processing, owing to its moisture-retaining property. Whey protein ingredients are utilized in meat products in the form of breadcrumbs or batter to meat, which is expected to propel the market.
Growing number of lactose intolerance patients and increasing demand for plant-based proteins among consumers are hindering the market.
Stringent regulations imposed by the government on the use of whey protein ingredients are restricting the market.
Increasing demand for sports nutritional supplements among consumers is creating lucrative opportunities for the manufacturers during the forecast period.
Growing adoption of whey protein ingredients by manufacturers to develop personal care products including skin and hair care is generating opportunities in the market.

Scope of Whey Protein Ingredients Market report

The report on the global whey protein ingredients market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Whey Protein Ingredients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Whey Protein Concentrates [Whey Protein Concentrate 35 and Whey Protein Concentrate 80], Whey Protein Isolates (WPI), Hydrolysates Whey Protein (HWP), and Demineralized Whey Protein (DWP)), Applications (Bakery & Confectionery, Dairy Products & Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicines, Others [Personal Care and Infant Nutrition])
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Hilmar Cheese Company,Inc, UL LLC, Glanbia plc, Fonterra Co-Operative Group Limited, Arla Foods Ingredients Group P/S, ALPAVIT, wheyco GmbH, Milk Specialties Global, LACTALIS Ingredients, and Leprino Food.

Whey Protein Ingredients Market Segment Insights

Large enterprise segment is likely to hold a substantial market share in the coming years

On the basis of types, the global whey protein ingredients market is divided into whey protein concentrates (WPC), whey protein isolates (WPI), hydrolysates whey protein (HWP), and demineralized whey protein (DWP). The whey protein concentrates segment is further sub-segmented into whey protein concentrate 35 and whey protein concentrate 80. The whey protein concentrates (WPC) segment constituted a significant market share and is projected to expand at a rapid rate during the forecast period, due to the increasing adoption in various applications such as beverages, dairy desserts, and yogurt products.

Whey protein concentrates are a heterogeneous grouping of various dissimilar proteins and contain lipids, minerals, and lactose. Whey proteins remain soluble in the whey after the precipitation of casein at pH 4.6 at 20°C. These concentrates are highly used as a source of protein protection for infant food and nutritional products. WPC includes gelling properties when dissolved in water and heated, which increases the demand in nutritional and meat industry applications.

The whey protein hydrolysate (WPH) segment is projected to expand in the near future, due to growing adoption in various applications such as bakery, sports nutrition, clinical nutrition, and infant nutrition products.

Sports Nutrition segment to grow at a significant pace in the near future

Based on applications, the global whey protein ingredients market is fragmented into bakery & confectionery, dairy products & frozen foods, sports nutrition, beverages, meat products, medicine, and others. The others segment is further divided into personal care and infant nutrition. The sports nutrition segment is projected to expand at a significant CAGR during the forecast period.

Whey protein ingredients are highly adopted in response to the perennial modifications such as baking, brining, and texture among various industries such as bakery & confectionery and beverages industry. Moreover, increasing demand for whey protein concentrates 80 and 35 as protein supplements in sports nutrition applications are aiding the growth of the sports nutrition segment.

Asia Pacific estimated to account for significant market share

In terms of regions, the global whey protein ingredients market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to the growing demand for performance diet, nutrition, and performance drinks among consumers, especially non-athletes. The US Department of Food Science and Technology focuses on developing new applications for whey protein ingredients-based coating and edible films, which is boosting the market in the region.

The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period due to growing awareness among consumers related to aptitude and protein intake. China is the largest producer of dairy-based proteins owing to the easy availability of raw materials, which is anticipated to boost the market in Asia Pacific.

Segments

By Types

Whey Protein Concentrates
- Whey Protein Concentrate 35
- Whey Protein Concentrate 80
Whey Protein Isolates (WPI)
Hydrolysates Whey Protein (HWP)
Demineralized Whey Protein (DWP)

By Applications

Bakery & Confectionery
Dairy Products & Frozen Foods
Sports Nutrition
Beverages
Meat Products
Medicine
Others
- Personal Care
- Infant Nutrition

By Regions

North America
Europe
Latin America
Asia Pacific
Middle East & Africa

By Key Players

Hilmar Cheese Company,Inc
UL LLC
Glanbia plc
Fonterra Co-Operative Group Limited
Arla Foods Ingredients Group P/S
ALPAVIT
wheyco GmbH
Milk Specialties Global
LACTALIS Ingredients
Leprino Foods.

Competitive Landscape

Key players in the global whey protein ingredients market include Hilmar Cheese Company,Inc, UL LLC, Glanbia plc, Fonterra Co-Operative Group Limited, Arla Foods Ingredients Group P/S, ALPAVIT, wheyco GmbH, Milk Specialties Global, LACTALIS Ingredients, and Leprino Foods. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whey Protein Ingredients Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Whey Protein Ingredients Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Whey Protein Ingredients Market - Supply Chain
  4.5. Global Whey Protein Ingredients Market Forecast
     4.5.1. Whey Protein Ingredients Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Whey Protein Ingredients Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Whey Protein Ingredients Market Absolute $ Opportunity
5. Global Whey Protein Ingredients Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Whey Protein Ingredients Market Size and Volume Forecast by Types
     5.3.1. Whey Protein Concentrates
     5.3.2. Whey Protein Isolates (WPI)
     5.3.3. Hydrolysates Whey Protein (HWP)
     5.3.4. Demineralized Whey Protein (DWP)
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Whey Protein Ingredients Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Whey Protein Ingredients Market Size and Volume Forecast by Applications
     6.3.1. Bakery & Confectionery
     6.3.2. Dairy Products & Frozen Foods
     6.3.3. Sports Nutrition
     6.3.4. Beverages
     6.3.5. Meat Products
     6.3.6. Medicine
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Whey Protein Ingredients Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Whey Protein Ingredients Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Whey Protein Ingredients Demand Share Forecast, 2019-2026
8. North America Whey Protein Ingredients Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Whey Protein Ingredients Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Whey Protein Ingredients Market Size and Volume Forecast by Types
     8.4.1. Whey Protein Concentrates
     8.4.2. Whey Protein Isolates (WPI)
     8.4.3. Hydrolysates Whey Protein (HWP)
     8.4.4. Demineralized Whey Protein (DWP)
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Whey Protein Ingredients Market Size and Volume Forecast by Applications
     8.7.1. Bakery & Confectionery
     8.7.2. Dairy Products & Frozen Foods
     8.7.3. Sports Nutrition
     8.7.4. Beverages
     8.7.5. Meat Products
     8.7.6. Medicine
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Whey Protein Ingredients Demand Share Forecast, 2019-2026
9. Latin America Whey Protein Ingredients Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Whey Protein Ingredients Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Whey Protein Ingredients Market Size and Volume Forecast by Types
     9.4.1. Whey Protein Concentrates
     9.4.2. Whey Protein Isolates (WPI)
     9.4.3. Hydrolysates Whey Protein (HWP)
     9.4.4. Demineralized Whey Protein (DWP)
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Whey Protein Ingredients Market Size and Volume Forecast by Applications
     9.7.1. Bakery & Confectionery
     9.7.2. Dairy Products & Frozen Foods
     9.7.3. Sports Nutrition
     9.7.4. Beverages
     9.7.5. Meat Products
     9.7.6. Medicine
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Whey Protein Ingredients Demand Share Forecast, 2019-2026
10. Europe Whey Protein Ingredients Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Whey Protein Ingredients Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Whey Protein Ingredients Market Size and Volume Forecast by Types
     10.4.1. Whey Protein Concentrates
     10.4.2. Whey Protein Isolates (WPI)
     10.4.3. Hydrolysates Whey Protein (HWP)
     10.4.4. Demineralized Whey Protein (DWP)
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Whey Protein Ingredients Market Size and Volume Forecast by Applications
     10.7.1. Bakery & Confectionery
     10.7.2. Dairy Products & Frozen Foods
     10.7.3. Sports Nutrition
     10.7.4. Beverages
     10.7.5. Meat Products
     10.7.6. Medicine
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Whey Protein Ingredients Demand Share Forecast, 2019-2026
11. Asia Pacific Whey Protein Ingredients Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Whey Protein Ingredients Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Whey Protein Ingredients Market Size and Volume Forecast by Types
     11.4.1. Whey Protein Concentrates
     11.4.2. Whey Protein Isolates (WPI)
     11.4.3. Hydrolysates Whey Protein (HWP)
     11.4.4. Demineralized Whey Protein (DWP)
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Whey Protein Ingredients Market Size and Volume Forecast by Applications
     11.7.1. Bakery & Confectionery
     11.7.2. Dairy Products & Frozen Foods
     11.7.3. Sports Nutrition
     11.7.4. Beverages
     11.7.5. Meat Products
     11.7.6. Medicine
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Whey Protein Ingredients Demand Share Forecast, 2019-2026
12. Middle East & Africa Whey Protein Ingredients Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Whey Protein Ingredients Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Whey Protein Ingredients Market Size and Volume Forecast by Types
     12.4.1. Whey Protein Concentrates
     12.4.2. Whey Protein Isolates (WPI)
     12.4.3. Hydrolysates Whey Protein (HWP)
     12.4.4. Demineralized Whey Protein (DWP)
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Whey Protein Ingredients Market Size and Volume Forecast by Applications
     12.7.1. Bakery & Confectionery
     12.7.2. Dairy Products & Frozen Foods
     12.7.3. Sports Nutrition
     12.7.4. Beverages
     12.7.5. Meat Products
     12.7.6. Medicine
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Whey Protein Ingredients Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Whey Protein Ingredients Market: Market Share Analysis
  13.2. Whey Protein Ingredients Distributors and Customers
  13.3. Whey Protein Ingredients Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Hilmar Cheese Company,Inc
     13.4.2. UL LLC
     13.4.3. Glanbia plc
     13.4.4. Fonterra Co-Operative Group Limited
     13.4.5. Arla Foods Ingredients Group P/S
     13.4.6. ALPAVIT
     13.4.7. wheyco GmbH

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