Whey Protein Market by Types (Whey Protein Concentrates, Whey Protein Isolates, and Hydrolyzed Whey Proteins), Applications (Sports and Performance Nutrition, Infant Formulas, and Functional/Fortified Foods), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends and Forecast 2021 – 2028
The global whey protein market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing heath consciousness across the globe.
Whey protein is a protein-rich dairy item and is normally consumed as a protein supplement for ideal bodywork, muscle recuperation, and weight reduction. Whey protein concentrate is collected during the procedure of cheese making as fluid and dried into a powder. ?It is considered as a healthy source of nutrition, and it is suggested as a supplement to reach protein intake objectives consistently. With the expanding prevalence of plant-based diets, whey protein concentrate has evolved as a direct substitute for eggs and meat in everyday diet. It has been found to increase muscle strength as well as increase the body's capacity to fix muscles post-exercise.
The COVID-19 pandemics affected the fitness industry across the globe, mostly gym centers. The restrictions on the operations of fitness centers, disrupted the market development. Moreover, the supply and demand gap due to interruption in supply chain activities, negatively influenced the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Rising prevalence of lifestyle diseases and growing health concerns among consumers’ are expected to boost the whey protein market.
- Increased cost of manufacturing can restrain the growth of the market.
- Strategic collaborations between companies are positively influencing the market growth
- Simple absorbability, huge accessibility, and a strong amino profile of whey protein is estimated to invite broad development opportunities for the market during the forecast period.
- Growing number of initiatives supporting heath eating is estimated to create lucrative opportunities for the market.
Scope of the Report
The report on the whey protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Whey protein 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 Isolates, and Hydrolyzed Whey Proteins) and Applications (Sports and Performance Nutrition, Infant Formulas, and Functional/Fortified Foods) |
| 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 | Carbery Group Ltd.; FrieslandCampina; Agropur MSI, LLC; Arla Foods; and Glanbia Nutritionals (NA), Inc. |
Whey Protein Market Segment Insights
Whey protein concentrates segment is expected to grow at a rapid pace
Based on types, the market is divided into whey protein concentrates, whey protein isolates, and hydrolyzed whey proteins. The whey protein concentrates segment is estimated to expand at a rapid pace due to increasing demand for protein supplements among fitness enthusiasts. Whey protein concentrates provide a cost-effective alternative to formulate caramels with great eating quality and excellent handling, which is spurring the segment growth.
Sports and performance nutrition segment is projected to expand at a considerable CAGR
In terms of applications, the whey protein market is divided into sports and performance nutrition, infant formulas and functional/fortified foods. The sports and performance nutrition segment is anticipated to account for a key share of the market due to an increase in awareness regarding whey protein benefits such as ease of blending whey protein in fluids. On the other hand, the fortified foods segment is estimated to grow at a heathy rate in the projected timeline.
Asia Pacific is anticipated to constitute a large market share
In terms of regions, the global market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to account for a large market share due the increasing number of protein content products. On the other hand, the market in Europe is anticipated to expand at a rapid pace during the forecast period owing to rising health awareness and increasing number of protein-rich products.
Segments
Segments Covered in the ReportThe global whey protein market has been segmented on the basis of
Types
- Whey Protein Concentrates
- Whey Protein Isolates
- Hydrolyzed Whey Proteins
- Sports and Performance Nutrition
- Infant Formulas
- Functional/Fortified Foods
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Carbery Group Ltd.
- FrieslandCampina
- Agropur MSI, LLC
- Arla Foods
- Glanbia Nutritionals (NA), Inc.
Competitive Landscape
Key players competing in the whey protein market are Carbery Group Ltd.; FrieslandCampina; Agropur MSI, LLC; Arla Foods; and Glanbia Nutritionals (NA), Inc.
Companies are engaging in partnerships with industry players to improve their product line and leverage their market position.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whey protein 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 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 Market - Supply Chain
4.5. Global Whey protein Market Forecast
4.5.1. Whey protein Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Whey protein Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Whey protein Market Absolute $ Opportunity
5. Global Whey protein 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 Market Size and Volume Forecast by Types
5.3.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Whey protein 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 Market Size and Volume Forecast by Applications
6.3.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Whey protein 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 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 Demand Share Forecast, 2019-2026
8. North America Whey protein 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 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 Market Size and Volume Forecast by Types
8.4.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Whey protein Market Size and Volume Forecast by Applications
8.7.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
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 Demand Share Forecast, 2019-2026
9. Latin America Whey protein 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 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 Market Size and Volume Forecast by Types
9.4.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Whey protein Market Size and Volume Forecast by Applications
9.7.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
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 Demand Share Forecast, 2019-2026
10. Europe Whey protein 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 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 Market Size and Volume Forecast by Types
10.4.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Whey protein Market Size and Volume Forecast by Applications
10.7.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
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 Demand Share Forecast, 2019-2026
11. Asia Pacific Whey protein 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 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 Market Size and Volume Forecast by Types
11.4.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Whey protein Market Size and Volume Forecast by Applications
11.7.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
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 Demand Share Forecast, 2019-2026
12. Middle East & Africa Whey protein 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 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 Market Size and Volume Forecast by Types
12.4.1. Whey Protein Concentrates Whey Protein Isolates Hydrolyzed Whey Proteins
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 Market Size and Volume Forecast by Applications
12.7.1. Sports and Performance Nutrition Infant Formulas Functional/Fortified Foods
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 Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Whey protein Market: Market Share Analysis
13.2. Whey protein Distributors and Customers
13.3. Whey protein Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Carbery Group Ltd. FrieslandCampina Agropur MSI, LLC Arla Foods Glanbia Nutritionals (NA), Inc.
The global whey protein market has been segmented on the basis of
Types
- Whey Protein Concentrates
- Whey Protein Isolates
- Hydrolyzed Whey Proteins
- Sports and Performance Nutrition
- Infant Formulas
- Functional/Fortified Foods
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
- Carbery Group Ltd.
- FrieslandCampina
- Agropur MSI, LLC
- Arla Foods
- Glanbia Nutritionals (NA), Inc.
Key players competing in the whey protein market are Carbery Group Ltd.; FrieslandCampina; Agropur MSI, LLC; Arla Foods; and Glanbia Nutritionals (NA), Inc.
Companies are engaging in partnerships with industry players to improve their product line and leverage their market position.
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