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
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Details
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Report Title
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Whey protein Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Whey Protein Concentrates, Whey Protein Isolates, and Hydrolyzed Whey Proteins) and Applications (Sports and Performance Nutrition, Infant Formulas, and Functional/Fortified Foods)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Carbery Group Ltd.; FrieslandCampina; Agropur MSI, LLC; Arla Foods; and Glanbia Nutritionals (NA), Inc.
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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
The global whey protein market has been segmented on the basis of
Types
- Whey Protein Concentrates
- Whey Protein Isolates
- Hydrolyzed Whey Proteins
Applications
- Sports and Performance Nutrition
- Infant Formulas
- Functional/Fortified Foods
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- 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.
