India Whey protein Market Analysis, Growth & Forecast [2031]

Segments - India Whey protein Market by Product Types (Whey Protein Isolation, Whey Protein Concentration, Hydrolyzed Whey Protein), Application (Instant Formulae, Functional/Fortified Food, and Sports & Performance Nutrition) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

India Whey protein Market Outlook 2031:

The India whey protein market size was valued at USD 86.95 Million in 2022 and is projected to reach USD 141.50 Million by 2031, expanding at a CAGR of 5.56% during the forecast period 2023 - 2031. Growth of the market is attributed to the increase in trend of fitness center, health club, adoption of protein rich diet, and increasing population.

A whey protein is made up from whey. It is a byproduct of cheese. The proteins contain immunoglobulin, serum albumin, β-lacto globulin, and α-lactalbumin. Protein is majorly used as a dietary supplement and sold in powder form to add into beverages

India is among one of the nation which is developing at a rapid pace on every day basis, from the last decade the food industry of India has increased by three folds and is expected to keep on increasing for the next ten 10 years.

The Covid-19 pandemic affected the demand and supply of India whey protein market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

India Whey protein Market Trends, Drivers, Restraints, and Opportunities

Growing concern about healthy lifestyle among the growing population is projected to boost the market during the forecast period.
Increasing number of chronic illness due to change in life style among people is the major factor fueling the market.
Rising fitness trends and bodybuilding curiosity among the millennial are major factors in boosting the market during the projected period.
Increase in number of people who have milk allergy, prefer other type of protein is anticipated to restrict the market growth.
Lack of awareness about whey protein possesses a main challenge that can hamper the market expansion during the forecast period.
R&D investment and technological advancement by the whey protein ingredients company is anticipated to offer lucrative opportunities for the key market players.

Scope of the India Whey protein Market Report

The report on the India 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	India whey protein market – Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Product Types (Whey Protein Isolation, Whey Protein Concentration, Hydrolyzed Whey Protein), Application (Instant Formulae, Functional/Fortified Food, and Sports & Performance Nutrition)
Country	India
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Arla Foods AMBA; Agropur US; LACTALIS Ingredients; Glanbia PLC; Fonterra Co-operative Group.

India Whey protein Market Segment Insights

The whey protein concentration segment is expected to constitute key share of the market

In terms of product types, the market is fragmented into whey protein isolation, whey protein concentration, and hydrolyzed whey protein. The whey protein concentration segment is expected to constitute a key share of the market in the coming years owing to easily digestible, improves performance, increase muscle mass, and reducing tissue damage.

However, the whey protein isolation segment is anticipated to expand at a significant pace during the forecast period owing to efficiency in processing and can be used in wide variety of application.

India Whey protein Market Products Types

The sports and performance nutrition is projected to hold a major share market

Based on applications, the market is segregated into instant formulae, functional/fortified food, and sports & performance nutrition. The sports & performance nutrition segment is expected to represent key share of the market during the forecast period owing to rising health consciousness and curiosity towards sports and fitness activities among population.

On the other hand functional/fortified food segment is estimated to grow at rapid pace due to demand for nutritional value based food in India increased rapidly as compared to other nations.

Segments

India whey protein market has been segmented on the basis of

Product Types

Whey Protein Isolation
Whey Protein Concentration
Hydrolyzed Whey Protein

Applications

Instant Formulae
Functional/Fortified Food
Sports and Performance Nutrition

Country

India

Key Players

Arla Foods AMBA
Agropur US
LACTALIS Ingredients
Glanbia PLC
Fonterra Co-operative Group

Competitive Landscape

Key players competing in the whey protein market include Arla Foods AMBA; Agropur US; LACTALIS Ingredients; Glanbia PLC; Fonterra Co-operative Group.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.. For instance

In January 2021, Fonterra Co-operative Group and DSM teamed up together with an intention of reducing carbon foot print or green house gas emission (CHG) in New Zealand.

In September 2021, LACTALIS Ingredients launches new range of milk powder with a new whole organic milk powder.

India Whey protein Market Key Players

Table Of Content

1. Executive Summary
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 (000â€™ 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 Isolation
     5.3.2. Whey Protein Concentration
     5.3.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     6.3.2. Functional/Fortified Food
     6.3.3. Sports & Performance Nutrition
  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 Isolation
     8.4.2. Whey Protein Concentration
     8.4.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     8.7.2. Functional/Fortified Food
     8.7.3. Sports & Performance Nutrition
  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 Isolation
     9.4.2. Whey Protein Concentration
     9.4.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     9.7.2. Functional/Fortified Food
     9.7.3. Sports & Performance Nutrition
  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 Isolation
     10.4.2. Whey Protein Concentration
     10.4.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     10.7.2. Functional/Fortified Food
     10.7.3. Sports & Performance Nutrition
  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 Isolation
     11.4.2. Whey Protein Concentration
     11.4.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     11.7.2. Functional/Fortified Food
     11.7.3. Sports & Performance Nutrition
  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 Isolation
     12.4.2. Whey Protein Concentration
     12.4.3. Hydrolyzed Whey Protein
  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. Instant Formulae
     12.7.2. Functional/Fortified Food
     12.7.3. Sports & Performance Nutrition
  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. Arla Foods AMBA
     13.4.2. Agropur US
     13.4.3. LACTALIS Ingredients
     13.4.4. Glanbia PLC
     13.4.5. Fonterra Co-operative Group