Whey Protein Market Size And Forecast
Whey ProteinMarket was valued at USD 9.54 Billion in 2020 and is projected to reach USD 20.01 Billion by2028, growing at a CAGR of 9.7 % from 2021 to 2028.
Thegrowing trend of the adoption of whey protein among people and the increasingpopularity of whey protein consumption especially for mass gain, weight loss,and strength gain in various countries globally are expected to drive the wheyprotein market over the predicted years. The Global Whey Protein Market reportprovides a holistic evaluation of the market. The report offers a comprehensiveanalysis of key segments, trends, drivers, restraints, competitive landscape,and factors that are playing a substantial role in the market.
GlobalWhey Protein Market Definition
Whey proteinsare isolates from whey, that is, the liquid formed as a by-product duringcheese production. Whey is full of protein and hence it is used as dietary supplements.Whey protein consists of essential amino acids and branched-chain amino acids.These acids are absorbed by the body faster as compared to others. This proteinintake provides some advantages such as it helps in muscle recovery, helps inlosing unnecessary body fat, gets muscle, and provides overall wellbeing. Wheyprotein also finds applications in bakery products and confectionary, infantformula, and medical products. Types of whey proteins include whey proteinconcentrate, whey protein isolate, and whey protein hydrolysates. Based on theapplication, the market is classified into Personal care, Nutrition Products,Food & Beverages, Feed Applications, and Others.
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GlobalWhey Protein Market Overview
The growingtrend of the adoption of whey protein among people and the increasingpopularity of whey protein consumption especially for mass gain, weight loss,and strength gain in various countries globally are expected to drive the wheyprotein market over the predicted years. Also, the rising incidences of chronicillnesses due to changing lifestyles, particularly among the millennialpopulation expect a boost to the market in the coming years. Additionally, anupsurge in the demand for sports nutritional supplements and increasing healthconsciousness are predicted to fuel the market during the forecasted period.
There arecertain restraints and challenges faced which can hinder the market growth.Factors such as allergic reactions, digestive issues, and effects on the kidneydue to prolonged usage are likely to act as market restraints.
GlobalWhey Protein Market Segmentation Analysis
The Global WheyProtein Market is Segmented on the basis of Type, Application, And Geography.
WheyProtein Market, By Type
• Whey ProteinConcentrate
• Whey Protein Isolate
• Hydrolyzed Whey Protein
Based on theType, the market is bifurcated into Whey Protein Concentrate, Whey ProteinIsolate, and Hydrolyzed Whey Protein. The segment is expected to hold thelargest market share. The factors can be attributed to its usage in themanufacturing of dairy desserts, beverages, and yogurt products. They are alsoemployed as a source of protein fortification for infant food and nutritionalproducts.
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WheyProtein Market, By Application
• Personal care
• Nutrition Products
• Food and Beverages
• Feed Applications
• Others
Based on theApplication, the market is bifurcated into Personal care, Nutrition Products,Food & Beverages, Feed Applications, and Others. The Food & Beveragessegment is anticipated to have the highest CAGR in the forecasted period. Theproduct is preferred for bakery and confectionery products due to its abilityto emulsify, brown, foam, and thicken products. These ingredients also increasethe solubility, nutritional fortification, gelation, and water-bindingproperties of bakery and confectionery products.
WheyProtein Market, By Geography
• North America
• Europe
• Asia Pacific
• Rest of the world
Based onregional analysis, the Global Whey Protein Market is classified into NorthAmerica, Europe, Asia Pacific, and the Rest of the world. The largest share inthe market will be dominated by North America owing to high disposable income,the growing use of food supplements with reduced calorie levels and highnutritional content, and increased obesity levels in this region.
KeyPlayers In Whey Protein Market
The “Global WheyProtein Market” study report will provide a valuable insight with an emphasison the global market including some of the major players such as Davisco Foods International Inc.,Hilmar Cheese Company, Fonterra Cooperative Group Ltd., Maple Island Inc.,Wheyco Gmbh, Glanbia, Milkaut SA, Saputo Inc., Alpavit, and Milk SpecialityGlobals.
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