Whey Protein Market Share, Trends, Analysis Report By Applications (Animal Feed, Food & Beverages, Personal Care, Nutritional Supplements), By Type (Whey Protein Hydrolysates, Whey Protein Isolates, Whey Protein Concentrates), By Region and Forecasts, 2021-2028

  • Publish Date: Jun, 2021
  • Report ID: 419560
  • Category: Food & Beverages
  • Pages: 226
$4700

The whey protein market is expected to grow from USD 9.85 billion in 2020 to USD 18.05 billion by 2028, at a CAGR of 7.87% during the forecast period 2021-2028.

Whey proteins are divided from the whey; this means the liquid is produced as a by-product during cheese production. Whey is full of protein, and therefore it is utilized as dietary supplement. Whey protein consists of branched-chain amino acids and primary amino acids. These acids are consumed by the body faster as opposed to others. It gives various health advantages such as repairing muscle tissues, cholesterol levels, building muscles, promoting fat loss, reducing stress & inflammation, lowering blood pressure, preventing diseases, and improving overall well-being. Whey protein also notices applications in bakery products & confectionery, infant formula, and medical products.

The factors driving the market are the rising health awareness, rising WP application in the personal care industry, rising demand for dairy ingredients, increasing disposable income, high geriatric population, increased protein intake, and declining infant mortality rates. The factors restraining the market growth are excessive production costs, digestive issues, and general lack of knowledge and inaccessibility. The market growth challenges are stringent government regulations, certifications for production standards, and high production costs. The opportunities of the market growth are increasing awareness about the availability of healthy products.

This study delivers a comprehensive analysis of application, type and region. The application segment includes animal feed, food & beverages, personal care, and nutritional supplements. The food & beverages segment holds the largest market share because it is preferred for confectionery and bakery products due to its ability to brown, emulsify, foam, and thicken products. These ingredients also increase the nutritional fortification, solubility, gelation, and water-binding properties of bakery & confectionery products. The type segment includes whey protein hydrolysates, whey protein isolates, and whey protein concentrates. The whey protein concentrates hold the largest market share due to the development at a healthy growth rate. WPCs are a combination of whey proteins that reside solvable in the whey following the precipitation of casein on pH 4.6 & temperature 20°C. These concentrates are a different grouping of diverse dissimilar proteins and include minerals, lipids and lactose. WPCs are used in numerous applications, including beverages, yogurt, and dairy dessert products. Moreover, these concentrates are employed as a source of protein fortification for infant food and nutritional products.

The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.  North America region holds the largest market share because it has a significant population facing grown obesity levels & lifestyle-related diseases because of their high disposable income, dietary habits, and availability of several processed and ready-to-eat foods are not fundamentally good for consumer health. The 'transitioning face' of food has grown into functional foods & supplements, providing various health advantages beyond essential nutrition. The Asia-Pacific region is anticipated to grow due to the increasing domestic and export demand for dairy-based protein ingredients such as casein and whey. China is one of the greatest producers of dairy-based owing to the easy availability of raw materials. In addition to this, significant growth in the adoption of whey protein due to their offered advantages such as immune-boosting power and weight loss increases the market's growth.

Some key players operating in the whey protein marketWheyco GmbH,Davisco Foods International, Inc,Milkaut SA, Maple Island Inc, Hilmar Cheese Company, Inc,Saputo Inc, Fonterra Co-operative Group Ltd,Glanbiaplc,Leprino Foods Company,Carbery Group, Milk Specialties,Olam International,Alpavit,Arla Foods, LACTALIS Ingredients.

For this study, Fior Markets Research has segmented the global whey protein market report based on application, types,and region:

Global Whey ProteinMarket Analysis and Forecast, By Application

  • Animal Feed
  • Food & Beverages
  • Personal Care
  • Nutritional Supplements

Global Whey ProteinMarket Analysis and Forecast, By Types

  • Whey Protein Hydrolysates
  • Whey Protein Isolates
  • Whey Protein Concentrates

Global Whey ProteinMarket Analysis and Forecast, By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Sweden
    • Netherland
    • U.K.
    • Italy
    • Spain
    • Turkey
    • Switzerland
    • Belgium
    • Rest Of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest Of APAC
  • South America
    • Brazil
    • Argentina
    • Peru
    • Colombia
    • Rest Of South America
  • Middle East And Africa
    •  UAE
    •  Saudi Arabia
    •  Egypt
    •  Nigeria
    •  South Africa
    • Rest Of MEA

Report Description:

  • The study's base year has been considered 2020, the historic year 2018 and 2019; the forecast period is 2021 to 2028.
  • The study delivers a comprehensive analysis of the global whey protein market for all segments and regions.
  • The report offers an in-depth analysis of driving factors, opportunities, and restraints to gain fundamental insight into the whey protein market. The report emphasizes all the key trends that play a vital role in enlarging the market from 2021 to 2028.
  • Porter's Five Forces model is used to recognize the competitive scenario in the whey protein market. This report incorporates the industry analysis, which focuses on providing an extensive view of the whey protein market.
  • The study also includes attractiveness analysis of all segments and regions, which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunist for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the whey protein market and comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors based on our extensive secondary research, primary research, and in-house databases.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis ByApplication
          4.3.2. Market Attractiveness Analysis ByType
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Support for weight reduction in people with HIV
          5.2.2. Increases protein intake
          5.2.3. Rising prevalence of lifestyle diseases
          5.2.4.Growing health awareness among consumers
    5.3. Restraints
          5.3.1. High production cost
          5.3.2. Stringent government regulations
          5.3.3.The general lack of knowledge and inaccessibility
    5.4. Opportunities
          5.4.1. Rising awareness about the availability of healthy products
6. Global Market Analysis and Forecast, By Application
    6.1. Segment Overview
    6.2. Animal Feed
    6.3. Food & Beverages
    6.4.Personal Care
    6.5. Nutritional Supplements
7. Global Market Analysis and Forecast, By Type
    7.1. Segment Overview
    7.2. Whey Protein Hydrolysates
    7.3.Whey Protein Isolates
    7.4.Whey Protein Concentrates
8. Global Whey Protein Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2.North America
          8.2.1. US
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. UK
          8.3.2. Germany
          8.3.3. Italy
          8.3.4. Russia
          8.3.5. France
          8.3.6. Rest of Europe
    8.4. Asia-Pacific
          8.4.1. India
          8.4.2. Japan
          8.4.3. China
          8.4.4. Australia
          8.4.6. Rest of Asia-Pacific (APAC)
    8.5. Latin America
          8.5.1. Brazil
          8.5.2. Argentina
    8.6.Middle East & Africa
          8.6.1. Saudi Arabia
          8.6.2. U.A.E.
          8.6.3. South Africa
          8.6.4. Rest of Middle East and Africa (MEA)
9. Global Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in Global Whey Protein Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
10. Company Profiles
    10.1. Wheyco GmbH
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Product Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Davisco Foods International, Inc
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Product Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3.Milkaut SA
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Product Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Maple Island Inc
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Product Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5.Hilmar Cheese Company, Inc
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Product Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Saputo Inc
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Product Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Fonterra Co-operative Group Ltd
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Product Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8.Glanbia plc
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Product Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis
    10.9.Leprino Foods Company
          10.9.1. Business Overview
          10.9.2. Company Snapshot
          10.9.3. Company Market Share Analysis
          10.9.4. Company Product Portfolio
          10.9.5. Recent Developments
          10.9.6. SWOT Analysis
    10.10.Carbery Group
          10.10.1. Business Overview
          10.10.2. Company Snapshot
          10.10.3. Company Market Share Analysis
          10.10.4. Company Product Portfolio
          10.10.5. Recent Developments
          10.10.6. SWOT Analysis
    10.11.Milk Specialties
          10.11.1. Business Overview
          10.11.2. Company Snapshot
          10.11.3. Company Market Share Analysis
          10.11.4. Company Product Portfolio
          10.11.5. Recent Developments
          10.10.6. SWOT Analysis
    10.12. Olam International
          10.12.1. Business Overview
          10.12.2. Company Snapshot
          10.12.3. Company Market Share Analysis
          10.12.4. Company Product Portfolio
          10.12.5. Recent Developments
          10.12.6. SWOT Analysis
    10.13. Alpavit
          10.13.1. Business Overview
          10.13.2. Company Snapshot
          10.13.3. Company Market Share Analysis
          10.13.4. Company Product Portfolio
          10.13.5. Recent Developments
          10.13.6. SWOT Analysis
    10.14. Arla Foods
          10.14.1. Business Overview
          10.17.2. Company Snapshot
          10.14.3. Company Market Share Analysis
          10.14.4. Company Product Portfolio
          10.14.5. Recent Developments
          10.14.6. SWOT Analysis
    10.15. LACTALIS Ingredients
          10.15.1. Business Overview
          10.15.2. Company Snapshot
          10.15.3. Company Market Share Analysis
          10.15.4. Company Product Portfolio
          10.15.5. Recent Developments
          10.15.6. SWOT Analysis

List of Table

1. Global Whey Protein Market, By Application, 2018-2028 (USD Billion)

2.  Global Animal Feed, Whey Protein Market, By Region, 2018-2028 (USD Billion)

3. Global Food & Beverages, Whey Protein Market, By Region, 2018-2028 (USD Billion)

4.  Global Personal Care, Whey Protein Market, By Region, 2018-2028 (USD Billion)

5.  Global Nutritional Supplements, Whey Protein Market, By Region, 2018-2028 (USD Billion)

6.  Global Whey Protein Market, By Type, 2018-2028 (USD Billion)

7.  Global Whey Protein Hydrolysates, Whey Protein Market, By Region, 2018-2028 (USD Billion)

8.  Global Whey Protein Isolates, Whey Protein Market, By Region, 2018-2028 (USD Billion)

9.  Global Whey Protein Concentrates, Whey Protein Market, By Region, 2018-2028 (USD Billion)

10. North America Whey Protein Market, By Application, 2018-2028 (USD Billion)

11. North America Whey Protein Market, By Type, 2018-2028 (USD Billion)

12. U.S. Whey Protein Market, By Application, 2018-2028 (USD Billion)

13. U.S. Whey Protein Market, By Type, 2018-2028 (USD Billion)

14. Canada Whey Protein Market, By Application, 2018-2028 (USD Billion)

15. Canada Whey Protein Market, By Type, 2018-2028 (USD Billion)

16. Mexico Whey Protein Market, By Application, 2018-2028 (USD Billion)

17. Mexico Whey Protein Market, By Type, 2018-2028 (USD Billion)

18. Europe Whey Protein Market, By Application, 2018-2028 (USD Billion)

19. Europe Whey Protein Market, By Type, 2018-2028 (USD Billion)

20. U.K Whey Protein Market, By Application, 2018-2028 (USD Billion)

21. U.K Whey Protein Market, By Type, 2018-2028 (USD Billion)

22. Germany Whey Protein Market, By Application, 2018-2028 (USD Billion)

23. Germany Whey Protein Market, By Type, 2018-2028 (USD Billion)

24. Italy Whey Protein Market, By Application, 2018-2028 (USD Billion)

25. Italy Whey Protein Market, By Type, 2018-2028 (USD Billion)

26. France Whey Protein Market, By Application, 2018-2028 (USD Billion)

27. France Whey Protein Market, By Type, 2018-2028 (USD Billion)

28. Russia Whey Protein Market, By Application, 2018-2028 (USD Billion)

29. Russia Whey Protein Market, By Type, 2018-2028 (USD Billion)

30. Spain Whey Protein Market, By Application, 2018-2028 (USD Billion)

31. Spain Whey Protein Market, By Type, 2018-2028 (USD Billion)

32. Asia-Pacific Whey Protein Market, By Application, 2018-2028 (USD Billion)

33. Asia-Pacific Whey Protein Market, By Type, 2018-2028 (USD Billion)

34. India Whey Protein Market, By Application, 2018-2028 (USD Billion)

35. India Whey Protein Market, By Type, 2018-2028 (USD Billion)

36. China Whey Protein Market, By Application, 2018-2028 (USD Billion)

37. China Whey Protein Market, By Type, 2018-2028 (USD Billion)

38. Australia Whey Protein Market, By Application, 2018-2028 (USD Billion)

39. Australia Whey Protein Market, By Type, 2018-2028 (USD Billion)

40. South Korea Whey Protein Market, By Application, 2018-2028 (USD Billion)

41. South Korea Whey Protein Market, By Type, 2018-2028 (USD Billion)

42. Latin America Whey Protein Market, By Application, 2018-2028 (USD Billion)

43. Latin America Whey Protein Market, By Type, 2018-2028 (USD Billion)

44. Brazil Whey Protein Market, By Application, 2018-2028 (USD Billion)

45. Brazil Whey Protein Market, By Type, 2018-2028 (USD Billion)

46. Argentina Whey Protein Market, By Application, 2018-2028 (USD Billion)

47. Argentina Whey Protein Market, By Type, 2018-2028 (USD Billion)

48. Middle East & Africa Whey Protein Market, By Application, 2018-2028 (USD Billion)

49. Middle East & Africa Whey Protein Market, By Type, 2018-2028 (USD Billion)

50. Saudi Arabia Whey Protein Market, By Application, 2018-2028 (USD Billion)

51. Saudi Arabia Whey Protein Market, By Type, 2018-2028 (USD Billion)

52. UAE Whey Protein Market, By Application, 2018-2028 (USD Billion)

53. UAE Whey Protein Market, By Type, 2018-2028 (USD Billion)

54. South Africa Whey Protein Market, By Application, 2018-2028 (USD Billion)

55. South Africa Whey Protein Market, By Type, 2018-2028 (USD Billion)

List of Figures

1. Global Whey Protein Market Segmentation

2. Global Whey Protein Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis

7. Value Chain Analysis

8. Global Whey Protein Market Attractiveness Analysis By Application

9. Global Whey Protein Market Attractiveness Analysis ByType

10. Global Whey ProteinMarket Attractiveness Analysis By Region

11. Global Whey Protein Market: Dynamics

12. Global Whey Protein Market Share By Application (2021 & 2028)

13. Global Whey Protein Market Share ByType (2021 & 2028)

14. Global Whey Protein Market Share By Region (2021 & 2028)

15. Global Whey Protein Market Share By Company (2020)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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