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
Global Whey ProteinMarket Analysis and Forecast, By Types
Global Whey ProteinMarket Analysis and Forecast, By Region
Report Description:
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)
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