Whey Protein Market
Whey Protein Market - Global Industry Assessment & Forecast
- By Form Powder, Liquid
- By Nature Organic, Conventional
- By Grade Food Grade, Pharma Grade, Feed Grade
- By End Use Infant Formula and Baby Foods, Dietary Supplements, Food Processing, Sports Nutrition, Beverages, Others
- By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
|Forecast Years:||2022 - 2028|
|Historical Years:||2016 - 2021|
|Revenue 2021:||USD 9.7 Billion|
|Revenue 2028:||USD 16.4 Billion|
|Revenue CAGR (2022 - 2028):||9.2%|
|Fastest Growing Region (2022 - 2028)||Asia Pacific|
|Largest Region (2021):||North America|
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
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Global Whey Protein Market
Whey Protein Market- By Form, Grade, End Use, and Region.
The Global Whey Protein Market is valued at USD 9.7 Billion in the year 2021 and is anticipated to reach a value of USD 16.4 Billion by the year 2028. The Global Market is projected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.2% over the forecast period.
Whey Protein Market Size, 2021 To 2028 (USD Billion)
The watery component of milk that separates from the curds during the cheesemaking process is used to make whey protein. It's frequently used as a protein source. Whey Protein has been shown to improve dietary nutritional content as well as immune system performance. Whey Protein is frequently utilized to boost strength and athletic performance. Whey Protein is used to treat a range of diseases, including asthma, diabetes, and weight loss. The increased frequency of chronic illnesses as a result of changing lifestyles, particularly among the millennial population, is one of the key causes driving the adoption of protein-rich diets, which is predicted to boost demand for whey protein.
Manufacturers of sports nutritional supplements prefer the product because of its wide availability, rich amino profile, and ease of digestion. As a result, as demand for sports nutritional supplements develops, producers should expect prosperous prospects in the next years. Additionally, food fortification is the process of adding beneficial ingredients to a product in order to improve its functionality. Companies can improve food quality and address significant mineral and vitamin deficits in consumers through fortification. The rising demand for fortified and standardized foods and beverages is expected to boost the market for Whey Protein isolate.
Because of its skin-hydrating and hair-conditioning characteristics, the substance is widely used in the formulation of personal care products such as hair care and skin care. The favorable outlook of the global beauty and personal care market, owing to an increase in the number of working women and increased e-commerce penetration, is likely to favor product penetration in the personal care application area.
However, because it is made from milk, persons who are allergic to milk are likely to be allergic to this product as well. Alpha-lactalbumin and beta-lactoglobulin are the main allergens in whey. People who are allergic to milk often prefer other protein types, which limits the product's penetration.
The Whey Protein Market is segmented on the basis of Form, Grade, and End-use. On the basis of Form, the market is segmented into Powder, Liquid, Nature, Organic, and Conventional. On the basis of End-use, the market is segmented into Infant formula and Baby Foods, Dietary supplements, Food Processing, Sports Nutrition, Beverages, and Others. On the basis of Grade, the market is segmented into Food Grade, Pharma Grade, and Feed Grade.
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Based on Form:
On the basis of Form, the market is segmented into Powder, Liquid, Nature, Organic, and Conventional. The powder segment accounted for the largest share of the Global Whey Protein powder market in 2021, and it is expected to grow at a quicker Compound Annual Growth Rate (CAGR) during the forecast period. Whey Protein powder is made by drying Whey Protein and filtering milk. The amino acid content is micro-filtered to guarantee that it is as pure and strong as possible. It retains its silky-smooth texture when blended with milk or water. It contains 80% protein and only a small amount of carbohydrates and fats. Because of its low carbohydrate and fat content, Whey Protein concentrate powder can be utilized as a regular or mass gain diet.
Based on End Use:
On the basis of End-use, the market is segmented into Infant formula and Baby Foods, Dietary supplements, Food Processing, Sports Nutrition, Beverages, and Others. The Food Processing & Beverages industry is predicted to have the highest Compound Annual Growth Rate (CAGR) in the near future. It is excellent for bread and confectionery products because of its ability to emulsify, brown, froth, and thicken foods. These chemicals also improve the solubility, nutritional fortification, gelation, and water-binding capacities of bread and confectionary foods.
North America is projected to acquire the largest market share during the year 2021
North America is projected to acquire the largest market share during the year 2021 with a share of 39.5%. The region's population is getting more obese and suffering from lifestyle-related ailments as a result of their dietary habits, high disposable income, and access to a variety of processed and ready-to-eat foods that are not necessarily good for consumer health. Food's 'transitioning face' has evolved into functional foods and supplements that, in addition to basic nourishment, can deliver a variety of health benefits. Because of the rising usage of dietary supplements with low calorie levels and high nutritious value, North America is expected to expand steadily. Furthermore, new product releases in Mexico and Canada are likely to increase awareness about supplement usage, hence expanding the application scope of Whey Protein components in the area over the projection period.
Key players operating in the Global Whey Protein Market include Hilmar Cheese Company, Glanbia Foods Inc., Arla Food Ingredients Group, Leprino Foods, Grande Cheese Company, Davisco Foods International, Agropur Inc., Havero Hoogwegt B.V., Fonterra Co-Operative Group, Lactilas International, Westland Milk Products, Carbery Group, AMCO Proteins, Milk Specialities Global, Prinova Group LLC and others.
Segmentation of the Global Whey Protein Market:
|Regions & Countries Covered||
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis|
Frequently Asked Question
The global Whey Protein valued at USD 9.7 Billion in 2020 and is expected to reach USD 16.4 Billion in 2028 growing at a CAGR of 9.2%.
The prominent players in the market are Hilmar Cheese Company, Glanbia Foods Inc., Arla Food Ingredients Group, Leprino Foods, Grande Cheese Company, Davisco Foods International, Agropur Inc., Havero Hoogwegt B.V., Fonterra Co-Operative Group, Lactilas International, Westland Milk Products, Carbery Group, AMCO Proteins, Milk Specialities Global, Prinova Group LLC.
The market is project to grow at a CAGR of 9.2% between 2021 and 2028.
The driving factors of the Whey Protein include
- Rising incidences of chronic illnesses due to changing lifestyles, particularly among the millennial population
North America was the leading regional segment of the Whey Protein in 2020.