Whey Protein Market
Whey Protein Market - Global Industry Assessment & Forecast
Segments Covered
- 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
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 9.81 Billion |
Revenue 2030: | USD 19.54 Billion |
Revenue CAGR (2023 - 2030): | 9.00% |
Fastest Growing Region (2023 - 2030) | Asia Pacific |
Largest Region (2022): | North America |
Customization Offered
- 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
- Production Analysis
- Others Request Customization Speak To Analyst
Research Methodology: Whey Protein Market by Form by Nature by Grade by End Use by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The next stage involves the primary research conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills the following data requirements:
- First-hand information global market size, regional and segmental trends, competitive landscape
- Validate and authorization of secondary research outcomes and findings
- Further data collection and expertise development & market understandings
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Whey Protein market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market.
FAQ
Frequently Asked Question
What is the global demand for Whey Protein in terms of revenue?
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The global Whey Protein valued at USD 9.81 Billion in 2022 and is expected to reach USD 19.54 Billion in 2030 growing at a CAGR of 9.00%.
Which are the prominent players in the market?
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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.
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 9.00% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
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The driving factors of the Whey Protein include
- Rising incidences of chronic illnesses due to changing lifestyles, particularly among the millennial population
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Whey Protein in 2022.