Whey Protein Ingredients: Global Strategic Business Report

Report
262 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 1244815

Global Whey Protein Ingredients Market to Reach $17.5 Billion by 2030

The global market for Whey Protein Ingredients estimated at US$10.2 Billion in the year 2022, is projected to reach a revised size of US$17.5 Billion by 2030, growing at a CAGR of 7% over the analysis period 2022-2030. Whey Protein Concentrates, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$8.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Whey Protein Hydrolysates segment is readjusted to a revised 7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 11.2% CAGR

The Whey Protein Ingredients market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.4 Billion by the year 2030.

Select Competitors (Total 19 Featured) -

Arla Foods Ingredients Group P/S
Carbery Food Ingredients
Cargill Inc.
Dairy Farmers of America Inc.
Davisco Foods International Inc.
Foremost Farms USA
Glanbia Plc
Grande Custom Ingredients Group
Hilmar Cheese Company
MG Nutritionals
Royal FrieslandCampina
Valio Ltd.
Volac International Ltd.

What's New?

Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
Global competitiveness and key competitor percentage market shares
Market presence across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and Research Platform
Complimentary updates for one year

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Influencer Market Insights
World Market Trajectories
Whey Protein Ingredients: The Most Sought After Ingredient in Functional Foods and Sports Nutrition Products
Recent Market Activity
Whey Protein Offer Nutritional Benefits in Exercise Recovery, Weight Management, Healthy Aging, and Overall Wellness
Whey Protein for All Ages
Myriad Health and Wellness Benefits of Proteins Drive Widespread Consumption of Whey Protein Ingredients
Protein Retains Position as Undisputed Leader in the Ingredients Market
Whey Protein Ingredients Rides on Protein Popularity
Whey Proteins: Past, Present, and Future Insights
Future Developments in the Whey Market
Global Market Outlook
Emerging Countries Continue to Offer Huge Market Growth Potential
Whey Protein Ingredients - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Arla Foods Ingredients Group P/S (Denmark)
Amco Proteins (USA)
Carbery Food Ingredients (Ireland)
Cargill, Inc. (USA)
Dairy Farmers of America, Inc. (USA)
Darigold, Inc. (USA)
Davisco Foods International, Inc. (USA)
Davisco Foods International, Inc. (USA)
Davisco Foods International, Inc. (USA)
Fonterra Co-Operative Group Limited (New Zealand)
Foremost Farms USA (USA)
Foremost Farms USA (USA)
Glanbia Foods, Inc. (USA)
Glanbia Foods, Inc. (USA)
Glanbia Foods, Inc. (USA)
Hilmar Cheese Company (USA)
Hilmar Ingredients (USA)
Lactalis Ingredients (France)
Leprino Foods Company (USA)
Leprino Foods Company (USA)
Meiji Holdings Co., Ltd. (Japan)
MG Nutritionals (China)
MG Nutritionals (China)
Royal FrieslandCampina (Netherlands)
DMV International BV (Netherlands)
Saputo Inc. (USA)
Saputo Inc. (USA)
Uniq Bioresearch Ltd. (Finland)
Unternehmensgruppe Theo Müller S.e.c.s (Luxembourg)
Valio Ltd. (Finland)
Volac International Ltd. (UK)

3. MARKET TRENDS & DRIVERS

Ubiquity of Whey Proteins in Clean Eating and Good Nutrition Drive Healthy Market Growth
Whey Protein Transform from a Niche to a Mainstream Status
Dairy Replacements: Almond Milk Emerge as the Dominant Dairy Alternative
Dominant Dairy Alternative
Elimination of Trans-fats from Products Lead to Change in Food Formulations, Augurs Well for the Market
Nutrition as an Essential Building Block for Performance Improvement Drive Robust Demand in Sports Nutrition Products
Customized Protein Delivery
Growing Applications in Food Fortification and Clinical Nutrition Products Boosts Demineralized Whey Powder Consumption
Clinical Nutrition Products: A High Potential Segment
Infant Formula and Nutritional Supplements Drive Healthy Growth in Demand for Protein Hydrolysate Ingredients
Steady Demand for Milk Protein Hydrolysates
Rising Use in Nutrient Powders, Supplements, and Powered Baby Foods
Infant Formula to Present Huge Opportunities for Protein Hydrolysate Ingredients
Traditional Revenue Contributors Making Way for Asian Super Powers
Ingestion of Whey Protein in Fighting ‘Sarcopenia’Boosts Demand from the Expanding Aging Demography
Demographic Statistics of the Global Aging Populace: Unfurling the Market Potential
Whey Protein as an Effective Ingredient for Diabetes Cure Lends Traction to Market Growth
Alarming Levels of Diabetes Incidence Worldwide: An Important Opportunity Indicator
Growing Demand for Functional Foods & Beverages Augurs Well for Market Expansion
High Protein: The Latest Trend in Functional Foods
Dairy Ingredients as a High Quality Source of Protein Drive Market Adoption
Favorable Research for Further Fractionation of Whey to Create New Business Opportunities
Whey Protein Innovations and Advancements: Spearheading Growth
Tricellar Whey™: Lending Helping Hand to Superior Muscle Gain
Whey Protein Weaving Silk Alternate
Surplus Whey Find Better Applications
Demand for Protein Fortified Products beyond Traditional Customers
High Concentrate Whey Proteins Gain Popularity
Nano Whey Proteins: Opportunities in Beverage Formulations
Focus on Preventive Healthcare Fuels Demand for Whey Protein Fortified Products
Increasing Obesity Levels Drive Consumption of Healthy and Whey Protein Rich Diets for Weight Management
Favorable Demographic and Economic Trends Strengthen Market Prospects
Expanding Population
Exponential Increase in Urban Population
Increasing Affluence of the Ballooning Middle Class Population
Will Plant-based Protein Replace Dairy-Based Whey Protein in the Long Term?
Whey Protein Powders from Organic Farms to the Rescue

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Recent Past, Current & Future Analysis for Whey Protein Ingredients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 2: World Historic Review for Whey Protein Ingredients by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 3: World 18-Year Perspective for Whey Protein Ingredients by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2023 & 2030
Table 4: World Recent Past, Current & Future Analysis for Whey Protein Concentrates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 5: World Historic Review for Whey Protein Concentrates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 6: World 18-Year Perspective for Whey Protein Concentrates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 7: World Recent Past, Current & Future Analysis for Whey Protein Hydrolysates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 8: World Historic Review for Whey Protein Hydrolysates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 9: World 18-Year Perspective for Whey Protein Hydrolysates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 10: World Recent Past, Current & Future Analysis for Whey Protein Isolates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 11: World Historic Review for Whey Protein Isolates by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 12: World 18-Year Perspective for Whey Protein Isolates by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 13: World Recent Past, Current & Future Analysis for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 14: World Historic Review for Food & Beverages by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 15: World 18-Year Perspective for Food & Beverages by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 16: World Recent Past, Current & Future Analysis for Nutritional Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 17: World Historic Review for Nutritional Supplements by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 18: World 18-Year Perspective for Nutritional Supplements by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 19: World Recent Past, Current & Future Analysis for Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 20: World Historic Review for Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 21: World 18-Year Perspective for Personal Care by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 22: World Recent Past, Current & Future Analysis for Animal Feed & Pet Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
Table 23: World Historic Review for Animal Feed & Pet Food by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2021 and % CAGR
Table 24: World 18-Year Perspective for Animal Feed & Pet Food by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2023 & 2030
Table 25: World Whey Protein Ingredients Market Analysis of Annual Sales in US$ Million for Years 2012 through 2030

III. MARKET ANALYSIS

UNITED STATES

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)

CANADA

JAPAN

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)

CHINA

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)

EUROPE

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)

FRANCE

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)

GERMANY

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)

ITALY

UNITED KINGDOM

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)

SPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)

AUSTRALIA

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)

INDIA

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)

SOUTH KOREAREST OF ASIA-PACIFIC

LATIN AMERICA

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)

ARGENTINABRAZILMEXICOREST OF LATIN AMERICA

MIDDLE EAST

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)

IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST

AFRICA

Whey Protein Ingredients Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)

IV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

Arla Foods Ingredients Group P/S
Carbery Food Ingredients
Cargill Inc.
Dairy Farmers of America Inc.
Davisco Foods International Inc.
Foremost Farms USA
Glanbia Plc
Grande Custom Ingredients Group
Hilmar Cheese Company
MG Nutritionals
Royal FrieslandCampina
Valio Ltd.
Volac International Ltd.

Table Information

Report Attribute	Details
No. of Pages	262
Published	April 2024
Forecast Period	2022 - 2030
Estimated Market Value ( USD ) in 2022	$ 10.2 Billion
Forecasted Market Value ( USD ) by 2030	$ 17.5 Billion
Compound Annual Growth Rate	7.0%
Regions Covered	Global

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Global Whey Protein Ingredients Market to Reach $17.5 Billion by 2030

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 11.2% CAGR

Select Competitors (Total 19 Featured) -

What's New?

Table of Contents

Companies Mentioned (Partial List)

Table Information

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