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Whey Protein Ingredients: Global Strategic Business Report

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    Report

  • 262 Pages
  • February 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

Frequently Asked Questions about the Global Market for Whey Protein Ingredients

What is the estimated value of the Global Market for Whey Protein Ingredients?

The Global Market for Whey Protein Ingredients was estimated to be valued at $10.2 Billion in 2022.

What is the growth rate of the Global Market for Whey Protein Ingredients?

The growth rate of the Global Market for Whey Protein Ingredients is 7.0%, with an estimated value of $17.5 Billion by 2030.

What is the forecasted size of the Global Market for Whey Protein Ingredients?

The Global Market for Whey Protein Ingredients is estimated to be worth $17.5 Billion by 2030.

Who are the key companies in the Global Market for Whey Protein Ingredients?

Key companies in the Global Market for Whey Protein Ingredients include 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 and MG Nutritionals.

Table of Contents

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

A selection of companies mentioned in this report includes:

  • 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.