Market Outlook
The author, in its research report, estimates the global whey protein ingredients market to proliferate with a CAGR of 11.51% by revenue and 5.76% by volume, in the forecast years 2019-2027.
Whey protein is an essential protein found in dairy products, that is formed as a byproduct during the cheese-manufacturing process. It is used a food supplement and also for improving athletic performance. The rising trends of health & wellness products and the growing awareness regarding whey protein ingredients drive the growth of the global whey protein ingredients market. Health, wellness and sustainability have started to converge at the most progressive food retail & food service outlets. Progressive health & wellness consumers see this convergence as being all about mindfulness, integrity and authenticity. Consumers are seeking alternatives that have been driving wellness trends.
However, factors such as the highly fragmented nature of the industry, fluctuations in prices of raw materials and the high manufacturing costs are impeding the market growth. Opportunities like the growth of packaged & specialty food, demand for high-quality protein supplements and the rise in health-conscious consumers will help in leveraging the growth of the market over the forecasted period. Challenges such as health-related problems caused by whey protein ingredients and increasing incidences of diseases from farm animals considerably hamper the growth of the market.
Regional Outlook
The global whey protein ingredients market covers the regions of North America, the Asia-Pacific, Europe, Latin America and the Middle East and Africa.
Asia-Pacific is the fastest-growing market in terms of revenue, which can be attributed to its larger population and the spiking demand for functional food & beverages in the region. Developing countries in Asia present the most lucrative markets owing to larger populations extensively employing whey protein ingredients in bodybuilding and also as nutritional supplements. There are market restraints in the region and one of that is an undefined regulatory guideline. The developing countries, in particular, the burgeoning middle-class of South Asian countries, are seeing stable birth rates, due to an increase in the working women population.
Competitive Outlook
The companies that have been mentioned in the whey protein ingredients market report are Saputo Ingredients, Westland Milk Products, Warrnambool Cheese and Butter Factory, Milk Specialties, MEGGLE Group, Leprino Foods, Co., American Dairy Products Institute, Agropur MSI, LLC, Grande Custom Ingredients, Erie Foods International, Inc., Omega Protein, Fonterra Co-Operative Group Limited, Arla Foods, Danone S.A. and Cargill, Incorporated.
Danone S.A. is a global food & beverage-manufacturing company. It has its operations in four major segments: EDP Noram, EDP International, Specialized Nutrition and Waters. Danone enjoys a leading market position that could help it to attract and serve a diverse customer base. The company is one of the leading producers of fresh dairy products, bottled water, early life nutrition and medical nutrition products. Danone puts a strong focus on its research & development activities. Innovation-based strategies enable the company to stay abreast of the changes in the industry and provide it with ‘first mover’ advantage by launching products ahead of the competition. The company has a strong distribution network, which helps it to gain operational synergies and serve its customers efficiently. A direct relation with clients also helps the company to gain regular feedback on their products, which in turn helps in developing new products catered to the changing consumer preferences.
The author, in its research report, estimates the global whey protein ingredients market to proliferate with a CAGR of 11.51% by revenue and 5.76% by volume, in the forecast years 2019-2027.
Whey protein is an essential protein found in dairy products, that is formed as a byproduct during the cheese-manufacturing process. It is used a food supplement and also for improving athletic performance. The rising trends of health & wellness products and the growing awareness regarding whey protein ingredients drive the growth of the global whey protein ingredients market. Health, wellness and sustainability have started to converge at the most progressive food retail & food service outlets. Progressive health & wellness consumers see this convergence as being all about mindfulness, integrity and authenticity. Consumers are seeking alternatives that have been driving wellness trends.
However, factors such as the highly fragmented nature of the industry, fluctuations in prices of raw materials and the high manufacturing costs are impeding the market growth. Opportunities like the growth of packaged & specialty food, demand for high-quality protein supplements and the rise in health-conscious consumers will help in leveraging the growth of the market over the forecasted period. Challenges such as health-related problems caused by whey protein ingredients and increasing incidences of diseases from farm animals considerably hamper the growth of the market.
Regional Outlook
The global whey protein ingredients market covers the regions of North America, the Asia-Pacific, Europe, Latin America and the Middle East and Africa.
Asia-Pacific is the fastest-growing market in terms of revenue, which can be attributed to its larger population and the spiking demand for functional food & beverages in the region. Developing countries in Asia present the most lucrative markets owing to larger populations extensively employing whey protein ingredients in bodybuilding and also as nutritional supplements. There are market restraints in the region and one of that is an undefined regulatory guideline. The developing countries, in particular, the burgeoning middle-class of South Asian countries, are seeing stable birth rates, due to an increase in the working women population.
Competitive Outlook
The companies that have been mentioned in the whey protein ingredients market report are Saputo Ingredients, Westland Milk Products, Warrnambool Cheese and Butter Factory, Milk Specialties, MEGGLE Group, Leprino Foods, Co., American Dairy Products Institute, Agropur MSI, LLC, Grande Custom Ingredients, Erie Foods International, Inc., Omega Protein, Fonterra Co-Operative Group Limited, Arla Foods, Danone S.A. and Cargill, Incorporated.
Danone S.A. is a global food & beverage-manufacturing company. It has its operations in four major segments: EDP Noram, EDP International, Specialized Nutrition and Waters. Danone enjoys a leading market position that could help it to attract and serve a diverse customer base. The company is one of the leading producers of fresh dairy products, bottled water, early life nutrition and medical nutrition products. Danone puts a strong focus on its research & development activities. Innovation-based strategies enable the company to stay abreast of the changes in the industry and provide it with ‘first mover’ advantage by launching products ahead of the competition. The company has a strong distribution network, which helps it to gain operational synergies and serve its customers efficiently. A direct relation with clients also helps the company to gain regular feedback on their products, which in turn helps in developing new products catered to the changing consumer preferences.
Table of Contents
1. Global Whey Protein Ingredients Market - Summary
2. Industry Outlook
3. Global Whey Protein Ingredients Market Outlook - By Type (In Terms Of Value: $ Million & In Terms Of Volume: Kilotons)
4. Global Whey Protein Ingredients Market Outlook - By End-User (In Terms Of Value: $ Million & In Terms Of Volume: Kilotons)
5. Global Whey Protein Ingredients Market Outlook - By Application (In Terms Of Value: $ Million & In Terms Of Volume: Kilotons)
6. Global Whey Protein Ingredients Market - Regional Outlook (In Terms Of Value: $ Million & In Terms Of Volume: Kilotons)
7. Company Analysis
8. Research Methodology & Scope
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Cargill, Incorporated
- Danone S.A.
- Arla Foods
- Fonterra Co-Operative Group Limited
- Omega Protein
- Erie Foods International, Inc.
- Grande Custom Ingredients
- Agropur Msi, LLC
- American Dairy Products Institute
- Leprino Foods, Co.
- Meggle Group
- Milk Specialties
- Warrnambool Cheese And Butter Factory
- Westland Milk Products
- Saputo Ingredients
Methodology
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