Growing demand for sports nutrition, increasing consumption of protein formulation for infants, and rapidly growing food industry are key factors driving market revenue growth.
Market Size - USD 9,552.5 Million in 2020, Market Growth - CAGR of 9.4%, Market Trends - Rising investments in advancements in extraction and filtration techniques of whey protein.
The global whey protein market size is expected to reach USD 19.75 Billion in 2028, and register a CAGR of 9.4% during the forecast period. Increasing use of whey protein in the personal care industry, coupled with rising awareness regarding benefits of whey protein such as one of the useful and important protein sources for human health due to its bio-active components are major factors expected to drive revenue growth of the global whey protein market.
Market Size - USD 9,552.5 Million in 2020, Market Growth - CAGR of 9.4%, Market Trends - Rising investments in advancements in extraction and filtration techniques of whey protein.
The global whey protein market size is expected to reach USD 19.75 Billion in 2028, and register a CAGR of 9.4% during the forecast period. Increasing use of whey protein in the personal care industry, coupled with rising awareness regarding benefits of whey protein such as one of the useful and important protein sources for human health due to its bio-active components are major factors expected to drive revenue growth of the global whey protein market.
Some Key Findings From the Report:
- Among the product type segments, the whey protein concentrate segment accounted for the largest revenue share of 48.1% in the global whey protein market in 2020.
- North America market accounted for the largest revenue share in the global whey protein market in 2020, and is expected to continue with its dominance during the forecast period.
- The Asia Pacific market accounted for the second-largest revenue share in 2020, valued at USD 1,815.0 Million. This is due to rising number of health conscious people, and rising consumption of whey protein by gymnasts and individuals involved in other fitness activities in countries in the region.
- Key players profiled in the report include Hilmar Cheese Company, Davisco Food International Inc., Saputo Inc., Maple Island Inc., Alpavit, Milkaut SA, Wheyco GmBH, Fonterra Corporative Group Ltd., Glanbia, and Milk Specialities Global. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
For the purpose of this report, the global whey protein market is segmented on the basis of type, form, application, distribution channel, and region:
Type Outlook (Revenue, USD Million; 2018 - 2028)
- Whey Protein Concentrate
- Whey Protein Concentrate 35 (WPC 35)
- Whey Protein Concentrate 50-79 (WPC 50-79)
- Whey Protein Concentrate 80 (WPC 80)
- Whey Protein Isolate
- Hydrolyzed Whey Protein
- Demineralized Whey Protein
Form Outlook (Revenue, USD Million; 2018 - 2028)
- Dry
- Liquid
Distribution Channel Outlook (Revenue, USD Million; 2018 - 2028)
- Offline
- Hypermarkets and Supermarkets
- Drugstores and Pharmacies
- Specialty Stores
- Online
Application Outlook (Revenue, USD Million; 2018 - 2028)
- Food and Beverages
- Infant Formula
- Dairy Products
- Confectionery and Bakery Product
- Frozen Food
- Beverages
- Others
- Nutrition Products
- Dietary Supplements
- Sports Nutrition
- Others
- Personal care
- Pharmaceuticals
- Feed Applications
- Others
Region Outlook (Revenue, USD Million; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Whey Protein Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Whey Protein Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Whey protein Segmentation & Impact Analysis
Chapter 5. Whey protein Market by Type Insights & Trends
Chapter 6. Whey protein Market by Form Insights & Trends
Chapter 7. Whey protein Market by Distribution Channel Insights & Trends
Chapter 8. Whey protein Market by Application Insights & Trends
Chapter 9. Whey protein Market Regional Outlook
Chapter 10. Competitive Landscape
Chapter 11. Company Profiles
Companies Mentioned
- Hilmar cheese Company
- Davisco Food international Inc.
- Saputo Inc.
- Maple Island Inc.
- Alpavit
- Milkaut SA
- Wheyco GmBH
- Fonterra Corporative Group Ltd.
- Glanbia
- Milk Specialities Global.