China Whey Protein Market - Research and Markets

China is one of the fastest-growing economies in the world, and given the size of the country and its population, there is still huge room for the country’s economic growth. The whey protein market has huge potential and wide application in China. At present, there is very less supply of local whey protein products in China; however, there is a huge demand for the whey-based product in the country. Due to the rapid development of China’s economy and higher requirement of nutritious food items and drinks, the demand for high value added whey products, especially baby formula, is ever increasing. The whey protein market revenue is estimated to be above $1,101.7 million in 2026 and is to grow at a CAGR of 9.8% during the forecast period.

With the increasing demand for whey protein-based nutrients in China, major global dairy producers have been keeping up their eyes on the market. Local players are focusing on increasing whey protein production output as they observe the increasing local application of whey in food and beverages. However, at present, the imports still account for the largest proportion of total domestic demand for whey products, with the North America and EU being leading suppliers.

Major drivers of the whey protein market in China are strong economic conditions, rising health consciousness, and urbanization. The expansion in the whey protein market is demand-driven from the young generation with a rising inclination towards an active and fit life. Moreover, consumer acceptance of whey protein in foods and sports drinks has surged the demand for whey. Rising demand for whey proteins from the infant formula industry is expected to maintain a steady growth rate. In addition, the government of China is spending a huge amount on research and development for the application of dairy products across the food, beverage, and supplement industry, which is expected to increase the growth of the whey protein industry in the coming years.

However, the high production cost of whey protein products is acting as a major restraint to the market. Less awareness among consumers is another factor slowing down the growth. Major international players are focused on developing the supply chain and garnering visibility of products in the retail space.

With strengthening economic conditions, the demand for high-quality dairy products has increased. The Chinese Government has laid a huge focus in changing the regulations related to the dairy industry in the last two years. The new regulations include stricter requirements for the processing of dairy, dairy farms, environment control, and technological standards, as well as the safety and quality of the products.

The application of whey protein in the dietary supplement industry is the highest and is estimated to grow at a CAGR of 10.4%. The food and beverage industry also represents major share of whey protein application. With a huge opportunity to develop products with whey content across sports, health care, and personal care industry, whey protein market in the food and beverage industry is expected to grow at a healthy rate.

Key Deliverables

Market trends since 2017 and five-year forecasts of market growth
Detailed analysis of the micro and macro elements influencing demand trends
Identifying opportunity spaces across segments
Supply & demand side trend and analysis
Price trend analysis, investment prospects, and competition pattern
Insights on the growth potential of the market
Detailed analysis of major producers covering financial investments & strategies adopted
Competitive landscape of the industry

1. Introduction

1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary

2.1 Market Summary by Type
2.2 Market Summary by Application

3. Industry Dynamics

3.1 Drivers
3.1.1 Increasing awareness about health benefits of diet supplements
3.1.2 Growing use of whey proteins in functional food and beverages industry
3.1.3 Increasing demand for dietary proteins
3.2 Restraints
3.2.1 High cost of ingredients and production
3.2.2 Growing vegan population & whey protein alternatives
3.2.3 Health & safety concerns and undefined regulations
3.3 Opportunities
3.3.1 Growing dietary supplement prescription
3.3.2 Surging demand for high-quality protein in food industry
3.3.3 Increasing use of protein products in the personal care industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Whey Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast

4.1 Market Share, Type
4.1.1 Whey Protein Concentrate (WPC)
4.1.2 Whey Protein Isolate (WPI)
4.1.3 Hydrolyzed Whey Protein (HWP)
4.1.4 Others
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Ion Exchange
4.2.3 Hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food
4.3.1.3 Infant Formula
4.3.1.2 Confectionary
4.3.1.3 Bakery
4.3.1.4 Snacks
4.3.1.5 Dairy Products
4.3.1.6 Meat Products
4.3.1.7 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Others

5. Competitive Analysis

5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Price Trend Analysis
5.4.1 Product Classifications and Their Prices
5.4.2 Factors Influencing Prices

6. Company Profiles

6.1 Agropur MSI, LLC
6.2 Arla Foods
6.3 Carbery Group
6.4 Champignon-Hofmeister Group
6.5 DMK group
6.6 FriesiandCampina Ingredients
6.7 Glanbia Plc
6.8 Hilmar Cheese Company Inc
6.9 Lactalis Ingredients
6.10 Land O'Lakes Inc
6.11 Leprino Foods Co
6.12 Milk Specialties Global
6.13 Meggle Group
6.14 Saputo Ingredients
6.15 Fonterra Co-operative Group
6.16 Volac

Appendix