Israel’s dairy industry is one of the most important aspects of the development of the agriculture industry. Dairy farming in Israel has been modernized into an industrialized system which creates an optimal integration of milk production, production technologies, and the production derivatives from milk. Over these years, Israel has already proven its capability to produce more milk with fewer dairy cows which has improved the economic performance of both farms and the dairy industry. The high milk production in the country has led to an increased supply of whey protein. The market is forecasted to grow at a CAGR of 8.5% to reach $202.4 million by 2026.
The demand for whey protein is growing due to the rising demand for dietary proteins, growing consumer awareness about the health benefits of whey proteins, and the dietary shift of the young population towards protein-rich products. The expanding demand for products easy on digestion and rich in protein from the older population to maintain muscle mass is driving the whey protein market. In addition, there is a growing opportunity for whey protein in health and wellness food and beverage items. The market has seen an increased supply of whey-based confectionary and bakery products such as desserts, ice cream, milk, and pastry.
In Israel, the market share of whey protein across dietary supplements is highest, followed by its application across the food and beverage industry. The dietary supplement industry represented around $49.0 million in 2020, and in the next five years, it is forecasted to grow at a CAGR of 9.3%. The whey protein application in the beverage industry represents the highest CAGR of 9.3% by 2026. The sports industry is maintaining the highest demand for whey products, and an increasing number of dairy producers are exploring different ways to tap a wider consumer base. Similarly, due to the increasing usage of whey protein across the food industry, the market revenue of whey application in the food industry is estimated to grow at a CAGR of 8.1% by 2026. Major players in the market are focused on reducing production costs and maintaining quality control systems to get wider consumer acceptance.
The demand for whey protein is growing due to the rising demand for dietary proteins, growing consumer awareness about the health benefits of whey proteins, and the dietary shift of the young population towards protein-rich products. The expanding demand for products easy on digestion and rich in protein from the older population to maintain muscle mass is driving the whey protein market. In addition, there is a growing opportunity for whey protein in health and wellness food and beverage items. The market has seen an increased supply of whey-based confectionary and bakery products such as desserts, ice cream, milk, and pastry.
In Israel, the market share of whey protein across dietary supplements is highest, followed by its application across the food and beverage industry. The dietary supplement industry represented around $49.0 million in 2020, and in the next five years, it is forecasted to grow at a CAGR of 9.3%. The whey protein application in the beverage industry represents the highest CAGR of 9.3% by 2026. The sports industry is maintaining the highest demand for whey products, and an increasing number of dairy producers are exploring different ways to tap a wider consumer base. Similarly, due to the increasing usage of whey protein across the food industry, the market revenue of whey application in the food industry is estimated to grow at a CAGR of 8.1% by 2026. Major players in the market are focused on reducing production costs and maintaining quality control systems to get wider consumer acceptance.
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
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- Agropur MSI, LLC
- Arla Foods
- Carbery Group
- Champignon-Hofmeister Group
- DMK group
- FriesiandCampina Ingredients
- Glanbia Plc
- Hilmar Cheese Company Inc
- Lactalis Ingredients
- Land O'Lakes Inc
- Leprino Foods Co
- Milk Specialties Global
- Meggle Group
- Saputo Ingredients
- Fonterra Co-operative Group
- Volac.
