Whey Protein Market | Size | Global Industry Demand | Growth | Pbigp

Whey Protein Market is Expected to Increase around US$ XX Mn by 2025, Due to Increased Demand for Dietary Supplements
Analyst Speak:

“The Whey Protein Market is anticipated to reach about US$ XX Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to the rise in demand for dairy products, growing concerns regarding fitness among consumers.

Precision Business Insights (PBI) in its report titled “Whey Protein Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The whey protein market size was accounted for US$ XX Mn in 2018 and anticipated to account for US$ XX Mn by 2025. The rise in demand for dairy products, growing concerns regarding fitness among consumers, increase in the market for paediatric foods are expected to boost the growth of global whey protein market.

Whey protein market segmented on the basis of application, type and regions.

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Whey Protein Isolate Segment Expected to Dominate the Market

On the basis of type, the market has been segmented into whey protein concentrates, isolate and hydrolysates. At present, whey protein isolate represents the most popular product type as it is one of the fast-absorbing sources of protein which assists in building lean muscles.

Pharmaceuticals and Nutritional Segment Will Dominate the Revenue Share.

Based on applications, the market has been classified as food and beverage, baby food, sports nutrition, pharmaceutical and clinical nutrition, animal feed and others. Amongst these, the pharmaceutical and clinical nutrition segment accounts for the majority of the market share due to increased advancement in technology.

North America, Accounts for Major Revenue Share for Whey Protein Market

Precision Business Insights (PBI), whey protein market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to rise in production of whey protein, increase in awareness of health concerns among the consumers and inclination towards the protein diet intake. Moreover, rapid growth in healthcare industries and growing health and fitness consciousness among people are vital driving forces of whey protein market in European countries. Furthermore, rise in per capita income, increase in awareness regarding protein-rich diet, an adaptation of nutritious dietary intake among the consumers, rise in inclination towards health and fitness activities and diet are the factors which are expected to propel the growth in Asia Pacific, especially in India, China, New Zealand, Korea and Australia.

Increased Production and Introduction of New Whey Protein Play Vital Role in Whey Protein Market

Introduction of new whey protein and increased production play an important role in the development of whey protein maket. For instance, in Feb 2017, Fonterra’s dairy ingredients business introduced new whey protein ingredient for sports nutrition. In January 2015, Davisco, Agropur Inc., business unit, increased production extension and capacity of Biozate product line, their hydrolyzed whey proteins products.

Key players in the market include Cargill Incorporation (U.S), Arla Foods (Denmark), Hilmar Cheese Company (U.S), Carbery food ingredients (Ireland), Fonterra Co-Operative Group Ltd (New Zealand), Glanbia plc (Ireland), Agropur (Canada), Dairy Farmers of America (U.S), Milk Specialities Global (U.S)and Maple Island Incorporation (U.S).

Detailed Segmentation

By Product Type

o Whey protein concentrate
o Hydrolysed whey protein
o Whey protein isolate

By Application

o Confectionary and bakery
o Nutraceuticals
o Dairy products
o Instant formula
o Dietary supplements

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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This release was published on openPR.