Whey Protein Ingredients Market Estimated to Reach USD 21,000 Million by 2026: Facts & Factors

The whey protein ingredients market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire whey protein ingredients market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilotons) and value (USD Million) from FY 2016 – 2026.

According to the Facts and Factors, Research Report, the global whey protein ingredients market in 2019 was above USD 8,000 million. The market is expected to grow above a CAGR of 9.2% and is anticipated to reach over USD 21,000 million by 2026.

The mixture of whey-isolated proteins is whey protein. In the production of cheese, the liquid material is produced as a by-product. The proteins are composed of β-lacto globulin, α-lactalbumin, immunoglobulin, and serum albumin. Whey protein is generally used as a dietary supplement and consumed globally and it has been attributed to various health claims. Many consumers are adopting whey protein as a reach source of proteins as compared to the other proteins like egg, soy, milk-based proteins, etc. Whey protein is used to enhance lipid profile glucose levels and the response of insulin, as a result, it promotes stiffness of arteries and blood pressure reduction. The protein concentration is regulated by adding the denatured powder to provide a balanced diet for infants. Whey protein ingredients also help to reduce hepatic cholesterol levels.

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The popularity of the whey protein supplement is growing day by day among the youngsters. In personal care, the demand for whey protein concentrate is increasing due to its characteristics such as it helps to improve immunity, mass gain, increase strength, and help in fat loss. Owing to the health benefits whey protein ingredients and increasing need for milk-based ingredients in hair and skin care cosmetics, and high availability of caseins may propel the whey protein ingredients market growth. The demand for whey protein ingredients is increasing as food additives from food processing industries. Whey protein is also consumed to increase muscle mass. Whey protein is also consumed by senior citizens in the form of protein shake. Additionally, innovations in production technologies are driving market growth. However, various types of diseases are found in animals which can affect the demand for milk products. Additionally, fluctuations in milk prices and undefined regulatory guidelines may hinder market growth. On the other hand, due to rapid economic growth in the emerging countries and increase per capita income, the market is expected to witness substantial growth during the future years. Moreover, increasing demand for whey protein ingredients as a wellness product may create lucrative opportunities in the market.

Top Market Players:

Top key players operating in the market are Hilmar Cheese Company, Arla Foods, Fonterra Co-Operative Group Ltd, Cargill Incorporation, Glanbia plc, Davisco Food International, Carberry food ingredients, Dairy Farmers of America, Maple Island Incorporation, and Milk Specialities Global, and others.

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By type segmentation, the whey protein concentrate category is expected to contribute the largest market share in the global whey protein ingredients market owing to increasing consumption of the whey protein concentrate as a protein supplement.

On the basis of the application segment, the sports nutrition category led the market in 2019 and it is anticipated to grow in the future years attributed to rising demand for the whey protein in various types of sports as a nutritional supplement.

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By geography, in 2019, North America dominated the market for the whey protein ingredients owing to increasing investment in health and wellness activities.

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This report segments the whey protein ingredients market as follows:

Global Whey Protein Ingredients Market: By Material Type Segmentation Analysis

Whey Protein Concentrate (WPC)
Whey Protein Isolate (WPI)
Hydrolyzed Whey Protein (HWP)
Demineralized Whey Protein (DWP)

Global Whey Protein Ingredients Market: By Application Segmentation Analysis

Bakery and Confectionery
Dairy Products and Frozen Foods
Sports Nutrition
Beverages
Meat Products
Medicine
Others

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