Press release
Whey Protein Market Size, Share, Future Growth, 2032
Whey Protein Market
The global whey protein market size was USD 11.79 billion in 2023 and is projected to grow from USD 12.64 billion in 2024 to USD 22.63 billion by 2032, exhibiting a CAGR of 7.5% during the forecast period. Increasing consumer awareness regarding a healthy diet and strong demand for premium products may foster industry development. Fortune Business Insightsโข presents this information in its report titled "Whey Protein Market, 2024-2032."
Rising consumer awareness regarding a healthy diet is expected to boost the product demand among consumers. Further, growing innovations in protein manufacturing containing several amino acids may increase the product's adoption. Moreover, robust demand for premium products may facilitate the product demand. In addition, the strong demand for premium products across the personal care industry is expected to propel industry development during the upcoming years.
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ : https://www.fortunebusinessinsights.com/enquiry/sample/whey-protein-market-106555
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ฉ๐จ๐ซ๐ญ
โข Hilmar Cheese Company, Inc. (U.S.)
โข Saputo Inc. (Canada)
โข Glanbia plc (Ireland)
โข Fonterra Co-operative Group Ltd. (New Zealand)
โข Arla Foods (Denmark)
โข Alpavit (Germany)
โข Wheyco GmbH (Germany)
โข Milk Specialties (U.S.)
โข Carbery Group (Ireland)
โข LACTALIS Ingredients (France)
๐๐๐ ๐ฆ๐๐ง๐ญ๐ฌ
By type, it is segmented into isolates, concentrates, and others. Based on application, it is classified into animal feed, food and beverages, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/whey-protein-market-106555
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ
๐๐ญ๐ซ๐จ๐ง๐ ๐๐๐ฆ๐๐ง๐ ๐๐จ๐ซ ๐๐ซ๐จ๐ญ๐๐ข๐ง-๐๐ข๐๐ก ๐๐ข๐๐ญ ๐ญ๐จ ๐๐ฎ๐ซ๐ญ๐ฎ๐ซ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐จ๐ ๐ซ๐๐ฌ๐ฌ
The rising demand for a protein-rich diet is expected to foster the demand for whey protein. The rising popularity of ready-to-cook meals and packaged foods leads to high-quality protein foods. Further, growing chronic illnesses are expected to boost the demand for the product from the population. Also, the rising per-capita spending and adoption of healthy lifestyles may bolster the product's consumption. In addition, the rising demand for sports supplements from athletes and gym enthusiasts can drive the whey protein market growth.
However, the strong demand for plant-based protein may hinder the market's progress in the coming years.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐ข๐ฌ๐ข๐ง๐ ๐๐ฐ๐๐ซ๐๐ง๐๐ฌ๐ฌ ๐๐๐ ๐๐ซ๐๐ข๐ง๐ ๐๐๐ฌ๐ฒ ๐๐ฌ๐๐๐ข๐ฅ๐ข๐ญ๐ฒ ๐๐ง๐ ๐๐จ๐ง๐ฏ๐๐ง๐ข๐๐ง๐๐ ๐ญ๐จ ๐๐จ๐จ๐ฌ๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐
North America is expected to dominate the whey protein market share due to rising awareness regarding easy usability and convenience. The market in North America stood at USD 3.73 billion in 2021 and is expected to gain a huge portion of the global market share. Further, evolving consumer preferences and tastes may boost the product demand. These factors may propel industry growth.
In Europe, increasing trends of preventive healthcare, rising emphasis on healthy living, and growing demand for protein supplements may foster the product's demand. In addition, the adoption of proteins in naturally and synthetically derived foods may propel market growth.
In Asia Pacific, the rising domestic demand and exports for dairy-based products, such as whey and casein, may foster market development.
๐๐ฌ๐ค ๐ ๐จ๐ซ ๐๐ก๐ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/whey-protein-market-106555
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
๐๐จ๐ฆ๐ฉ๐๐ง๐ข๐๐ฌ ๐๐ง๐ง๐จ๐ฎ๐ง๐๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ ๐ญ๐จ ๐๐๐ข๐ง๐๐จ๐ซ๐๐ ๐ญ๐ก๐๐ข๐ซ ๐๐ญ๐๐ง๐๐
Prominent companies operating in the market announce acquisition strategies to reinforce their market position globally. For example, Saputo Inc. declared two acquisitions in the value-added and dairy alternatives segment. The company invested nearly USD 146.94 million and acquired Wisconsin Specialty Protein, LLC's Reedsburg facility. It produces value-added ingredients such as whey, goat, organic lactose, and others. This acquisition may enable the company to reinforce its market stance globally. Furthermore, companies adopt product launches, mergers, partnerships, and research and development strategies to boost their annual revenues.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ
๐๐จ๐ฏ๐๐ฆ๐๐๐ซ ๐๐๐๐: FrieslandCampina Ingredients, a leading global protein supplier, announced the launch of Nutri Whey ProHeat. The company's new ingredient is microparticulated and heat-stable, designed for the medical nutrition market.
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
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