Press release
Whey Protein Market is projected to reach US$ 8.8 Billion by 2021
Whey Protein benefits
Whey Protein Market size
North America whey protein market dominates with, 35% of the market share in 2014. North American whey protein market was expected to reach at USD1780.6 Million in 2015 and is projected to reach USD2829 Million by 2021, with a CAGR of 7.9%. The U.S is the major market of whey protein in this region.
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Asia-Pacific whey protein market is growing rapidly owing to the growing of health concern and increase in disposable income. Asia-Pacific whey protein market accounted 18.9% share of the global whey protein market .Asia-Pacific reached USD 1217.3 Million revenue in 2015 and is estimated grow with a CAGR of 10.2% in the year 2021.
The Europe whey protein market grows at an average rate. Europe whey protein market is driven by the growing awareness towards whey proteins and rising demand for food and beverages.
Whey Protein Market Growth drivers and challenges
Increasing demand for dairy-based products, rising demand for pediatric foods and increasing awareness about health among population and rise in the popularity of protein utilization are the main factors drive the growth of global whey protein market over the forecasted period
In addition, increasing importance of 'ready to drink' and energy boosting products and rising disposable income also grow the demand for global whey protein market in future.
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Extreme production cost, health & safety affects, governing concerns and certifications are compulsory for marketing are the main challenges for the global whey protein market in upcoming years.
Whey Protein Market Key Players
The major key players of the global whey protein market are as follows:
Hilmar Cheese Company,Glanbia, Davisco Foods International Inc.,Milk Specialties Global, Maple Island Inc.
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