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Whey Protein demand to reach USD 8.8 Billion by 2021 by value in 2021 end, expanding at 7.6% CAGR

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Research Nester has recently announced its latest research on “Whey Protein Market : Global Demand Analysis & Opportunity Outlook 2023”, after studying the market situation and anticipating the future trends, the research provides a concrete platform for the existing and new players looking to enter into the market. The study provides information about market scenario of forecast period by analyzing the current situation.

Global whey protein market was estimated at a value of USD 5.9 Billion in 2015 and the market is projected to reach USD8.8 Billion by 2021, with estimated compound annual growth rate (CAGR) of 7.6%. Global whey protein production amounted to 280 Million MT in 2015 and rate of production anticipated to rise 3.7% yearly.

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.

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.

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