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Global Whey Protein Market Analysis & Opportunity Outlook 2024

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Extensive insights into the Growth of Whey Protein Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Whey Protein Market Overview button

Whey protein refers to a blend of globular proteins derived from whey, the liquid formed as a by-product of cheese production. Whey protein contains high protein substance as compared to egg, soy and other milk created proteins. This protein can be consumed by babies and adults.

Market Size and Forecast

The global whey protein market is anticipated to flourish at a CAGR of 7.6% during the forecast period 2017-2024. Further the market of whey protein was estimated at a value of USD 6.94 Billion in 2016 and the market is projected to reach USD 12.46 Billion by 2024. Factor such as, rising applications of whey in food and beverage products is anticipated to drive the growth of the global whey protein market over the forecast period.

In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of whey protein during the forecast period. Factor such as, rising dairy protein products are anticipated to fuel the growth of the whey protein market over the forecast period.Further, Asia-Pacific whey protein market is expected to flourish at a significant rate over the forecast period. Factor such as, the growing of health concern and increase in disposable income is anticipated to drive the growth of the whey protein market over the forecast period. Europe whey protein market is expected to witness substantial growth over the forecast period. Rising awareness towards whey proteins and rising demand for food and beverages is anticipated to increase the growth whey protein market in Europe during the forecast period. CLICK TO DOWNLOAD FREE SAMPLE REPORT

whey protein market

Based on type, whey protein market is segmented into, whey protein concentrate, whey protein isolate, hydrolyzed whey protein and demineralized whey protein, out of which, whey protein concentrate is expected to dominate the overall whey protein market during the forecast period.

Market Segmentation

Our in-depth analysis has segmented global whey protein market into the following segments:

By Type

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

By Application

  • Infant Formula
  • Sports and Medical Nutrition Product Types
  • Dairy Product Types
  • Confectionery and Bakery Product Types
  • Dietary Supplements    
  • Other Nutritional Food Product Types

By Price

  • Premium
  • Economy
  • Low

By Region

Global whey protein market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers and Challenges

Factor such as increasing demand for dairy products are anticipated to intensify the growth of the global whey protein market during the forecast period. Further, rising demand for pediatric foods and increasing awareness about health among population is envisioned to bolster the growth of the global whey protein market in the upcoming years.

Apart from this, rise in the popularity of protein utilization is anticipated to be the dynamic factor behind the growth of the whey protein market over the forecast period. In addition, energy boosting products and rising disposable income is expected to supplement the growth of the global whey protein market during the forecast period.

However, extreme production cost, health & safety affects, governing concerns and certifications are some of the key factors which are expected to limit the growth of global whey protein market in upcoming years.

Key Players

  • Hilmar Cheese Company
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Glanbia
  • Davisco Foods International Inc.
  • Milk Specialties Global
  • Maple Island Inc.
  • Foremost Farms
  • Valio Ltd
  • DMK Group
  • Westland Milk
  • Agropur MSI
  • Axiom Foods Incorporation

 


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