The latest market report published by Credence Research, Inc. “Whey Protein Ingredients Market — Growth, Future Prospects, and Competitive Analysis, 2017–2025,” the global whey protein ingredients market is expected to grow at a CAGR of 8.7% over the forecast period from 2017 to 2025
Market Insights
The global market for whey protein ingredients is witnessing rapid growth owing to an increase in demand for whey protein hydroxylates as nutritional additive especially among sports, medical and infant formulas products in Europe and North America. Moreover, the rise in per capita disposable incomes and change in lifestyles in emerging economies such as India, China, Korea, and Indonesia has resulted in a surging demand for whey protein ingredients which is, in turn, is leading to an unparalleled increase in the growth of global whey protein ingredients market.
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Furthermore, the surge in demand for whey protein ingredients in animal feed and meat products owing to its excellent water-binding ability further drives the market growth. Bakery & confectionery and sports nutrition segments offer extreme potential in the global whey protein ingredients market due to favorable macroeconomic factors such as increasing consumer spending and rapid urbanization. A rise in demand for animals protein-based supplements such as milk protein shakes and whey protein-based sports drinks among athletes are bringing impetus in the overall demand. Furthermore, increasing utilization of whey protein ingredients in the preparation of bakery & confectionery products including cakes, biscuits, muffins, and candies is a major element accelerating the demand for whey protein ingredients worldwide.
Increasing competition from plant-based protein-coupled with lack of awareness especially among the lower-middle-class population group is some of the major factors hindering the market growth. Although, increasing investments in research & development activities for the production of relatively cheaper products is expected to pose vivid opportunities in the coming years.
Competitive Insights
Currently, the global whey protein ingredients market is witnessing steady growth. The major market giants are focusing to achieve full commercialization. The market is monopolistic in nature and is characterized by the presence of a few key players. Some of the major players operating in the global whey protein ingredients market include Cargill Incorporated, Arla Foods, Fonterra Co-Operative Group Ltd, Hilmar Cheese Company, Glanbia Plc, Carberry Food Ingredients, Maple Island Incorporated, Davisco Food International, Milk Specialties Global and Dairy Farmers of America among others.
Key Trends
- Increasing investments on research & development activities undertaken by manufacturers
- Changing consumer lifestyles along with an increasing number of fitness centers
- Increasing consumer spending and disposable incomes especially in developing countries of Asia-Pacific region
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Key research study highlights comprise:
- Exhaustive research and analysis of the global Whey Protein Ingredients industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Whey Protein Ingredients market is also covered in the report
- Key players operating in the market are profiled and accompanied by the competitive landscape evaluated on the basis of product offering & business strength
- Cross-sectional analysis of each region covering individual segments for the forecast period 2017 - 2025 in terms of value (US$ Mn)
The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Distributors
- Purchasing managers
- Other stakeholders
Market Segmentation
By Type
- Whey Protein Concentrates 80 (WPC 80)
- Whey Protein Concentrates 35 (WPC 35)
- Whey Protein Isolates
- Whey Protein Hydrosylates
- Demineralized Whey Protein
By Application Type
- Bakery & Confectionary
- Sports Nutrition
- Frozen Food
- Beverage
- Pharmaceuticals
- Dairy Products
- Others (meat products, infant formula, etc.)
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
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