Whey Protein Market Size Worth $15.1 Bn, Globally, by 2028 at 7.8% CAGR, (Strategic Investment Plans | Business Opportunities | SWOT Analysis): Exclusive Report by Zion Market Research
NEW YORK, April 21, 2022 /PRNewswire/ -- As per Zion Market Research study, Whey Protein industry accrued ROI of approximately around US$ 8.3 billion in 2021 and is expected to gain income of almost US$ 15.1 billion in 2028. Apparently, Whey Protein Market is set to register humungous gains of nearly 7.8% in time interval of 2022 to 2028. Moreover, growth of whey protein market over forecasting years is subject to rise in chronic disorders owing to irregular dietary habits leading to need for protein rich diet. Apart from this, anti-bacterial and anti-hypertensive features of product have helped food & beverages industry in producing snacks, chocolates, dairy items, and bakery items. In addition to this, surging global populace and changing food habits has catapulted growth of whey protein industry. Increase in shelf life of whey protein along with its availability in powdered form has facilitated expansion of whey protein market. Additionally, upswing in demand for sports nutritional supplements along with rise in health awareness has propelled expansion in size of whey protein market in forthcoming years.
Key Industry Insights & Finding of the Whey Protein Market Reports:
- As per the analysis shared by our research analyst, the Whey Protein Market is expected to grow annually at a CAGR of around 9.9% (2022-2028).
- Through the primary research, it was established that the Whey Protein Market was valued approximately USD 9.1 Billion in 2021 and is projected to reach to roughly USD 19.2 Billion by 2028.
- Regional market expansion over 2022-2028 can be owing to rise in product exports and humungous demand for dairy-based proteins including casein & whey.
- Raw material availability will extend growth graph of Asia Pacific whey protein market in upward direction.
Zion Market Research published the latest report titled as "Whey Protein Market - By Type (Whey Protein Isolates, Whey Protein Concentrates, And Whey Protein Hydrolysates) And By Application (Food & Beverages, Personal Care, Animal Feed & Pet Food, And Nutritional Supplements): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028." into their research database.
Whey Protein Market: Overview
Whey protein contributes nearly 20% of cow's milk protein contents and benefits human body. In addition to this, whey protein provides myriad health benefits including repair of muscle tissues, reduction of blood pressure, minimizing of cholesterol, and promotion of health. Apart from this, whey proteins are utilized as dietary supplements as they comprise of key amino acids and branched-chain amino acids. Reportedly, whey protein finds massive utilization in medical items, bakery products, confectionery, and infant formulas. However, huge intake of whey protein accompanied by sedentary lifestyle can result in acne and can affect liver & kidneys. It has been found that consumption of whey protein supplements by athletes resulted into their improved physical performance and had a beneficial effect on vital signs.
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- Zion Market Research methodology
Industry Dynamics:
Whey Protein Market: Growth Dynamics
- Demand for sports nutrition has led to growing popularity of protein supplements.
Surging cases of chronic illness owing to altering life patterns in millennial population has led to large-scale intake of diet enriched in protein. This has translated into augmented expansion of whey protein market. Apart from this, enhanced demand for sports nutrition has led to growing popularity of protein supplements such as whey proteins, thereby boosting expansion of whey protein market. Moreover, it's easy digestibility and strong amino profile has made in popular as dietary supplement in food & beverages sector. Furthermore, altering customer behavior in countries such as the U.S. is propelling food & beverage firms encompass functional whey protein in their packaged food as a substitution for dietary ingredients having huge proportion of fats. Such moves will create plethora of opportunities for whey protein market.
Moreover, immense use of whey protein in production of personal care & cosmetic items such as skin care and hair care items will prompt business trends. Thriving e-commerce & online retail sectors along with surge in working women populace will increase product utility in cosmetics industry, thereby succoring whey protein market explore new horizons of growth.
Whey Protein Market: Segmentation
- Food & Beverages Segment To Make Maximum Contributions Towards Whey Protein Market Earnings By 2028
Expansion of food & beverages segment over assessment period is due to large-scale use of whey proteins in bakery & confectionery products for foaming, emulsification, browning, and thickening the products. Additionally, whey proteins also enhance solubility, gelation, nutritive fortification, and water-binding features of confectionery & bakery items. Citing an instance, in 2019, Arla Foods amba- a Danish dairy product manufacturer- launched a drink based on whey protein concept and it was for patients requiring low-volume nutrition.
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Whey Protein Concentrate To Dominate Type Segment By 2028
Growth of segment over forecasting timeline can be credited to use of whey protein concentrates in beverages, yogurt products, and dairy desserts. Moreover, they are utilized as protein fortification source for nutritive products and infant diet. Apparently, these products demonstrate gelling feature when they are dissolved in water & then heated. This property is beneficial in meat & nutritional applications.
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List of Key Players of Whey Protein Market :
- ALPAVIT
- Hilmar Cheese Company Inc.
- Saputo Inc.
- Olam International
- Wheyco GmbH
- Arla Foods amba
- Milk Specialties Global
- Glanbia plc
- Milkaut S.A.
- Davisco Foods International Inc.
- Maple Island Inc.
Key questions answered in this report:
- What are the growth rate forecast and market size for Whey Protein Market?
- What are the key driving factors propelling the Whey Protein Market forward?
- What are the most important companies in the Whey Protein Market Industry?
- What segments does the Whey Protein Market cover?
- How can I receive a free copy of the Whey Protein Market sample report and company profiles?
Report Scope:
Free Brochure: https://www.zionmarketresearch.com/requestbrochure/whey-protein-market
Regional Dominance:
- North America To Lead Overall Whey Protein Market Share In 2022-2028
Rapid expansion of whey protein industry in North America over ensuing years can be attributed to increase in obese population & lifestyle related disorders among people in countries such as the U.S. Moreover, growing preference for functional diet & dietary supplements for maintaining good health has led to massive consumption of whey proteins in diet of people in Canada and the U.S. New product launches has further reinforced growth of whey protein market in North America.
Global Whey Protein Market is segmented as follows:
Whey Protein Market : By Type Outlook (2022-2028)
- Whey Protein Isolates
- Whey Protein Concentrates
- Whey Protein Hydrolysates
Whey Protein Market : By Application Outlook (2022-2028)
- Food & Beverages
- Personal Care
- Animal Feed & Pet Food
- Nutritional Supplements
Whey Protein Market: By Region Outlook (2022-2028)
North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
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Browse through Zion Market Research's coverage of the Global Food & Beverage Industry
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