About Whey Protein Ingredients
Since the demand for dairy alternatives has upsurged the demand for dairy alternatives across the global population. In addition to this, increasing awareness about healthy vegan products & increasing prevalence of lactose intolerance will ultimately increase the consumption of whey protein ingredients. Furthermore, several health benefits associated with it will lead to increased inclination towards the whey protein ingredients. Strengthening economic conditions as well as rising disposable incomes will further create numerous opportunities across the global whey protein ingredient market development. These ingredients assist in enhancing the texture, flavor, and color of the food products. It also helps in stabilizing and emulsifying food products. However, some side effects associated with overconsumption might stagnate the demand for whey protein ingredients.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.6% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States and European Vendors will contribute the maximum growth to Global Whey Protein Ingredients market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Archer Daniels Midland Company (United States), Omega Protein Corporation (United States), Fonterra Co-operative Group Ltd. (New Zealand), Arla Foods amba (Denmark), Hilmar Cheese Company, Inc. (United States), Associated British Foods plc (United Kingdom), Wacker Chemie AG (Germany), Cargill Inc. (United States), Carbery Food Ingredients Ltd.(Ireland) and Davisco Foods International, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Agropur Cooperative (Canada), Glanbia PLC (Ireland) and Royal FrieslandCampina N.V. (Netherlands).
Segmentation Overview
AMA Research has segmented the market of Global Whey Protein Ingredients market by Type (Whey Protein Concentrate, Whey Protein Isolate, Hydrolyzed Whey Protein and Demineralized Whey Protein), Application (Foods & Beverages, Personal Care and Cosmetics, Infant Nutrition, Animal Feed and Others) and Region.
On the basis of geography, the market of Whey Protein Ingredients has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online Retail will boost the Whey Protein Ingredients market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Number of Flavoured Whey Protein Ingredients and Upsurging Demand from Online Retail Distribution Platforms for Whey Protein Ingredients
Market Growth Drivers:
Numerous Health Benefits Associated with the Consumption of Whey Protein Ingredients such as Weight loss, Anti-cancer properties, and Many Others and Upsurging Health Awareness among the Global Population
Challenges:
Increasing Raw Material Prices might Stagnate the Business Growth
Restraints:
Several Side Effects Associated with Whey Protein Ingredients Consumption such as Stomach Pains, Cramps, and Reduced Appetite and Excessive Consumption might also Cause Age-related Muscle Loss
Opportunities:
Growing Awareness about the Protein-Rich Products in the Developing Economies and Technological Advancements in Manufacturing Whey Protein Ingredient Products
Market Leaders and their expansionary development strategies
In May 2022, Perfect Day Foods, a California-based food technology business that uses precision fermentation to make whey and casein proteins, increased its footprint in animal-free products by investing in India and China.
In August 2022, Fonterra, a New Zealand dairy firm, and Royal DSM, a bioscience company, have developed a precision fermentation startup to manufacture sustainable dairy proteins, including whey proteins., and In June 2019, Archer Daniels Midland Company has introduced a new line of Onavita Algal DHA and Almega. EPA blends available via a collaboration with Qualitas Health, a leader in algae cultivation. ADM is offering three different EPA/DHA blends containing omega-3, 6 and 9, which offer benefits that can help support cognitive, heart, immune system or eye health. The new products are renewably sourced in the United States.
Key Target Audience
Whey Protein Ingredient Manufacturers, Whey Protein Ingredient Distributors and Traders, Foods & Beverages Industry, Functional Food Industry, Raw Material Suppliers, Investment Bankers, Traders, Importers, and Exporters and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.