Whey Protein Ingredient Market Scope
Whey Protein Ingredient is a protein supplement among people of all ages. It contains Amino Acids, Macros, other ingredients such as Soya Lecithin, Cocoa. Whey is the liquid left behind when milk is turned into cheese. The protein present in whey is the protein in milk, that’s why it called as substitute product of milk. Whey protein is show up in baked goods or ice cream as to maintain the consistency of fat without the actual fat. Safety of Whey protein supplements depends largely on the dose. According to National Institute of Health most Americans eat twice the protein they need which can risk of dehydration.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Arla Foods (Denmark), Cargill Incorporation (United States), Hilmar Cheese Company (United States), Fonterra Co-operative Group Ltd. (New Zealand), Carberry food Ingredients (Ireland), Glanbia plc (Ireland), Davisco Food International (United States), Maple Island Incorporation (United States), Dairy Farmers of America (United States) and Milk Specialities Global (United States) |
CAGR | 7.3% |
"According to AMA, the Global Whey Protein Ingredient market is expected to see growth rate of 7.3% and may see market size of USD17.8 Billion by 2030."The highest wheat-producing countries include the European Union, China, India, Russia, and the United States. Additionally, the market expansion is complimented by M&A, Joint Ventures as well as Agreements between various organizations to boost up Value Chain. Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Whey Protein Ingredient market throughout the predicted period.
Arla Foods (Denmark), Cargill Incorporation (United States), Hilmar Cheese Company (United States), Fonterra Co-operative Group Ltd. (New Zealand), Carberry food Ingredients (Ireland), Glanbia plc (Ireland), Davisco Food International (United States), Maple Island Incorporation (United States), Dairy Farmers of America (United States) and Milk Specialities Global (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Amco Protiens (United States), Uniq Bioresearch Ltd. (Finland) and Volac International Ltd. (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Whey Protein Ingredient market by Type , by Application (Food, Medical, Cosmetics, Feed and Others) and Region with country level break-up.
On the basis of geography, the market of Whey Protein Ingredient 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In Jun 2018, Arla Foods Announced It Strategic Partnership with Evolve Which Provide Future Growth of Arla Foods Ingredients to the Benefit of Arla’s Farmer Owners. After This Agreement Both The Companies Co-Develop New Products For Its Production Of Whey Protein Ingredients.
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.
Influencing Trend:
Increase Demand of Sports Nutrition
Market Growth Drivers:
Rise in Demand of Dietary Applications, Increase Participations in Casual Sports and Regular Exercising, Inclinations towards Fitness, Increase in Adoption of Daily Ingredients and Increase Obesity Level Drive This Consumption of Healthy Proteins Ingredients
Challenges:
Non-Defined Regulatory Framework and High Processing Cost Involved In Synthesis Process
Opportunities:
Strong Opportunity Due To Increase in Awareness among Consumers for Protein Healthy Diet
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