Whey protein is a mixture of spheroproteins, derived from whey during cheese production. Whey is traditionally formed by the fluid portion of the milk separated from curd. Whey is denatured under extreme heating conditions, and then pasteurized to form of a protein gel. This type of protein is a complete protein supplement, as it is composed of all the nine essential amino acids such as leucine, valine, lysine, phenylalanine, threonine, isoleucine, histidine, methionine, and tryptophan. Whey proteins are used in a wide range of applications, especially in infant formulations, baked foods & confectioneries, snacks, dairy products, and others. Moreover, functional beverages, such as sack and wine, have whey as their major ingredient during the production process.
One of the major factors driving the demand for protein includes the growing consumer awareness regarding the health and the disadvantages of protein deficiency. In the present world the consumers are more into the deskbound jobs called the sedentary lifestyles which highly captured by the youth. As these supplements are efficient in mitigating the problems which are growing or developing due to the sedentary lifestyle and owing to the adoption of non-optimal eating habits, which is attracting the large consumers to adopt food supplement into their lifestyle. Also the cost of health care is mounting day by day the consumers are preferring to stay healthy and untouched by any chronic diseases. Therefore, this factor is leading to rise in demand for food supplements more among the working youth in order to stay healthy and fit.
The global whey protein ingredients market has witnessed vivid growth opportunities, owing to the increase in demand for dairy ingredients/alternatives among consumers, worldwide. Moreover, increase in use of whey protein ingredients as a wellness trend has supplemented the market growth. Growth in popularity of whey supplements among youngsters, and pediatric milk formulations, especially in emerging economies supplemented with advancements in production technologies are some of the key factors that drive the market growth. In addition, increase in the demand for high quality protein supplements in the food industry drives the global market. Furthermore, the Asia-Pacific and Latin America regions drive the overall demand for whey protein ingredients, owing to surge in working women population and health conscious consumers. However, undefined regulatory guidelines, fluctuating prices of milk, and concerns about rise in incidence of animal diseases are some of the key elements that drive the market growth during the forecast period.
The global whey protein ingredients market is segmented based on nature, type and application. On the basis of nature the market is categorized into organic and conventional whey protein ingredients. On the basis of type, the market is classified into whey protein concentrates, whey protein isolates, demineralized whey, and hydrolyzed whey protein. The whey protein concentrates segment is further sub-categorized into whey protein concentrate 80 and whey protein concentrate 35. By application, the market is categorized into bakery & confectionery, dairy products & frozen foods, sports nutrition, beverages, meat products, medicine, and others (infant nutrition and personal care products). The market is analyzed based on region into North America, Europe, Asia-Pacific, and LAMEA.
The key players in the industry has witnessed significant growth opportunities, owing to change in consumer awareness for healthy food products. The key companies profiled in this report are Arla Foods, Cargill Incorporation, Hilmar Cheese Company, Fonterra Co-Operative Group Ltd., Carberry Food Ingredients, Glanbia plc, Davisco Food International, Maple Island Incorporation, and Dairy Farmers of America.
One of the major factors driving the demand for protein includes the growing consumer awareness regarding the health and the disadvantages of protein deficiency. In the present world the consumers are more into the deskbound jobs called the sedentary lifestyles which highly captured by the youth. As these supplements are efficient in mitigating the problems which are growing or developing due to the sedentary lifestyle and owing to the adoption of non-optimal eating habits, which is attracting the large consumers to adopt food supplement into their lifestyle. Also the cost of health care is mounting day by day the consumers are preferring to stay healthy and untouched by any chronic diseases. Therefore, this factor is leading to rise in demand for food supplements more among the working youth in order to stay healthy and fit.
The global whey protein ingredients market has witnessed vivid growth opportunities, owing to the increase in demand for dairy ingredients/alternatives among consumers, worldwide. Moreover, increase in use of whey protein ingredients as a wellness trend has supplemented the market growth. Growth in popularity of whey supplements among youngsters, and pediatric milk formulations, especially in emerging economies supplemented with advancements in production technologies are some of the key factors that drive the market growth. In addition, increase in the demand for high quality protein supplements in the food industry drives the global market. Furthermore, the Asia-Pacific and Latin America regions drive the overall demand for whey protein ingredients, owing to surge in working women population and health conscious consumers. However, undefined regulatory guidelines, fluctuating prices of milk, and concerns about rise in incidence of animal diseases are some of the key elements that drive the market growth during the forecast period.
The global whey protein ingredients market is segmented based on nature, type and application. On the basis of nature the market is categorized into organic and conventional whey protein ingredients. On the basis of type, the market is classified into whey protein concentrates, whey protein isolates, demineralized whey, and hydrolyzed whey protein. The whey protein concentrates segment is further sub-categorized into whey protein concentrate 80 and whey protein concentrate 35. By application, the market is categorized into bakery & confectionery, dairy products & frozen foods, sports nutrition, beverages, meat products, medicine, and others (infant nutrition and personal care products). The market is analyzed based on region into North America, Europe, Asia-Pacific, and LAMEA.
The key players in the industry has witnessed significant growth opportunities, owing to change in consumer awareness for healthy food products. The key companies profiled in this report are Arla Foods, Cargill Incorporation, Hilmar Cheese Company, Fonterra Co-Operative Group Ltd., Carberry Food Ingredients, Glanbia plc, Davisco Food International, Maple Island Incorporation, and Dairy Farmers of America.
Key Benefits For Stakeholders
- This report provides an extensive analysis of the current trends and emerging estimations in the global whey protein ingredients market.
- In-depth analysis of the industry is conducted through market estimations of key segments from 2022 to 2031.
- Comprehensive analysis of factors that drive and restrain the growth of the market is provided in the report.
- Extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The key players are profiled along with their strategies to determine the competitive outlook of the market.
Key Market Segments
By Nature
- Organic
- Conventional
By Application
- Bakery And Confectionery
- Dairy Products
- Frozen Foods
- Sports Nutrition
- Beverages
- Meat Products
- Medicine
- Others
By Type
- Whey Protein Concentrate
- Whey Protein Isolate
- Hydrolyzed Whey Protein
- Demineralized Whey Protein
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- MILK SPECIALTIES GLOBAL
- arla foods amba
- carbery group
- CARGILL CORPORATION
- dairy farmers of america
- DAVISCO FOOD INTERNATIONAL
- FONTERRA CO-OPERATIVE GROUP LTD
- GLANBIA PLC
- HILMAR CHEESE COMPANY, INC.
- maple island inc.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WHEY PROTEIN INGREDIENTS MARKET, BY NATURE
CHAPTER 5: WHEY PROTEIN INGREDIENTS MARKET, BY APPLICATION
CHAPTER 6: WHEY PROTEIN INGREDIENTS MARKET, BY TYPE
CHAPTER 7: WHEY PROTEIN INGREDIENTS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Whey Protein Ingredients Market,' By Type, Nature and Application: Global Opportunity Analysis and Industry Forecast, 2022-2031. The Whey Protein Ingredients Market Size was valued at $12,014.42 million in 2020, and is estimated to reach $25.7 Billion by 2031, growing at a CAGR of 7.39% during the forecast period. The whey protein concentrate segment held more than two-fifths of the total Whey Protein Ingredients Market share in 2020.Whey proteins are derived from whey during the cheese production and are known for improving athletic performance. They are an alternative to milk for lactose intolerant people. Rise in the consumption of whey protein ingredients as functional food and dietary supplements among consumers increase the demand for whey protein ingredients. Increase in proportions of millennial population (people aged between 20s and 30s) actively participating in casual sports and regular exercises give more importance to enhanced protein intake. This factor fuels the demand for nutritional drinks and supplements. Furthermore, whey protein ingredients are utilized in meat products owing to its solubility, water-binding & viscosity, emulsification, adhesion, gelation, and organoleptic characteristics. Moreover, whey protein concentrates are used to adhere breadcrumbs or batter to meat, and hence rheological characteristics of meat are retained. Furthermore, moisture retaining property of whey protein concentrate during meat processing also boosts the Whey Protein Ingredients Market Growth.
The global whey protein ingredients market witnesses vivid opportunities due to increase in awareness among consumers for protein healthy diet. Moreover, whey protein concentrate is a nutritional supplement manufactured after the whey is passed through defiltration, ultrafiltration, electro dialysis, and ion-exchange processes. Whey protein concentrate is obtained upon the removal of certain percentage of non-protein constituents from pasteurized whey derived from cheese processing. Whey protein concentrate consists of low levels of carbohydrates (lactose). The percentage of protein in lower end concentrates ranges from 30% to 90%.
Moreover, consumption of whey protein concentrate powder as supplements has increased owing to regular recommendations by dieticians and doctors in response to a wider set of customers demand for protein supplements in their diets.
Sports nutrition segment accounted for around one-sixth share, in terms of volume, in 2020. In response to the perennial modifications such as brining, baking, and texture of whey products among the bakery & confectionery industry as well as beverages industry, whey protein ingredients currently witness high demand across the globe. Thus, increase in demand for whey protein concentrates 80 and 35 especially in sports nutrition as protein supplements majorly fuels the growth of the Whey Protein Ingredients Industry.
Moreover, rise in number of working women demanding whey proteins for infant formula as a substitute for breast milk also augments the market growth. In addition, increasing Whey Protein Ingredients Market Trends of beverage industry to boost the protein content of products is the major reason that drives the growth of whey protein ingredients market.
The players operating in the global whey protein ingredients market have adopted various developmental strategies to increase their market share, gain profitability, and remain competitive in the market. The key players operating in the Whey Protein Ingredients Market Analysis include- Arla Foods, Cargill Incorporation, Hilmar Cheese Company, Fonterra Co-Operative Group Ltd, Carberry food ingredients, Glanbia plc, Davisco Food International, Maple Island Incorporation, Dairy Farmers of America, and Milk Specialties Global.
Key findings of the Study
- Asia-Pacific is expected to lead the market during the Whey Protein Ingredients Market Forecast period, followed by the LAMEA region.
- Based on nature organic segment is likely to be the fastest growing during the Forecast period.
- Based on type, whey protein concentrate segment holds the major market share in the year 2020.
- On the basis of application, sports nutrition segment dominated the market in the year 2020.
Companies Mentioned
- MILK SPECIALTIES GLOBAL
- arla foods amba
- carbery group
- CARGILL CORPORATION
- dairy farmers of america
- DAVISCO FOOD INTERNATIONAL
- FONTERRA CO-OPERATIVE GROUP LTD
- GLANBIA PLC
- HILMAR CHEESE COMPANY, INC.
- maple island inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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