Whey Market Outlook

The global whey protein ingredients market share in the foods and beverages industry is escalated by the rising demand for dairy products in the developed countries. The consumption of whey protein ingredients is high, based on the high protein content and nutritional value of the product. Whey protein ingredients are found to have multi-purpose application in various other industries, amongst which the application in the sports nutrition food and beverages is increasing at a higher rate.

The increasing sale of whey protein ingredient is driven by the increase in the demand for high protein-containing products. The sale of whey protein as a functional beverage is high amongst the athletes. Whey is popular due to its application in infant food formula as it provides the necessary protein needed for the infant growth. Rising health concerns is one of the major factors contributing to the growth of the global whey protein ingredients market.

Increasing demand for overall health and wellness products with whey protein hydrolysate protein-rich foods and beverages is driving the growth of the whey protein ingredients market. Furthermore, advance processing methods & technologies, and high opportunities in developing countries are positively supporting the growth of the global whey protein ingredients market.

The global whey protein market size was estimated at USD 8.7 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2020 to 2027. Rising incidences of chronic illnesses due to changing lifestyles, particularly among the millennial population, is one of the key factors driving the adoption of protein-rich diets, which, in turn, is likely to augment demand for whey protein.

Segmentation:

The whey market is segmented on type, application, and region.

Based on type, the Whey Market report is segmented into Whey Protein Concentrate (WPC), Hydrolyzed Whey Protein (HWP), Whey Protein Isolate (WPI), and Others. Of these, the Whey Protein Concentrate (WPC) segment is estimated to remain dominant in the coming years owing to wide applications in the protein beverages and supplements.

Based on applications, the market report is segmented into functional foods, dietary supplements, functional beverages, and others. Of these, functional beverages segment is estimated to remain dominant in the coming years owing to rising inclination of consumers toward the functional beverages. Additionally, the consumption of healthy supplements is driving growth of the global whey market

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Competitive Analysis:

Some of the major companies in the global Whey Market include Agropur MSI, LLC, American Dairy Products Institute, Arla Foods, Westland Co-operative Dairy Company, DMK Group, Glanbia, Plc, Milk Specialties Global, and Davisco Foods Internation, Inc.

Regional Analysis:

Regionally, the whey market Size is segmented into the Americas, Asia-Pacific, Europe, and Middle East & Africa. Of these, North America is estimated to remain dominant in the global whey market Size in the coming period owing to the increasing demand for nutritional protein-based food. Europe is estimated to garb second leading share in the global whey market Size owing to high awareness about health. The consumption is increasing substantially from the countries such as Canada, the U.K., Germany, the U.S., and China are the major importers of whey. However, the Asia Pacific is oen of the fastest growing regions in the whey market Size due to increasing health awareness and developing an economy.

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