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Whey Protein Ingredients Market Size, Share Global Analysis Report, 2020–2026
Whey Protein Ingredients Market By Type (Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), Demineralized Whey Protein (DWP)), By Application (Bakery and Confectionery, Dairy Products and Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicine, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[178+ Pages Report] According to the report published by Facts Factors, the global whey protein ingredients market size was worth around USD 8,000 million in 2019 and is predicted to grow to around USD 21,000 million by 2026 with a compound annual growth rate (CAGR) of roughly 9.2% between 2020 and 2026. The report analyzes the global whey protein ingredients market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the whey protein ingredients market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the whey protein ingredients industry. The report analyzes and declares the historical and current trends analysis of the whey protein ingredients industry and subsequently recommends the projected trends anticipated to be observed in the whey protein ingredients market during the upcoming years.
The whey protein ingredients market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire whey protein ingredients market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilotons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- According to the primary CXO’s of the global whey protein ingredients market, the market is estimated to witness a substantial growth of nearly 9.2% over the forecast period.
- The market was valued at USD 8,000 million, in 2019 and is expected to be valued over USD 21,000 million, by 2026
- By type segmentation, the whey protein concentrate category is expected to contribute the largest market share in the global whey protein ingredients market owing to increasing consumption of the whey protein concentrate as a protein supplement.
- On the basis of application segment, the sports nutrition category led the market in 2019 and it is anticipated to grow in the future years attributed to rising demand for the whey protein in various types of sports as a nutritional supplement.
- By geography, in 2019, the North America dominated the market for the whey protein ingredients owing to increasing investment in health and wellness activities.
Key Recommendations from Analysts
- According to our analysts, the Asia Pacific region is expected to dominate the market for the whey protein ingredients owing to increasing in the consumption of whey protein ingredients as a sport nutrition and confectionery products.
- Owing to the increasing use of whey protein ingredients in healthcare solutions, the European region is anticipated to boost the market in the future years.
- The beverages category is projected to grow in the future years attributed to the use of whey protein ingredients as protein shake.
- Due to rapid economical growth in the emerging countries and increase per capita income, the market is expected to witness a substantial growth during the future years
- Increasing demand for whey protein ingredient as a wellness product may create lucrative opportunities in the market.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the whey protein ingredients industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the whey protein ingredients industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the whey protein ingredients market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the whey protein ingredients industry. The whey protein ingredients market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the whey protein ingredients sector. Key strategic developments in the whey protein ingredients market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the whey protein ingredients market are appropriately highlighted in the report.
The whey protein ingredients market research report delivers an acute valuation and taxonomy of the whey protein ingredients industry by practically splitting the market on the basis of different types, category, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 8,000 Million |
Projected Market Size in 2026 |
USD 21,000 Million |
CAGR Growth Rate |
9.2% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Hilmar Cheese Company, Arla Foods, Fonterra Co-Operative Group Ltd, Cargill Incorporation, Glanbia plc, Davisco Food International, Carberry food ingredients, Dairy Farmers of America, Maple Island Incorporation, and Milk Specialities Global, and Others |
Key Segment |
By Material , Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the whey protein ingredients industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the whey protein ingredients industry is provided for the leading economies of the world.
Whey protein is a combination of whey-isolated proteins. The liquid content is produced as a by-product in cheese making. The proteins include immunoglobulin, β-lacto globulin, albumin serum, and α-lactalbumin. Whey protein is widely used and consumed internationally as a dietary supplement and has been attributed to numerous health statements. Many customers accept whey protein than other sources of protein like milk, soy. It enhances lipid profile glucose levels and also helps to reduce the hepatic cholesterol levels.
Whey protein helps to increase strength, improve immunity, fat loss, and mass gain, the popularity of the whey protein supplement is growing in recent years. With the health benefits, whey protein is also gaining popularity in skin and hair care cosmetics. These factors may drive the whey protein market during the forthcoming years. However, fluctuations in the milk prices, undefined regularity guidelines about healthcare may restraints the growth of the market. On the other hand, economical growth of the emerging countries and growing disposable income, the market is expected to create ample opportunities during the future years.
The whey protein ingredients market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into whey protein concentrate, whey protein isolate, hydrolyzed whey protein, and demineralized whey protein. By application segmentation, the market is divided into Bakery and Confectionery, Dairy Products and Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicine, Others.
Some of the essential players operating in the whey protein ingredients market, but not restricted to include
- Glanbia plc
- Davisco Food International
- Hilmar Cheese Company
- Cargill Incorporation
- Carberry food ingredients
- Dairy Farmers of America
- Arla Foods
- Fonterra Co-Operative Group Ltd
- Maple Island Incorporation
- Milk Specialities Global
The taxonomy of the whey protein ingredients industry by its scope and segmentation is as follows:
By Material Type Segmentation Analysis
- Whey Protein Concentrate (WPC)
- Whey Protein Isolate (WPI)
- Hydrolyzed Whey Protein (HWP)
- Demineralized Whey Protein (DWP)
By Application Segmentation Analysis
- Bakery and Confectionery
- Dairy Products and Frozen Foods
- Sports Nutrition
- Beverages
- Meat Products
- Medicine
- Others
Global whey protein ingredients Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- 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
Table of Content
Industry Major Market Players
- Glanbia plc
- Davisco Food International
- Hilmar Cheese Company
- Cargill Incorporation
- Carberry food ingredients
- Dairy Farmers of America
- Arla Foods
- Fonterra Co-Operative Group Ltd
- Maple Island Incorporation
- Milk Specialities Global
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