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Whey protein refers to proteins derived from whey - the watery portion of milk formed during the production of cheese. Whey protein concentrate is a common bodybuilding supplement that is used to increase the intake of dietary protein. Whey protein concentrate is commonly available as a dietary supplement and has the highest nutritional value. Whey protein concentrate has various functional, biological and nutritional properties, which make it an excellent ingredient in a wide variety of food applications, thereby increasing the demand for whey protein concentrate in the market. Owing to its versatile nature, whey protein concentrate finds applications in a wide range of areas such as protein beverages & bars, meat products, sports drink mixes, health food supplements, dairy desserts and infant formula, which is expected to contribute to growth in the demand for whey protein concentrate in the market over the forecast period. The whey protein concentrate market has lucrative potential for growth owing to various trends and factors that impact the performance of the global whey protein concentrate market over the forecast period.
Growth of the Dairy Industry and Increasing Health Consciousness is driving the Whey Protein Concentrates Market:
The recent global trends in wellness and health are major drivers of the whey protein concentrate market. Whey is becoming synonymous with dietary supplements owing to its versatile nature and wide range of applications as an ingredient in sports nutrition applications, which is among factors responsible for the increasing preference of customers for whey protein concentrates. Stringent work culture and busy lifestyles have made whey protein concentrate popular among the masses, along with multiple health benefits and the performance-boosting nature of whey protein, which is boosting the whey protein concentrate market.
Whey Protein Concentrates Market: Market Segmentation
On the basis of type of concentrates, the global whey protein concentrates market has been segmented as:
- Demineralised Whey Protein (DWP)
- Hydrolysed Whey Protein (HWP)
- Whey Protein Isolate (WPI)
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Some of the key market participants identified across the value chain of the global whey protein concentrates market are Glanbia plc, DMK Group, Arla Foods, Hilmar Cheese Company Inc., DuPont, The Milky Whey Inc., Milk Specialities Global, American Dairy Products Institute, Agropur MSI LLC and Westland Milk Products.
Opportunities for Whey protein Concentrates Market Participants:
Whey protein concentrate is digested rapidly by our body, thus allowing the fast absorption of nutritional benefits into the muscles & bloodstream. It also acts as a source of calcium, protein and essential nutrition, which has made it a consumer favourite, thus increasing the demand for whey protein concentrate in the market. North America has a sizable share in the global whey protein concentrate market followed by Europe. The Asia-Pacific region is witnessing the fastest growth in the global whey protein concentrate market owing to high population and increase in health awareness backed up by rising per capita disposable income. Increase in the global demand for whey protein concentrate is attracting a number of new market participants in this niche market owing to the lucrative growth opportunities offered by this market. Consumers are following global health trends and moving towards consuming products with higher nutritional values, high protein content & high calcium content, and whey protein concentrate fulfils all these demands. Regular gym goers are attracted towards whey protein concentrate owing to its health benefits as it helps supplement their daily protein requirement, which is expected to generate considerable demand for whey protein concentrate over the forecast period.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
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