Asia Pacific Whey Protein Market By Type (Whey Protein Concentrates, Whey Protein Isolates and Whey Protein Hydrolysates), By Applications (Nutritional Supplements, Food & Beverages, Personal Care and Animal Feed & Pet Food), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Asia Pacific Whey Protein Market would witness market growth of 13.7% CAGR during the forecast period (2020-2026). Cow milk has 20% whey protein content and is regarded as healthy for the individual. It provides various health benefits like decreasing stress & inflammation, preventing diseases, promoting overall health, building muscles, supporting fat loss, repairing muscle tissues, reducing blood pressure and cholesterol levels. Significant factors that are boosting the demand for whey protein are increasing disposable incomes, growing demand from developing markets, and the rising trend of consuming protein supplements. Owing to these factors, the whey protein market will maintain its growth rate during the forecast period.
Owing to the multiple characteristics associated with whey protein concentrates such as financial applications, easily edible, and productive preparation, the market has seen rapid development. Moreover, with the rising consumption of sports-related activities among youth, the demand for whey protein concentrates have risen to an exponential level. Besides, whey protein provides a smart alternative to caramels with excellent processing ability and healthy eating quality, hence increasing the demand for the ingredients.
The product has a major application in the formulation of personal care items like skincare and hair care products due to its hair conditioning and skin-hydrating properties. The optimistic aspect of the personal and beauty care industry due to the growing population of working women and penetration of e-commerce is pushing the penetration of the product in the personal care category.
Based on Type, the market is segmented into Whey Protein Concentrates, Whey Protein Isolates and Whey Protein Hydrolysates. Based on Applications, the market is segmented into Nutritional Supplements, Food & Beverages, Personal Care and Animal Feed & Pet Food. ased on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saputo, Inc., Glanbia PLC, Fonterra Co-operative Group Limited, Arla Foods Amba, Carbery Group Ltd., Lactalis Group, Olam International Limited, Maple Island, Inc., Leprino Foods Company and Agropur Dairy Cooperative (Davisco Foods International, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Whey Protein Concentrates
- Whey Protein Isolates
- Whey Protein Hydrolysates
- Nutritional Supplements
- Food & Beverages
- Personal Care
- Animal Feed & Pet Food
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Saputo, Inc.
- Glanbia PLC
- Fonterra Co-operative Group Limited
- Arla Foods Amba
- Carbery Group Ltd.
- Lactalis Group
- Olam International Limited
- Maple Island, Inc.
- Leprino Foods Company
- Agropur Dairy Cooperative (Davisco Foods International, Inc.)
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