Published Date: 19-Feb-2021
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According to a new report Global Whey Protein Market, published by KBV research, The Global Whey Protein Market size is expected to reach $15.7 billion by 2026, rising at a market growth of 12.3% CAGR during the forecast period.
Whey protein manufacturers are witnessing growth opportunities due to the latest trend in the sports industry, particularly with respect to nutrition. There are a lot of sports nutrition items manufactured and prepared for various athletes at several stages in their training and recovery. Over the last few years, the whey protein powder market for sports nutrition and supplements has transformed massively. Primarily, athletes and bodybuilders have been the main consumers of sports nutrition items.
The Whey Protein Concentrates market dominated the Global Whey Protein Market by Type in 2019. Whey Protein Concentrate (WPC) are useful in several applications that include beverages, yogurt products, and the production of dairy desserts. Moreover, these concentrates are considered as a rich source of protein fortification for infant food and associated nutritional products. WPC is having gelling characteristics when dissolved in water and then heated, and this characteristic is very useful for nutritional and meat industry applications.
Whey Protein Hydrolysates market is expected to witness highest CAGR of 13.3% during (2020 - 2026). Whey Protein Hydrolysate (WPH) displays antioxidant, prebiotic, antimicrobial, and hypertensive characteristics. They are utilized to manufacture clinical nutrition, infant nutrition, and sports nutrition products. Although, hydrolyzed whey proteins are costlier in comparison to their alternatives. As a result, most of the whey supplement manufacturers include a very low amount of the same to their corresponding formulas.
The whey protein market was dominated by the Nutritional Supplements segment. Also, it also finds its wide application in food & beverages sector. The product is constantly used for bakery and confectionery items because of its ability of foaming, emulsifying, and giving brownish texture. These ingredients also expand the water-binding, solubility, and nutritional fortification characteristics of bakery and confectionery products.
Changing consumer inclinations towards natural and herbal ingredient-based exclusive personal care items are expected to fuel the demand for the product in the personal care and cosmetics application. Also, the growing demand for creams and moisturizers due to the increasing consumer awareness and high disposable income in countries like the U.S., France, Canada, and China, is anticipated to accelerate the development of the industry.
North America dominated the market in 2019. Asia Pacific would showcase promising growth during the forecast years due to the increasing exports and local demand for dairy-based protein ingredients like whey and casein. Moreover, increasing population, changing demographics regarding consumer lifestyle, overall development of the economy, thriving food & beverage industry, and rising preferences on nutritional food are some of the factors contributing to the growth of the market. China is one of the biggest manufacturers of dairy-based proteins due to the easy accessibility of raw materials. India and China are the main countries in APAC in which the population has seen significant increment.
Full Report: https://www.kbvresearch.com/whey-protein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.)
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