According to SPER Market Research, the Whey Protein Ingredients Market is estimated to reach USD 15.98 billion by 2032 with a CAGR of 10.5%.Whey protein concentrates are more popular due to their advantages for mass gain, improved immunity, increased strength, and weight loss, especially in the personal care industry. The potential health benefits of dairy-based nutritional and nutraceutical components, the high demand for milk-based compounds in skin and hair care cosmetics, and the ease of access to caseins and caseinate are some of the factors driving the market for whey protein ingredients.
The global market for whey protein ingredients might grow as a result of the large increase in the demand for nutraceutical ingredients from the food manufacturing sector. Bodybuilders usually use concentrated whey protein to grow greater muscle. Seniors with poor appetites might consume protein drinks to ensure adequate nutrient intake. Consumer demand for meals high in protein remained constant. The new coronavirus outbreak has, nevertheless, positively impacted the market's growth.
Whey Protein Ingredients Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 10.5%
- Forecast Market Size (2032): 15.98 billion
The market expansion of whey protein components may be responsible for consumers' increased awareness of the need of maintaining a healthy immune system. According to the International Food Information Council's annual Food & Health Survey, more than four out of five consumers agree that the coronavirus outbreak has affected their eating patterns, forcing them to prepare, eat, buy, and think about food differently. All of these factors considerably increased protein-based product sales during the pandemic, and it is anticipated that they will all do so throughout the projected period.
Impact of COVID-19 on the Whey Protein Ingredients Market
Consumer demand for protein-rich foods remained steady. The new coronavirus epidemic has, nevertheless, had a favourable impact on the market's expansion. The consumer knowledge of the need of developing a healthy immune system might be ascribed to the market expansion of whey protein components. More than four out of five consumers agree that the coronavirus epidemic has impacted their eating habits, causing them to prepare, eat, purchase, and think about food differently, according to the International Food Information Council's annual Food & Health Survey. During the pandemic, all of these reasons significantly raised the sales of protein-based goods, and they are all predicted to continue doing so during the forecast period.
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Whey Protein Ingredients Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
By Nature:
- Organic
- Conventional
By Type:
- Whey Protein Concentrate (WPC 80 and WPC 35)
- Whey Protein Isolate
- Hydrolyzed Whey Protein
- Demineralized Whey Protein
By Application:
- Food & Beverages (Bakery & Confectionery, Beverages, Breakfast Cereals, Dairy Alternatives, Dietary Supplements/Weight Management, Meat Alternatives & Extenders, Snacks, Sports Nutrition, Others)
- Infant Formulations
- Clinical Nutrition
- Animal Feed
- Others
By Product:
- Plant Proteins (Cereal-based, Legumes-based, Root-based, Nuts & Seeds-based, Ancient Grains)
- Animal/Dairy Proteins (Egg Protein, Milk Protein Concentrates/Isolates, Whey Protein Concentrates, Whey Protein Hydrolysates, Whey Protein Isolates, Gelatin, Casein/Caseinates, Collagen Peptides)
- Microbe-based Proteins (Algae, Bacteria, Yeast, Fungi), Insect Proteins (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, Others)
By Region:
- North America
- Europe
- Asia-Pacific
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market's historic and forecast market growth by geography.
Whey Protein Ingredients Market Key Players:
The Whey Protein Ingredients Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Archer Daniels Midland Company, Arla Foods, Burcon NutraScience, Carberry Food Ingredients, Cargill Incorporation, CHS Inc., Dairy Farmers of America, Davisco Food International, DuPont, Fonterra Co-Operative Group Ltd., Glanbia plc, Hilmar Cheese Company, Kewpie Corporation, Maple Island Incorporation , Mead Johnson & Company, LLC, Roquette Frères, Rousselot, Tessenderlo Group, The Scoular Company. The Global Whey Protein Ingredients Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Archer Daniels Midland Company, Arla Foods, Burcon NutraScience, Carberry Food Ingredients, Cargill Incorporation, CHS Inc., Dairy Farmers of America, Davisco Food International, DuPont, Fonterra Co-Operative Group Ltd., Glanbia plc, Hilmar Cheese Company, Kewpie Corporation, Maple Island Incorporation , Mead Johnson & Company, LLC, Roquette Frères, Rousselot, Tessenderlo Group, The Scoular Company.
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Whey Protein Ingredients Market Future Outlook
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ReportsnReports bring a detailed market analysis report on Whey Protein Ingredients Market 2019-2027.
The analysis report is helpful to understand the worldwide and provincial market circumstances and to determine how the market will develop.
When cheese is produced, the fatty parts of the milk coagulate, and the whey is separated from it as a byproduct.Whey protein is commonly used for improving athletic performance and increasing strength, but evidence to support these uses is mixed.
Whey protein is also used to reverse weight loss in people with HIV and to help prevent allergic conditions in infants.Global whey protein ingredients market is anticipated to grow with 11.34% CAGR (by revenue) & 5.58 % CAGR (by volume) during the forecast period 2019-2027.
The base year considered for the study is 2018 and the estimated period is between 2019 and 2027.Get Discount on Whey Protein Ingredients Market at: https://www.reportsnreports.com/contacts/discount.aspx?name=2046330Whey Protein Ingredients Market Insight Analysis:The growing demand for dairy alternatives can be accredited to the growing inclination toward vegan, especially plant-based food, growing lactose intolerance among a large section of the population, coupled with rising demand for various innovative dairy-free applications.
Due to the health benefits associated with it, there are a large number of people switching to dairy alternatives thereby increasing the market value for the protein-based diet.Moreover, the rise in income levels of middle-class people and health-conscious consumers has significantly led to an increase in demand for lean protein ingredients over the past few years.
Whey protein concentrate, whey protein hydrolysate, and whey protein isolate are categorized as three chief segments of whey.
Download FREE Sample Copy Of this Report @ https://www.millioninsights.com/industry-reports/whey-protein-ingredients-market/request-sample The major market drivers are:-The factors that are contributing greatly to the overall Whey Protein Ingredients market growth may entail robust industrialization, rise in the research and development activities, urbanization, rising applications across various sectors, rising health consciousness among the masses, mounting in the disposable income, growing number of health clubs as well as fitness centers, rising demands from a wide range of users such as athletes, recreational users, and bodybuilders, rise in the disposable income, and developing countries.
Top Key Manufacturers of Whey Protein Ingredients market are :-FonterraLactalis IngredientsFriesiandcampinaArla FoodsHilmar Cheese CompanyCarbery Food IngredientsOther Whey Protein Ingredients Market by Product Type:Whey Protein concentrateWhey Protein isolateWhey Protein hydrostate Whey Protein Ingredients Market by Applications:CosmeticsFeedOthers Geographical Analysis of Whey Protein Ingredients Market:- North AmericaEuropeChinaJapanSoutheast AsiaIndia The only factor that is impeding the overall market growth may include availability of substitutes such as plant proteins.
Additionally, the concerned manufacturers are taking up various strategies such as acquisitions and partnerships to raise the Whey Protein Ingredients industry share globally.
Whey Protein Ingredients Market is segregated by application as Food, Cosmetics, Feed, Medical, and others.
The market is categorized by geography as North America, Europe, China, Japan, Southeast Asia, and India.
