According to the market research report “Whey Protein Ingredients Market: By Form (Isolates, Concentrates, Hydrolysates, Demineralized Whey ); By Application (Bakery Confectionery, Dairy Products & Frozen Foods, Infant Nutrition, Beverages, Sports Nutrition, Meat Products) – Forecast (2016 – 2021)” published by IndustryARC, the global whey protein ingredients market is estimated to reach $8,938 million by 2021 with an estimated CAGR of 9.4%.
Browse 37 Market Tables, 45 Figures spread through 120 Pages and an in-depth TOC on “Whey Protein Ingredient Market”.
Whey proteins are a mixture of spherical proteins derived from whey, a byproduct of cheese production and are quite popular as a dietary supplement among athletes, martial artists and body builders. This report provides the detailed analysis of the forms and major applications for the whey protein market as well as studies the competitive landscape.
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Whey proteins have well-established application base in sports nutrition and are being increasingly employed in functional foods owing to their nutritional value. The inclination towards fitness and sports has been in rise fuelling the demand for nutritional drinks and supplements. In addition, the ever growing array of protein products and related awareness widens the scope for the use of different whey formulations. Rising consumption of fortified foods especially in the developed nations also provides necessary impetus to the whey proteins market growth.
Dairy products have emerged as the most potential application for various nutrients including whey protein. On the other hand, the market for meat products is still in the emerging phase.
Major applications of whey protein ingredients include:
- Bakery & confectionery
- Sports Nutrition
- Infant Nutrition
- Dairy Products & Frozen Foods
- Meat Products
Due to well established international trade network and consistent supply by the major manufacturers the demand for these ingredients in various applications is being met. Driven by the increasing demand for whey protein ingredients, end-product manufacturers in APAC and Latin America have been seeking for cost-effective solutions in their production process to increase their profit margins.
Europe is the dominant market for whey protein ingredients and is estimated to reach $3.35 Billion by 2021, growing at a CAGR of 7.7% during 2016-2021. High preference for whey protein concentrates as well as strong sales of sports nutrition products has put the European market in the top position. Weight management and diabetic consumer segments provide huge opportunity to the market players in the U.S.
Growing sports culture in emerging economies such as India and China tends to strengthen the market growth in APAC region.
The major players in this market Include:
- Arla Foods AMBA (Denmark)
- Davisco Foods International (U.S.)
- Glanbia PLC (Ireland)
- Hilmar Cheese Company (U.S.)
Whey Protein ingredient manufacturers are continuously indulging in joint ventures, business expansions and investing in marketing new products to meet the needs of consumers. Major five players account for approximately 32% of the total market. The dominance of these players is expected to remain in the coming years with heavy investments in marketing and rising number of expansions and product launches.
The Global Whey Protein Ingredients Market Report provides detailed analysis of the different forms, their end-use applications and associated functional benefits of whey protein ingredients.
Various forms of whey protein ingredients included in the market study are:
- Demineralized Whey
The overall market is also presented from the perspective of different geographic regions and key countries in each region.
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