Whey Protein Powder Market 2019-2025
New Study Reports “Whey Protein Powder Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025″.
The global whey protein powder market was valued at 6.8 billion US dollars in 2018 and is expected to grow at a CAGR of 7.5% in the coming years. The whey protein global market share is expected to reach 5.5 million metric tons by 2024 and the expected Common Annual Growth Rate (CAGR) for 2019-2024 is approximately 4.8%. Whey protein powder and other sports related nutrition products have experienced an unprecedented rise in the last few years. This is mainly because of the fact that people have become more health conscious and are changing their lifestyle to inculcate healthy eating habits.
Most people these days are aware that whey protein is beneficial for their health in several ways. Whey protein is obtained from the water part of milk called whey which gets separated from milk when cheese is made. Whey protein is considered the most important protein source because it contains the nine essential amino acids that are required by the human body.
The demand for whey protein powder has increased over the last few years and will continue to increase because it increases strength, improves athletic performance, prevents allergies in infants and also helps in reversing weight loss for patients who suffer from HIV. Whey protein powder can be consumed as smoothies, shakes and soft food items.
important Key players analysis: Fonterra, Saputo, Murray, DMK, Leprino Foods Co., Westland Milk Products, Glanbia Foods, Davisco, Milk Specialties Global, Agropur Inc., SachsenMilch, Grande Cheese Company, Milei, Carbery, Warrnambool Cheese and Butter Factory and more.
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The global whey protein powder market is segmented into hydro-lysate, isolate and concentrate type of whey protein. All these types are obtained through different processing methods. Of these, isolate type whey protein is said to dominate market share.
Whey protein finds application in food and beverages, pharmaceuticals, nutrition products and feed applications. Whey protein at present is used to make nutrition products and dietary supplements in pharmaceuticals. The global market share of whey protein powder will increase because of its use in food and beverages and making nutrition products.
There are several companies that make whey protein powder and some of the key players include Arla Foods, Hilmar Cheese Company Inc., Kerry Group, Agropur Inc., Leprino Foods Company, Lactalis Group etc. All these companies are competing with each other to manufacture the best and purest quality of whey protein. All these key players are investing in research and development activities to manufacture the finest quality whey protein powder to stay ahead of the others.
The European Union is considered to be the leading producer of whey protein powder and holds maximum share in the global whey protein market. This is because of an increase in the geriatric population and an increase in the number of fitness clubs in countries like Germany, France, Italy and Spain.
North America is known for the largest share of whey protein market because of the presence of leading whey protein manufacturers in the region. In addition, the share of North America in the global market is expected to increase because most of the manufacturers are offering different types of whey protein powders. Latin America, Oceania and Eastern Europe are other countries that will witness an increase in the demand of whey protein powder thereby contributing significantly to the global whey protein market.
Whey Protein Powder Manufacturers
Whey Protein Powder Distributors/Traders/Wholesalers
Whey Protein Powder Sub component Manufacturers
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The global whey protein powder market is bound to witness growth in the coming years because of the increasing consumption of whey protein. The consumers are aware of the fact that whey protein has positive health impacts and is good for the body. Therefore, more and more consumers are demanding whey protein driving the increase in the global share of this product.
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