Whey Protein Ingredients Market Revenue Archives

The global whey proteins ingredients market is predicted to observe steady growth across the globe, during the review period 2022 – 2032. This growth is mainly attributed to the surging awareness about healthy lifestyles, rising proportions of the millennial population, and growing demand for dietary supplements and functional food among consumers, which are some of the foremost aspects that are impelling the growth of the market. These variables are boosting the growth of the food industry.

In addition, the development of biodegradable films, lifestyle modifications, and protein-calorie malnutrition, as well as the increased competition in the food packaging sector, would aid the growth of the market value of the whey protein sector. The expansion of e-commerce and the rise in the number of working women who highly demand whey proteins for infants as a substitute for breast milk are also expected to favor the development of the market.

According to the SPER research, ‘Whey Protein Ingredients Market Growth– By Nature, By Type, By Application, By Product – Regional Outlook, Competitive Strategies and Segment Forecasts to 2032, says that the Whey Protein Ingredients Market is projected to reach USD 15.98 billion by 2032 with a CAGR of 10.5%.

The global whey protein market is expanding precisely owing to the increasing number of cases associated with cancer as it provides an excellent alternative for cancer patients, and digestive issues, as well as the introduction of skin hydrating and hair conditioning properties, are some of the elements that are underwriting the progress of the market. Additionally, the instigation of protein supplements in the regular dietary plans of the fitness freak populace and the presence of media that assists high disposable income levels are projected to promote the development of the market.

The untapped requirements in emerging countries and the constant development of the research and technology by the significant key vendors are fostering growth progressively to open up lucrative revenue potential opportunities for foremost companies in the forthcoming years. Furthermore, the evolution of the whey protein market is mainly due to the increasing awareness among customers to fill the protein intake gap by including protein supplements in their daily diet activities, which would eventually lead to the augment of the food and beverage sector.

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North America shares the highest market share across the globe and is known as one of the fastest technology-adopting regions of the world. Due to the lowest addressable requirements, the sector has witnessed unpretentious growth throughout the review period. Moreover, the growing rate of awareness among consumers about healthy lifestyles, the existence of media that supports high disposable income levels, expanding trend of preventive healthcare, significant market players, the surging rate of the cancer-affected populace, adoption of whey proteins as an alternative of breast milk, upsurge in demand as a skin hydrating product, the evolution of edible films, rise in patients associated with digestive issues, regular advancements in technology and increasing product demand in food and beverage sector, are some of the variables that are propelling the growth of the whey protein market in the forthcoming years.

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Whey Protein Ingredients Market Future Growth

Dairy Testing Market Size- By Product, By Technology, By Testing Type- Regional Outlook, Competitive Strategies and Segment Forecast to 2032

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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.