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Whey Protein Market

Global Whey Protein Market - Size, Share and Forecast (2019-2026)

SKU: DFB88 | Last Updated On: 2019-05-21 | No. of Pages: 217 | Available Formats

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In 2017, Glanbia plc, Dairy Farmers of America, Inc. (DFA), Michigan Milk Producers Association (MMPA), and Foremost Farms USA (Foremost Farms) announced to create a stand-alone joint venture to build and operate a new cheese and whey production facility in the State of Michigan, USA.

Whey Protein Market

The Global Whey Protein Market is expected to grow at a CAGR of XX% to reach a market value of USD XX million by 2026.

Whey proteins are derived from whey during the cheese production and are known for improving athletic performance. They are an alternative to milk for lactose intolerant people. Rise in applications as dietary supplements and functional food among consumers increase the demand for whey protein ingredients. The market is witnessing vivid opportunities due to increase in awareness among consumers for protein healthy diet. Moreover, whey protein concentrate is a nutritional supplement manufactured after the whey is passed through ultrafiltration, electro dialysis, and ion-exchange processes.


Global Whey Protein Market – Market Dynamics

The market is driven by several factors such as increasing global demand for dairy-based products, growing market for pediatric foods, and global trends in health and wellness, along with an increased popularity of protein consumption, growing emphasis on read-to-drink, performance-boosting products and the advancements in technology that give rise to high quality and versatile product varieties.

Whey protein’s growing popularity among the consumers is based on its various advantages including stress reduction, improvement of immune system, diet support, mass gain and fat loss. The side effects of whey protein consumption are negligible and can only take effect on excessive intake. Hence the U.S. FDA has regulated the use of whey protein to 2g a day. Side effects of overconsumption of whey protein include nausea, diarrhea, thirst, bloating, cramps, tiredness, headache and loss of appetite.

Sports nutrition has become increasingly popular over the past decade as interest in health, fitness, and wellbeing has grown. Originally developed for elite athletes and bodybuilders to support performance and muscle building, sports nutrition products include beverages, foods, and supplements. Today these products are increasingly being used by recreational sports enthusiasts, who get exposed to the products through health clubs and fitness centers. These products aid post workout recovery and meet the nutritional needs of busy lifestyles. Growing urbanization and changing lifestyle of consumers will drive the market during the forecast period.

Although this market has various strong market drivers, it is still restrained by a few factors, which stunt this market’s growth. They are the high manufacturing costs of whey protein, health, and safety concerns of the same, and the stringent regulatory concerns and required certifications for marketing whey protein.


Global Whey Protein Market – Segment Analysis

By type, the global Whey Protein Market is segmented into Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), and Demineralized Whey Protein (DWP). It is expected that WPC will dominate the overall whey protein market during the forecast period. Concentrates typically have low level of fat and cholesterol and higher level of carbohydrates (in the form of lactose) and bioactive compounds.

Isolates are formed by removing the lactose and fat component, and have low level of bioactive compounds. Hydrolysates are comparatively more expensive as compared to isolates and concentrates and are partially hydrolyzed, thus, making its metabolism easy. Furthermore, it also bears lower risk of causing allergy than the other forms of whey. Native whey is the purest form of whey protein and is extracted from skim milk. Among these, the highest growth rate is anticipated to be from WPI and WPH, whereas WPC owns greater market.


Global Whey Protein Market– Geographical Analysis

By geography, the global Whey Protein market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).

Europe and North America are the largest contributors to the whey protein market on account of increased whey protein production and distribution in countries, including United States in North America, and Germany, UK and Lithuania in Europe. In Asia-Pacific, China is the fastest growing market followed by South Korea, Thailand, and India due to increasing awareness toward about protein supplements. The North American whey protein market is mostly driven by global forces such as liberalization in trade, growing demand of whey in Mexico and Canada.

Whey protein market of Asia-Pacific is growing rapidly due to various reasons associated with socio-economic trends in the region. Major producers of food and beverages in Asia are now capitalizing on the functional benefits of whey protein as an important ingredient for the market of sports nutrition and are developing wide range of whey protein products through research and developments. China, India, Thailand and Vietnam are the promising and high growth countries in the region. In South America, Brazil accounted for majority share in region, followed by Colombia, Peru, and Chile.


Global Whey Protein Market– Competitive Analysis

Key players are adopting strategies such as mergers and acquisitions, partnerships, regional expansion, and product launches to stand out as strong competitors in the market. Global Whey Protein Market is a competitive market with the presence of various global and regional players in the market. Major players are conducting surveys and collaborating with customers, especially in Asia-Pacific region to supply products specific to local taste and conditions. Key global players are also focused on reducing the cost of production and increase scale, thereby gain advantage over local producers. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by producers to generate demand.

Intense rivalry among top players in the market has started fierce competition at various levels for developing new product, setting low price, driving aggressive marketing strategies and new product launches according consumers’ preference.

Major players in the market are Agropur (Davisco Business Unit), Arla Foods, Fonterra Co-operative Group, Milk Specialties, and Glanbia. Other key players in the market include Hilmar Cheese Company, Maple Island Inc., Foremost Farms, Valio Ltd, and DMK Group.


Why Purchase the Report?

·Identify commercial and residential opportunities in global Whey Protein Market by analyzing trends and co-development deals.

·Excel data sheet with thousands of data points of the global Whey Protein Market - level 3/5 segmentation.

·PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

·Product mapping in excel for the key products of all major market players


Target Audience:

·Equipment Suppliers/ Buyers

·Service Providers/ Buyers

·Industry Investors/Investment Bankers

·Education & Research Institutes

·Research Professionals

·Emerging Companies

·Manufacturers


1.Global Whey Protein Market Methodology and Scope

1.1. Research Methodology

1.2. Research Objective and Scope of the Report

2.Global Whey Protein Market – Market Definition and Overview

3.Global Whey Protein Market – Executive Summary

3.1. Market Snippet by Application

3.2. Market Snippet by Type

4.Global Whey Protein Market – Market Dynamics

4.1. Market Impacting Factors

4.1.1.Drivers

4.1.1.1.Increase in awareness about the benefits of whey protein

4.1.1.2.Growing health and wellness trends

4.1.2. Restraints

4.1.2.1.Health concerns regarding side effects of whey protein

5.Global Whey Protein Market – Industry Analysis

5.1. Porter's Five Forces Analysis

6.Global Whey Protein Market – By Application

6.1. Introduction

6.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application segment

6.1.2. Market Attractiveness Index, By Application Segment

6.1.2.1.Food and beverages*

6.1.2.1.1.Introduction

6.1.2.1.2.Market Size Analysis and Y-o-Y Growth Analysis (%)

6.1.2.2.Nutrition products and pharmaceuticals

6.1.2.3.Feed

6.1.2.4.Others

7.Global Whey Protein Market – By Type

7.1.Introduction

7.1.1.Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

7.1.2.Market Attractiveness Index, By Type

7.1.2.1.Whey Protein Concentrate (WPC)*

7.1.2.1.1.Introduction

7.1.2.1.2.Market Size Analysis and Y-o-Y Growth Analysis (%)

7.1.2.2.Whey Protein Isolate (WPI)

7.1.2.3.Hydrolyzed Whey Protein (HWP)

7.1.2.4.Demineralized Whey Protein (DWP)                      

8.Global Whey Protein Market – By Region

8.1.Introduction

8.1.1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region

8.1.2. Market Attractiveness Index, By Region

8.2.North America

8.2.1. Introduction

8.2.2. Key Region-Specific Dynamics

8.2.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.2.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

8.2.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.2.5.1.U.S.

8.2.5.2.Canada

8.2.5.3.Mexico

8.3.Europe

8.3.1. Introduction

8.3.2. Key Region-Specific Dynamics

8.3.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.3.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

8.3.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.3.5.1.Germany

8.3.5.2.U.K.

8.3.5.3.France

8.3.5.4.Rest of Europe

8.4.South America

8.4.1. Introduction

8.4.2. Key Region-Specific Dynamics

8.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

8.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.4.5.1.Brazil

8.4.5.2.Argentina

8.4.5.3.Rest of South America

8.5.Asia Pacific

8.5.1. Introduction

8.5.2. Key Region-Specific Dynamics

8.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

8.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country

8.5.5.1.China

8.5.5.2.Japan

8.5.5.3.South Korea

8.5.5.4.Rest of Asia Pacific

8.6.Middle East and Africa

8.6.1. Introduction

8.6.2. Key Region-Specific Dynamics

8.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application

8.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Type

9.Global Whey Protein Market – Competitive Landscape

9.1.1. Competitive Scenario

9.1.2. Market Positioning/Share Analysis

9.1.3. Mergers and Acquisitions Analysis

10. Company Profiles

10.1. Agropur*

10.1.1.1.  Company Overview

10.1.1.2.  Product Portfolio and Description

10.1.1.3.  Key Highlights

10.1.1.4.  Financial Overview

10.2. Arla Foods

10.3.Fonterra Co-operative Group

10.4.Milk Specialties

10.5.Glanbia

10.6.Hilmar Cheese Company

10.7.Maple Island Inc.

10.8.Foremost Farms

10.9.Valio Ltd

10.10.DMK Group

11.Global Whey Protein Market – Premium Insights

12.Global Whey Protein Market – DataM

12.1.Appendix

12.2.About Us and Services

12.3.Contact Us

List of Tables

Table 01 Global Whey Protein Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 02 Global Whey Protein Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 03 Global Whey Protein Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 04 Global Whey Protein Market Value, By Application, 2018,2022 & 2026 ($ Million)

Table 05 Global Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 06 Global Whey Protein Market Value, By Type, 2018,2022 & 2026 ($ Million)

Table 07 Global Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 08 Global Whey Protein Market Value, By Region, 2018,2022 & 2026 ($ Million)

Table 09 Global Whey Protein Market Value, By Region, 2017-2026 ($ Million)

Table 10 North America Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 11 North America Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 12 North America Whey Protein Market Value, By Country, 2017-2026 ($ Million)

Table 13 South America Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 14 South America Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 15 South America Whey Protein Market Value, By Country, 2017-2026 ($ Million)

Table 16 Europe Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 17 Europe Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 18 Europe Whey Protein Market Value, By Country, 2017-2026 ($ Million)

Table 19 Asia-Pacific Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 20 Asia-Pacific Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 21 Asia-Pacific Whey Protein Market Value, By Country, 2017-2026 ($ Million)

Table 22 Middle East & Africa Whey Protein Market Value, By Application, 2017-2026 ($ Million)

Table 23 Middle East & Africa Whey Protein Market Value, By Type, 2017-2026 ($ Million)

Table 24 Agropur: Overview

Table 25 Agropur: Product Portfolio

Table 26 Agropur: Key Developments

Table 27 Arla Foods: Overview

Table 28 Arla Foods: Product Portfolio

Table 29 Arla Foods: Key Developments

Table 30 Fonterra Co-operative Group: Overview

Table 31 Fonterra Co-operative Group: Product Portfolio

Table 32 Fonterra Co-operative Group: Key Developments

Table 33 Milk Specialties: Overview

Table 34 Milk Specialties: Product Portfolio

Table 35 Milk Specialties: Key Developments

Table 36 Glanbia: Overview

Table 37 Glanbia: Product Portfolio

Table 38 Glanbia: Key Developments

Table 39 Hilmar Cheese Company: Overview

Table 40 Hilmar Cheese Company: Product Portfolio

Table 41 Hilmar Cheese Company: Key Developments

Table 42 Maple Island Inc.: Overview

Table 43 Maple Island Inc.: Product Portfolio

Table 44 Maple Island Inc.: Key Developments

Table 45 Foremost Farms: Overview

Table 46 Foremost Farms: Product Portfolio

Table 47 Foremost Farms: Key Developments

Table 48 Valio Ltd: Overview

Table 49 Valio Ltd: Product Portfolio

Table 50 Valio Ltd: Key Developments

Table 51 DMK Group: Overview

Table 52 DMK Group: Product Portfolio

Table 53 DMK Group: Key Developments


List of Figures

Figure 01 Global Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 02 Global Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 03 Global Whey Protein Market Share, By Region, 2018 & 2026 (%)

Figure 04 Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 05 Global Whey Protein Market Y-o-Y Growth, By Application, 2018-2026 (%)

Figure 06 Food and beverages: Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 07 Nutrition products and pharmaceuticals: Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 08 Feed: Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 09 Others: Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 10 Global Whey Protein Market Y-o-Y Growth, By Type, 2018-2026 (%)

Figure 11 Whey Protein Concentrate (WPC): Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 12 Whey Protein Isolate (WPI): Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 13 Hydrolyzed Whey Protein (HWP): Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 14 Demineralized Whey Protein (DWP): Global Whey Protein Market Value, 2017-2026 ($ Million)

Figure 15 Global Whey Protein Market Y-o-Y Growth, By Region, 2018-2026 (%)

Figure 16 North America Whey Protein Market Value, 2017-2026 ($ Million)

Figure 17 North America Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 18 North America Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 19 North America Whey Protein Market Share, By Country, 2018 & 2026 (%)

Figure 20 South America Whey Protein Market Value, 2017-2026 ($ Million)

Figure 21 South America Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 22 South America Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 23 South America Whey Protein Market Share, By Country, 2018 & 2026 (%)

Figure 24 Europe Whey Protein Market Value, 2017-2026 ($ Million)

Figure 25 Europe Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 26 Europe Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 27 Europe Whey Protein Market Share, By Country, 2018 & 2026 (%)

Figure 28 Asia-Pacific Whey Protein Market Value, 2017-2026 ($ Million)

Figure 29 Asia-Pacific Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 30 Asia-Pacific Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 31 Asia-Pacific Whey Protein Market Share, By Country, 2018 & 2026 (%)

Figure 32 Middle East & Africa Whey Protein Market Value, 2017-2026 ($ Million)

Figure 33 Middle East & Africa Whey Protein Market Share, By Application, 2018 & 2026 (%)

Figure 34 Middle East & Africa Whey Protein Market Share, By Type, 2018 & 2026 (%)

Figure 35 Agropur: Financials

Figure 36 Arla Foods: Financials

Figure 37 Fonterra Co-operative Group: Financials

Figure 38 Milk Specialties: Financials

Figure 39 Glanbia: Financials

Figure 40 Hilmar Cheese Company: Financials

Figure 41 Maple Island Inc.: Financials

Figure 42 Foremost Farms: Financials

Figure 43 Valio Ltd: Financials

Figure 44 DMK Group: Financials

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