Dublin, June 28, 2021 (GLOBE NEWSWIRE) – The Whey Protein Market Share, Size, Trends, Industry Analysis Report, by Type; by application; by regions; segment forecast, 2021 – 2028 â the report was added to ResearchAndMarkets.com offer.
Global Whey Protein Market Size Expected To Reach USD 18.61 Billion By 2028
Changing lifestyles of consumers in the regions are pushing companies to include processed whey protein in packaged foods, which can replace expensive ingredients like cream, cheese, and butter without disrupting the original formulations. Increased competition in the food industry is also prompting companies to include functional ingredients to strengthen their portfolio of offerings.
Whey protein also has significant use in the personal care market, due to its moisturizing and conditioning properties. The increasing penetration of e-commerce channels and the growing population of working women will drive the adoption of whey protein in the relevant market.
The Asia-Pacific market is expected to register a lucrative market growth rate during the study period. The increased domestic demand for dairy and bakery products in highly populated countries like India and China with easy availability of raw materials is mainly responsible for the growth in demand for whey protein in the region.
In addition, the growing health awareness, the increase in fitness centers and the remarkable growth in demand for whey protein in the dairy and beverage industry, together with the increase in the parity of purchasing power of consumers, have also stimulated market demand for high protein functional foods.
Strong demand for nutritional foods and increasing penetration of the food processing industry with the launch of innovative price sensitive products in the market has also supported the growth in demand for whey protein in the region.
Market players operating in the whey protein industry include Hilmar Cheese Company, Inc., Glanbia plc, Fonterra Co-operative Group Ltd, Saputo Inc., Arla Foods, Alpavit, Milk Specialties, Carbery Group, Wheyco GmbH, LACTALIS Ingredients, Davisco Foods International, Inc., Milkaut SA, Olam International, Leprino Foods Company and Maple Island Inc.
Companies in emerging countries are introducing new products to the market. For example, in February 2021, LILI Cheese, a Sri Lanka-based company, launched a ready-to-serve whey drink in collaboration with the National Science Foundation. It is a popular and important source of nutrition among athletes. The aim of the initiative was to find whey drinks rich in natural proteins with high organoleptic characteristics for all age groups.
Main topics covered:
2. Executive summary
3. Research methodology
4. Overview of the Whey Protein Market
4.1. Whey Protein – Industry Snapshot
4.2. Whey Protein Market Dynamics
4.3. Porter’s Five Forces Analysis
4.4. PESTLE analysis
4.5. Whey Protein Market Industry Trends
6. Global Whey Protein Market, By Application
6.1. Main conclusions
6.3. Food supplements
6.4. Food and drinks
6.5. Animal feed and pet food
7. Whey Protein Market Assessment by Geography
7.1. Main conclusions
8. Competitive landscape
8.1. Expansion and acquisition analysis
8.2. Partnerships / Collaborations / Agreements / Exhibitions
9. Chapter 9. Company Profiles
9.1. Hilmar Cheese Company, Inc.
9.2. Saputo inc.
9.3. Glanbia plc
9.4. Fonterra Cooperative Group LtÃ©e
9.5. Arla Foods
9.6. Wheyco GmbH
9.7. Milk Specialties
9.8. Carbery Group
9.9. Milkaut SA
9.10. Leprino Food Company
9.11. Davisco Foods International, Inc
9.12. Olam International
9.13. LACTALIS Ingredients
9.15. Maple Island Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/vmuwdt
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900