The Europe Condensed Whey Market is expected to reach over USD 800 Million by the end of the assessment period 2024 - 2029. Whey is one of the largest reservoirs of dietary protein available today. It is nothing but a liquid that remains after milk has been curdled and filtered. Whey protein is composed of serum albumin, alpha-lactalbumin, β-lactoglobulin, protease-peptones, and immunoglobulins, making it one of the largest sources of protein. It is classified according to its source as sweet whey and sour whey. Soft whey is obtained from the processing of hard cheese, such as Swiss cheese or cheddar cheese.
In contrast, sour whey is made from acidic dairy products, such as yogurt and cottage cheese. However, this whey protein is highly perishable, and its use in liquid form is minimal, and therefore whey needs to be reduced in condensed or powdered form. The condensation of the serum reduces the volume of the liquid and increases the consistency of the liquid; the product obtained is called condensed serum. The condensed whey is dried into a powder and is marketed as an essential ingredient in various food products for the intake by humans and animals.
Condensed whey is increasingly used nowadays in the food and beverage industry in different applications such as dairy products, baked goods, baby food, meat production, drinks, sauces, soups, salad dressings and creams. Condensed whey is mainly used in the processing of bread and other baked goods. It is also used with fruits and jams in various fillings and spreads in confectionery. Furthermore, condensed whey is also used in the preparation of whey sweets, such as whey caramel, whey toffy, and whipped whey fudge.
Condensed whey is the most valuable and nutritious protein available on the market, which will facilitate the development of the global condensed whey market, and supported by the increasing applications of condensed whey in the production of various food and beverage products. The expanding awareness of the physical appearance and nutritional importance of serum to improve muscle strength in sports enthusiasts should stimulate growth. The product also finds application in the formulation of infant food preparations to satisfy their nutritional needs. Significant spending on child care among working-class professionals in developed countries, including Germany, France, and the United Kingdom, after extensive branding campaigns for child health by healthcare organizations. Regulations are expected to open new avenues in the near future.
In recent years, companies like Optimum Premium and IdealLean have launched condensed whey products, especially for women who can lose weight and help build lean, toned muscles. This factor should stimulate the demand for products in the coming years. The rising bakery and confectionery industry is the primary driver of the increasing demand for condensed whey, as it is used as one of the key ingredients in these products. Additionally, condensed milk is used in various ready-to-drink beverages as a source of protein to meet an individual's body needs. The increasing use of condensed whey as a protein supplement and in infant formulas will have a positive influence on product sales. Manufacturers of animal nutrition products use condensed whey in their feed and formulations to improve their product offerings and provide animals with sufficient protein and feed. The growing animal feed industry is also a primary driver of the increasing demand for condensed whey.
Agri-Mark collaborated with the New York’s Chateaugay Cooperative and purchased the assets of McCadam Cheese, which included a manufacturing unit in Chateaugay. McCadam makes award-winning Cheddar, Muenster, and European New York cheeses. Most condensed whey solids are processed and dried into powder within 8 hours of cheese making.
DMK Group and Volac ended their joint participation in DV Nutrition (DVN), which is touted to help DMK to perform in more lucrative and higher value-added markets such as baby food, clinical nutrition, and food applications in Asia pacific. DVN will be integrated into the "whey ingredients" division within the industry business unit and will be managed by the wheyco subsidiary.
Whey-based dairy ingredients reported to be used nationally in human consumption last year totaled 1.155 million pounds, down 13.3% from 2015, according to the 2016 Dairy Utilization Report.
The market for Europe Condensed Whey has been classified on the basis of geography into the United Kingdom, Germany, France, Italy, Spain, and the rest of Europe. Europe generated sales of more than $ 800 million in 2018. The main markets in this region are France, Germany, the United Kingdom, Italy, Spain, and Poland. The high concentration of dairy processing facilities in countries such as the UK, Ireland, and France should encourage food and beverage companies to link up and enter the condensed whey industry value chain in the near future.
COVID-19 will continue to impact the food and beverage industry and its supply chains. After this pandemic, restaurants will be more careful with their operation. The practice of wearing masks while cooking and using disinfectants would be implemented, and the definition of hygiene for restaurants could be changed. We anticipate higher rates for the coming months and will have to recalibrate our approach accordingly. The on-the-go model, which is already gaining ground, will become more popular in the coming months. The fear of staying in unfamiliar places will continue, so more and more people will prefer more food to go or just have their coffee to go. The focus will also be on healthier, freshly prepared foods rather than frozen foods.
Leprino Foods Company Inc had the largest share of the Europe Condensed Whey Market in terms of sales and revenue in 2019.
Key players in the Europe Condensed Whey Market include Fonterra Co-operative Group Limited, Leprino Foods Company Inc, Saputo Inc, Chicago Dairy Corporation, Agropur Inc, Berkshire Dairy and Food Products, Agri-Mark Inc, Associated Milk Producers Inc, Dairy Farmers of America, and Foremost Farms USA Cooperative.
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