Whey Protein Market

Global Whey Protein Market Size (2024 to 2032)

As per our analysis report, the global whey protein market is expected to reach USD 16.13 billion by 2032 from USD 8.65 billion in 2024, growing at a compound annual growth rate (CAGR) of 8.10% during the forecast timeline.

Developing mindfulness about the advantages, for example, improvement in body quality, nearness of enhancing supplements and proteins, avoidance against hypersensitive conditions in newborn children, switch weight reduction in individuals with HIV, and cancer prevention agents safeguard is foreseen to drive the market over the estimated time frame.

MARKET DRIVERS

The rising interest in dairy products is forecast to strengthen the growth of the whey protein market worldwide in the coming years.

The growing interest in pediatric foods and expanding mindfulness about well-being among the populace is imagined to reinforce the development of the worldwide whey protein market in the up and coming years. Apart from this, an ascent in the notoriety of protein usage is foreseen to be the dynamic factor behind the development of the whey protein market over the prediction period. Furthermore, vitality-boosting items and rising discretionary cash flow are required to enhance the growth of the worldwide whey protein market during the forecast period. Expanding utilization of protein plans among newborn children is another factor anticipated to drive the Whey protein market over the forecast period. The quick development of the food business inferable from the developing populace, expanding buying force, and well-being mindfulness in the nations, for example, India, China, Indonesia, and Brazil, is required to fuel the market development over the next few years. Expanding extra cash of ranchers, one of the significant clients of animal feed is driving the interest in animal protein. For example, an organization named DSM serves creature feed with imaginative and manageable arrangements. Items that the organization serves are carotenoids, eubiotics, nutrients: OVN, ROVIMIX remain, and natural grass-took care of whey green powder.

Expanding applications in the individual consideration industry is relied upon to be a critical factor in boosting the development of the worldwide market. Items, for example, face care rest patches, eye cover gel, against wrinkle whey protein patches, hostile to maturing facial veil, whey protein brow veil, and hair fall and hair development cleanser by Katelyn are remembered for the individual consideration application portion of this market. Nations, for example, the U.S., U.K., Germany, India, and China, have seen an expansion sought after attributable to the rising prevalence of sports and wellness exercises among twenty to thirty-year-olds. Points of interest, for example, malignant growth battling capacity, diet backing, and stress decrease, are filling the development of the market. Whey protein items are increasing, expanding acknowledgment among wellness lovers attributable to a developing requirement for expanded physical quality and eagerness to guarantee legitimate food consumption.

Attributable to the multi-functionalities related to whey protein concentrates, for example, effectively edible, productive preparing, and financial applications have been barely any central point in increasing the market development in the nation. In addition, with the expanded utilization of sports sustenance among Indian youth, the interest in WPCs has risen, credited to its full application in the section. Also, whey protein offers a savvy choice to detail caramels with brilliant processability and excellent eating quality, expanding the allure of the ingredients. Younger people in India are progressively picking up enthusiasm for sports and wellness exercises, which, like this, is blasting the interest in sports sustenance. Further, sports drinks with joined whey protein have been picking up force as of late. The idea of sports drinks is generally new to Indian customers. Yet, with the steady increment in its mindfulness and accessibility, the games and drinks industry has seen a high development rate, as far as both worth and volume, in the ongoing past.

MARKET RESTRAINTS

Outrageous creation cost, well-being, security impacts, administering concerns, and accreditations are a portion of the critical components that are required to restrain the development of the global whey protein market in forthcoming years.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Whey Protein Market Analysis By Type

In 2018, concentrates drove the global whey protein market with an income of USD 3.4 billion. They comprise a low degree of fat, cholesterol, and lactose. Also, they contain vital segments that are wealthy in proteins and beneficial properties, having the best potential when utilized in processed foods. For example, Ora Organic gives an assortment of whey protein amasses as powder. This veggie-lover protein powder is accessible in different flavors, for example, chocolate, vanilla, and vanilla chai.

Global Whey Protein Market Analysis By Application

The food business drove the market and created an income of USD 3.4 billion in 2018. This fragment has been picking up footing inferable from the developing attention to the dietary advantages among the populace. Interest in substantial food items is becoming inferable from expanding well-being cognizant purchasers, for example, grown-ups and seniors, newborn children and babies, and middle-class wellness devotees. For instance, Boomers Nutrition produces protein vitality for 40+ individuals. Likewise, Carbery produces Optipep-specific pre-processed protein for newborn children. Organizations like Optimum Nutrition, an auxiliary of Glanbia, are among the most conspicuous players in the market.

The wholesome business is relied upon to extend at a CAGR of 8.7% from 2019 to 2025. Fragment development is ascribed to the accessibility of items such as cases, tablets, and powders to maintain wellness and provide adjusted sustenance to muscle recuperation after physical exercises. Individuals with higher reliable actuation, like proficient muscle heads and competitors, are the fundamental purchasers of nourishing items. Organizations, for example, Gaspari Nutrition, Universal Nutrition, Dymatize, and Muscle Tech, give wholesome things.

REGIONAL ANALYSIS  

In 2023, North America represented the most significant portion of 36.3%. Nations, for example, the U.S, drive the market development because of the nearness of wellbeing cognizant shoppers who are inclined toward including extra nourishment in their everyday dinners. The pattern towards utilization of protein items in types of foods and refreshments as all-set items drive the market towards the current position. Organizations, for example, Milk Specialties and Davis Foods International, are considered the noticeable player in the market there.

Asia Pacific is relied upon to develop as the quickest evolving industry, extending at a CAGR of 9.0% over the figure time frame. Increments in mindfulness with respect to protein supplements, changes in the way of life, the high extent of sports sustenance and individual consideration, expanding admission of food enhancements, and developing populace are the key variables driving the market in the district. Shoppers are prepared to burn through cash on protein supplements as they are perfect for the expanding populace participating in sports and games.

The development of the food industry in nations like India is a crucial factor in boosting the growth of the market. Immense open doors for sports food in countries like China, Japan, and India are driving the business. For example, Glanbia structured a whey inferred pro-libra chocolates, particularly for females, in APAC that objectives fat misfortune for stable weight the executives.

KEY PLAYERS IN THE GLOBAL WHEY PROTEIN MARKET

Major Key Players in the Global Whey Protein Market are Hilmar Cheese Company, Maple Island Inc, Glanbia, Saputo Inc, Davisco Foods International Inc, Alpavit, Fonterra Cooperative Group Ltd, Milk SpecialityGlobals, Wheyco Gmbh, Milkaut SA

RECENT HAPPENINGS IN THE MARKET

• To handle the lack of protein issue, MuscleBlaze has launched Biozyme Whey Isolate in the Indian market. It is created by the protein prerequisite of Indians and has been tried clinically. The tests indicated a 50 percent higher ingestion contrasted with other whey proteins with its Enhanced Absorption Formula (TM) (EAF). Biozyme Whey Isolate, which is accessible in a 2 kg pack, will be an expansion to the MuscleBlaze whey protein portfolio, being available at a severe cost.
• The most recent move in the extending technique of Parag Milk Foods is to dispatch the new Avatar line that takes advantage of the inexorably standard intrigue of whey protein items.

DETAILED SEGMENTATION OF GLOBAL WHEY PROTEIN MARKET INCLUDED IN THIS REPORT   

This research report on the global whey protein market has been segmented and sub-segmented based on type, application, & region.            

By Type

• Isolates
• Concentrates
• Hydro lysate

By Application

• Nutritional
• Personal Care
• Food
• Feed

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa