25-Sep-2018 | Zion Market Research
According to the researchers at Zion Market Research, the value of the global Whey Protein market in 2019 was about USD 7.9 billion and is projected to grow at nearly 7.9% CAGR during the forecast timeline along with attaining a value of approximately USD 13.4 billion by 2026. The major players influencing the global Whey Protein market growth are Davisco Foods International, Inc., Glanbia, Hilmar Cheese Company, Milk Specialties Global, and Maple Island, Inc.
Growing Trend For Healthy Living To Prompt Market Surge Over 2020-2026
Surge in the incidences of lifestyle related disorders coupled with increase in health awareness among the people will favorably transform the market dynamics over the years ahead. With whey proteins possessing anti-bacterial features as well as anti-hypertensive characteristics, it has found plethora of applications across food sector. In addition to this, shelf life of the product is higher as compared to other dairy items and hence it is highly popular in the food sector. This, in turn, will steer the market trends.
Food & Beverage Segment To Dominate Application Landscape By 2026
The dominance of the segment over the ensuing years can be attributed to massive use of the whey protein in food & beverages for weight loss, minimizing the levels of cholesterol, enhancing the bone density, and minimizing the risk of heart disorders. Apart from this, the product serves as low-cost substitute for high cost dairy items like fat, cream, cheese, and butter. Apparently, it is utilized as a substitute for eggs in dressings, no-rise baked items, and mayonnaise across the food sector. Many of the beverages like plain whey beverages and de-protein whey beverages are produced by using whey proteins.
North America To Make Notable Contributions Towards Overall Market Size
The growth of the market in the region over the assessment timeline is owing to increase in the sales of dairy products with whey protein as one of the key components. Growing adoption of healthy lifestyles in the countries like the U.S. and Canada will propel the business growth in the region over the assessment timeline. Apart from this, rise in the demand for protein in dietary supplements with growing health consciousness among the consumers along with the changes witnessed in the purchasing patterns will proliferate the expansion of the industry in the region over the forecast timeline.
Key players profiled in the study include Glanbia, Davisco Foods International, Inc., Hilmar Cheese Company, Milk Specialties Global, and Maple Island, Inc.
Browse the full “Whey Protein Market- by Type (Isolates, Concentrates, Hydrolysate)- Global Industry Perspective Comprehensive Analysis and Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/whey-protein-market
The global whey protein market is segmented as follows:
Global Whey Protein Market: Type Segment Analysis
Global Whey Protein Market: Regional Segment Analysis
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