Whey Protein Market Expected To Surpass USD 12.4 Billion By 2021

03-Jan-2020 | Zion Market Research

The global whey protein market is likely to propel in the forecast period with the active participation of player like Agropur MSI, Arla Foods, Glanbia Plc, DMK Group, American Dairy Products Institute, and Westland Milk Products. As per the Zion Market Research analysts, the global whey protein market in 2015 accounted for USD 8.2 Billion and is projected to surpass USD 12.4 Billion by 2021’s end, growing at around 7.2% CAGR between 2016 and 2021.

This review is based on a report by Zion Market Research, titled “Whey Protein Market (Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI) and Hydrolyzed Whey Protein (HWP))for Dietary Supplement, Pharmaceutical and Clinical Nutrition, Bakers and Confectionaries, Snacks and Dairy Products and Others Application-Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021”- Report at https://www.zionmarketresearch.com/report/whey-protein-market

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Increase In The Fraction Of Elderly Population To Propel The Global Whey Protein Market Growth

In the coming period, the global whey protein market is anticipated to witness the maximum growth due to increase in the proportion of elderly people worldwide. Further, the increasing trend of health club and fitness center is also projected to positively influence the global whey protein market growth. Furthermore, the keen interest of youngster to sports and nutrition will probably promote the expansion of the global whey protein market. In addition, carrying chicken or fish is not handy compared to whey protein drink. On top of this, a number of mergers by prominent players is likely to promote the global whey protein market growth. To cite, Leeds-situated Arla Foods in February 2018 confirmed that it was to buy a unit of the Yeo Valley Group, Yeo Valley Dairies, in a multi-million-pound pact to upsurge the business of the former. This, in turn, propelled the global whey protein market growth.

Europe To Dominate The Global Whey Protein Market In The Coming Period

Regionally, Europe was the largest market for whey protein in 2015 on the basis of income and this growth can be attributed to the increasing number of elderly population and ease of access to fitness clubs. Additionally, the global whey protein market has several prospects in the budding market such as Asia Pacific and Latin America on account of the rise in disposable income and increase in consciousness. Furthermore, these regions have a customary user base as a result of the following western culture toward technological advancements and healthcare. Asia Pacific is a promising market and is projected to unravel avenues for producers of whey protein in the forecast period driving the global whey protein market growth.

Global Whey Protein Market To Be Governed By Dietary Supplement In The Forecast Period

In application section, the global whey protein market is dominated by dietary supplement. Globally, dietary supplements sector holds the 60% of entire whey protein market. This expansion is mainly because of the customers’ purchasing behavior along with the rising interest of the youngsters in fitness. Pharmaceutical and clinical nutrition sectors are projected to experience substantial growth in the forecast period on account of insufficient protein quantities in the developing nations. To beat the protein deficiency problem, medicated proteins sanctioned by the healthcare consultant Y nutritionist are utilized. The global whey protein market, based on type, is categorized into WPC (Whey Protein Concentrate), HWP (Hydrolyzed Whey Protein), and WPI (Whey Protein Isolate). On the basis of revenue, 27% was accounted by WPC of global whey protein market.

This report segments the global whey protein market as follows:-

Global Whey protein market: Type Segment Analysis

  • Whey Protein Concentrate (WPC)
  • Whey Protein Isolate (WPI)
  • Hydrolyzed Whey Protein (HWP)

Global Whey Protein market: Application Segment Analysis

  • Dietary Supplement
  • Pharmaceutical And Clinical Nutrition
  • Bakers And Confectionaries
  • Snacks And Dairy Products
  • Others

Global Whey Protein market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

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