The Whey Protein Market report focuses on company overview, financial standing, global market position, revenue contribution, production and manufacturing capacity, and business expansion plans. It also focuses on recent mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches, and brand promotions, among others. The study includes SWOT analysis and Porter’s Five Forces analysis to provide a comprehensive overview of the competitive landscape.
According to the current analysis of Reports and Data, the global Whey Protein Market was valued at USD 2.27 billion in 2019 and is expected to reach USD 3.25 Billion by year 2027, at a CAGR of 4.5%. As the consumers are moving towards cleaner product labels, nutritionally enhanced diets and meat substitutes, Whey Protein has become an important food ingredient because of its nutritional values. The global food trade is expanding and becoming increasingly international in its nature.
The food and beverage industry is involved in transforming raw food materials into consumer food products. The sector includes groceries, oils and fats, food additives, functional foods and beverages, canned food, packaged foods, health and natural foods, baby food, animal food, syrup, baked food, soft drinks, alcoholic and non-alcoholic drinks, energy drinks, and packaging. The companies in this industry are looking for innovations in food that meet the changing consumer’s preferences in terms of global flavors, and varieties. The touchless transactions, open kitchen concept, ghost kitchens and e-commerce trends (especially during Covid 19) are reshaping the food and beverage sector.
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Key Companies:
Manildra Group, Cargill Incorporated, Archer Daniels Midlands Company, MGP Ingredients Inc., Crespel Deiters, ADM, Agrana, Tereos Syral, Glico Nutrition, Gluten and Almidones Industry, among others are leading players involved in the market.
Further key findings from the report suggest:
- By application, the bakery snacks segment is the most prominent segment of the Whey Protein market. Baked goods snacks often make use of wheat ingredients containing a high protein component in order to make the products healthy.
- Animal feed requires protein-rich components to make a healthy diet for both farm animals and pets. Protein derived from wheat is the best choice due to its nutritional characteristics. This application segment is expected to register the fastest rate of growth at 5.3% in the Whey Protein market.
- By product type, wheat gluten had the largest share of 38.7% in the Whey Protein market in 2018. This protein acts for nutritional purposes and also helps as a binding agent. It helps to give an appropriate texture to dough.
- Protein isolates derived from wheat is expected to register the highest CAGR of 5.2% under the product category during the forecast period. It has a high protein content and is useful for muscle growth.
Market-O-Nomics:
- Whey Protein helps in many processes such as emulsification, binding, foaming, texturing, viscoelasticity, adhesion and extensibility. These factors are shaping a favorable growth scenario for the product in a rapidly growing food industry.
- As of 2018, wheat gluten was the leading product segment of the global market with a market share of 38.7%.
- Whey Protein isolate held a market share of 27.3% in 2018 and is expected to grow at the highest CAGR of 5.2% during the forecast period.
- Under the application segment, bakery and snacks held the most prominent market share of 29.9% in 2018.
- The animal pet feed segment is expected to register the fastest CAGR of 5.3% during the forecast period.
- By form, the dry form is estimated to hold the largest share in the market during the forecast period.
- Whey Protein with 95% Concentration are believed to be the most expensive type. They are majorly used in dietary supplement formulations.
- Emulsification and binding functionalities acquire the largest share by function.
- Asia Pacific segment will witness favorable growth of the market and the region is expected to register a CAGR of 6% during the forecast period.
- North America held the largest market share of 41.2% in the global market in the base year 2018.
Market Segmentation:
Product Type (Revenue, USD Million; 2017–2027)
- Gluten
- Protein Isolate
- Textured Protein
- Hydrolyzed Protein
Form (Revenue, USD Million; 2017–2027)
- Dry
- Liquid
Concentration (Revenue, USD Million; 2017–2027)
- 75%
- 85%
- 95%
Function (Revenue, USD Million; 2017–2027)
- Emulsification
- Binding
- Foaming
- Texturing
- Viscoelasticity
- Adhesion Extensibility
Application (Revenue, USD Million; 2017–2027)
- Animal and Pet Feed
- Bakery and Snacks
- Nutritional Supplements
- Dairy Products
- Cosmetics and Personal Care
- Processed Meat
- Others
Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of the Europe
- Asia Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Middle East and Africa
- Latin America
- Brazil
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Radical Features of the Whey Protein Market Report:
- Valuable insights into the Whey Protein market to impart an in-depth understanding of the business verticle
- An 8-year forecast estimation along with an analysis of key elements of the market
- Technological advancements, regulatory framework, and recent developments covered in the report
- Growth analysis and projections until 2027
- Statistical analysis of the key players operating in the Whey Protein industry
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