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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512757
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1512757
Whey Protein Market Share, Size, Trends, Industry Analysis Report, By Type; By Application; By Regions; Segment Forecast, 2024 - 2032
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PAGES: 116 Pages
DELIVERY TIME: 1-2 business days
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The global whey protein market size is expected to reach USD 17.94 billion by 2032 according to a new study by Polaris Market Research. The report "Whey Protein Market Share, Size, Trends, Industry Analysis Report, By Type (Isolates, Concentrates, Hydrolysates); By Application (Nutritional Supplements, Personal Care, Food & Beverages, Animal Feed & Pet Food); By Regions; Segment Forecast, 2024 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Changing consumer lifestyle across the regions is pressurizing companies to include processed whey protein in packaged foods, which can replace costly ingredients such as cream, cheese, and butter without disturbing original formulations. Increased competition in the food industry is also prompting firms to include functional ingredients to strengthen their portfolio of offerings.
Whey protein also has significant use in the personal care market, owing to its hydrating and conditioning properties. The rising penetration of e-commerce channels and increasing population of working women will favor the adoption of whey protein in the concerned market.
Asia Pacific market is projected to register a lucrative market growth rate over the study period. Rising domestic demand for dairy and bakery items in hugely populated countries like India and China with easy availability of raw materials is primarily responsible for the region's whey protein demand growth.
Moreover, rising health awareness, increasing fitness centers, and remarkable growth of whey protein demand in the dairy and beverage industry coupled with rising purchasing power parity of consumers also boosted the market demand for functional foods with high protein content.
The high demand for nutritional foods and increasing penetration of the food processing industry with the launch of innovative price-sensitive products in the market also supported the region's whey protein demand growth.
Market participants operating in the whey protein industry include Hilmar Cheese Company, Inc., Glanbia plc, Fonterra Co-operative Group Ltd, Saputo Inc., Arla Foods, Alpavit, Milk Specialties, Carbery Group, Wheyco GmbH, LACTALIS Ingredients, Davisco Foods International, Inc., Milkaut SA, Olam International, Leprino Foods Company, and Maple Island Inc.
The companies in the emerging nations are introducing new products in the market. For instance, in February 2021, LILI Cheese, a Sri Lanka-based company introduced a ready-to-serve whey beverage in collaboration with National Science Foundation. It is a popular and important nutrition source among sportspersons. The objective of the initiative was to found whey beverages rich in natural proteins with high organoleptic characteristics for all age groups.
Polaris Market Research has segmented the whey protein market report on the basis of type, application, and region:
Whey Protein, Type Outlook (Revenue - USD Million, 2019 - 2032)
- Isolates
- Concentrates
- Concentrate 35
- Concentrate 50
- Concentrate 60-80
- Hydrolysates
Whey Protein, Application Outlook (Revenue - USD Million, 2019 - 2032)
- Nutritional Supplements
- Personal Care
- Food & Beverages
- Animal Feed & Pet Food
Whey Protein, by Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Austria
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Central & South America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM1860
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Whey Protein Market Insights
- 4.1. Whey Protein - Industry snapshot
- 4.2. Whey Protein Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising adoption of protein rich diet among millenials
- 4.2.1.2. Lifestyle borne chronic conditions
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Milk allergies and product adulteration
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Whey Protein Market Industry trends
5. Whey Protein Market Assessment by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 5.3. Whey Protein Isolates
- 5.3.1. Global Whey Protein Market, by Whey Protein Isolates, by Region, 2019 - 2032 (USD Million)
- 5.4. Whey Protein Concentrates
- 5.4.1. Global Whey Protein Market, by Whey Protein Concentrates, by Region, 2019 - 2032 (USD Million)
- 5.4.2. Concentrate 35
- 5.4.2.1. Concentrate 35 Whey Protein Market, by Region, 2019 - 2032 (USD Million)
- 5.4.3. Concentrate 50
- 5.4.3.1. Concentrate 50 Whey Protein Market, by Region, 2019 - 2032 (USD Million)
- 5.4.4. Concentrate 60-80
- 5.4.4.1. Concentrate 60-80 Whey Protein Market, by Region, 2019 - 2032 (USD Million)
- 5.5. Whey Protein Hydrolysates
- 5.5.1. Global Whey Protein Market, by Whey Protein Hydrolysates, by Region, 2019 - 2032 (USD Million)
6. Global Whey Protein Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 6.3. Nutritional Supplements
- 6.3.1. Global Whey Protein Market, by Nutritional Supplements, By Region, 2019 - 2032 (USD Million)
- 6.4. Food & Beverages
- 6.4.1. Global Whey Protein Market, by Food & Beverages, by Region, 2019 - 2032 (USD Million)
- 6.5. Animal Feed & Pet Food
- 6.5.1. Global Whey Protein Market, by Animal Feed & Pet Food, by Region, 2019 - 2032 (USD Million)
7. Whey Protein Market Assessment by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Whey Protein Market Assessment, By Geography, 2019 - 2032 (USD Million)
- 7.3. Whey Protein Market - North America
- 7.3.1. North America: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.3.2. North America: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.3.3. Whey Protein Market - U.S.
- 7.3.3.1. U.S.: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.3.3.2. U.S.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.3.4. Whey Protein Market - Canada
- 7.3.4.1. Canada: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.3.4.2. Canada.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4. Whey Protein Market - Europe
- 7.4.1. Europe: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.2. Europe: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.3. Whey Protein Market - UK
- 7.4.3.1. UK: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.3.2. UK: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.4. Whey Protein Market - France
- 7.4.4.1. France: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.4.2. France: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.5. Whey Protein Market - Germany
- 7.4.5.1. Germany: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.5.2. Germany: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.6. Whey Protein Market - Italy
- 7.4.6.1. Italy: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.6.2. Italy: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.7. Whey Protein Market - Spain
- 7.4.7.1. Spain: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.7.2. Spain: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.8. Whey Protein Market - Netherlands
- 7.4.8.1. Netherlands: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.8.2. Netherlands: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.4.9. Whey Protein Market - Austria
- 7.4.9.1. Austria: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.4.9.2. Austria: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5. Whey Protein Market - Asia-Pacific
- 7.5.1. Asia Pacific: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.2. Asia Pacific: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.3. Whey Protein Market - China
- 7.5.3.1. China: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.3.2. China: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.4. Whey Protein Market - India
- 7.5.4.1. India: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.4.2. India.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.5. Whey Protein Market - Malaysia
- 7.5.5.1. Malaysia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.5.2. Malaysia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.6. Whey Protein Market - Japan
- 7.5.6.1. Japan: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.6.2. Japan: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.7. Whey Protein Market - Indonesia
- 7.5.7.1. Indonesia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.7.2. Indonesia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.5.8. Whey Protein Market - South Korea
- 7.5.8.1. South Korea: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.5.8.2. South Korea.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.6. Whey Protein Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.6.2. Middle East & Africa.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.6.3. Whey Protein Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.6.3.2. Saudi Arabia.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.6.4. Whey Protein Market - UAE
- 7.6.4.1. UAE: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.6.4.2. UAE: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.6.5. Whey Protein Market - Israel
- 7.6.5.1. Israel: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.6.5.2. Israel: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.6.6. Whey Protein Market - South Africa
- 7.6.6.1. South Africa: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.6.6.2. South Africa: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.7. Whey Protein Market - Latin America
- 7.7.1. Latin America: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.7.2. Latin America: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.7.3. Whey Protein Market - Mexico
- 7.7.3.1. Mexico: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.7.3.2. Mexico.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.7.4. Whey Protein Market - Brazil
- 7.7.4.1. Brazil: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.7.4.2. Brazil.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- 7.7.5. Whey Protein Market - Argentina
- 7.7.5.1. Argentina: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- 7.7.5.2. Argentina.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisition
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Hilmar Cheese Company, Inc.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Saputo Inc.
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Glanbia plc
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Fonterra Co-operative Group Ltd
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Arla Foods
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Wheyco GmbH
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Milk Specialties
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Carbery Group
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Milkaut SA
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Leprino Foods Company
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Davisco Foods International, Inc
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Olam International
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. LACTALIS Ingredients
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Alpavit
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. Maple Island Inc.
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
Product Code: PM1860
List of Tables
- Table 1 Global Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 2 Global Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 3 Whey Protein Market Assessment, By Geography, 2019 - 2032 (USD Million)
- Table 4 North America: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 5 North America: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 6 U.S.: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 7 U.S.: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 8 Canada: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 9 Canada: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 10 Europe: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 11 Europe: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 12 UK: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 13 UK: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 14 France: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 15 France: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 16 Germany: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 17 Germany: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 18 Italy: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 19 Italy: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 20 Hungary: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 21 Hungary: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 22 Croatia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 23 Croatia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 24 Austria: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 25 Austria: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 26 Asia Pacific: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 27 Asia Pacific: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 28 China: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 29 China: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 30 India: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 31 India: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 32 Malaysia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 33 Malaysia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 34 Japan: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 35 Japan: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 36 Indonesia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 37 Indonesia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 38 Australia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 39 Australia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 40 Middle East & Africa: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 41 Middle East & Africa: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 42 Saudi Arabia: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 43 Saudi Arabia: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 44 UAE: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 45 UAE: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 46 Israel: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 47 Israel: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 48 South Africa: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 49 South Africa: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 50 Latin America: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 51 Latin America: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 52 Mexico: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 53 Mexico: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 54 Brazil: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 55 Brazil: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
- Table 56 Argentina: Whey Protein Market, By Type, 2019 - 2032 (USD Million)
- Table 57 Argentina: Whey Protein Market, By Application, 2019 - 2032 (USD Million)
List of Figures
- Figure 1 Market Highlights (2020, Revenue)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top Down & Bottom Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by Type
- Figure 7 Global Whey Protein Market, By Type, 2023 & 2032 (USD Million)
- Figure 8 Market by Application
- Figure 9 Global Whey Protein Market, By Application, 2023 & 2032 (USD Million)
- Figure 10 Whey Protein Market Assessment, By Geography, 2019 & 2032 (USD Million)
- Figure 11 Strategic Analysis - Whey Protein Market
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