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Whey Protein Global Market Report 2022: Increasing Research and Development Activities in the Food Industry Present Opportunities
Dublin, Jan. 05, 2023 (GLOBE NEWSWIRE) -- The "Whey Protein - Market Insights, Competitive Landscape, and Market Forecast - 2027" report has been added to ResearchAndMarkets.com's offering.
The global whey protein market is estimated to grow at a CAGR of 8.36% during the forecast period from 2022 to 2027. The whey protein market is observing optimistic market growth due to rising consumer awareness about having a protein-rich diet, the growing usage of protein-rich supplements in sports nutrition, and the increasing addition of whey protein to a variety of food and beverages such as cereals, chocolates, shakes, baby foods, baked goods, and others.
Additionally, the growing focus on improving the safety, affordability, and usability of whey protein for consumers is further expected to result in appreciable revenue growth in the whey protein market during the forecast period (2022-2027).
Whey Protein Market Segment Analysis:
Whey Protein Market by Type (Isolate, Concentrate, and Others), Application (Dietary Supplement, Sports Nutrition, Food and Beverages, and Others), and Geography (North America, Europe, Asia-Pacific, and Rest of the World).
In the type segment of the whey protein market, the whey concentrate segment is expected to have a significant revenue share in the year 2021. This is primarily due to the various characteristics associated with whey concentrate than other types of whey protein. Whey concentrate roughly containing 70-80% protein, puts less pressure on the gut, which makes it easy to digest. Whey concentrate is also said to be rich in certain biologically active compounds containing essential nutrients.
Apart from the major protein content, the rest of the whey concentrate includes sugars and other fillers, making it tasty and more preferred by people around the world, than other types such as isolates having 90% and more protein having a relatively mild taste as it contains zero sugars.
Therefore, considering the growing demand for this product type owing to the various advantages offered by whey concentrate, numerous new products are being launched in the market. For example, in September 2022, Glanbia launched FerriUp, a whey protein concentrate blended with lactoferrin and vitamin B12 to support the iron status and energy in active women.
Therefore, owing to the various advantages associated with whey protein concentrate along with the increasing product development activities in the market, this category is expected to witness considerable growth eventually contributing to the overall growth of the global whey protein market during the forecast period.
Market Dynamics
Market Drivers
Rising Consumer Awareness About Having a Protein-Rich Diet
The Growing Use of Protein Supplements in Sports Nutrition
The Increasing Addition of Whey Protein to Food and Beverages
Market Restraints and Challenges
High Cost of Milk and Dairy Products
Risks Associated With Whey Protein
Market Opportunities
The Rising Trend and Passion for Following a Healthy Lifestyle Globally
Increasing Research and Development Activities in the Food Industry
Key Topics Covered:
1. Whey Protein Market Report Introduction
2. Whey Protein Market Executive Summary
3. Regulatory Analysis
4. Whey Protein Market Key Factors Analysis
5. Whey Protein Market Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Whey Protein Market
7. Whey Protein Market Layout
8. Whey Protein Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About the Publisher
12. Disclaimer & Contact Us
Companies Mentioned
Hilmar Cheese Company, Inc.
Alpavit
Maple Island Inc.
Glanbia PLC
DMK Group
Saputo Inc
Carbery Group
Lactalis Ingredients
Olam Group
Davisco Foods International, Inc.
Milkaut SA
Leprino Foods Company
Milk Specialties Global
Arla Foods amba
Fonterra Co-operative Group Ltd
Abbott
Nestle S.A.
Danone S.A.
Titan Biotech
Charotar Casein Company
For more information about this report visit https://www.researchandmarkets.com/r/r05jm1
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