With 9.2% CAGR, Whey Protein Market Size worth USD 16.4 Billion by 2028 | Vantage Market Research

WASHINGTON, June 03, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Whey Protein Market finds that the increasing incidences of chronic illnesses as well as mounting demand of whey protein for nutritional supplements, personal care, and food & beverages industry are factors that influence the growth of Whey Protein Market.

The total Global Whey Protein Market is estimated to reach USD 16.4 Billion by the year 2028. The Global Market revenue valued at USD 9.7 Billion in the year 2021 and is forecast to grow exhibiting a Compound Annual Growth Rate (CAGR) of 9.2%, states Vantage Market Research, in a report, titled “Whey Protein Market Size, Share & Trends Analysis Report by Form (Powder, Liquid), by Nature (Organic, Conventional), by Grade (Food Grade, Pharma Grade, Feed Grade), by End Use (Infant Formula and Baby Foods, Dietary Supplements, Food Processing, Sports Nutrition), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.

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Market Dynamics:

Rising Demand for Sports Nutrition

The younger generation is becoming more interested in sports and fitness activities, which is driving up demand for sports nutrition. In addition, sports drinks containing Whey Protein Market have gained popularity in recent years. The notion of sports drinks is relatively new to consumers in developing countries, but as awareness and availability improve, the sports drinks business has experienced rapid expansion in terms of both value and volume in recent years. As a result, new products have been introduced, and many businesses are investing in research and development to meet consumer demand.

Key Insights & Findings from the Report:

• According to our primary respondents’ research, the Whey Protein market is predicted to grow at a CAGR of roughly 9.2% during the forecast period.
• The Whey Protein market was estimated to be worth roughly USD 9.7 Billion in 2021 and is expected to reach USD 16.4 Billion by 2028; based on primary research.
• On the basis of region, Asia Pacific projected to dominate the worldwide Whey Protein market.
  

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Segmentation of the Global Whey Protein Market:

• Form
  • Powder
  • Liquid
• Nature
  • Organic
  • Conventional
• Grade
  • Food Grade
  • Pharma Grade
  • Feed Grade
• End Use
  • Infant Formula and Baby Foods
  • Dietary Supplements
  • Food Processing
  • Sports Nutrition
  • Beverages
  • Others
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
    

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Growing health awareness among people

People are increasingly joining gyms and fitness centers as the prevalence of lifestyle diseases rises and customers become more health-conscious. Whey Protein Market is in high demand, as protein supplements are frequently advised at these facilities.

COVID-19 Impact Analysis:

The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the food production industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:

1. Impact Assessment of COVID-19 Pandemic
   1. North America
   2. Europe
   3. Asia Pacific
   4. Latin America
   5. Middle East & Africa
2. Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
3. Key Strategies Undertaken by Companies to Tackle COVID-19
4. Long Term Dynamics
5. Short Term Dynamics

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The Report on Whey Protein Market Highlights:

• Assessment of the market
• Premium Insights
• Competitive Landscape
• COVID Impact Analysis
• Historic Data, Estimates, and Forecast
• Company Profiles
• Global and Regional Dynamics
  

Regional Analysis:

North America Holds Maximum Market Share

North America is expected to dominate the growth of Whey Protein Market in the year 2021. The major driving factors for the market are the increasing use of food supplements with reduced calorie levels along with high nutritional content in the region. Because of their dietary habits, high disposable income, and access to a variety of processed and ready-to-eat goods that are not necessarily good for consumer health, the region's population is becoming more obese and suffering from lifestyle-related ailments. This creates a prospective market for Whey Protein Market to help the population turn to a healthier lifestyle.

List of Prominent Players in the Whey Protein Market:

• Hilmar Cheese Company
• Glanbia Foods Inc.
• Arla Food Ingredients Group
• Leprino Foods
• Grande Cheese Company
• Davisco Foods International
• Agropur Inc.
• Havero Hoogwegt B.V.
• Fonterra Co-Operative Group
• Lactilas International
• Westland Milk Products
• Carbery Group
• AMCO Proteins
• Milk Specialities Global
• Prinova Group LLC
  

Browse market data Tables and Figures spread through 143 Pages and in-depth TOC on "Whey Protein Market Size, Share & Trends Analysis Report by Form (Powder, Liquid), by Nature (Organic, Conventional), by Grade (Food Grade, Pharma Grade, Feed Grade), by End Use (Infant Formula and Baby Foods, Dietary Supplements, Food Processing, Sports Nutrition), by Region (North America, Europe, Asia Pacific, Latin America) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)"  View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/whey-protein-market-381707

Recent Developments:

December 2021: Pownut Healthcare launched its three different protein powders for men, women, and children. All the three flavors come in two flavors, namely vanilla and chocolate. The company claims these products do not cause bloating and indigestion like other products available on the market.

August 2021: Nutra Box launched its best plant-based protein powder in India. It is made of 100% natural constituents, which makes it organic. It contains 100% plant protein with a rich amino acid profile, the highest bioavailability of proteins.

Key questions answered in the report:

• Which regional market will show the highest and rapid growth?
• Which are the top five players of the Whey Protein Market?
• How will the Whey Protein Market change in the upcoming six years?
• Which application and product will take a lion’s share of the Whey Protein Market?
• What is the Whey Protein market drivers and restrictions?
• What will be the CAGR and size of the Whey Protein Market throughout the forecast period?

This report titled “Whey Protein Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:

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