What was the value of the global Whey Protein market ?

In 2022, the global Whey Protein market was valued at US$ 9.4 billion and to reach US$ 20.0 billion by 2032.

What is whey protein market?

Whey protein Market includes the protein derived from the watery component of milk that gets separated from the curd during cheese making. It is known for its nutritional content and potential health benefits.

What is driving the increasing demand for whey protein?

Factors driving the increasing demand for whey protein include the rising prevalence of obesity, increasing awareness about a healthy lifestyle, and the growing demand for protein-rich foods.

Which segment dominates the whey protein market by type?

The isolates segment is the leading segment in the whey protein market, expected to witness high growth due to its superior amino acid composition and increased demand for low-fat and high-protein products.

Which source dominates the whey protein market?

Organic whey protein dominates the market, driven by consumer preferences for fresh, organic, and unadulterated food products.

Which application segment accounts for the largest share in the whey protein market?

The sports nutrition segment dominates the application segment, as whey protein is highly preferred in sports nutrition products for its quality, quick absorption, and high concentration of essential amino acids.

Which region leads the global whey protein market in terms of revenue share?

North America leads the global whey protein market, holding the major revenue share of 40%.

How competitive is the whey protein market?

The whey protein market is moderately competitive, with major key players accounting for a significant share of the overall revenue.

What are some key players in the global whey protein market?

Some key players in the global whey protein market include Alpavit, Hilmar Cheese Company, Glanbia plc, Wheyco GmbH, Davisco Foods International, Nestle S.A, Arla Foods, Saputo Inc., Olam International, Abbott, Leprino Foods Company, and other key players.

Is whey protein suitable for vegetarians or vegans?

Whey protein is derived from milk and is not suitable for strict vegetarians or vegans. However, there are plant-based protein options available for individuals following vegetarian or vegan diets.

Global Whey Protein Market by Type (Isolates, Concentrates, Hydrolysates), By Source (Organic, Conventional), By Distribution Channel, By Application, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Published date: Oct 2023
Report ID: 102453
Number of Pages: 335
Format:

Overview
Table of Contents
Major Market Players
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- Alpavit
- Hilmar Cheese Company, Inc.
- Glanbia plc
- Wheyco GmbH
- Davisco Foods International, Inc.
- Nestle S.A
- Arla Foods
- Saputo Inc.
- Olam International
- Abbott
- Leprino Foods Company