Global Whey Protein Market Report and Forecast 2024-2032
Market Report I 2024-06-20 I 181 Pages I EMR Inc.
Global Whey Protein Market Report and Forecast 2024-2032
Market outlook
According to the report by Expert Market Research (EMR), the whey protein market size reached a value of USD 12.69 billion in 2023. Aided by the increasing demand for protein-rich food products and the growing applications of whey protein in various sectors, the market is projected to further grow at a CAGR of 8.5% between 2024 and 2032 to attain a value of around USD 26.46 billion
by 2032.
Whey protein is a high-quality protein derived from milk during the cheese-making process. It is commonly used as a dietary supplement and food ingredient due to its excellent nutritional profile, which includes all essential amino acids. Whey protein is known for its benefits in muscle growth, weight management, and overall health. It is available in various forms, including whey protein concentrate, whey protein isolate, and whey protein hydrolysate, catering to different nutritional needs and preferences.
The increasing consumer preference for protein-rich food products is driving the whey protein market growth. With the growing awareness of the health benefits associated with protein consumption, there has been a significant shift towards high-protein diets, leading to a surge in demand for whey protein-based products. Additionally, the rising trend of health and fitness has further contributed to the increasing popularity of whey protein, as it is a popular ingredient in protein supplements consumed by athletes and fitness enthusiasts.
The expanding applications of whey protein in various sectors also play a significant role in propelling the market. In the food and beverage sector, whey protein is used in products such as protein bars, snacks, beverages, and dairy products to enhance their nutritional value and improve texture. In the pharmaceutical sector, whey protein is used as a functional ingredient in nutritional supplements and medical foods. Moreover, the cosmetic industry utilises whey protein for its skin-conditioning and anti-aging properties, making it a valuable ingredient in skincare products.
Further, the growing demand for dairy-based alternatives in the food and beverage sector has led to an increased focus on whey protein as a viable ingredient for plant-based products. With the rise of veganism and the increasing popularity of plant-based diets, whey protein has emerged as a critical component in the formulation of dairy-free cheese, yogurt, and other alternatives, consequently driving up the whey protein market share.
Technological advancements play a crucial role in the growth of the market. The development of advanced processing technologies, such as membrane filtration and ion-exchange chromatography, is enhancing the quality and purity of whey protein products. These technologies enable the production of whey protein with high protein content and minimal impurities, meeting the stringent quality standards of the food, pharmaceutical, and sports nutrition industries.
Moreover, the use of biotechnology in whey protein production is driving market growth. Biotechnology enables the development of customised whey protein products with specific functional properties, such as improved solubility, enhanced digestibility, and better flavour. The use of genetically modified organisms (GMOs) and enzymes in whey protein production helps optimize the yield and quality of the final product, catering to the diverse needs of consumers.
As per the whey protein market analysis, the future of the market looks promising, with continuous advancements in technology and increasing demand for protein-rich food products. The growing adoption of advanced processing technologies and the development of customized whey protein products are expected to further boost the market. Additionally, the expansion of the food and beverage sector in emerging economies and the increasing investments in food processing infrastructure are anticipated to create new avenues for market growth.
Market Segmentation
The market can be divided based on type, application, distribution channel, and region.
Market Breakup by Type
- Concentrate
- Isolate
- Hydrolysate
Market Breakup by Application
- Sports Nutrition
- Dietary Supplements
- Infant Formula
- Food Additives
- Beverages
- Others
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Speciality Stores
- Online Stores
- Others
Market Breakup by Region
- North America
- Latin America
- Middle East and Africa
- Asia Pacific
- Europe
Competitive landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global whey protein market. some of the major players explored in the report by expert market research are as follows:
- Glanbia plc
- Arla Foods amba
- Fonterra Co-Operative Group Limited
- Lactalis Ingredients
- Olam International Limited
- Royal FrieslandCampina NV
- Hilmar Cheese Company, Inc.
- Agropur Cooperative
- Saputo Inc.
- Leprino Foods Company
- Wheyco GmbH
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Whey Protein Market Analysis
8.1 Key Industry Highlights
8.2 Global Whey Protein Historical Market (2018-2023)
8.3 Global Whey Protein Market Forecast (2024-2032)
8.4 Global Whey Protein Market by Type
8.4.1 Concentrate
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Isolate
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Hydrolysate
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Whey Protein Market by Application
8.5.1 Sports Nutrition
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Dietary Supplements
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Infant Formula
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Food Additives
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Beverages
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Whey Protein Market by Distribution Channel
8.6.1 Supermarkets and Hypermarkets
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Convenience Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Speciality Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online Stores
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Whey Protein Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Whey Protein Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Whey Protein Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Whey Protein Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Whey Protein Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Whey Protein Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Glanbia plc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Arla Foods amba
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Fonterra Co-Operative Group Limited
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Lactalis Ingredients
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Olam International Limited
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Royal FrieslandCampina NV
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Hilmar Cheese Company, Inc.
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Agropur Cooperative
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Saputo Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Leprino Foods Company
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Wheyco GmbH
17.2.11.1 Company Overview
17.2.11.2 Product Portfolio
17.2.11.3 Demographic Reach and Achievements
17.2.11.4 Certifications
17.2.12 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Whey Protein Market: Key Industry Highlights, 2018 and 2032
2. Global Whey Protein Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Whey Protein Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Whey Protein Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Whey Protein Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Whey Protein Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7. Global Whey Protein Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8. Global Whey Protein Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Whey Protein Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Whey Protein Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Whey Protein Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Whey Protein Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Whey Protein Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Whey Protein Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Whey Protein Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Whey Protein Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Whey Protein Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Whey Protein Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Whey Protein Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Whey Protein Market Structure
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