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The global whey protein market size reached 4.2 Million Metric Tons in 2018, registering a CAGR of 3.7% during 2011-2018. Owing to the aforementioned drivers, the market volume is expected to reach 5.6 Million Metric Tons by 2024, at a projected CAGR of 4.8% during 2019-2024.
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3. Report DescriptionReport Description and Highlights
Global Whey Protein Market Overview:
According to the latest report by IMARC Group, titled “Whey Protein (Powder and Concentrate)
Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the
global whey protein market size reached 4.2 Million Metric Tons in 2018, registering a CAGR of 3.7%
during 2011-2018. Whey protein is obtained from the watery portion of milk, called whey, which gets
separated while making cheese. This protein is available in three forms; namely, hydrolysate,
concentrate and isolate, which are produced via different levels and types of processing. Whey is
considered a complete protein source owing to the presence of all nine essential amino acids. Due to
this, it is mostly preferred for improving athletic performance, increasing strength, reversing weight
loss in patients who have HIV and preventing allergic incidences in infants. It is generally available in
powder form and is consumed in smoothies, soft food items or liquids.
Whey Protein Market Trends
Over the past few years, the whey protein market has been witnessing rapid growth on account of
rising health consciousness and expansion of the dietary supplement industry. Manufacturers are also
expanding their product portfolio by conducting R&D activities.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
InMillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
100
120
140
160
180
2019 2020 2021 2022 2023 2024
InMillionUS$
Expected to open in 2021, the center will house various scientists, technicians and innovators, who will
concentrate on all aspects of R&D within milk and whey, ranging from advanced separation
technologies to pasteurization technology for improving the shelf-life and functionality of the products.
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concentrate-market/requestsample
5. Report DescriptionReport Description and Highlights
Besides, the escalating demand for improved nutritional products has led market players to launch
high-purity whey products across the globe. For instance, FrieslandCampina Ingredients Active
Nutrition, a Dutch dairy protein company, recently launched Nutri Whey Isolate, a pure, clean-tasting,
nutritionally balanced protein, which can be used in clear drinks and protein water applications. This
includes the construction of the whey- and milk-based ingredients innovation center by Arla Foods, a
Denmark-based dairy products manufacturer. Owing to the aforementioned drivers, the market
volume is expected to reach 5.6 Million Metric Tons by 2024, at a projected CAGR of 4.8% during 2019-
2024.
Key Market Segmentation:
Market Segmentation by Mode of Operation
• Whey Protein Concentrate
• Whey Protein Isolate
• Whey Protein Hydrolysates
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concentrate-market
6. Report Description
Report Description and Highlights
The market has been segmented on the basis of the type, which mainly consists of whey protein
concentrates, isolates and hydrolysates. Amongst these, whey protein isolate is the most preferred
product.
Market Segmentation by Application
• Food and Beverages
• Nutrition Products and Pharmaceuticals
• Feed Applications
• Others
The report has analyzed the market according to the application, which includes food and beverage,
nutrition products and pharmaceuticals, and feed applications. Currently, whey protein is mostly used
in the formulation of nutrition products and pharmaceuticals.
Market Segmentation by Region
• European Union
• North America
7. Report DescriptionReport Description and Highlights
• Oceania
• Eastern Europe
• Latin America
• Others
On a regional basis, the European Union represents the biggest market for whey protein, accounting for
the majority of the production volume. The growth is the result of rising geriatric population and an
increasing number of fitness clubs in Germany, France, Spain and Italy. Other major markets include
North America, Oceania, Eastern Europe, and Latin America.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• Arla Foods
• Agropur Inc.
• Hilmar Cheese Company, Inc.
• Glanbia Plc
8. Report DescriptionReport Description and Highlights
• Kerry Group Plc
• Milk Specialties Global
• Leprino Foods Company
• Carbery
• Grande Cheese Company
• Lactalis Group
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Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients