Whey Protein Ingredients Market Size, Trends, Demand, Challenges CAGR Status, Manufacturers and Forecast Analysis Till 2033


Whey Protein Ingredients Market Size, Trends, Demand, Challenges CAGR Status, Manufacturers and Forecast Analysis Till 2033: SPER Market Research

 Category : Food & Beverages

 Published: Dec-2022
 Author: SPER Analyst

Global Whey Protein Ingredients Market is projected to be worth USD 31.63 billion by 2033 and is anticipated to surge at a CAGR of 7.73%.

Whey protein components are globular proteins obtained from whey, a liquid byproduct that remains after cheese is produced. When compared to soy, egg, and other milk-based proteins, these components have a larger protein concentration, which is why customers prefer them. Whey proteins are used as dietary supplements all over the world due to their numerous health benefits. Whey protein, for example, is commonly used to improve insulin sensitivity, glucose tolerance, and lipid profiles, all of which reduce arterial stiffness and lower blood pressure. The denatured powder is also used to adjust the concentration of whey protein to provide a balanced diet for the new born. These components also reduce hepatic cholesterol levels in the elderly.

Global Whey Protein Ingredients Market Driving Factors and Challenges

The Whey Protein Ingredients market is being driven by several key factors. The need for dairy ingredients, the rise in the number of working women, the usage of whey protein components as a component of the health trend, and the general public's growing recognition of health concerns are just a few of the primary drivers driving market expansion. Furthermore, it is expected that whey protein isolates will be quickly adopted in packaging, frozen foods (processed meat), bakery & confectionery (bakery muffins), sports nutrition (protein shakes), and bakery & confectionery applications. Seniors with limited appetites may benefit from protein drinks to ensure sufficient nutrition. The whey protein components market offers a multitude of opportunities to market participants as the global economy and disposable incomes expand.

However, the Whey Protein Ingredients market is not without its challenges. The global whey protein ingredients market has numerous challenges, including fluctuating raw material prices, high manufacturing costs, competition from other protein sources, environmental concerns, and negative consumer perceptions. Confusing regulatory requirements, fluctuating milk costs, and issues associated to an increase in the number of animal illnesses are among the important factors that are expected to limit market growth throughout the projection period. 

Impact of COVID-19 on Global Whey Protein Ingredients Market 
Consumer demand for protein-rich foods has remained steady, but the recent outbreak of the coronavirus has actually led to a positive expansion of the market. The growth of the market for whey protein components can be attributed to heightened consumer awareness about the importance of maintaining a healthy immune system. According to the International Food Information Council's annual Food & Health Survey, more than 80% of consumers agree that the coronavirus outbreak has caused them to change their eating habits, resulting in new approaches to food preparation, consumption, purchase, and overall consideration. These factors, combined with the ongoing pandemic, have contributed to increased sales of protein-based foods, and this upward trend is expected to continue in the foreseeable future.

Whey Protein Ingredients Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Archer Daniels Midland Company, Arla Foods, Burcon Nutrascience, Carberry Food Ingredients, Cargill Incorporation, CHS Inc., Dairy Farmers of America, Davisco Food International, DuPont, Fontera Co-Operative Group Ltd., Glanbia plc, Hilmar Cheese Company, Kewpie Corporation, Maple Island Corporation, Mead Johnson & Company, LLC, Roquette Freres, Rousselot, Tessendro Group, The Scoular Company, Others.

Global Whey Protein Ingredients Market Segmentation:

By Nature: Based on the Nature, Global Whey Protein Ingredients Market is segmented as; Conventional, Organic.

By Type: Based on the Type, Global Whey Protein Ingredients Market is segmented as; Demineralized Whey Protein, Hydrolyzed Whey Protein, Whey Protein Concentrate (WPC 80, WPC 35), Whey Protein Isolate.

By Application: Based on the Application, Global Whey Protein Ingredients is segmented as; Animal Feed, Clinical Nutrition, Food and Beverages (Bakery & Confectionary, Beverages, Breakfast Cereals, Dairy Alternatives, Dietary Supplements/Weight Management, Meat Alternatives & Extenders, Snacks, Sports Nutrition, Others), Infant Formulations, Others.

By Product: Based on the Product, Global Whey Protein Ingredients is segmented as; Animal/Diary Proteins (Casein/Caseinates, Collagen Peptides, Egg Protein, Gelatin, Milk Protein Concentrate/Isolates, Whey Protein Concentrates, Whey Protein Hydrolysates, Whey Protein Isolates), Insect Proteins (Coleoptera, Diptera, Hemiptera, Hymenoptera, Lepidoptera, Orthoptera, Others), Microbe-Based Proteins (Algae, Bacteria, Fungi, Yeast), Plant Proteins (Ancient Grains, Cereal-based, Legumes-based, Nuts & Seeds-based, Root-based).

By Region: This report also provides the data for key regional segments of Asia-Pacific, Europe, Middle East and Africa, North America, Latin America.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.

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