Global Whey Protein Ingredients Market Is Expected To Grow At A CAGR Of 8.7% Over The Forecast Period From 2017 To 2025

Global Whey Protein Ingredients Market Is Expected To Grow At A CAGR Of 8.7% Over The Forecast Period From 2017 To 2025

Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Whey Protein Ingredients market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Whey Protein Ingredients market, offered across the recent and estimated timeline till 2026.

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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Whey Protein Ingredients market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Whey Protein Ingredients market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).

Leading Players:

Key research study highlights comprise:

  1. Exhaustive research and analysis of the global Whey Protein Ingredients industry
  2. The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
  3. Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Whey Protein Ingredients market is also covered in the report
  4. Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
  5. Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)

Research methodology applied for this study:

Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Whey Protein Ingredients market specific to key segments, and regional segmentation.

  1. Secondary Research

Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Whey Protein Ingredients market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Whey Protein Ingredients market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Whey Protein Ingredients market study.

  1. Primary Research

The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.

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The participants tracked for primary interviews include:

  • Marketing/product managers
  • Vice President/ CEOs
  • National sales managers
  • Market intelligence managers
  • Distributors
  • Purchasing managers
  • Other stakeholders

The global whey protein ingredients market can be categorized on the basis of regions and countries as:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA

Whey Protein Ingredients Market

Asia Pacific is projected to be the most lucrative region in the global whey protein ingredients market on account of rise in per capita disposable incomes in several developing economies coupled with increasing consumer spending. Moreover, rapid urbanization, increasing awareness among consumers, increasing number of health centers and fitness clubs along with growth in the overall population are some other major factors driving the demand for whey protein ingredients in the region. Rapid growth of the dairy industry, changing food habits and increasing demand for whey protein concentrates in bodybuilding and sports nutrition applications are further driving the overall demand. The North America whey protein ingredients market is primarily driven by increase in the consumption of sports nutrition products as well as rising inclination of consumers towards the use of nutrition bars and protein rich bakery products. Also, increasing consumption of bakery products especially among younger population, elevation in use of animal protein in pharmaceuticals and increasing number of working women leading to increasing use of protein based infant formula are some other factors driving the North America whey protein ingredients market. The U.S. is the dominant country in the region and is driven by the rising demand for functional food & beverages. Canada is anticipated to witness a rapid growth in the coming years owing to increasing population, increasing number of immigrants especially from Asia and Europe as well as increasing health awareness especially among the geriatric population.

The global whey protein ingredients market can be categorized on the basis of application as:

  • Bakery & Confectionary
  • Sports Nutrition
  • Frozen Food
  • Beverage
  • Pharmaceuticals
  • Dairy Products
  • Others (meat products, infant formula etc.)

Whey Protein Ingredients Market

By application, sports nutrition accounted for the largest share in the global whey protein ingredients market in 2016 and projected to maintain its dominance throughout the forecast period. The market is primarily driven by the high water binding characteristic of whey proteins and high efficiency in building muscle mass. Whey protein ingredients are widely used in protein powders, bodybuilding supplements, pre workout shakes, nutrition bars, specialized edible flour and mass gainers. Increase in demand for whey protein beverages such as protein shakes and sports drinks especially among athletes coupled with rapid urbanization and increasing consumer spending on gyms and health clubs further boosts the overall growth. Bakery & confectionary segment is anticipated to grow at a significant CAGR owing to increase in consumption of protein based bakery products especially in European countries. Moreover, increasing demand for packaged protein biscuits and cakes and rapid growth of protein based candies and toffees especially among geriatric population are further anticipated to boost the overall demand for whey protein ingredients over the forecast period.

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