The latest research study “Whey Protein Market Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global whey protein (powder and concentrate) market size reached US$ 4.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 6.25 Billion by 2027, exhibiting at a CAGR of 4.3% during 2022-2027. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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Global Whey Protein Industry Trends and Drivers:
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. 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. Manufacturers are also expanding their product portfolio by conducting R&D activities. This includes the construction of the whey- and milk-based ingredients innovation center by Arla Foods, a Denmark-based dairy products manufacturer. 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.
List of Major Key Players:
The major players in the market are Arla Foods, Agropur Inc., Hilmar Cheese Company, Inc., GLANBIA PLC (GLAPF), Kerry Group Plc, Milk Specialties Global, Leprino Foods Company, Carbery, Grande Cheese Company, and Lactalis Group.
Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/whey-protein-powder-and-concentrate-market
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