Global Whey Protein Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 2, 2021 |

The global whey protein market size is anticipated to register a significant CAGR of 9.5% during the forecast period 2021 to 2027 and valued at over USD 9 billion by 2020. The rising prevalence of chronic conditions due to changing lifestyle around the world is a primary factor to drive the market growth. The increasing consumer shift towards natural food and the rising adoption of a rich protein diet among the young population is further expected to fuel the market in next upcoming years. Moreover, the rapid growth in sports activities is led to an increase in the demand for nutritional products which is expected to propel the market growth.

Market Segment Insights:

The global whey protein market is divided into type, application, distribution channel, and geography. On the basis of type, the market is further segmented into isolates, concentrates, and hydrolysates type. The concentrates segment held the largest market share in 2020 by revenue and accounted to hold a major market share around half of the market, globally. The segment growth is attributed to its wide use in various applications such as dairy dessert, yogurt, and beverage products. Furthermore, the concentrate whey protein is employed as a source of protein fortification for infant food and nutritional products. On the other hand, the hydrolystates whey protein segment is accounted to register the highest growth rate over the forecast period.

By application, the whey protein market is bifurcated into nutritional supplements, personal care, food & beverages, and animal feed & pet food. The food and beverage segment is accounted to hold the largest market segment in 2020 and accounted to hold around half of the market share in terms of revenue. The segment growth is attributed to the high use of whey protein in the bakery and dairy industry due to its ability to emulsify, foam, and thicken products. it also enhances the gelation, water-binding capabilities, solubility, and nutritional value of bakery and dairy products.

Whey Protein Market Size & CAGR

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The whey protein comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global whey protein market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The whey protein market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Whey Protein Market Segmentation:

By Type:

  • Isolates
  • Concentrates
  • Hydrolysates

By Application:

  • Nutritional Supplements
  • Personal Care
  • Food & Beverages
  • Animal Feed & Pet Food

By Distribution Channel:

  • Supermarkets
  • Specialist Store
  • Online
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

North America dominated the global whey protein market in 2020 and accounted to hold the major market share of around 40% of the market. The rising awareness of consumers regarding healthy and nutritional food is a major factor to drive the market growth in the region. Furthermore, the increasing demand for food supplements with low calorie and high nutritional value is expected to witness steady growth of the market in North America. In contrast, the Asia Pacific is accounted to grow at the fastest growth rate over the forecast period.

Market Competition Assessment:

Key players operating in the global whey protein market are Hilmar Cheese Company, Inc., Saputo Inc., Glanbia plc, Fonterra Co-operative Group Ltd, and Arla Foods. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Hilmar Cheese Company, Inc.
  • Saputo Inc.
  • Glanbia plc
  • Fonterra Co-operative Group Ltd
  • Arla Foods
  • Alpavit
  • Wheyco GmbH
  • Milk Specialties
  • Carbery Group
  • LACTALIS Ingredients

Key Questions Answered by Whey Protein Market Report:

  • Global whey protein market forecasts from 2021-2027
  • Regional whey protein market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Whey protein submarket forecasts from 2021-2027 covering the market by type, by application, by distribution channel, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to the whey protein market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level whey protein markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the whey protein market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Whey Protein Market Portraiture
2.2. Global Whey Protein Market, by Type, 2020 (USD Mn)
2.3. Global Whey Protein Market, by Application, 2020 (USD Mn)
2.4. Global Whey Protein Market, by Distribution Channel, 2020 (USD Mn)
2.5. Global Whey Protein Market, by Geography, 2020 (USD Mn)

 

3. Global Whey Protein Market Analysis


3.1. Whey Protein Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis
3.6.1. V Shaped Recovery
3.6.2. U Shaped Recovery
3.6.3. L Shaped Recovery
3.6.4. W Shaped Recovery

 

4. Global Whey Protein Market By Type, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Isolates
4.3. Concentrates
4.4. Hydrolysates

 

5. Global Whey Protein Market By Application, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Nutritional Supplements
5.3. Personal Care
5.4. Food & Beverages
5.5. Animal Feed & Pet Food

 

6. Global Whey Protein Market By Distribution Channel, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. Supermarkets
6.3. Specialist Store
6.4. Online
6.5. Others

 

7. North America Whey Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Whey Protein Market by Type (2018-2027 USD Mn)
7.1.3. North America Whey Protein Market by Application (2018-2027 USD Mn)
7.1.4. North America Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
7.1.5. North America Whey Protein Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Whey Protein Market by Type (2018-2027 USD Mn)
7.1.5.1.2. U.S. Whey Protein Market by Application (2018-2027 USD Mn)
7.1.5.1.3. U.S. Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Whey Protein Market by Type (2018-2027 USD Mn)
7.1.5.2.2. Canada Whey Protein Market by Application (2018-2027 USD Mn)
7.1.5.2.3. Canada Whey Protein Market by Distribution Channel (2018-2027 USD Mn)

 

8. Europe Whey Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Whey Protein Market by Type (2018-2027 USD Mn)
8.1.3. Europe Whey Protein Market by Application (2018-2027 USD Mn)
8.1.4. Europe Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
8.1.5. Europe Whey Protein Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Whey Protein Market by Type (2018-2027 USD Mn)
8.1.5.1.2. Germany Whey Protein Market by Application (2018-2027 USD Mn)
8.1.5.1.3. Germany Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Whey Protein Market by Type (2018-2027 USD Mn)
8.1.5.2.2. U.K. Whey Protein Market by Application (2018-2027 USD Mn)
8.1.5.2.3. U.K. Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Whey Protein Market by Type (2018-2027 USD Mn)
8.1.5.3.2. France Whey Protein Market by Application (2018-2027 USD Mn)
8.1.5.3.3. France Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Whey Protein Market by Type (2018-2027 USD Mn)
8.1.5.4.2. Italy Whey Protein Market by Application (2018-2027 USD Mn)
8.1.5.4.3. Italy Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Whey Protein Market by Type (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Whey Protein Market by Application (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Whey Protein Market by Distribution Channel (2018-2027 USD Mn)

 

9. Asia Pacific Whey Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Whey Protein Market by Type (2018-2027 USD Mn)
9.1.3. Asia Pacific Whey Protein Market by Application (2018-2027 USD Mn)
9.1.4. Asia Pacific Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
9.1.5. Asia Pacific Whey Protein Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Whey Protein Market by Type (2018-2027 USD Mn)
9.1.5.1.2. China Whey Protein Market by Application (2018-2027 USD Mn)
9.1.5.1.3. China Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Whey Protein Market by Type (2018-2027 USD Mn)
9.1.5.2.2. Japan Whey Protein Market by Application (2018-2027 USD Mn)
9.1.5.2.3. Japan Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Whey Protein Market by Type (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Whey Protein Market by Application (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Whey Protein Market by Distribution Channel (2018-2027 USD Mn)

 

10. Latin America (LATAM) Whey Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Whey Protein Market by Type (2018-2027 USD Mn)
10.1.3. Latin America Whey Protein Market by Application (2018-2027 USD Mn)
10.1.4. Latin America Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
10.1.5. Latin America Whey Protein Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Whey Protein Market by Type (2018-2027 USD Mn)
10.1.5.1.2. Brazil Whey Protein Market by Application (2018-2027 USD Mn)
10.1.5.1.3. Brazil Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Whey Protein Market by Type (2018-2027 USD Mn)
10.1.5.2.2. Mexico Whey Protein Market by Application (2018-2027 USD Mn)
10.1.5.2.3. Mexico Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Whey Protein Market by Type (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Whey Protein Market by Application (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Whey Protein Market by Distribution Channel (2018-2027 USD Mn)

 

11. Middle East and Africa Whey Protein Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Whey Protein Market by Type (2018-2027 USD Mn)
11.1.3. MEA Whey Protein Market by Application (2018-2027 USD Mn)
11.1.4. MEA Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
11.1.5. Middle East and Africa Whey Protein Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Whey Protein Market by Type (2018-2027 USD Mn)
11.1.5.1.2. GCC Whey Protein Market by Application (2018-2027 USD Mn)
11.1.5.1.3. GCC Whey Protein Market by Distribution Channel (2018-2027 USD Mn)
11.1.5.2. Rest of MEA
11.1.5.2.1. Rest of MEA Whey Protein Market by Type (2018-2027 USD Mn)
11.1.5.2.2. Rest of MEA Whey Protein Market by Application (2018-2027 USD Mn)
11.1.5.2.3. Rest of MEA Whey Protein Market by Distribution Channel (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Hilmar Cheese Company, Inc.
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Saputo Inc.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Glanbia plc.
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Fonterra Co-operative Group Ltd.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Arla Foods
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Alpavit
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Wheyco GmbH
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Milk Specialties
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Carbery Group
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. LACTALIS Ingredients
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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