Global Whey Protein Ingredients Market is set grow at a CAGR of 9.4% and to reach revenue of $10.69 billion by 2023 - PowerPoint PPT Presentation

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Global Whey Protein Ingredients Market is set grow at a CAGR of 9.4% and to reach revenue of $10.69 billion by 2023


The global Whey protein ingredients Market is estimated to surpass $13.5 billion mark by 2023 growing at an estimated CAGR of more than 6.5% during 2018 to 2023. Europe captures the dominant market share of 40%. Asia-pacific to lead with a projected 4.5% CAGR. Whey protein concentrate dominate the market with a share of 39.3% and estimated to generate a revenue $3,312m by 2023 growing at a CAGR of 8.3% – PowerPoint PPT presentation

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Title: Global Whey Protein Ingredients Market is set grow at a CAGR of 9.4% and to reach revenue of $10.69 billion by 2023

Whey Protein Ingredients Market 2018 - 2023
  • Global Whey Protein Ingredients Market is set
    grow at a CAGR of 9.4 and to reach revenue of
    10.69 billion by 2023.

Europe with major share in the Whey Protein
Ingredients Market
  • Europe dominates in Whey Protein Ingredients
    Market in terms of serving wide varieties of
    related food products in 2018, followed by North
    America. U.K. is the leading region in Europe,
    due to the rising demand of high-protein
    products. U.S. dominates the market in the North
    American region, whereas increasing disposable
    income in the developing countries such as China
    is estimated to enhance the growth rate in the
    Asia-Pacific whey protein ingredients market. The
    Asia-Pacific region is the fastest growing, with
    a CAGR of 11.68 through 2023. The growing demand
    from food and beverage applications in the APAC
    region results in the strong demand for whey
    protein ingredients.
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Selected Product Type Analysis done in the full
  • The growing prominence of performance
    products is driving the market. Whey protein
    isolates are growing at a double digit rate with
    17.2 CAGR through 2018-2023. The Whey Protein
    Market is segmented into Protein Isolate,
    Hydrolysates, Concentrate and Demineralized whey
    protein powder. Among all the purest form of whey
    protein isolates contain90 of protein content
    and less than 1 of fat. Whey isolates are
    broadly used in proteins bars, nutritive drinks
    and supplement products. The other major
    applications for isolates proteins are bakery,
    meat and snacks. Whey protein hydrolysate holds
    the second largest revenue generating segment
    which is projected to grow at a CAGR of 6.4 with
    a steady growth.

Excerpts on Market Growth Factors
  • Increasing younger population with fitness
    consciousness propelled the demand for whey as an
    ingredient in body building supplements. The
    survey also says rising demand in sports
    nutrition and infant nutrition act as a key
    driver for influenced Whey protein market. As
    sports nutrition market has been reaching wide
    range of consumer groups, volume growth of whey
    proteins will be robust in the coming years as
    compared to value growth.
  • Major food beverage players are expected to
    enter the protein snacks and shakes market due to
    the popularity and consumer attention related to
    rich protein diets. Consumers are seeking
    nutritive and less time consuming foods for their
    breakfasts which offergreat prospects for protein
    for fortified breakfast cereals and snacks.
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Key players of the Whey Protein Ingredients Market
  • Major companies operating in the Whey Protein
    Ingredients Market includes Arla Foods AMBA,
    Cargill Inc., Hilmar Cheese Company, Davisco
    Foods International, Milk Specialties Global and
    Glanbia Plc. Arla Foods Amba is the key player in
    the whey protein ingredients market with 8.7 of
    the market share. Davisco Foods International is
    main producer of concentrates isolates. Davisco
    accounts for 8.4 of the overall market share.
    The other category contributes 68, consisting of
    companies such as Foremost Farms, Dairy Framers
    of America Inc., Carbery Food Ingredients and few

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