Whey Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032
- Report ID: ME_0018438
- Format: Electronic (PDF)
- Publish Type: Publish
- Number of Pages: 250
Market Snapshot
Source: Market Expertz
| Study Period | 2019-2032 |
| Base Year | 2023 |
| Forcast Year | 2023-2032 |
| CAGR | 6.98 |
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Whey Market Analysis By Application (Dairy Products, Sports Nutrition, Infant Formula, Bakery & Confectionery, Others), By Type (Whey Protein Concentrate, Whey Protein Isolate, Whey Protein Hydrolysate), and By Region Forecast to 2032:
The Whey Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the rising demand for protein-rich foods, the increasing adoption of whey protein in sports nutrition, and the versatility of whey in various food and beverage applications.
Whey Market Overview:
Drivers:
One of the primary drivers fueling the growth of the Whey Market is the growing demand for protein-enriched foods and beverages. Whey, a high-quality protein source, is sought after by consumers looking to increase their protein intake for muscle development and overall health.
Furthermore, the sports nutrition segment is a significant driver for the whey market. Athletes and fitness enthusiasts are increasingly incorporating whey protein supplements into their diets to support muscle recovery and growth.
Trends:
An emerging trend in the Whey Market is the utilization of different types of whey protein, including whey protein concentrate, whey protein isolate, and whey protein hydrolysate. Each type has distinct protein content and applications, allowing manufacturers to create a wide range of whey-based products.
Moreover, whey protein is finding applications beyond sports nutrition. It is being used in infant formula, dairy products, bakery items, and confectionery, adding nutritional value to these products.
Restraints:
One of the key challenges hindering the growth of the Whey Market is the fluctuation in raw milk prices, which can impact the cost of whey production. Additionally, the sustainability of whey sourcing and production processes is a growing concern, prompting the industry to explore eco-friendly alternatives.
Whey Market Segmentation By Application:
The dairy products segment is anticipated to witness substantial growth during the forecast period. Whey is commonly used in the production of cheese and yogurt, and its utilization enhances the nutritional profile of these products.
The sports nutrition segment is another significant application area for whey protein. Protein supplements, shakes, and bars containing whey protein are widely consumed by athletes and fitness enthusiasts to support their training and recovery.
Whey protein is increasingly being incorporated into infant formula to provide essential amino acids for infant growth and development.
The bakery and confectionery segment is experiencing a trend of using whey protein in the formulation of healthier and protein-enriched baked goods and sweets.
Whey Market Segmentation By Type:
Whey protein concentrate, whey protein isolate, and whey protein hydrolysate are expected to contribute to market growth. Whey protein concentrate contains varying levels of protein and retains some beneficial nutrients, making it suitable for various applications. Whey protein isolate, with a higher protein content and minimal lactose, is favored for sports nutrition products. Whey protein hydrolysate, predigested for easier absorption, is used in infant formula and medical nutrition products.
Regional Overview:
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North America, particularly the United States, is poised to be a key contributor to the global Whey Market, accounting for approximately 40% of the market's growth during the forecast period. The region's robust dairy industry and the popularity of whey protein in sports nutrition drive market expansion.
Europe is another significant market for whey protein, with a focus on its inclusion in a wide range of food and beverage products.
Whey Market Customer Landscape:
The Whey Market report encompasses a diverse customer base, including individuals seeking protein supplements for fitness, parents looking for quality infant formula, and food manufacturers incorporating whey protein into their product lines. It delves into consumer preferences for protein content, flavor, and product labeling.
Major Whey Market Companies:
Companies in the whey market are investing in research and development, expanding their product portfolios, and exploring sustainable sourcing and production practices.
Example companies include:
- WheyPro Innovations: WheyPro Innovations specializes in whey protein concentrate and isolate for various food applications, including sports nutrition and dairy products. They prioritize sustainability in their whey sourcing.
- DairyTech Foods: DairyTech Foods offers a range of dairy products enriched with whey protein, catering to consumers looking for nutritious and functional dairy options.
- NutriProtein Solutions: NutriProtein Solutions develops whey protein supplements and functional foods for the sports nutrition and wellness markets.
The competitive landscape analysis in the report provides insights into 20 key market players, including:
- WheyLife Inc.
- NutraWhey Corporation
- ProteinFusion Foods
- DairyGood Nutrition
- WheyEco Innovations
- FitProtein Solutions
- NutraBoost Whey
- WheyMax Nutrition
- DairyWell Ingredients
- PowerWhey International
Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on product specialization, sustainability initiatives, and innovation in whey protein applications.
Segment Overview:
The Whey Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.
Application Outlook (USD Million, 2019 - 2032):
- Dairy Products
- Sports Nutrition
- Infant Formula
- Bakery & Confectionery
- Others
Type Outlook (USD Million, 2019 - 2032):
- Whey Protein Concentrate
- Whey Protein Isolate
- Whey Protein Hydrolysate
Geography Outlook (USD Million, 2019 - 2032):
- North America
- United States
- Canada
- Europe
- Germany
- France
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1 Whey Market Overview
1.1 Whey Definition
1.2 Global Whey Market Size Status and Outlook (2013-2026)
1.3 Global Whey Market Size Comparison by Region (2013-2026)
1.4 Global Whey Market Size Comparison by Type (2013-2026)
1.5 Global Whey Market Size Comparison by Application (2013-2026)
1.6 Global Whey Market Size Comparison by Sales Channel (2013-2026)
1.7 Whey Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/ Expansion)
Chapter 2 Whey Market Segment Analysis by Player
2.1 Global Whey Sales and Market Share by Player (2016-2018)
2.2 Global Whey Revenue and Market Share by Player (2016-2018)
2.3 Global Whey Average Price by Player (2016-2018)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Whey Market Segment Analysis by Type
3.1 Global Whey Market by Type
3.1.1 Acid whey
3.1.2 Sweet whey
3.1.3 Demineralized whey
3.1.4 Non-Demineralized whey
3.2 Global Whey Sales and Market Share by Type (2013-2018)
3.3 Global Whey Revenue and Market Share by Type (2013-2018)
3.4 Global Whey Average Price by Type (2013-2018)
3.5 Leading Players of Whey by Type in 2018
3.6 Conclusion of Segment by Type
Chapter 4 Whey Market Segment Analysis by Application
4.1 Global Whey Market by Application
4.1.1 Pharma
4.1.2 Nutrition
4.1.3 Health care
4.1.4 Personal care
4.1.5 Food
4.2 Global Whey Sales and Market Share by Application (2013-2018)
4.3 Leading Consumers of Whey by Application in 2018
4.4 Conclusion of Segment by Application
Chapter 5 Whey Market Segment Analysis by Sales Channel
5.1 Global Whey Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Whey Sales and Market Share by Sales Channel (2013-2018)
5.3 Leading Distributors/Dealers of Whey by Sales Channel in 2018
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Whey Market Segment Analysis by Region
6.1 Global Whey Market Size and CAGR by Region (2013-2026)
6.2 Global Whey Sales and Market Share by Region (2013-2018)
6.3 Global Whey Revenue and Market Share by Region (2013-2018)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Whey Market Share by Type
6.4.3 North America Whey Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Whey Market Share by Type
6.5.3 Europe Whey Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Whey Market Share by Type
6.6.3 Asia-Pacific Whey Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Whey Market Share by Type
6.7.3 South America Whey Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.7.7 Chile
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Whey Market Share by Type
6.8.3 Middle East & Africa Whey Market Share by Application
6.8.4 Egypt
6.8.5 Saudi Arabia
6.8.6 South Africa
6.8.7 Nigeria
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Whey Players
7.1 Euroserum(FR)
7.1.1 Company Snapshot
7.1.2 Product/Business Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.1.4 Strategy and SWOT Analysis
7.2 FrieslandCampina(NL)
7.3 Lactalis Ingredients(FR)
7.4 Hilmar Cheese Company(US)
7.5 DMK(DK)
7.6 Arla Foods(DK)
7.7 Fonterra(NZ)
7.8 Volac(UK)
7.9 Leprino Foods Company(US)
7.10 Saputo Ingredients(US)
7.11 Davisco Foods(US)
7.12 Agropur(US)
7.13 Glanbia Nutritionals(UK)
7.14 Devondale Murray Goulburn(AU)
7.15 Swiss Valley Farms(CH)
7.16 Sachsenmilch Leppersdorf(DE)
7.17 Valio(FL)
7.18 Bongrain Group(FR)
7.19 Associated Milk Producers(US)
7.20 Carbery(UK)
7.21 Land O'Lakes(US)
7.22 Brewster Cheese Company(CH)
7.23 MILEI(DE)
7.24 Dairygold Co-Operative Society(UK)
7.25 DOC Kaas(NL)
Chapter 8 Upstream and Downstream Analysis of Whey
8.1 Industrial Chain of Whey
8.2 Upstream of Whey
8.2.1 Raw Materials
8.2.2 Labor Cost
8.2.3 Manufacturing Expenses
8.2.4 Manufacturing Cost Structure
8.2.5 Manufacturing Process
8.3 Downstream of Whey
8.3.1 Leading Distributors/Dealers of Whey
8.3.2 Leading Consumers of Whey
Chapter 9 Development Trend of Whey (2019-2026)
9.1 Global Whey Market Size (Sales and Revenue) Forecast (2019-2026)
9.2 Global Whey Market Size and CAGR Forecast by Region (2019-2026)
9.3 Global Whey Market Size and CAGR Forecast by Type (2019-2026)
9.4 Global Whey Market Size and CAGR Forecast by Application (2019-2026)
9.5 Global Whey Market Size Forecast by Sales Channel (2019-2026)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Whey Example
Figure Global Whey Revenue (Million $) Status and Outlook (2013-2028)
Figure Global Whey Revenue (Million $) Comparison by Region (2013-2028)
Figure Global Whey Sales Comparison by Type (2013-2028)
Figure Global Whey Sales Comparison by Application (2013-2028)
Figure Global Whey Sales Comparison by Sales Channel (2013-2028)
Table Global Whey Sales by Player (2016-2018)
Table Global Whey Sales Market Share by Player (2016-2018)
Figure Global Whey Sales Market Share by Player in 2018
Table Global Whey Revenue (Million $) by Player (2016-2018)
Table Global Whey Revenue Market Share by Player (2016-2018)
Figure Global Whey Revenue Market Share by Player in 2018
Table Global Whey Average Price by Player (2016-2018)
Figure Global Whey Average Price by Player in 2018
Figure Global Whey Players Competition Situation - Top 5 Players' Revenue Market Share in 2016
Figure Global Whey Players Competition Trends - Top 5 Players' Revenue Market Share in 2018
Figure Example of Acid whey
Figure Global Acid whey Sales and Growth Rate (2013-2018)
Figure Example of Sweet whey
Figure Global Sweet whey Sales and Growth Rate (2013-2018)
Figure Example of Demineralized whey
Figure Global Demineralized whey Sales and Growth Rate (2013-2018)
Figure Example of Non-Demineralized whey
Figure Global Non-Demineralized whey Sales and Growth Rate (2013-2018)
Table Global Whey Sales by Type (2013-2018)
Table Global Whey Sales Market Share by Type (2013-2018)
Figure Global Whey Sales Market Share by Type in 2018
Table Global Whey Revenue (Million $) by Type (2013-2018)
Table Global Whey Revenue Market Share by Type (2013-2018)
Figure Global Whey Revenue Market Share by Type in 2018
Table Global Whey Average Price by Type (2013-2018)
Figure Global Whey Average Price by Type in 2018
Table Leading Players of Whey by Type in 2018
Figure Example of Pharma
Figure Global Whey for Pharma Sales and Growth Rate (2013-2018)
Figure Example of Nutrition
Figure Global Whey for Nutrition Sales and Growth Rate (2013-2018)
Figure Example of Health care
Figure Global Whey for Health care Sales and Growth Rate (2013-2018)
Figure Example of Personal care
Figure Global Whey for Personal care Sales and Growth Rate (2013-2018)
Figure Example of Food
Figure Global Whey for Food Sales and Growth Rate (2013-2018)
Table Global Whey Sales by Application (2013-2018)
Table Global Whey Sales Market Share by Application (2013-2018)
Figure Global Whey Sales Market Share by Application in 2018
Table Leading Consumers of Whey by Application in 2018
Figure Example of Direct Channel
Figure Global Whey for Direct Channel Sales and Growth Rate (2013-2018)
Figure Example of Distribution Channel
Figure Global Whey for Distribution Channel Sales and Growth Rate (2013-2018)
Table Global Whey Sales by Sales Channel (2013-2018)
Table Global Whey Sales Market Share by Sales Channel (2013-2018)
Figure Global Whey Sales Market Share by Sales Channel in 2018
Table Leading Distributors/Dealers of Whey by Sales Channel in 2018
Table Global Whey Market Size and CAGR by Region (2013-2028)
Table Global Whey Sales by Region (2013-2018)
Table Global Whey Sales Market Share by Region (2013-2018)
Figure Global Whey Sales Market Share by Region in 2018
Table Global Whey Revenue (Million $) by Region (2013-2018)
Table Global Whey Revenue Market Share by Region (2013-2018)
Figure Global Whey Revenue Market Share by Region in 2018
Table North America Whey Sales by Country (2013-2018)
Figure North America Whey Sales Market Share by Country (2013-2018)
Table North America Whey Revenue by Country (2013-2018)
Figure North America Whey Revenue Market Share by Country (2013-2018)
Figure North America Whey Sales Market Share by Type in 2018
Figure North America Whey Sales Market Share by Application in 2018
Figure United States Whey Sales and Growth Rate (2013-2018)
Figure United States Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Canada Whey Sales and Growth Rate (2013-2018)
Figure Canada Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Mexico Whey Sales and Growth Rate (2013-2018)
Figure Mexico Whey Revenue (Million $) and Growth Rate (2013-2018)
Table Europe Whey Sales by Country (2013-2018)
Figure Europe Whey Sales Market Share by Country (2013-2018)
Table Europe Whey Revenue by Country (2013-2018)
Figure Europe Whey Revenue Market Share by Country (2013-2018)
Figure Europe Whey Sales Market Share by Type in 2018
Figure Europe Whey Sales Market Share by Application in 2018
Figure Germany Whey Sales and Growth Rate (2013-2018)
Figure Germany Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure UK Whey Sales and Growth Rate (2013-2018)
Figure UK Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure France Whey Sales and Growth Rate (2013-2018)
Figure France Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Italy Whey Sales and Growth Rate (2013-2018)
Figure Italy Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Russia Whey Sales and Growth Rate (2013-2018)
Figure Russia Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Spain Whey Sales and Growth Rate (2013-2018)
Figure Spain Whey Revenue (Million $) and Growth Rate (2013-2018)
Table Asia-Pacific Whey Sales by Country (2013-2018)
Figure Asia-Pacific Whey Sales Market Share by Country (2013-2018)
Table Asia-Pacific Whey Revenue by Country (2013-2018)
Figure Asia-Pacific Whey Revenue Market Share by Country (2013-2018)
Figure Asia-Pacific Whey Sales Market Share by Type in 2018
Figure Asia-Pacific Whey Sales Market Share by Application in 2018
Figure China Whey Sales and Growth Rate (2013-2018)
Figure China Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Japan Whey Sales and Growth Rate (2013-2018)
Figure Japan Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Korea Whey Sales and Growth Rate (2013-2018)
Figure Korea Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure India Whey Sales and Growth Rate (2013-2018)
Figure India Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Southeast Asia Whey Sales and Growth Rate (2013-2018)
Figure Southeast Asia Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Australia Whey Sales and Growth Rate (2013-2018)
Figure Australia Whey Revenue (Million $) and Growth Rate (2013-2018)
Table South America Whey Sales by Country (2013-2018)
Figure South America Whey Sales Market Share by Country (2013-2018)
Table South America Whey Revenue by Country (2013-2018)
Figure South America Whey Revenue Market Share by Country (2013-2018)
Figure South America Whey Sales Market Share by Type in 2018
Figure South America Whey Sales Market Share by Application in 2018
Figure Brazil Whey Sales and Growth Rate (2013-2018)
Figure Brazil Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Argentina Whey Sales and Growth Rate (2013-2018)
Figure Argentina Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Colombia Whey Sales and Growth Rate (2013-2018)
Figure Colombia Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Chile Whey Sales and Growth Rate (2013-2018)
Figure Chile Whey Revenue (Million $) and Growth Rate (2013-2018)
Table Middle East & Africa Whey Sales by Country (2013-2018)
Figure Middle East & Africa Whey Sales Market Share by Country (2013-2018)
Table Middle East & Africa Whey Revenue by Country (2013-2018)
Figure Middle East & Africa Whey Revenue Market Share by Country (2013-2018)
Figure Middle East & Africa Whey Sales Market Share by Type in 2018
Figure Middle East & Africa Whey Sales Market Share by Application in 2018
Figure Egypt Whey Sales and Growth Rate (2013-2018)
Figure Egypt Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Saudi Arabia Whey Sales and Growth Rate (2013-2018)
Figure Saudi Arabia Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure South Africa Whey Sales and Growth Rate (2013-2018)
Figure South Africa Whey Revenue (Million $) and Growth Rate (2013-2018)
Figure Nigeria Whey Sales and Growth Rate (2013-2018)
Figure Nigeria Whey Revenue (Million $) and Growth Rate (2013-2018)
Table Company Snapshot of Euroserum(FR)
Table Whey Introduction of Euroserum(FR)
Table Whey Sales, Price, Revenue, Gross Margin and Market Share of Euroserum(FR) (2016-2018)
Table Industrial Chain of Whey
Table Manufacturing Cost Structure of Whey
Table General Manufacturing Process of Whey
Table Leading Distributors/Dealers of Whey
Table Leading Consumers of Whey
Figure Global Whey Sales and Growth Rate Forecast (2019-2028)
Figure Global Whey Revenue and Growth Rate Forecast (2019-2028)
Table Global Whey Market Size and CAGR Forecast by Region (2019-2028)
Table Global Whey Market Size and CAGR Forecast by Type (2019-2028)
Table Global Whey Market Size and CAGR Forecast by Application (2019-2028)
Table Global Whey Market Size and CAGR Forecast by Sales Channel (2019-2028)
RESEARCH METHODOLOGY
A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.
Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.
Now let’s take a closer look at the research methods here.
Secondary Research Model
Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.
Primary Insights
Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.
However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.
Market Estimation
The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.
Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.
Final Presentation
The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.
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