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PUBLISHER: IMARC | PRODUCT CODE: 1236766

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PUBLISHER: IMARC | PRODUCT CODE: 1236766

Whey Protein (Powder and Concentrate) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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The global whey protein (powder and concentrate) market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 6.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.

Whey protein is derived from whey, a watery portion of milk that separates from the curds during cheese production. It boosts muscle mass, maintains blood sugar levels, promotes weight loss, reduces inflammation, and helps in the treatment of diabetes. As it aids in improving athletic performance and boosting strength, whey protein is gaining traction among athletes and sports enthusiasts around the world.

Whey Protein Market Trends:

  • The expanding purchasing power and the increasing adoption of a healthy and nutritious diet are among the major factors positively influencing the demand for whey protein worldwide. In addition, it is widely used in the preparation of shakes, muffins, cupcakes, smoothies, pancakes, coffee, and spreads, which are served across commercial food outlets. This, in confluence with the burgeoning food and beverage (F&B) industry, is contributing to the market growth. Moreover, the rising awareness about the health benefits of consuming whey protein and the growing health consciousness among the masses are driving the market. Furthermore, as it is utilized in the manufacturing of baby food and infant formula, increasing concerns of parents about the balanced nutrition of their children are creating a positive outlook for the market. Besides this, the rising consumption of dietary supplements in daily routine for maintaining overall health is favoring the market growth. Apart from this, product manufacturers are introducing novel variants in innovative flavors like coconut, caramel, chocolate, cranberry, and coffee to expand their product portfolio. They are also focusing on providing whey protein-based beverages and bakery products through online retail channels. This, in confluence with the thriving e-commerce industry, is offering lucrative growth opportunities to industry investors.

Key Market Segmentation:

  • IMARC Group provides an analysis of the key trends in each sub-segment of the global whey protein (powder and concentrate) market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on type and application.

Breakup by Type:

  • Whey Protein Concentrate
  • Whey Protein Isolate
  • Whey Protein Hydrolysates
  • Whey protein concentrate exhibits a clear dominance in the market as it is rich in branched chain amino acids (BCAA's) and offers a higher percentage of lactose, which assists in gaining muscle mass

Breakup by Application:

  • Food and Beverages
  • Nutrition Products and Pharmaceuticals
  • Feed Applications
  • Others
  • Nutrition products and pharmaceuticals dominate the market as they help meet the nutritional requirements of individuals.

Regional Insights:

  • European Union
  • North America
  • Oceania
  • Eastern Europe
  • Latin America
  • Others
  • European Union holds the majority of the global whey protein market share due to the growing health consciousness among the masses.

Competitive Landscape:

  • The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are
  • Arla Foods
  • Agropur Inc.
  • Hilmar Cheese Company, Inc.
  • Glanbia Plc
  • Kerry Group Plc
  • Milk Specialties Global
  • Leprino Foods Company
  • Carbery
  • Grande Cheese Company
  • Lactalis Group
  • This report provides a deep insight into the global whey protein industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a whey protein manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the whey protein industry in any manner.

Key Questions Answered in This Report:

  • 1. What was the size of the global whey protein (powder and concentrate) market in 2022?
  • 2. What is the expected growth rate of the global whey protein (powder and concentrate) market during 2023-2028?
  • 3. What are the key factors driving the global whey protein (powder and concentrate) market?
  • 4. What has been the impact of COVID-19 on the global whey protein (powder and concentrate) market?
  • 5. What is the breakup of the global whey protein (powder and concentrate) market based on the type?
  • 6. What is the breakup of the global whey protein (powder and concentrate) market based on the application?
  • 7. What are the key regions in the global whey protein (powder and concentrate) market?
  • 8. Who are the key players/companies in the global whey protein (powder and concentrate) market?
Product Code: SR1523A31_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Whey Protein Industry

  • 5.1 Market Overview
  • 5.2 Market Performance
    • 5.2.1 Volume Trends
    • 5.2.2 Value Trends
  • 5.3 Impact of COVID-19
  • 5.4 Price Analysis
    • 5.4.1 Key Price Indicators
    • 5.4.2 Price Structure
    • 5.4.3 Price Trends
  • 5.5 Market Breakup by Type
  • 5.6 Market Breakup by Application
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast
  • 5.9 SWOT Analysis
    • 5.9.1 Overview
    • 5.9.2 Strengths
    • 5.9.3 Weaknesses
    • 5.9.4 Opportunities
    • 5.9.5 Threats
  • 5.10 Value Chain Analysis
    • 5.10.1 Raw Material Procurement
    • 5.10.2 Manufacturing
    • 5.10.3 Marketing
    • 5.10.4 Distribution
    • 5.10.5 Export
    • 5.10.6 End-Use
  • 5.11 Porter's Five Forces Analysis
    • 5.11.1 Overview
    • 5.11.2 Bargaining Power of Buyers
    • 5.11.3 Bargaining Power of Suppliers
    • 5.11.4 Degree of Competition
    • 5.11.5 Threat of New Entrants
    • 5.11.6 Threat of Substitutes
  • 5.12 Key Success Factors and Risk Factors

6 Market Breakup by Type

  • 6.1 Whey Protein Concentrate
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 Whey Protein Isolate
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Whey Protein Hydrolysates
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast

7 Market Breakup by Application

  • 7.1 Food and Beverages
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Nutrition Products and Pharmaceuticals
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Feed Applications
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Others
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast

8 Market Breakup by Region

  • 8.1 European Union
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 North America
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Oceania
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Eastern Europe
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Latin America
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast
  • 8.6 Others
    • 8.6.1 Market Trends
    • 8.6.2 Market Forecast

9 Competitive Landscape

  • 9.1 Market Structure
  • 9.2 Key Players

10 Whey Protein Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Detailed Process Flow
  • 10.3 Various Types of Unit Operations Involved
  • 10.4 Mass Balance and Raw Material Requirements

11 Project Details, Requirements and Costs Involved

  • 11.1 Land Requirements and Expenditures
  • 11.2 Construction Requirements and Expenditures
  • 11.3 Plant Machinery
  • 11.4 Machinery Pictures
  • 11.5 Raw Material Requirements and Expenditures
  • 11.6 Raw Material and Final Product Pictures
  • 11.7 Packaging Requirements and Expenditures
  • 11.8 Transportation Requirements and Expenditures
  • 11.9 Utility Requirements and Expenditures
  • 11.10 Manpower Requirements and Expenditures
  • 11.11 Other Capital Investments

12 Loans and Financial Assistance

13 Project Economics

  • 13.1 Capital Cost of the Project
  • 13.2 Techno-Economic Parameters
  • 13.3 Product Pricing and Margins Across Various Levels of the Supply Chain
  • 13.4 Taxation and Depreciation
  • 13.5 Income Projections
  • 13.6 Expenditure Projections
  • 13.7 Financial Analysis
  • 13.8 Profit Analysis

14 Key Player Profiles

  • 14.1 Arla Foods
  • 14.2 Agropur Inc.
  • 14.3 Hilmar Cheese Company, Inc.
  • 14.4 Glanbia Plc
  • 14.5 Kerry Group Plc
  • 14.6 Milk Specialties Global
  • 14.7 Leprino Foods Company
  • 14.8 Carbery
  • 14.9 Grande Cheese Company
  • 14.10 Lactalis Group
Product Code: SR1523A31_Report

List of Figures

  • Figure 1: Global: Whey Protein Market: Major Drivers and Challenges
  • Figure 2: Global: Whey Protein Market: Volume Trends (in Million Tons), 2017-2022
  • Figure 3: Global: Whey Protein Market: Value Trends (in Billion US$), 2017-2022
  • Figure 4: Whey Protein Manufacturing: Price Structure
  • Figure 5: Global: Whey Protein Market: Average Prices (in US$/Ton), 2017-2022
  • Figure 6: Global: Whey Protein Market Forecast: Average Prices (in US$/Ton), 2023-2028
  • Figure 7: Global: Whey Protein Market: Breakup by Type (in %), 2022
  • Figure 8: Global: Whey Protein Market: Breakup by Application (in %), 2022
  • Figure 9: Global: Whey Protein Market: Breakup by Region (in %), 2022
  • Figure 10: Global: Whey Protein Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 11: Global: Whey Protein Market Forecast: Value Trends (in Billion US$), 2023-2028
  • Figure 12: Global: Whey Protein Industry: SWOT Analysis
  • Figure 13: Global: Whey Protein Industry: Value Chain Analysis
  • Figure 14: Global: Whey Protein Industry: Porter's Five Forces Analysis
  • Figure 15: European Union: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 16: European Union: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 17: North America: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 18: North America: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 19: Oceania: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 20: Oceania: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 21: Eastern Europe: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 22: Eastern Europe: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 23: Latin America: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 24: Latin America: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 25: Others: Whey Protein Market (in Billion US$), 2017 & 2022
  • Figure 26: Others: Whey Protein Market Forecast (in Billion US$), 2023-2028
  • Figure 27: Global: Whey Protein (Concentrate) Market (in Billion US$), 2017 & 2022
  • Figure 28: Global: Whey Protein (Concentrate) Market Forecast (in Billion US$), 2023-2028
  • Figure 29: Global: Whey Protein (Isolate) Market (in Billion US$), 2017 & 2022
  • Figure 30: Global: Whey Protein (Isolate) Market Forecast (in Billion US$), 2023-2028
  • Figure 31: Global: Whey Protein (Hydrolysates) Market (in Billion US$), 2017 & 2022
  • Figure 32: Global: Whey Protein (Hydrolysates) Market Forecast (in Billion US$), 2023-2028
  • Figure 33: Global: Whey Protein (Food and Beverages) Market (in Billion US$), 2017 & 2022
  • Figure 34: Global: Whey Protein (Food and Beverages) Market Forecast (in Billion US$), 2023-2028
  • Figure 35: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market (in Billion US$), 2017 & 2022
  • Figure 36: Global: Whey Protein (Nutrition Products and Pharmaceuticals) Market Forecast (in Billion US$), 2023-2028
  • Figure 37: Global: Whey Protein (Feed Applications) Market (in Billion US$), 2017 & 2022
  • Figure 38: Global: Whey Protein (Feed Applications) Market Forecast (in Billion US$), 2023-2028
  • Figure 39: Global: Whey Protein (Others) Market (in Billion US$), 2017 & 2022
  • Figure 40: Global: Whey Protein (Others) Market Forecast (in Billion US$), 2023-2028
  • Figure 41: Whey Protein Manufacturing: Detailed Process Flow
  • Figure 42: Whey Protein Manufacturing Process: Conversion Rate of Feedstocks
  • Figure 43: Whey Protein Manufacturing Plant: Breakup of Capital Costs (in %)
  • Figure 44: Whey Protein Industry: Profit Margins at Various Levels of the Supply Chain
  • Figure 45: Whey Protein Manufacturing: Production Cost Breakup (in %)

List of Tables

  • Table 1: Global: Whey Protein Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Whey Protein Market Forecast: Breakup by Type (in Billion US$), 2023-2028
  • Table 3: Global: Whey Protein Market Forecast: Breakup by Application (in Billion US$), 2023-2028
  • Table 4: Global: Whey Protein Market Forecast: Breakup by Region (in Billion US$), 2023-2028
  • Table 5: Global: Whey Protein Market: Competitive Structure
  • Table 6: Global: Whey Protein Market: Key Players
  • Table 7: Whey Protein Manufacturing Plant: Costs Related to Land and Site Development (in US$)
  • Table 8: Whey Protein Manufacturing Plant: Costs Related to Civil Works (in US$)
  • Table 9: Whey Protein Manufacturing Plant: Costs Related to Machinery (in US$)
  • Table 10: Whey Protein Manufacturing Plant: Raw Material Requirements
  • Table 11: Whey Protein Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
  • Table 12: Whey Protein Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
  • Table 13: Details of Financial Assistance Offered by Financial Institutions
  • Table 14: Whey Protein Manufacturing Plant: Capital Costs (in US$)
  • Table 15: Whey Protein Manufacturing Plant: Techno-Economic Parameters (in US$)
  • Table 16: Whey Protein Manufacturing Plant: Taxation and Depreciation (in US$)
  • Table 17: Whey Protein Manufacturing Plant: Income Projections (in US$)
  • Table 18: Whey Protein Manufacturing Plant: Expenditure Projections (in US$)
  • Table 19: Whey Protein Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
  • Table 20: Whey Protein Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
  • Table 21: Whey Protein Manufacturing Plant: Profit and Loss Account (in US$)
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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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