Whey Protein Ingredients Market Growth- By Nature, By Type, By Application, By Product - Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Global Whey Protein Ingredients Market Overview:

According to SPER Market Research, the Whey Protein Ingredients Market is estimated to reach USD 15.98 billion by 2032 with a CAGR of 10.5%.

Whey protein components are globular proteins that have been separated from the whey, the liquid substance produced as a byproduct of making cheese. Compared to soy, egg, and other milk-based proteins, these components have a higher protein concentration, which is why consumers prefer them. Whey proteins are used as dietary supplements all over the world because they have several health benefits. For instance, whey protein is frequently used to enhance insulin sensitivity, glucose tolerance, and lipid profiles, which in turn promote arterial stiffness and lower blood pressure. To give the infants a balanced diet, the denatured powder is also used to control the concentration of whey protein. These components also lower hepatic cholesterol levels in older people. One of the main reasons driving the growth of the whey protein ingredients market is the rising popularity of whey supplements among children and the advent of pediatric milk formulas based on whey protein. Due to its benefits for weight reduction, enhanced strength, better immunity, and mass gain, whey protein concentrates are in higher demand, particularly in the personal care sector. The market for whey protein ingredients is driven by elements including the possible health advantages of dairy nutritional and nutraceutical substances, the high demand for milk-based ingredients in skin and hair care cosmetics, and the simple accessibility of caseins and casein. The demand for nutraceutical components from the food processing industry is also rising significantly, which presents a potential opportunity for the expansion of the market for whey protein ingredients globally. To gain more muscle, bodybuilders frequently take concentrated whey protein. Seniors who have low appetites may drink protein drinks to guarantee proper nourishment. Due to the increasing expansion of the global economy and disposable incomes, the whey protein components market presents a variety of possibilities to market participants. The need for dairy ingredients, the rise in the number of working women, the usage of whey protein components as part of the wellness trend, and the population's increased awareness of health issues are some key factors supporting the market's expansion. Additionally, it's anticipated that whey protein isolates will be quickly adopted in applications for packaging, frozen foods (processed meat), bakery & confectionery (bakery muffins), sports nutrition (protein shakes), and bakery & confectionery. However, unclear regulatory requirements, changing milk prices, and problems related to a rise in the number of animal illnesses are some of the significant factors that are predicted to restrain market growth over the forecast period. The need for hydrolyzed whey proteins as nutritional supplements among infant formulae, sports nutrition products, and medical nutrition is anticipated to expand, particularly in North America and Europe. Additionally, the usage of whey protein components has increased due to rising per capita disposable incomes in emerging nations like China, India, and Korea, which has resulted in an unprecedented rise in demand for the ingredients internationally. Additionally, a rise in demand for components found in meat, poultry, and fish due to their ability to bind water further fuels the market's expansion.

Impact of COVID-19 on the Global Whey Protein Ingredients Market:

Consumer demand for protein-rich foods remained steady. The new coronavirus epidemic has, nevertheless, had a favourable impact on the market's expansion. The consumer knowledge of the need of developing a healthy immune system might be ascribed to the market expansion of whey protein components. More than four out of five consumers agree that the coronavirus epidemic has impacted their eating habits, causing them to prepare, eat, purchase, and think about food differently, according to the International Food Information Council's annual Food & Health Survey. During the pandemic, all of these reasons significantly raised the sales of protein-based goods, and they are all predicted to continue doing so during the forecast period.

Scope of the Report:

• Market size available for years: 2019-2032

• Base year considered: 2021

• Forecast period: 2022-2032

• Segments covered: By Nature, By Type, By Application, By Product

• Regions covered: North America, Europe, Asia Pacific, Latin America, Middle East and Africa

• Companies Covered: Archer Daniels Midland Company, Arla Foods, Burcon NutraScience, Carberry Food Ingredients, Cargill Incorporation, CHS Inc., Dairy Farmers of America, Davisco Food International, DuPont, Fonterra Co-Operative Group Ltd., Glanbia plc, Hilmar Cheese Company, Kewpie Corporation, Maple Island Incorporation , Mead Johnson & Company, LLC, Roquette Freres, Rousselot, Tessenderlo Group, The Scoular Company.

Global Whey Protein Ingredients Market Segmentation:

• By Nature: Based on the Nature, Global Whey Protein Ingredients Market is segmented as; Organic and Conventional.

• By Type: Based on the Type, Global Whey Protein Ingredients Market is segmented as; Whey Protein Concentrate (WPC 80 and WPC 35), Whey Protein Isolate, Hydrolyzed Whey Protein, Demineralized Whey Protein.

• By Application: Based on the Application, Global Whey Protein Ingredients Market is segmented as; Food & Beverages (Bakery & Confectionery, Beverages, Breakfast Cereals, Dairy Alternatives, Dietary Supplements/Weight Management, Meat Alternatives & Extenders, Snacks, Sports Nutrition, Others) Infant Formulations, Clinical Nutrition, Animal Feed, Others.

• By Product: Based on the Product, Global Whey Protein Ingredients Market is segmented as; Plant Proteins (Cereal-based, Legumes-based, Root-based, Nuts & Seeds-based, Ancient Grains), Animal/Dairy Proteins (Egg Protein, Milk Protein Concentrates/Isolates, Whey Protein Concentrates, Whey Protein Hydrolysates, Whey Protein Isolates, Gelatin, Casein/Caseinates, Collagen Peptides), Microbe-based Proteins (Algae, Bacteria, Yeast, Fungi), Insect Proteins (Coleoptera, Lepidoptera, Hymenoptera, Orthoptera, Hemiptera, Diptera, Others).

• By Region: With about two-fifths of the market, North America held the biggest revenue share in the previous year and is expected to maintain its position of dominance going forward. Additionally, it is anticipated that Asia-Pacific would see the fastest growth rate during the projection period.