Whey Protein Ingredients Market Slated to Experience a Massive Growth in the Forthcoming Years

February, 2030/MRFR Press Release/- Market Research Future has published a report on the Global Whey Protein Ingredients Market

Overview:

Protein is a highly important nutrient that shoulders the responsibilities of numerous bodily functions, such as supporting the buildup of tissues, muscles, and cells. Whey protein is an extremely fine protein that is used as a supplement and is consumed by bodybuilders, athletes, and fitness enthusiasts. Whey protein helps attain muscle in a quick span of time and fulfills the requisite protein intake required by a person for muscle growth. It is used for the production of various sports drinks and nutritional food & beverages. Whey proteins are made up several ingredients with the help of a filtration method. The global Whey Protein Ingredient market is projected to experience significant growth during the forecast period, 2022-2030, owing to multiple factors and drivers.

In an exclusive market report, Market Research Future (MRFR) reveals that whey protein ingredients are witnessing a level of demand on a global scale. The growing demand for dairy-based products containing high nutritional value is supporting the acceleration of the global market. Increasing awareness concerning individual health amongst the consumers is driving the demand for high protein containing product that offers various health benefits. The high percentage of addition of whey proteins in infant food formulas is also finding a positive influence on the market. Higher number of investments by companies in this market to grab hold of consumer attention Is accelerating the growth of the global whey protein ingredients market. The product enhancement coupled with rapid technological advancements is considered to be two significant factors behind the projected growth trajectory of the whey protein ingredients market during the forecast period.

Market Segmentation

The whey protein ingredients market is segmented in terms of type and application,

Based on type, the market comprises whey protein concentrate, demineralized whey protein, hydrolyzed whey protein, whey protein isolate, and others. Hydrolyzed whey protein segment is the most dominating holder of the market followed by whey protein concentrate due to the presence of high protein content that is used for sports nutritional products.

Based on application, the market for whey protein ingredients is segmented into frozen and dairy desserts, snacks, sports nutrition, bakery and confectionary, meat-based products, beverages, and others. The sports nutrition segment is the major player in the market due to the rising demand for functional food products amongst athletes.

Regional Analysis

The regional segmentation of the global whey protein ingredients market comprises North America, Asia Pacific, Europe, and Rest of the World.

The North American region is the market dominator followed up by Europe due to the increasing demand for nutritive protein-based food products across the developed countries. Countries like the US, Germany, Canada, China, Germany, and the UK are the biggest importers of whey protein ingredients. Moreover, some of the key players of the market are actively involved with the R&D of the product in accordance to the regulations of North America for food fortification with whey protein ingredients. Ameliorating demand for sports nutrition supplements for muscle growth and expansion in countries like Canada and the US is also supporting these regions to retain its hold as the biggest market players.

Competitive Analysis

The major players identified in the global whey protein ingredients market are Carbery Food Ingredients Ltd. (Ireland), Fonterra Co-operative Group Ltd. (New Zealand), Omega Protein Corporation (U.S.), Hilmar Cheese Company, Inc. (U.S.), Associated British Foods plc (U.K), Wacker Chemie AG (Germany), Davisco Foods International, Inc. (U.S.), Cargill Inc. (U.S.), Archer Daniels Midland Company (U.S.), Arla Foods amba (Denmark), and others.

On Jan 2019, Parabel, a Florida-based company that grows and processes powered protein out of duckweed, announced the signing of a deal with CK Ingredients. The move will allow the distribution of Parabel’s branded protein ingredient to be consumed in Canada.

On Jan 2019, Arla Foods ingredients announced the launch of its new infant formula that is designed and developed to support the digestive comfort of infants.