Whey Market Research Report - Forecast to 2023

Global Whey Market Research Report: By Type (Whey Protein Concentrate (WPC), by Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), and Others), by Application (Functional Foods, Functional Beverages, Dietary Supplements, and Others), by Region – Forecast Till 2023

ID: MRFR/F-B & N/1802-HCR | February 2021 | Region: Global | 110 pages

Market Synopsis of the Whey Market


Market Definition


The escalating demand for dairy-based products due to the high nutritional value is supporting the growth of the whey market globally. Increasing health awareness is facilitating the growth of whey in the global market. Whey contributes to muscle growth which tends to sustain higher demand for whey products and its derivatives on a global platform. The application of whey in the infant food formula and as a protein supplement is found to have a positive influence on the sales of whey products. Furthermore, the application of whey in functional beverages is witnessing a surge based on the growing popularity of ready-to-drink protein products.


Market Scenario       


The mounting growth of healthy foods & beverages including functional RTD beverages in developing countries is causing an increased demand for whey globally. The escalating market share of functional beverages and sports drinks have also uplifted the demand for whey in the food and beverage industry. Furthermore, the rising consumption of dairy-based nutritive products is also supporting the sales of whey on a global level.


High focus on the R&D sector will the ensure production of quality whey products with improved functionality, globally. Additionally, improvement in the production process and development of functional foods & beverages from whey are expected to support the growth of the global whey market during the forecast period, 2017–2023.


  Key Findings



  • The Asia Pacific region is experiencing a high demand for whey as a potential protein ingredient

  • Top five exporters of whey are the U.S., the U.K., China, the Netherlands, and France

  • In November 2017, Arla Foods launched their range of new whey protein for the RTD drinks market. Rising health consciousness and increased demand for innovative protein products have encouraged them towards the launch of the product.


Intended Audience



  • Whey Manufacturers

  • Functional Food & Beverage Industry

  • Sports Nutrition Product Manufacturers

  • Confectionery Industry

  • Raw Material Suppliers

  • Traders, Importers, and Exporters


Segments


The global whey market is segmented into type and application.


On the basis of type, it is segmented into Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP), and others. Among all, the Whey Protein Concentrates (WPC) segment dominates the market owing to its wide application in protein beverages and nutritional supplements.


On the basis of application, it is segmented into functional foods, functional beverages, dietary supplements, and others. Among all, functional beverages are dominating the market owing to the increasing inclination of consumers towards functional “on-the-go” beverages. However, the increased consumption of health supplements is supporting the growth of whey in dietary supplements on a global level.


Regional Analysis


The global whey market is segmented into North America, Asia Pacific, Europe, and the Rest of the World (RoW). North America is dominating the whey market followed by Europe. The increasing demand for nutritional protein-based food products among the developed countries of North America and the European region is supporting the growth of whey market in these regions. Additionally, Canada, Germany, the U.K., the U.S., and China are the major importers of whey.


Asia Pacific is the fastest growing region for the whey market owing to increasing health awareness and developing an economy which further supports the increased disposable income in the countries of Asia Pacific.


Key Players


Some of the key players profiled in the global whey market are Agropur MSI, LLC (U.S.), Arla Foods (Denmark), American Dairy Products Institute (U.S.), Westland Co-operative Dairy Company (New Zealand), Glanbia, Plc (Ireland), DMK Group (Germany), Davisco Foods Internation, Inc (U.S.), and Milk Specialties Global (U.S.), among many others.


The global whey market is segmented into the following regions


North America



  • S.

  • Canada

  • Mexico


Europe



  • Germany

  • France

  • Italy

  • Spain

  • K.

  • Rest of Europe


Asia Pacific



  • China

  • India

  • Australia

  • Japan

  • Rest of Asia Pacific


Rest of the World



  • Brazil

  • Argentina

  • South Africa

  • Others


The report for the global whey market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts and key opinion leaders to gain the deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, and macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of different market segments and regions.


 



List oF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Definition

2.2 Scope of the study

2.2.1 Research Objectives

2.2.2 Assumptions

2.2.3 Limitations

2.3 Markets Structure

2.4 Stakeholders

3 Research methodology

3.1 Research Methods

3.1.1 Primary research

3.1.2 Secondary research

3.2 Forecast model

3.3 Market Size estimation

4 MARKET DYNAMICS

4.1 Introduction

4.1.1 Trends in Supply/Production

4.1.2 Trends in Demand/Consumption

4.1.3 Value chain analysis

4.1.4 Porter’s five forces

4.1.5 Supply Chain Analysis

4.1.6 Macroeconomic indicators Analysis for top 5 Producing countries

5 MARKET TRENDS

5.1 Consumer Trends

5.2 Feedstock Analysis

5.3 Trends in Production and Consumption

5.4 Trade (Import-export) Analysis

5.5 Trends in Whey supply and demand

6 MARKET FACTOR ANALYSIS

6.1 Introduction

6.1.1 Cost Drivers of Whey protein

6.1.2 Consumer Preferences

6.1.3 Consumer Trends

7. MARKET-By Source

7.1 Introduction

7.2 Market size (sub segments)

7.2.1 Cheese Whey

7.2.2 Casein Whey

7.2.3 Others

8. MARKET-By Form

8.1 Introduction

8.2 Market size (sub segments)

8.2.1 Powder

8.2.2 Liquid

8.2.3 Bars

8.2.3 Others

9. MARKET-By Type

9.1 Introduction

9.2 Market size (sub segments)

9.2.1 Hydrolyzed Whey Protein

9.2.2 Whey Protein Concentrates (WPC)

9.2.3 Whey Protein Isolates (WPI) and

9.2.4 Others

10. MARKET-By Application

10.1 Introduction

10.2 Market size (sub segments)

10.2.1 Sports Nutrition

10.2.2 Dairy

10.2.3 Functional Beverage

10.2.4 Infant Formula

10.2.5 Dietary Supplements

10.2.6 Bakery and Confectionery and

10.2.7 Pharmaceuticals

10.2.8 Others

11. MARKET -By Region

11.1 Introduction

11.2 North America

11.2.1 U.S.

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Introduction

11.3.1 Germany

11.3.2 France

11.3.3 Netherlands

11.3.4 U.K.

11.3.5 Rest of Europe

11.4 Asia– Pacific

11.4.1 China

11.4.2 India

11.4.3 Thailand

11.4.4 Rest of Asia-Pacific

11.5 RoW

11.5.1 Brazil

11.5.2 Egypt

11.5.3 Mauritius

11.5.4 South Africa

11.5.5 Others

12. Competitive landscape

12.1 Introduction

12.2 Product Launch/Development

12.3 Partnerships and Collaborations

12.4 Acquisitions

12.5 Business Expansion

13. COMPANY PROFILES

13.1 Arla Foods (Denmark)

13.2 Agropur MSI, LLC (U.S.)

13.3 American Dairy Products Institute (U.S.)

13.4 Westland Co-operative Dairy Company (New Zealand)

13.5 Glanbia, Plc (Ireland)

13.6 DMK Group (Germany)

13.7 Davisco Foods Internation, Inc (U.S.)

13.8 Milk Specialties Global (U.S.)


LIST OF TABLES

TABLE 1 PESTLE ANALYSIS - U.S.

TABLE 2 PESTLE ANALYSIS- U.K.

TABLE 3 PESTLE ANALYSIS- CHINA

TABLE 4 PESTLE ANALYSIS- FRANCE

TABLE 5 PESTLE ANALYSIS- NETHERLANDS

TABLE 6 KEY SUPPLIERS OF RAW MATERIAL FOR WHEY

TABLE 7 GLOBAL WHEY MARKET, BY SOURCE, (2016–2022), USD MILLION

TABLE 8 GLOBAL WHEY MARKET, BY FORM, (2016–2022), USD MILLION

TABLE 9 GLOBAL WHEY MARKET, BY TYPE, (2016–2022), USD MILLION

TABLE 10 GLOBAL WHEY MARKET, BY APPLICATION, (2016–2022), USD MILLION

TABLE 11 GLOBAL WHEY SALES AND GROWTH RATE (2016–2022) USD MILLION

TABLE 12 GLOBAL WHEY MARKET TOP 5 COUNTRIES

TABLE 13 GLOBAL WHEYMARKET TOP COMPANIES-USD MILLION

TABLE 14 NORTH AMERICAN WHEY MARKET, BY SOURCE, 2016–2022 (USD MILLION)

TABLE 15 NORTH AMERICAN WHEY MARKET, BY FORM, 2016–2022 (USD MILLION)

TABLE 16 NORTH AMERICAN WHEY MARKET, BY TYPE, 2016–2022 (USD MILLION)

TABLE 17 NORTH AMERICAN WHEY MARKET, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 18 EUROPEAN WHEY MARKET, BY SOURCE, 2016–2022 (USD MILLION)

TABLE 19 EUROPEAN WHEY MARKET, BY FORM, 2016–2022 (USD MILLION)

TABLE 20 EUROPEAN WHEY MARKET, BY TYPE, 2016–2022 (USD MILLION)

TABLE 21 EUROPEAN WHEY MARKET, BY APPLICATION, 2016–2022 (USD MILLION)

TABLE 22 APAC WHEYMARKET, BY SOURCE, 2016–2022 (USD MILLION)

TABLE 23 APAC WHEYMARKET, BY FORM, 2016–2022 (USD MILLION)

TABLE 24 APAC WHEY MARKET, BY TYPE, 2016–2022 (USD MILLION)

TABLE 25 APAC WHEY MARKET, BY APPLICATION2016–2022 (USD MILLION)

TABLE 26 REST OF THE WORLD WHEY MARKET, BY SOURCE, 2016–2022 (USD MILLION)

TABLE 27 REST OF THE WORLD WHEY MARKET, BY PRODUCT- TYPE 2016–2022 (USD MILLION)

TABLE 28 REST OF THE WORLD WHEY MARKET, BY TYPE 2016–2022 (USD MILLION)

TABLE 29 REST OF THE WORLD WHEY MARKET, BY APPLICATION2016–2022 (USD MILLION)

TABLE 30 COMPETITIVE LANDSCAPING BASED ON FINACIALS DURING THE YEAR 2016

TABLE 31 PRODUCTS



LIST OF FIGURES

FIGURE 1 RESEARCH METHODOLOGY

FIGURE 2 PRIMARY DATA ANALYSIS APPROACH

FIGURE 3 SECONDARY DATA ANALYSIS APPROACH

FIGURE 4 TREND IN WHEYIMPORTS 2012-15

FIGURE 5 GROWTH RATE IN WHEY IMPORTS 2012-15

FIGURE 6 WHEY IMPORTS MARKET SHARE BY TOP 5 IMPORTERS (2012 VS 2015)

FIGURE 7 TRENDS IN WHEY EXPORTS 2012-15

FIGURE 8 GROWTH RATE WHEY EXPORTS 2012-15

FIGURE 9 WHEY EXPORTS MARKET SHARE BY TOP 5 EXPORTERS (2012 VS 2015)

FIGURE 10 VALUE CHAIN ANALYSIS

FIGURE 11 COST ANALYSIS: WHEY

FIGURE 12 PORTER’S FIVE FORCES ANALYSIS

FIGURE 13 WHEY MARKET TRENDS BY SOURCE

FIGURE 14 WHEY MARKET TRENDS BY FORM

FIGURE 15 WHEY MARKET TRENDS BY TYPE

FIGURE 16 WHEY MARKET TRENDS BY APPLICATION

FIGURE 17 FINANCIALS