Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The "Whey Protein (Powder and Concentrate) Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The global whey protein market reached a volume of 4.2 Million Metric Tons in 2018, registering a CAGR of 3.7% during 2011-2018. The market is further projected to reach a volume of 5.6 Million Metric Tons by 2024, growing at a CAGR of 4.8% during 2019-2024.
Some of the factors which are augmenting the demand for whey protein are inflating disposable incomes, rising demand from developing markets and the emerging trend of consuming protein-based drinks.
Market Drivers
Due to the rising prevalence of lifestyle diseases and growing health awareness among consumers, people are now joining gyms and fitness centers. As protein supplements are often recommended in these centers, the demand for whey protein is proliferating at a rapid pace.
As whey protein possesses anti-bacterial and anti-hypertensive properties, it finds applications in the food industry for preparing snacks, cereals, chocolates, beverages, infant formula, dairy products and bakery items. With rising global population and changing dietary habits of people, the food industry is experiencing a robust growth, which in turn, is catalyzing the growth of the whey protein market.
Unlike other dairy products, the shelf life of whey protein is comparatively higher owing to which it can last for months while retaining its original properties. In addition to this, as whey protein is generally available in powdered state, it can be easily transported from one place to another.
Breakup by Product Type
On the basis of type, the market has been segmented into whey protein concentrates, isolate and hydrolysates. At present, whey protein isolate represents the most popular product type as it is one of the fast-absorbing sources of protein which assists in building lean muscles.
Breakup by Application
Based on applications, the market has been classified as food and beverages, nutrition products and pharmaceuticals, feed applications and others. Amongst these, the nutrition and pharmaceutical segment accounts for the majority of the market share.
Regional Insights
On a geographical front, the European Union enjoys the leading position in the global whey protein market. This can be attributed to the rising awareness about the health benefits of whey protein amongst the populace of the region. It is followed by North America, Oceania, Eastern Europe and Latin America.
Competitive Landscape:
The global whey protein market is fragmented in nature due to the presence of numerous small and large manufacturers who compete against one another in terms of prices and quality. Some of these key players include:
- 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
Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
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
5.3 Price Analysis
5.4 Market Breakup by Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porter's Five Forces Analysis
5.11 Key Success Factors and Risk Factors
6 Market Breakup by Type
6.1 Whey Protein Concentrate
6.2 Whey Protein Isolate
6.3 Whey Protein Hydrolysates
7 Market Breakup by Application
7.1 Food and Beverages
7.2 Nutrition Products and Pharmaceuticals
7.3 Feed Applications
7.4 Others
8 Market Breakup by Region
8.1 European Union
8.2 North America
8.3 Oceania
8.4 Eastern Europe
8.5 Latin America
8.6 Others
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
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