The whey protein ingredients market is expected to grow at a compound annual growth rate of 4.62% over the forecast period to reach a market size of US$8.708 billion in 2027 from US$6.348 billion in 2020.
Whey protein is extracted from whey which is the liquid part of the milk that separates during cheese production. The most widely used whey protein ingredients are alpha-lactalbumin, osteopenia, phospholipids & MFGM, and hydrolysates, among others. These ingredients help deliver protein and bioactive compounds to support the loss of muscles in the elder population and the natural wellbeing of an individual. They are also helpful in controlling blood glucose levels, the health of bones and the brain, etc. The rising geriatric population across the globe is expected to drive the global whey protein ingredients market during the forecast period. Moreover, rising awareness about health products among consumers is expected to be the major growth driver for the overall market. The availability of flavored whey proteins in the market is expected to attract many consumers, which will have a positive impact on the overall market growth. The high demand for nutraceutical ingredients from the food processing sector provides an immense opportunity for the market players to launch new products in the market. The high disposable income of the growing population and increased demand for dairy products is anticipated to drive the demand for whey protein ingredients products.
The growing popularity of dairy-based products coupled with concern for health and wellness to maintain protein intake is creating more demand for whey protein ingredients. Hydrolyzed whey protein is in high demand in the market due to the increased demand for lactose-free dairy products. Some people have lactose intolerance; they opt for hydrolyzed whey as it is the best to fit for lactose intolerance patients.
A rise in the geriatric population and a high prevalence of orthopedic disorders in the old-age population is also expected to propel the market growth. According to the report published by the world health organization, by the year 2030, 1 in 6 people will be aged 60 years or over. The number of people aged 80 years or above is expected to increase thrice between 2020 and 2050 and is estimated to reach 426 million. Common health problems associated with aging are back and neck pain, osteoarthritis, and loss of muscle and bone mass which are expected to increase the demand for Whey protein ingredients products in the coming years.
According to WHO, the number of people suffering from musculoskeletal disorders is estimated to be around 1.71 billion, out of which low back pain is the most common problem, with a prevalence of 568 million people. The problems associated with musculoskeletal bones have been increasing. They are projected to continue to increase in the future, due to which there will be a high demand for whey protein ingredients products. For instance, Eurail ingredients and nutrition announced the launch of its new whey protein concentrate ingredient, “EuriNutri WPC 80,” which has 80% of protein content. Arla foods ingredients have launched a new whey protein hydrolysate ingredient in the market, which helps overcome the taste challenges patients face with maldigestion and malabsorption difficulties. Synergy flavors have launched 4PROTEIN, which is a flavor solution useful in optimizing the taste performance of whey protein products.
Impact of COVID–19 on the Whey Protein Ingredients Market
The global whey protein ingredients market is expected to grow positively because of the COVID-19 outbreak. As the number of people infected with the COVID-19 virus grows, the demand for healthy food products has increased worldwide. The consumption of a protein-rich diet has increased during the pandemic to keep the overall health on track which has raised the demand for whey protein ingredients in the market.
The increasing geriatric population across the globe has led to the entry of several new players in the whey protein ingredients market. Major market players like Arla Foods Ingredients Group and Makers Nutrition, LLC, among others, have been covered along with their relative competitive strategies. The report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these crucial players in the whey protein ingredients market.
|Market size value in 2020||US$6.348 billion|
|Market size value in 2027||US$8.708 billion|
|Growth Rate||CAGR of 4.62% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Product Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Arla Foods Ingredients Group P/S, AMCO Proteins, Carbery Group, Darigold, Makers Nutrition, LLC, Hilmar Ingredients, Agropur Cooperative, Glanbia Nutritionals Inc, LACTALIS Ingredients, Milk Specialties|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the whey protein ingredients market size by 2027?
A1. The whey protein ingredients market is expected to reach a total market size of US$8.708 billion in 2027.
Q2. What is the size of the global whey protein ingredients market?
A2. Whey Protein Ingredients Market was valued at US$6.348 billion in 2020.
Q3. What are the growth prospects for the whey protein ingredients market?
A3. The global whey protein ingredients market is expected to grow at a CAGR of 4.62% during the forecast period.
Q4. How is the global whey protein ingredients market segmented?
A4. The whey protein ingredients market has been segmented based on product type, application, and geography.
Q5. What factors are anticipated to drive the whey protein ingredients market growth?
A5. The rising geriatric population across the globe is expected to drive the global whey protein ingredients market during the forecast period.
Arla Foods Ingredients Group P/S
Makers Nutrition, LLC
Glanbia Nutritionals Inc
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