Asia Pacific Condensed Whey Market Size, Trends and Growth Rate:
Asia Pacific Condensed Whey Market is expected to experience moderate growth to record a CAGR of 9.1% throughout the forecast period 2021-2026. Whey is one of the largest reservoirs of dietary protein available today, whey is nothing but a liquid that remains after milk has been curdled and filtered. Whey protein is composed of serum albumin, alpha-lactalbumin, β-lactoglobulin, protease-peptones, and immunoglobulins, making it one of the largest sources of protein. Whey is classified according to its source of sweet whey and sour whey. Soft whey is obtained from the processing of hard cheese, such as Swiss cheese or cheddar cheese. In contrast, acid whey is made from acidic dairy products, such as yogurt and cottage cheese.
However, this whey protein is highly perishable, and its use in liquid form is very limited, and therefore whey needs to be reduced in condensed or powdered form. The condensation of the serum reduces the volume of the liquid and increases the consistency of the liquid; the product obtained is called condensed serum. The condensed whey is dried into a powder and is marketed as an essential ingredient in various food products for human and animal consumption. Condensed whey is widely used in the food and beverage industry in multiple applications such as dairy products, baked goods, baby food, meat production, drinks, sauces, soups, salad dressings, and creams. It is mainly used in the processing of bread and other baked goods. Condensed whey is also used with fruits and jams in various fillings and spreads in confectionery. Furthermore, condensed whey is also used in the preparation of whey sweets, such as ‘wheyfers,’ ‘whey caramel,’ ‘whey toffy,’ and ‘whipped whey fudge.’
Asia Pacific Condensed Whey Market Drivers and Restraints:
The increasing awareness of the physical appearance and nutritional importance of serum to improve muscle strength in sports enthusiasts should stimulate growth. In addition, increasing disposable incomes among middle-income groups in developing countries, including China, India, and Japan, is expected to encourage the adoption of products such as functional foods in the near future. The growing demand for healthy eating, along with an increasing awareness of healthy lifestyles, is some of the main factors that can drive growth in the global market. Also, increased consumption of dietary supplements and whey protein for muscle development is another factor that should stimulate income growth in the local market.
Furthermore, the increasing number of dairy processing units in developed and developing countries is a factor that is supposed to drive growth in the target market during the outlook period. However, some people may face an allergic reaction due to excessive consumption of whey or whey protein-based foods, and it is a crucial factor that is anticipated to hinder the growth of the APAC market during the projection period.
Regional Insights of the Asia Pacific Condensed Whey Market:
The demand for the Asia Pacific Condensed Whey market has been categorized on the basis of geography to have a proper understanding of the market. The Market for Asia Pacific Condensed Whey has been divided into China, Taiwan, South Korea, India, Japan, Australia, and New Zealand, and the rest of the Asia-Pacific. The condensed whey market is expected to experience increasing demand from the emerging economies of Asia Pacific due to the increasing inclination towards whey ingredients in these regions. The economic growth of the major emerging economies in these regions has led to an increase in disposable income and an increase in consumer spending on healthy lifestyles and food. Also, pro-investment policies in the national food processing sectors of governments in emerging economies such as China and India are presumed to further fuel growth. Furthermore, increased consumption of dietary supplements combined with increased health and fitness awareness are other factors that are assumed to drive growth in the target market in developing countries such as India and China.
Asia Pacific Condensed Whey Market Detailed Segmentation Analysis:
Top Leading Manufacturers listed below are:
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2.2 Food and Beverage
126.96.36.199 Dairy Products
188.8.131.52 Bakery Products & Confectionery
184.108.40.206 Sauces, Soups and Dressings
220.127.116.11 Jams and Jellies
18.104.22.168 Meat Products
5.2.3 Animal Feed
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Product
18.104.22.168 By Application
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Product
188.8.131.52 By Application
6.2.6 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Leprino Foods Company Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Foremost Farms USA Cooperative, Inc.
8.3 Dairy Farmers of America, Inc.
8.4 Associated Milk Producers Inc.
8.5 Agri-Mark, Inc.
8.6 Berkshire Dairy and Food Products
8.7 Agropur Inc.
8.8 Chicago Dairy Corporation
8.9 Saputo Inc.
8.10 Fonterra Co-operative Group Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures