The Asia Pacific whey protein market size is expected to reach USD 1.57 billion by 2026, seeing a CAGR of 9.2% during the conjecture time frame (2021 - 2026).
The whey protein market has some extraordinary chances, with the expanding medicine of enhancements by specialists and higher degree for application in close to home consideration and sports nutrition driving the interest in Asia-Pacific.
Functional food and beverages have increased enormous prominence among the wellbeing cognizant Asian populace that has affected the interest of whey protein in the region. Expanding utilization of protein among newborn children is another factor foreseen to drive the Whey protein market over the estimated time frame. The rapid progress in the food business is credited to the ascending population, expanding buying capability, and wellbeing awareness in the consumers of all the nations.
It is normal that the acknowledgement of the advantages of a superior physical structure, the nearness of supplements and proteins, the anticipation of unfavourably susceptible conditions in babies, the opposite weight reduction in patients with HIV and the cancer prevention agent safeguard lead the Asia Pacific whey protein market during the assessed period. The expanded utilization of protein definitions among babies is another factor that is probably going to lead the Asia Pacific market during the conjecture time frame. Because of population development, expanded buying force and wellbeing mindfulness in nations, for example, India, China and Indonesia, the fast extension of the food business has dared to quicken this market development during the projection time.
The expansion in discretionary cash flow of ranchers, one of the fundamental clients of animal feed, is driving the interest for animal proteins. The increase in applications in the individual consideration industry is relied upon to be a primary factor in driving the local market development. Different consideration applications incorporate items, for example, Katelyn facial consideration dozing patches, eye cover gels, hostile to wrinkle serum protein patches, against maturing facial masks, serum protein brow cover and shampoos for the face, hair development and fall. The advantages of whey protein, for example, the capacity to battle malignant growth, dietary help and stress decrease are quickening market development.
Be that as it may, the significant expense of assembling whey protein goes about as a primary obstacle to the development of the Asia Pacific whey protein market. Furthermore, wellbeing and security issues, administrative issues, and promoting confirmations are critical obstructions to this business development.
In 2018, concentrates ruled the Asia Pacific whey protein market with a notable revenue share. They include low-fat, cholesterol, and lactose-free components. Also, they include crucial segments that are rich in proteins and beneficial features, which can be pivotal in terms of usage in processed foods. For instance, Ora Organic provides assortment in whey protein in the form of powder. This veggie lover protein powder is accessible in different flavours, for example, chocolate, vanilla, and vanilla chai.
The food business drove the market and created an income of USD 3.4 billion every 2018. This fragment is gaining pace in the local business because of the mounting attention to the nutrition advantages among the communities. Urge for substantial foods is booming with an ascend in wellbeing cognizant buyers, for instance, adults, elders, newborns and middle-class populace. For instance, Boomers Nutrition produces protein vitality for 40+ individuals. Likewise, Carbery produces Optipep specific pre-processed protein for newborn children. Organizations like Optimum Nutrition, an auxiliary of Glanbia, are among the most conspicuous players in the market.
Asia-Pacific is rising as the quickest developing industry for whey protein. Protein supplements, changes in the way of life, a high scope of sports nutrition and individual consideration, expanded admission of dietary enhancements and extended attention to populace development are fundamental factors that drive the market right now. Buyers are good with developing populace that trains for sports and games, so they are prepared to burn through cash on protein supplements. Regionally, the extension of the food sector is an essential driver of Indian whey protein market development. In nations like China, Japan and India, magnificent open doors for sports nutrition are driving the business forward.
India is one of the quickest developing countries all-inclusive. The food sector in the nation had grown three overlays during the previous decade and is relied upon to follow a similar pattern over the coming years. Utilitarian food and beverages have increased enormous ubiquity among the western-affected and wellbeing cognizance in Indian populace. Correctly, those containing Whey protein have picked up significance attributable to its medical advantages. Human services items containing whey proteins likewise saw a spike in the region with more popularity for these items in the nation.
Key Players in the Market:
Major Key Players in the APAC Whey Protein Market are
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Whey Protein Market, By Type
6.1.4 Market Size Estimations & Forecasts (2020 - 2025)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Whey Protein Market, By Application
6.2.2 Personal Care
6.2.5 Market Size Estimations & Forecasts (2020 - 2025)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Regional Identity Governance and Administration Market, by Region
7.2 Asia Pacific - Market Analysis (2018 - 2024)
7.2.1 By Country
220.127.116.11 South Korea
18.104.22.168 South East Asia
22.214.171.124 Australia & NZ
126.96.36.199 Rest of Asia-Pacific
7.2.2 By Type
7.2.3 By Application
8. Key Player Analysis
8.1 Hilmar Cheese Company
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Maple Island Inc
8.4 Saputo Inc
8.5 Davisco Foods International Inc
8.7 Fonterra Cooperative Group Ltd
8.8 Milk Speciality Globals
8.9 Wheyco Gmbh
8.10 Milkaut SA
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures