Middle East and Africa Condensed Whey Market Analysis 2020-2025:
The Middle East and Africa Condensed Whey Market was estimated at USD x.xx million in 2019 and is anticipated to reach an extent of USD x.xx million by the end of the assessment period. The market is estimated to experience a reasonable CAGR throughout the outlook period (2020-2025).
Whey is one of the largest dietary protein reservoirs available today. It is nothing more than a liquid that remains after curdling and filtering the milk. Whey protein is made up of serum albumin, alpha-lactalbumin, beta-lactoglobulin, proteases-peptones, and immunoglobulins, making it one of the largest sources of protein. It is classified according to its origin as sweet whey and acid whey. Soft whey is obtained from the processing of hard cheeses, such as Swiss cheese or cheddar cheese. However, this whey protein is highly perishable and its use in liquid form is minimal, so they should 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 whey. It is also used with fruits and jams in various fillings and pastry spreads. Furthermore, condensed whey is also employed in the making of whey candies, whey caramel, and whipped caramel.
Agri-Mark made an alliance with the Chateaugay Cooperative in New York to purchase the assets of McCadam Cheese, which comprises a factory in Chateaugay, New York. McCadam makes award-winning Cheddar, Muenster, and European New York cheeses. Most condensed whey solids are processed and dried into powder within 8 hours of cheese making.
DMK Group based in Germany and Volac terminated their mutual participation in DV Nutrition (DVN). With this purchase, DMK hopes to operate in higher value-added markets such as baby food, clinical nutrition, and food applications in the Asia Pacific. DVN will be integrated into the "whey ingredients" division within the industry business unit and will be managed by the wheyco subsidiary.
Whey-based dairy ingredients reported to be used nationally in human consumption last year totaled 1.155 million pounds, down 13.3% from 2015, according to the 2016 Dairy Utilization Report.
Market Drivers and Restraints:
Condensed whey is the most valuable and nutritious protein available on the market, which will facilitate the development of the MEA market and will be supported by the growing applications of condensed whey in the production of various foods and beverages. Increasing awareness of physical appearance and the nutritional importance of serum for improving muscle strength in athletes is expected to stimulate growth. The product also finds application in the formulation of infant food formulas to satisfy their nutritional needs. The regulation is expected to open up new avenues in the near future. In recent years, companies such as Optimum Premium have launched condensed whey products, especially for women who can lose weight and help build lean, toned muscles. This factor is expected to stimulate demand for products in the coming years. The growing bakery and confectionery industry is also promoting the call for condensed whey, as it one of the key ingredients in those products. Also, condensed milk is used in various ready-to-drink beverages as a source of protein to meet the bodily needs of an individual. The increasing applications of condensed whey as a supplement and in infant-based formulas will improve overall sales. Manufacturers of animal nutrition products use condensed whey in their feeds and formulas to enhance their product offerings and provide animals with sufficient protein and feed. The growing animal feed industry is also a major driver of the growing demand for whey condensed.
The Middle East and Africa Condensed Whey Market is segmented based on product, application, and geography. Based on the product, the market is divided into Acid, Sweetened, and Plain. Depending on the Application, the market is segmented into Animal Feed, Meat Products, Jams and Jellies, Sauces, Soups, and Dressings, Bakery Products & Confectionery, Dairy Products, Food and Beverage, and Others.
Impact of covid-19 on Middle East and Africa Condensed Whey Market
COVID-19 will continue to impact the food industry and its supply chains. After this pandemic, restaurants will be more careful with their operation. The practice of wearing masks while cooking and using disinfectants would be implemented, and the definition of hygiene for restaurants could be changed. Restaurants are reportedly even taking customers' body temperatures before they are allowed in. This is something that is already being implemented with the staff and those responsible for delivery. We anticipate higher rates for the coming months and will have to recalibrate our approach accordingly. The on-the-go model, which is already gaining ground, will become more popular in the coming months
The Middle East and Africa Condensed Whey market have been classified on the basis of geography into South Africa, Egypt, Saudi Arabia, the United Arab Emirates, Israel, and the Rest of the Middle East and Africa. The advanced economies in the Middle East and Africa, such as Israel, contribute majorly to the global market. Economic growth in key emerging economies in these regions has led to increased disposable income and consumer spending on healthy foods and lifestyles.
Leprino Foods Company Inc had the largest share of the Middle East and Africa Condensed Whey Market in terms of sales and revenue in 2019.
Key players in the Middle East and Africa Condensed Whey Market include Fonterra Co-operative Group Limited, Leprino Foods Company Inc, Saputo Inc, Chicago Dairy Corporation, Agropur Inc, Berkshire Dairy and Food Products, Agri-Mark Inc, Associated Milk Producers Inc, Dairy Farmers of America, and Foremost Farms USA Cooperative.
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
188.8.131.52 Dairy Products
184.108.40.206 Bakery Products & Confectionery
220.127.116.11 Sauces, Soups and Dressings
18.104.22.168 Jams and Jellies
22.214.171.124 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
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Application
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Application
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Application
6.2 Middle East and Africa
6.2.2 Middle East
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