The Whey Protein Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Whey Protein Market is estimated to be $7.8 billion and predicted to rise to $ 10.99 billion with a CAGR of 7.1%. The market is segmented by Type (Whey protein concentrate (WPC), Whey protein isolate and Whey protein hydrolysate) by Application (Dairy, Bakery, Dietary supplements, Confectionery, Pharmaceuticals and Instant formula). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Increasing awareness about health, growing demand for dairy-based products and rising demand for pediatric foods are some of the key drivers for whey protein market. Rising emphasis on ready to drink products and technological advancement which provide high quality products are also fuelling the market growth. Cost associated with manufacturing and side effects of overconsumption of whey protein are few restraints for the market.
Hydrolyzed whey protein segment accounted for largest share of global market. Growing awareness and interest are the factors driving this segmentâ€™s growth. Dietary supplements segment leads the application market due to rising interest for fitness in the younger population. Pharmaceutical and clinical nutrition sector are anticipated to experience substantial growth within the forecast period due to deficiency of protein in developing countries.
North America and Europe are the largest regions for whey protein market as production of whey protein is highest in these regions and so is the export. Asia-Pacific and Latin America are the fastest growing market as there is increase in awareness towards protein supplements. Stable economic growth in key developing economies in these regions has raised increased disposable income and escalating middle-class population that appears ready to spend more on lifestyle and health food.
Some of the key players influencing the whey protein market dynamics are Agropur MSI, DMK Group, Arla Foods, Hilmar Cheese Company, Glanbia, American Dairy Products Institute, Davisco Foods International, Inc., Milk Specialties Global, and Maple Island, Inc.
Browse through the full report at â€œhttp://www.marketdataforecast.com/market-reports/global-whey-protein-market-554/â€ and checkout our recent reports in the Supplements category at â€œhttp://www.marketdataforecast.com/research-reports/food-and-beverages/food-supplements-16/â€. For more insights and up-to-date industry news donâ€™t forget subscribing to our newsletters.