Dublin, Jan. 09, 2023 (GLOBE NEWSWIRE) — The report ‘Global Whey Protein Concentrate Market Report and Forecast 2023-2028’ has been added to from ResearchAndMarkets.com offer.
According to this report, the global whey protein concentrates market is underpinned by the global dairy products market, which is expected to grow at a CAGR of 3.7% between 2023 and 2028. The global whey protein concentrates market is driven by the growing health consciousness of consumers.
Whey Protein Concentrate is a dairy-based whey food ingredient that contains over 25% protein. To obtain a whey protein concentrate, the non-protein constituents are eradicated, usually during the cheese-making process. Whey protein concentrate is a good source of protein that is considered a complete protein because it contains all nine essential amino acids.
Consumption of whey protein concentrate brings many benefits to the body as it can be easily digested and absorbed by the body, increases the muscle content which fuels the strength of the body, reduces the risk of cardiovascular diseases and comes with low effects secondary.
The increasing inclination of young people towards fitness and bodybuilding propels the growth of the whey protein concentrates market. Growing health awareness among working professionals, due to the growing prevalence of lifestyle issues, is further driving the sale of downstream products containing whey protein concentrate.
The increasing application of whey protein concentrate in cookies, cereals, flavored shakes and drinks, and cheese, among others, is a major driving factor of the market. During the forecast period, an increase in demand for these whey protein concentrate downstream products is expected to be observed.
Additionally, increasing disposable income, rapid urbanization and increasing recommendation of whey protein concentrate products for fitness enthusiasts are likely to boost the whey protein concentrate market in the years. coming.
The intensification of sports activities leads to an escalation in the popularity of whey protein concentrates among athletes. In this regard, whey protein concentrate is seeing applications in whey protein supplements, protein shakes, and protein bars. Another driving factor driving the whey protein concentrate market is the growing expansion of the sports nutrition industry, which is expected to drive the demand for the product.
In terms of geography, North America is expected to experience healthy growth over the forecast period owing to the rising cases of obesity in the United States, which will lead to increased interest in healthy food products.
|Number of pages||184|
|Forecast period||2023 – 2028|
|Estimated market value in 2023||2835.3KMT|
|Expected market value by 2028||3399.8 KMT|
|Compound annual growth rate||3.7%|
Breakdown of the market by type
Market segmentation by composition
- CMP 35
- CMP 50-79
- WPC 80
Classification of the market by form
Market categorization by end use
- Infant formula and baby food
- Food supplements
- food preparation
- sports nutrition
Market segmentation by distribution channel
- Hypermarket and Supermarket
- Special store
Market Breakdown by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
This report examines market shares, plant turnovers, capacities, investments, acquisitions, and mergers, among other major developments, of companies in the Whey Protein Concentrates market. Some of the major key players explored in the report are:
- Fonterra Co-Operative Group Limited
- LACTALIS Group
- Saputo inc.
- Hilmar Cheese Factory, Inc.
- Arla Foods Ingredient Group
- Glanbia plc
- Agropur cooperative
Main topics covered:
2 Report Coverage- Key Segmentation and Scope
3 Description of the report
4 key assumptions
5 Executive Summary
6 Market Overview
7 Industry Opportunities and Challenges
8 Global Whey Protein Market Overview
9 Global Whey Protein Concentrate Market Analysis
10 Regional Analysis
11 Market dynamics
12 Value chain analysis
13 Price Analysis
14 Competitive landscape
15 industry events and developments
- Fonterra Co-operative Group Limited
- LACTALIS ingredients
- Saputo inc.
- Hilmar Cheese Company, Inc.
- Arla Foods P/S Ingredient Group
- photo of gland
- Agropur cooperative
For more information on this report visit https://www.researchandmarkets.com/r/r2bc64
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Global whey protein concentrate market