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The global whey protein market was valued at USD 9,552.5 million in 2020 and is expected to reach USD 19,75 billion by 2028, with a CAGR of 9.4%.
NEW YORK CITY, NEW YORK, USA, Aug. 4, 2022 /EINPresswire.com/ — According to Reports and Data’s current analysis, the global whey protein market was valued at $9,552.5 million in 2020 and is expected to reach USD 19.75 Billion by 2028, at a CAGR of 5.4%. Whey protein is a soluble component of milk that is rich in amino acids, minerals, vitamins, lactose, and glycomacropeptides. The most important functional characteristic of this product is that it can dissolve in a wide pH range. Due to its unique characteristics, it is widely used in the food industry for the production of various types of cheese and industrial bread. Studies have shown that whey protein plays an important role in improving the public health and strength of the body. In addition, studies have been conducted on the beneficial effects of whey protein on human health and the prevention of metabolic diseases, showing positive results. For example, research published in 2019 on the efficacy of whey protein supplementation in athletes supported the fact that WPS acted as an ergogenic aid in athletic performance and recovery in athletes.
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The main driving factors of this market are the growing demand for sports nutrition and the increasing consumption of protein formulas among babies. According to a report from the American Society for Nutrition, most healthy babies go from a protein intake of about 1 g/kg of body weight to an intake that is, on average, 3 to 4 times higher, and babies fed formula-fed infants grow at a faster rate than breastfed infants. Therefore, with the increase in population and disposable income, people are forced to purchase such formulations to maintain protein intake in childhood. In addition, the rapid expansion of the food industry plays an important role in driving the growth of the market. For example, the US fast food restaurant market is currently worth more than $200 billion and is projected to have a growth rate of around 2.5%.
Some of the major players in the market are listed below:
• Hilmar cheese factory,
• Davisco Food International Inc.,
• Saputo Inc.,
• Maple Island Inc.,
• Milkaut SA,
• Wheyco GmbH
Type (Revenue, billions of USD; 2018–2028)
• Concentrated whey protein
• Whey protein isolate
• Hydrolyzed whey protein
• Demineralized whey protein
Form (Revenue, billions of USD; 2018–2028)
Distribution Channel (Revenue, Billions of USD; 2018–2028)
• Out of line
Request (Revenue, billions of USD; 2018–2028)
• Food and drinks
• Nutrition Products
• Personal care
• Pharmaceutical products
• Food applications
All companies involved in the processing, packaging and distribution of food raw materials belong to the food and beverage sector. Fresh and packaged meals, as well as alcoholic and non-alcoholic beverages, are included. Aside from drugs, this industry touches all products designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are looking to save as much money as possible. Consumers are doing this in a variety of ways, including buying more generic items and preparing their own meals instead of going out. As a result, food processing companies are getting more creative in lowering the cost of goods sold, attracting more customers and increasing profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthy foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching low-calorie foods and tightening control over what their brand looks like in response to these two changes. Companies want to be seen as a healthy brand, so they support activities that indicate this, such as youth sports. There has even been talk of imposing a tax on obesity-related foods to discourage people from eating them.
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The report is written with the help of industry analysts, market segmentation, and data collection to help readers make profitable business decisions. The report includes a comprehensive database of technical and product developments. It also provides information on growth rates and market value, as well as a comprehensive examination of niche market segments. The report provides strategic advice to newcomers and existing businesses on how to make well-informed, profitable business decisions.
The Whey Protein market has been segmented into key regions of the world and provides analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, income contribution and presence of key players in each region. Country-by-country analysis of the market is offered in the report to gain better understanding of the regional spread and progress of the Whey Protein market.
The global market for Whey Protein is segmented into:
• North America (USA, Canada, Mexico)
• Europe (Italy, United Kingdom, Germany, France, Rest of Europe)
• Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
• Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)
Key questions addressed in the report:
• What are the dominant factors influencing the growth of the industry?
• In the forecast period, which market segment is expected to increase the most?
• What are the risks and challenges facing the industry?
• In the coming years, which area is expected to dominate the market?
• Who are the main players in the market? What kind of strategic business plans have they made?
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