Whey Protein Market Size, Share & Trends Analysis Report By Type (Isolates, Concentrates), By Application (Nutritional, Food), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global whey protein market size is expected to reach USD 12.8 billion by 2025, expanding at a CAGR of 8.1% from 2019 to 2025, according to a new report by Grand View Research, Inc. The market growth is attributed to growing awareness regarding benefits such as improvement in body composition, weight loss, metabolism, muscle growth and recovery, lever health, immunity, and digestive system. It also provides antioxidant support and treats inflammation.

Growing penetration of the product as a protein supplement owing to increase in consumption among infants, adults, baby boomers, athletes, and strength and high intensity trainers has been contributing to the growth of the global market. For instance, Davisco Foods International produces products such as BiPRO and BioZate in dairy products, whereas, it is planning to expand its product line for other applications in industries such as food service, sports nutrition, cosmetics, and infant formula.

Concentrates held the largest share of 46.2% in 2018. They find their major application in the food processing industry as protein beverages, food supplements, baked goods, and infant formulas. Isolates is estimated to be the fastest growing type, expanding at a CAGR of 8.6% over the forecast period.

Growing concerns over high protein intake and less fat resulted in an increase in demand for protein isolate. Many of the companies are coming up with new product launches. For instance, North Bay's XP labs launched ISO XP strawberry flavored isolate. Similarly, Glanbia nutritional launched BevEdged protein powder isolate, which enables citrus and berry flavored protein drink mixes.

The nutritional application segment is expected to expand at a CAGR of 8.7% over the forecast period. Nutritional products are primarily required for muscle strengthening and recovery after athletic activities. Many of the companies are coming up with nutritional products. For instance, Abott's Ensure max protein cafe mocha nutritional shake provides high quality protein to keep muscles strong and satisfy hunger. The product is gluten-free and suitable for lactose intolerance.

North America was the largest regional market with a revenue of USD 2.7 billion in 2018. The region is expected to maintain its lead over the forecast period. It recorded the highest consumption of dairy products. Due to increase in awareness about the health requirements and dairy products' benefits, North America emerged as the adapter of whey protein owing to change in lifestyle and work culture. For instance, Fonterra Cooperative Group invested in Columbia River Technologies, a whey protein concentrate manufacturer, to expand its network for infants and sports nutrition customers.

Asia Pacific is anticipated to emerge as the fastest growing region, expanding at a CAGR of 9.0% over the forecast period. Growing population, prescriptions of supplements by doctors, emergence of whey protein pediatric milk, sports nutrition, and growing application of whey protein in the personal care industry are driving the market. Companies such as Amul and Paras manufactures Amul Pro Whey protein milk for all age groups but especially for kids, which provides quick nourishment to muscles.

Key players in the market include Hilmar Cheese Company; Maple Island Inc.; Glanbia; Saputo Inc.; Davisco Foods International Inc.; Alpavit, Fonterra Cooperative Group Ltd.; Milk Speciality Globals; Wheyco Gmbh; and Milkaut SA.

Further key findings from the report suggest:

• By type, concentrates led the market and held 46.2% share of the global revenue in 2018

• North America dominated the market in 2018 with a revenue of USD 2.7 billion in 2018. This trend is projected to continue over the next few years

• Asia Pacific is expected to witness significant growth in the coming years on account of increase in awareness and change in lifestyle

• The whey protein market is highly competitive in nature with the main players including Davisco Foods International Inc., Alpavit, and Fonterra Cooperative Group Ltd.

• Various manufacturers are concentrating on new product launches and capacity expansion to estimate existing and future demand patterns from the upcoming product segments.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                         1.3.1. Purchased Database
                         1.3.2. GVR's Internal Database
                         1.3.3. Secondary Sources & Third-Party Perspectives
                         1.3.4. Primary Research
                    1.4. Information Analysis 
                         1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Whey Protein Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                         3.3.1. Sales/Retail Channel Analysis
                         3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                         3.4.1. Market Driver Analysis
                         3.4.2. Market Restraint Analysis
                         3.4.3. Industry Challenges
                         3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                         3.5.1. Industry Analysis - Porter's
                              3.5.1.1. Supplier Power
                              3.5.1.2. Buyer Power
                              3.5.1.3. Substitution Threat
                              3.5.1.4. Threat from New Entrant 
                              3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Whey Protein Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Type Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Whey Protein Market: Type Estimates & Trend Analysis
                    5.1. Type Movement Analysis & Market Share, 2018 & 2025
                    5.2. WPI
                         5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.3. WPC
                         5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    5.4. WPH
                         5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 6. Whey Protein Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Nutritional 
                         6.2.1. Market estimates and forecast, 2018- 2025 (USD Billion)
                    6.3. Personal care 
                         6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.4. Food 
                         6.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                    6.5. Feed 
                         6.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 7. Whey Protein Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                         7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.2.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         7.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.2.4. U.S.
                              7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.2.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.2.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                    7.3. Europe
                         7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.3.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         7.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion))
                         7.3.4. U.K.
                              7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.3.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.3.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.3.5. Germany
                              7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.3.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.3.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                    7.4. Asia Pacific
                         7.4.1. Market estimates and forecast, 2018- 2025 (USD Billion)
                         7.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         7.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.4.4. China 
                              7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                              7.4.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.4.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.4.5. India
                              7.4.5.1. Market estimates and forecast, 2018- 2025 (USD Billion)
                              7.4.5.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.4.5.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                    7.5. Central & South America
                         7.5.1 Market estimates and forecast, 2018- 2025 (USD Billion)
                         7.5.2 Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         7.5.3 Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.5.4 Brazil 
                              7.5.4.1 Market estimates and forecast, 2018- 2025 (USD Billion)
                              7.5.4.2 Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.5.4.3 Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                    7.6. Middle East & Africa (MEA)
                         7.6.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
                         7.6.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                         7.6.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                         7.6.4. Africa
                              7.6.4.1. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
                              7.6.4.2. Market estimates and forecast, by type, 2015 - 2025 (USD Billion)
                              7.6.4.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                         8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. Hilmar cheese Company
                         9.1.1. Company Overview
                         9.1.2. Financial Performance
                         9.1.3. Type Benchmarking
                         9.1.4. Strategic Initiatives
                    9.2. Davisco Food international Inc. 
                         9.2.1. Company Overview
                         9.2.2. Financial Performance
                         9.2.3. Type Benchmarking
                         9.2.4. Strategic Initiatives
                    9.3. Saputo Inc. 
                         9.3.1. Company Overview
                         9.3.2. Financial Performance
                         9.3.3. Type Benchmarking
                         9.3.4. Strategic Initiatives
                    9.4. Maple Island Inc.
                         9.4.1. Company Overview
                         9.4.2. Financial Performance
                         9.4.3. Type Benchmarking
                         9.4.4. Strategic Initiatives
                    9.5. Alpavit 
                         9.5.1. Company Overview
                         9.5.2. Financial Performance
                         9.5.3. Type Benchmarking
                         9.5.4. Strategic Initiatives
                    9.6. Milkaut SA
                         9.6.1. Company Overview
                         9.6.2. Financial Performance
                         9.6.3. Type Benchmarking
                         9.6.4. Strategic Initiatives
                    9.7. Wheyco GmBH
                         9.7.1. Company Overview
                         9.7.2. Financial Performance
                         9.7.3. Type Benchmarking
                         9.7.4. Strategic Initiatives
                    9.8. Fonterra Corporative Group Ltd.
                         9.8.1. Company Overview
                         9.8.2. Financial Performance
                         9.8.3. Type Benchmarking
                         9.8.4. Strategic Initiatives
                    9.9. Glanbia 
                         9.9.1. Company Overview
                         9.9.2. Financial Performance
                         9.9.3. Type Benchmarking
                         9.9.4. Strategic Initiatives
                    9.10. Milk Specialities Global
                         9.10.1. Company Overview
                         9.10.2. Financial Performance
                         9.10.3. Type Benchmarking
                         9.10.4. Strategic Initiatives

List of Tables

1. Whey protein - Key market driver analysis
2. Whey protein - Key market restraint analysis
3. Global WPI market estimates and forecast, 2018 - 2025 (USD Billion)
4. Global WPC market estimates and forecast, 2015 - 2025 (USD Billion)
5. Global WPH market estimates and forecast, 2015 - 2025 (USD Billion)
6. Global Whey protein market estimates and forecast of nutritional , 2015 - 2025 (USD Billion)
7. Global Whey protein market estimates and forecast for personal care, 2015 - 2025 (USD Billion)
8. Global Whey protein market estimates and forecast for food, 2015 - 2025 (USD Billion)
9. Global Whey protein market estimates and forecast for feed, 2015 - 2025 (USD Billion)
10. North America Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
11. North America Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
12. North America Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
13. U.S. Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
14. U.S. Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
15. U.S. Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
16. Europe Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
17. Europe Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
18. Europe Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
19. Germany Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
20. Germany Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
21. Germany Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
22. U.K. Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
23. U.K. Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
24. U.K. Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
25. Asia Pacific Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
26. Asia Pacific Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
27. Asia Pacific Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
28. China Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
29. China Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
30. China Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
31. India Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
32. India Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
33. India Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
34. Central & South America Whey protein market estimates and forecast, 2015 - 2025 (USD Billion)
35. Central & South America Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
36. Central & South America Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
37. Brazil Whey protein market estimates and forecast, 2018 - 2025 (USD Billion)
38. Brazil Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
39. Brazil Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
40. MEA Whey protein market estimates and forecast, 2018 - 2025 (USD Billion)
41. MEA Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
42. MEA Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
43. Africa Whey protein market estimates and forecast, 2018 - 2025 (USD Billion)
44. Africa Whey protein market revenue estimates and forecast by type, 2015 - 2025 (USD Billion)
45. Africa Whey protein market revenue estimates and forecast by application, 2015 - 2025 (USD Billion)
46. Vendor landscape

List of Figures

1. Whey protein market snapshot 
2. Whey protein market segmentation & scope
3. Whey protein market penetration & growth prospect mapping
4. Whey protein value chain analysis
5. Whey protein market dynamics
6. Whey protein market Porter's analysis 
7. Whey protein market: Type movement analysis 
8. Whey protein market: Application movement analysis 
9. Whey protein market: Regional movement analysis