According to Stratistics MRC, the Global Whey Protein Ingredients market is estimated at $5.97 billion in 2015 and is poised to reach $10.6 billion by 2022, growing at a CAGR of 8.5% from 2015 to 2022. Growing awareness of health among consumers, increasing number of fitness centres are the key factors fueling the market growth. However, high production cost hampers the global whey protein ingredients market growth. Demand for high quality protein supplements by food industry creates ample of opportunities for the vendors involved.
North America dominates the global market for whey protein products, followed by Europe. U.S. accounted for the leading market share in the North American region driven by the increasing demand for food and beverages and rising interest towards whey proteins. Asia Pacific is expected to witness high growth rate due to rising disposable income.
Some of the key players in the market include Meggle Group, Danone, Glanbia Plc, Omega Protein, Meggle Group, Arla Foods, Carbery, Fonterra, American Dairy Products Institute and Fonterra Co-operative Group.
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Whey Protein Isolate (WPI)
Whey Protein Concentrate (WPC)
Hydrolyzed Whey Protein (HWP)
o Wine Whey
o Other Functional Beverages
o Infant Formula
o Dairy Products
o Other Functional Foods
Sports foods and beverages
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