Reports
Global Whey Protein Concentrate Market: By Nature: Organic, Conventional; By Composition: WPC 30%-50%, WPC 50%-80%, Others; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
Global Whey Protein Concentrate Market Outlook
The global whey protein concentrate market attained a volume of 1,348.9 KMT in 2022. The market is further expected to grow at a CAGR of 3.5% during the forecast period of 2023-2028, likely to attain a volume of about 1,638.7 KMT by 2028.
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Growing Health Conscious Consumers Driving the Whey Protein Concentrate Industry Growth
The rapidly rising numbers of health conscious consumers is greatly burgeoning the market growth during the forecast period. The rising prevalence of diseases has expanded the consumer reach of the industry. The market is boosted by the various applications of whey protein concentrates in food product types, such as biscuits, cereals, chocolates, etc., and it is a rich source of protein, amino acids, vitamins, and minerals. Proliferating numbers of body builders, athletes, gym enthusiasts, and health conscious consumers are adopting whey protein concentrate into their staple diet, thereby bolstering the growth rate of the industry.
Whey Protein Concentrate: Market Segmentation
Whey protein concentrate is a protein rich dairy product and is generally consumed as a protein supplement for optimal body function, muscle recovery, and weight loss. The whey protein concentrate is obtained during the process of cheese making as liquid whey is extracted and dried into a powder. It is considered a healthy source for nutrition, and it is recommended as a supplement for reaching protein intake goals on a daily basis. With the increasing prevalence of plant based diets, whey protein concentrate is serving as a direct substitute for eggs and meat in daily diets.
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On the basis of nature, the market is segmented into:
- Organic
- Conventional
By composition, the market is segregated into:
- WPC 35%-50%
- WPC 50-80%
- Others
By end use, the market is segregated into:
- Infant Formula and Baby Foods
- Dietary Supplements
- Food Processing
- Sports Nutrition
- Beverages
- Others
On the basis of distribution channel, the industry is segmented into:
- Hypermarket and Supermarket
- Convenience Store
- Pharmacy
- Online
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Food and Beverage Segment Fostering the Growth of Global Whey Protein Concentrate Industry
Whey protein concentrate is now adopted in applications in the food and beverage segment as it is used in the production of cereals, dairy products, and chocolates, among others. The market growth is escalating as new products are continuously being introduced in the market. The industry will witness robust growth owing to the extensive consumption of athletes and body builders. It is available in a powdered state, easing the transportation and supply process, and can be readily mixed with liquids for quick consumption. The market growth is rapidly rising due to its nutrition factors and can be consumed by all ages and helps prevent a lot of illnesses, hence increasing the demand during the forecast period.
Key Industry Players in the Global Whey Protein Concentrate Market
The report gives a detailed analysis of the following key players in the Global Whey Protein Concentrate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Fonterra Co-operative Group Limited
- LACTALIS Ingredients
- Saputo Inc.
- Hilmar Cheese Company, Inc.
- Arla Foods Ingredients Group P/S
- Glanbia pic
- Agropur cooperative
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Nature, Composition, Form, End Use, Distribution Channel, Region |
| Breakup by Nature | Organic, Conventional |
| Breakup by Composition | WPC 30%-50%, WPC 50%-80%, Others |
| Breakup by End Use | Infant Formula and Baby Foods, Dietary Supplements, Food Processing, Sports Nutrition, Beverages, Others |
| Breakup by Distribution Channel | Hypermarket and Supermarket, Convenience Store, Pharmacy, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Fonterra Co-Operative Group Limited, LACTALIS Ingredients, Saputo Inc., Hilmar Cheese Company, Inc., Arla Foods Ingredients Group, Glanbia plc, Agropur cooperative, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Whey Protein Market Overview
8.1 Key Industry Highlights
8.2 Global Whey Protein Historical Market (2018-2022)
8.3 Global Whey Protein Market Forecast (2023-2028)
8.4 Global Whey Protein Market by Type
8.4.1 Market Share
8.4.1.1 Concentrate
8.4.1.2 Isolate
8.4.1.3 hydrolysates
8.5 Global Whey Protein Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Global Whey Protein Concentrate Market Analysis
9.1 Key Industry Highlights
9.2 Global Whey Protein Concentrate Historical Market (2018-2022)
9.3 Global Whey Protein Concentrate Market Forecast (2023-2028)
9.4 Global Whey Protein Concentrate Market by Nature
9.4.1 Organic
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Conventional
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.5 Global Whey Protein Concentrate Market by Composition
9.5.1 WPC 30%-50%
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 WPC 50%-80%
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Others
9.6 Global Whey Protein Concentrate Market by End Use
9.6.1 Infant Formula and Baby Foods
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Dietary Supplements
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Food Processing
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 Sports Nutrition
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Beverages
9.6.5.1 Market Share
9.6.5.2 Historical Trend (2018-2022)
9.6.5.3 Forecast Trend (2023-2028)
9.6.6 Others
9.7 Global Whey Protein Concentrate Market by Distribution Channel
9.7.1 Hypermarket and Supermarket
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Convenience Store
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Pharmacy
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Online
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 Others
9.8 Global Whey Protein Concentrate Market by Region
9.8.1 Market Share
9.8.1.1 North America
9.8.1.2 Europe
9.8.1.3 Asia Pacific
9.8.1.4 Latin America
9.8.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Fonterra Co-Operative Group Limited
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LACTALIS Ingredients
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Saputo Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Hilmar Cheese Company, Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Arla Foods Ingredients Group P/S
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Glanbia plc
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Agropur cooperative
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Whey Protein Market: Key Industry Highlights, 2018 and 2028
2. Global Whey Protein Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Whey Protein Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Whey Protein Historical Market: Breakup by Region (USD Billion), 2018-2022
5. Global Whey Protein Market Forecast: Breakup by Region (USD Billion), 2023-2028
6. Global Whey Protein Concentrate Market: Key Industry Highlights, 2018 and 2028
7. Global Whey Protein Concentrate Historical Market: Breakup by Nature (USD Billion), 2018-2022
8. Global Whey Protein Concentrate Market Forecast: Breakup by Nature (USD Billion), 2023-2028
9. Global Whey Protein Concentrate Historical Market: Breakup by Composition (USD Billion), 2018-2022
10. Global Whey Protein Concentrate Market Forecast: Breakup by Composition (USD Billion), 2023-2028
11. Global Whey Protein Concentrate Historical Market: Breakup by End Use (USD Billion), 2018-2022
12. Global Whey Protein Concentrate Market Forecast: Breakup by End Use (USD Billion), 2023-2028
13. Global Whey Protein Concentrate Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2022
14. Global Whey Protein Concentrate Market Forecast: Breakup by Distribution Channel (USD Billion), 2023-2028
15. Global Whey Protein Concentrate Historical Market: Breakup by Region (USD Billion), 2018-2022
16. Global Whey Protein Concentrate Market Forecast: Breakup by Region (USD Billion), 2023-2028
17. North America Whey Protein Concentrate Historical Market: Breakup by Country (USD Billion), 2018-2022
18. North America Whey Protein Concentrate Market Forecast: Breakup by Country (USD Billion), 2023-2028
19. Europe Whey Protein Concentrate Historical Market: Breakup by Country (USD Billion), 2018-2022
20. Europe Whey Protein Concentrate Market Forecast: Breakup by Country (USD Billion), 2023-2028
21. Asia Pacific Whey Protein Concentrate Historical Market: Breakup by Country (USD Billion), 2018-2022
22. Asia Pacific Whey Protein Concentrate Market Forecast: Breakup by Country (USD Billion), 2023-2028
23. Latin America Whey Protein Concentrate Historical Market: Breakup by Country (USD Billion), 2018-2022
24. Latin America Whey Protein Concentrate Market Forecast: Breakup by Country (USD Billion), 2023-2028
25. Middle East and Africa Whey Protein Concentrate Historical Market: Breakup by Country (USD Billion), 2018-2022
26. Middle East and Africa Whey Protein Concentrate Market Forecast: Breakup by Country (USD Billion), 2023-2028
27. North America Historical Price Trends and Forecast 2018-2028
28. Europe Historical Price Trends and Forecast 2018-2028
29. Asia Pacific Historical Price Trends and Forecast 2018-2028
30. Latin America Historical Price Trends and Forecast 2018-2028
31. Middle East and Africa Historical Price Trends and Forecast 2018-2028
32. Global Whey Protein Concentrate Market Structure
Key Questions Answered in the Report
The industry is being fuelled by the increasing occurrence of illnesses, introduction of new products, extensive consumption of athletes and body builders, and rising demand due to its nutrition factors.
The key trends of the market are the extensive application of the product in the food and beverage industry and growing number of health-conscious consumers.
The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
On the basis of nature, the market is segmented into organic and conventional.
By composition, the market is segregated into WPC 30%-50%, WPC 50%-80%, and others.
By form, the market is segregated into powder and cream.
By end-use, the market is segregated into infant formula and baby foods, dietary supplements, food processing, sports nutrition, and beverages, among others.
On the basis of distribution channel, the industry is segmented into hypermarket and supermarket, convenience store, pharmacy, and online, among others.
The major players in the industry are Fonterra Co-Operative Group Limited, LACTALIS ingredients, Saputo Inc., Hilmar Cheese Company, Inc., Arla Foods Ingredients Group P/S, Glanbia plc, and Agropur cooperative, among others.
Analyst Review
The global whey protein concentrate market attained a volume of 1,348.9 KMT in 2022, driven by the surge in the number of health-conscious people in the historical period. Aided by the extensive application of the product in the food and beverage industry and growing number of health-conscious consumers, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its nature, the global whey protein concentrate industry can be segmented into organic and conventional. By composition, the market can be divided into WPC 30%-50%, WPC 50%-80%, and others. Based on end-use, infant formula and baby foods, dietary supplements, food processing, sports nutrition, and beverages, among others are the various categories. On the basis of distribution channels, hypermarket and supermarket, convenience store, pharmacy, and online, among others are the primary sectors. The major regional markets for whey protein concentrate are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include Fonterra Co-Operative Group Limited, LACTALIS Ingredients, Saputo Inc., Hilmar Cheese Company, Inc., Arla Foods Ingredients Group P/S, Glanbia plc, and Agropur cooperative, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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