Whey Concentrates Market Dynamics - 2021 to 2031
The Whey Concentrates Market is expected to register a CAGR of 5% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
Whey Concentrates Market covers analysis By Form (Dry, Liquid); Application (Dairy and Frozen Desserts, Infant Formula, Dietary Supplements, Bakery and Confectionery, Others), and Geography (North America, Europe, Asia Pacific, and South and Central America). Whey concentrate is a common bodybuilding supplement that is used to increase dietary protein intake, with the goal of maximizing muscle hypertrophy. Whey concentrate consists of 80% protein and 20% fat and sugar (carbohydrates, lactose). The concentrate contains more calories and tends to be naturally sweeter due to the simple sugar (lactose) that remains after processing.
Purpose of the ReportThe report Whey Concentrates Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Whey Concentrates Market Segmentation
Form- Dry
- Liquid
- Dairy and Frozen Desserts
- Infant Formula
- Dietary Supplements
- Bakery and Confectionery
- Others
Strategic Insights
Whey Concentrates Market Growth Drivers- The Rise of Health Consciousness and Its Impact on Whey Concentrates: The surging health consciousness amongst consumers is one of the main factors fuelling the demand for whey concentrates. The use of whey protein in muscle recovery and overall fitness has become popular among many consumers, who are more aware of its nutritional benefits.
- Incorporation of Whey Protein in Food and Beverage Products: In recent years, whey concentrates have been incorporated into numerous food and beverage products. Market growth can be attributed to several factors, including the versatility of whey protein in nutritional supplements, ready-to-drink products or as an ingredient in different types of aflatoxins.
- The Role of Fitness Trends in Driving Demand for Protein Supplements: The increasing popularity of fitness exercises and resistance exercises among the public will drive a growing need for protein supplements, especially whey protein concentrates. This contributes to the market growth of whey concentrates among athletes and fitness enthusiasts across the globe.
- Growth in Demand for Whey Protein Concentrates: The different kinds of whey protein concentrate are used by athletes and sports enthusiasts in order to support muscle recovery and performance improvement. This trend is expected to drive the continued growth in demand for whey protein concentrates in nutritional supplements and sports drinks.
- Versatile Applications in Functional Foods: Whey protein concentrates are increasingly being used in various functional foods as a source of high nutrition and functional properties. They are also added into yoghurt, ice creams, and bakery products as stabilizing agents or as a substitute for fats.
- Emerging Trend of Plant-Based Proteins: While whey protein concentrates have been widely adopted, there is an emerging trend for plant-based proteins among consumers. This is due to dietary tendencies such as veganism and lactose intolerance. This is considered as an emerging trend in the whey concentrates market.
- The Shift to E-Commerce in Whey Protein Purchases: The growth of e-commerce has changed the way purchases are done in whey protein. People find it easy to shop with online shopfronts, which further show a larger selection than one would otherwise see and also achieve increased accessibility to concentrates of whey.
- Innovation and Development in Whey Protein Products: Currently, research and development of the existing whey protein product would be thought to introduce new forms in the nutraceutical that would seek health-related niches, like reduced-lactose use or increased availability of certain amino acids. Such factors are considered huge growth opportunities in the market.
- The Future of Functional Whey Protein Products: This, coupled with the increasing health consciousness of consumers who desire nutrient-rich whey protein products with overall wellness, makes functional whey protein products the future. Infused products such as probiotics and vitamin-enriched ones might become more popular with consumers who aim to have healthy eating habits.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Whey Concentrates Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Whey Concentrates Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The growth of e-commerce is considered as a growth opportunity in the whey concentrates market.
Based on geography, North America held the largest share of the whey concentrates market due to the increased number of sports enthusisasts
The dietary supplements application segment accounted for the largest market share in 2023.
The different kinds of whey protein concentrate used by athletes and sports enthusiasts in order to support muscle recovery and performance improvement is an emerging trend in the market
Alpavit, Arla Foods, Carbery Group, Fonterra Co-operative Group Ltd, Glanbia plc, Hilmar Cheese Company, Inc., LACTALIS Ingredients, Milk Specialties, Olam International, and Saputo Inc are some of the key players in the whey concentrate market.
The Whey Concentrates Market is estimated to witness a CAGR of 5% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Whey Concentrates Market - By Form
1.3.2 Whey Concentrates Market - By Application
1.3.3 Whey Concentrates Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WHEY CONCENTRATES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. WHEY CONCENTRATES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WHEY CONCENTRATES MARKET - GLOBAL MARKET ANALYSIS
6.1. WHEY CONCENTRATES - GLOBAL MARKET OVERVIEW
6.2. WHEY CONCENTRATES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WHEY CONCENTRATES MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. DRY
7.3.1. Overview
7.3.2. Dry Market Forecast and Analysis
7.4. LIQUID
7.4.1. Overview
7.4.2. Liquid Market Forecast and Analysis
8. WHEY CONCENTRATES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. DAIRY AND FROZEN DESSERTS
8.3.1. Overview
8.3.2. Dairy and Frozen Desserts Market Forecast and Analysis
8.4. INFANT FORMULA
8.4.1. Overview
8.4.2. Infant Formula Market Forecast and Analysis
8.5. DIETARY SUPPLEMENTS
8.5.1. Overview
8.5.2. Dietary Supplements Market Forecast and Analysis
8.6. BAKERY AND CONFECTIONERY
8.6.1. Overview
8.6.2. Bakery and Confectionery Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. WHEY CONCENTRATES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Whey Concentrates Market Overview
9.1.2 North America Whey Concentrates Market Forecasts and Analysis
9.1.3 North America Whey Concentrates Market Forecasts and Analysis - By Form
9.1.4 North America Whey Concentrates Market Forecasts and Analysis - By Application
9.1.5 North America Whey Concentrates Market Forecasts and Analysis - By Countries
9.1.5.1 United States Whey Concentrates Market
9.1.5.1.1 United States Whey Concentrates Market by Form
9.1.5.1.2 United States Whey Concentrates Market by Application
9.1.5.2 Canada Whey Concentrates Market
9.1.5.2.1 Canada Whey Concentrates Market by Form
9.1.5.2.2 Canada Whey Concentrates Market by Application
9.1.5.3 Mexico Whey Concentrates Market
9.1.5.3.1 Mexico Whey Concentrates Market by Form
9.1.5.3.2 Mexico Whey Concentrates Market by Application
9.2. EUROPE
9.2.1 Europe Whey Concentrates Market Overview
9.2.2 Europe Whey Concentrates Market Forecasts and Analysis
9.2.3 Europe Whey Concentrates Market Forecasts and Analysis - By Form
9.2.4 Europe Whey Concentrates Market Forecasts and Analysis - By Application
9.2.5 Europe Whey Concentrates Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Whey Concentrates Market
9.2.5.1.1 Germany Whey Concentrates Market by Form
9.2.5.1.2 Germany Whey Concentrates Market by Application
9.2.5.2 France Whey Concentrates Market
9.2.5.2.1 France Whey Concentrates Market by Form
9.2.5.2.2 France Whey Concentrates Market by Application
9.2.5.3 Italy Whey Concentrates Market
9.2.5.3.1 Italy Whey Concentrates Market by Form
9.2.5.3.2 Italy Whey Concentrates Market by Application
9.2.5.4 United Kingdom Whey Concentrates Market
9.2.5.4.1 United Kingdom Whey Concentrates Market by Form
9.2.5.4.2 United Kingdom Whey Concentrates Market by Application
9.2.5.5 Russia Whey Concentrates Market
9.2.5.5.1 Russia Whey Concentrates Market by Form
9.2.5.5.2 Russia Whey Concentrates Market by Application
9.2.5.6 Rest of Europe Whey Concentrates Market
9.2.5.6.1 Rest of Europe Whey Concentrates Market by Form
9.2.5.6.2 Rest of Europe Whey Concentrates Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Whey Concentrates Market Overview
9.3.2 Asia-Pacific Whey Concentrates Market Forecasts and Analysis
9.3.3 Asia-Pacific Whey Concentrates Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Whey Concentrates Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Whey Concentrates Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Whey Concentrates Market
9.3.5.1.1 Australia Whey Concentrates Market by Form
9.3.5.1.2 Australia Whey Concentrates Market by Application
9.3.5.2 China Whey Concentrates Market
9.3.5.2.1 China Whey Concentrates Market by Form
9.3.5.2.2 China Whey Concentrates Market by Application
9.3.5.3 India Whey Concentrates Market
9.3.5.3.1 India Whey Concentrates Market by Form
9.3.5.3.2 India Whey Concentrates Market by Application
9.3.5.4 Japan Whey Concentrates Market
9.3.5.4.1 Japan Whey Concentrates Market by Form
9.3.5.4.2 Japan Whey Concentrates Market by Application
9.3.5.5 South Korea Whey Concentrates Market
9.3.5.5.1 South Korea Whey Concentrates Market by Form
9.3.5.5.2 South Korea Whey Concentrates Market by Application
9.3.5.6 Rest of Asia-Pacific Whey Concentrates Market
9.3.5.6.1 Rest of Asia-Pacific Whey Concentrates Market by Form
9.3.5.6.2 Rest of Asia-Pacific Whey Concentrates Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Whey Concentrates Market Overview
9.4.2 Middle East and Africa Whey Concentrates Market Forecasts and Analysis
9.4.3 Middle East and Africa Whey Concentrates Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Whey Concentrates Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Whey Concentrates Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Whey Concentrates Market
9.4.5.1.1 South Africa Whey Concentrates Market by Form
9.4.5.1.2 South Africa Whey Concentrates Market by Application
9.4.5.2 Saudi Arabia Whey Concentrates Market
9.4.5.2.1 Saudi Arabia Whey Concentrates Market by Form
9.4.5.2.2 Saudi Arabia Whey Concentrates Market by Application
9.4.5.3 U.A.E Whey Concentrates Market
9.4.5.3.1 U.A.E Whey Concentrates Market by Form
9.4.5.3.2 U.A.E Whey Concentrates Market by Application
9.4.5.4 Rest of Middle East and Africa Whey Concentrates Market
9.4.5.4.1 Rest of Middle East and Africa Whey Concentrates Market by Form
9.4.5.4.2 Rest of Middle East and Africa Whey Concentrates Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Whey Concentrates Market Overview
9.5.2 South and Central America Whey Concentrates Market Forecasts and Analysis
9.5.3 South and Central America Whey Concentrates Market Forecasts and Analysis - By Form
9.5.4 South and Central America Whey Concentrates Market Forecasts and Analysis - By Application
9.5.5 South and Central America Whey Concentrates Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Whey Concentrates Market
9.5.5.1.1 Brazil Whey Concentrates Market by Form
9.5.5.1.2 Brazil Whey Concentrates Market by Application
9.5.5.2 Argentina Whey Concentrates Market
9.5.5.2.1 Argentina Whey Concentrates Market by Form
9.5.5.2.2 Argentina Whey Concentrates Market by Application
9.5.5.3 Rest of South and Central America Whey Concentrates Market
9.5.5.3.1 Rest of South and Central America Whey Concentrates Market by Form
9.5.5.3.2 Rest of South and Central America Whey Concentrates Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WHEY CONCENTRATES MARKET, KEY COMPANY PROFILES
11.1. ALPAVIT
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARLA FOODS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CARBERY GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. FONTERRA CO-OPERATIVE GROUP LTD
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GLANBIA PLC
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HILMAR CHEESE COMPANY, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LACTALIS INGREDIENTS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MILK SPECIALTIES
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. OLAM INTERNATIONAL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SAPUTO INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Alpavit
2. Arla Foods
3. Carbery Group
4. Fonterra Co-operative Group Ltd
5. Glanbia plc
6. Hilmar Cheese Company, Inc.
7. LACTALIS Ingredients
8. Milk Specialties
9. Olam International
10. Saputo Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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