Whey Protein Powder Market Report to 2027 | Size, Share
[Research Report] The whey protein powder market was valued at US$ 10,252.9 million in 2018 and is expected to grow at a CAGR of 6.2%from 2019 to 2027 to reach US$ 17,522.4 million by 2027.
Over the last decade, the rising health-conscious customers across the globe has created lucrative opportunities for the whey protein powder manufacturers. Consumers are looking for ways in adopting a healthy and an active lifestyle, which has boosted the demand for health-oriented food products. Thus, protein supplement bears the same kind of traction in Europe, North America, and APAC. Healthy lifestyle is becoming a normal way of life due to concerns majorly over food sensitivity and obesity, as well arise in diseases. Consumers spending on various protein and associated supplements has boosted the whey protein powder market growth over the past few years. Moreover, rising disposable income and improving financial stability are also creating lucrative opportunities for the manufacturers. People are anticipated to spend on these products due to rise in obesity concerns and healthcare awareness, as well as the ability to spend on various items such as protein bars and other supplements.
APAC is expected to grow at the highest CAGR of 6.9% during the forecast period owing to the overall growth of the economy, growing population, increasing awareness on nutritional food, changing demographics in terms of consumer life style, and booming food and beverage industry. India and China are the leading countries in APAC owing to the increasing population. Improved lifestyle and growing economy are some of the other key dynamics contributing to the growth of the whey protein market. Moreover, the quest for dairy-based protein foodstuff is increasing rapidly in APAC owing to the growing awareness of its nutritional profile. The demand for protein ingredients in regions has transformed significantly in terms of nutritional value and quality with increasing expenditure on nutritional food products due to rising income levels. Owing to the trend of sports and fitness, the demand for supplement products has also witnessed a northward trend in the region over the past few years. The demand for dairy protein supplements has also seen an upsurge in countries such as India, Malaysia, and Indonesia. The food &beverages industry is one of the fastest-growing segments among the other application segments.
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Whey Protein Powder Market: Strategic Insights
Market Size Value in US$ 10,252.9 Million in 2018 Market Size Value by US$ 17,522.4 Million by 2027 Growth rate CAGR of 6.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Whey Protein Powder Market: Strategic Insights
| Market Size Value in | US$ 10,252.9 Million in 2018 |
| Market Size Value by | US$ 17,522.4 Million by 2027 |
| Growth rate | CAGR of 6.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Effect of COVID-19 on Whey Protein Powder Market
COVID-19 outbreak first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. As of March 2020, China, Italy, Iran, Spain, Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths. The outbreak has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food processing industry is one of the major industries that is suffering serious disruptions such as factories shutdown, supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak.
Growing Sports Nutrition Industry
The latest trends in the sports sector, especially regarding nutrition, are creating new revenue streams for whey protein manufacturers. There are plenty of sports nutrition products designed and prepared for targeting different types of athletes at different stages in their training and recovery. From the consumer profiles’ prospectus, the whey protein powder market for sports supplements and nutrition has transformed immensely over the last decade. Historically, athletes and bodybuilders have been the prime consumers of sports nutrition products. However, with the rapid expansion of the dietary supplement industry and rising consumer health consciousness, there has been a rise in the use of whey protein supplements by recreational users. Consumer preference for whey protein products can be correlated with the introduction and launch of protein-added snacks, yogurt, and meal replacement products, which is boosting the market growth to a greater extent.
Type-Based Insights
The whey protein powder market, based on type, is segmented into concentrate, isolate, and hydrolysate. The concentrate segment accounted for the largest share of the global whey protein powder market in 2018and is expected to grow at a higher CAGR during the forecast period. Whey protein concentrate powder is derived when whey protein is dried and milk is filtered. Whey protein concentrate powder is micro-filtered to keep its amino acid content as pure and strong as possible. It also maintains its silky smooth texture when blended with milk or water. It consists of 80% of protein and a small amount of carbohydrates and fats. As the carbohydrate and fats content in whey protein concentrate powder is minimal, it can be consumed as a regular or a mass gain diet. The filtration process involved in the production of whey protein concentrate powder is less intense than whey protein isolate powder, which makes whey protein concentrate powder richer in calories, carbohydrates, fats, and proteins as compared with isolate powder. As whey protein concentrate powder delivers an ultra-pure, ultra refined powerful high protein mix to muscles and is easily digestible, this powder is often regarded as the most popular, most efficient, and economical to the consumers.
Application-Based Insights
The whey protein powder market, based on application, is segmented into food & beverages, animal feed, and others. The food & beverages segment accounted for the largest share of the global whey protein powder market in 2018, whereas the others segment is expected to register the fastest growth rate during the forecast period. Whey protein powder is also beneficial in managing weight loss, lowering cholesterol levels, increasing bone density, and reducing the risk for cardiovascular diseases and stroke. It serves as a low cost alternative to high cost dairy ingredients such as cream, butter, fats, and cheese; it is also used as an alternative to eggs in certain applications such as dressings, mayonnaise, and no-rise baked goods, and therefore it is used globally in the food industry. Various beverages, such as plain whey beverages, concentrated fruit-based whey beverages, deproteinated whey beverages, whey protein enriched whey beverages, whey-based soups, and dietetic beverages and drinks with hydrolyzed lactose, are produced by using whey proteins.
The food & beverages segment is further bifurcated into infant formula, sports & dietary nutrition, bakery & confectionery, dairy, and others. Among all five segments, the infant formula segment held the largest market share in 2018 and the bakery & confectionery segment is expected to register the fastest growth rate during the forecast period. Many infant formula manufacturers include whey protein powder in their formulations as whey serves all kinds of dietary benefits. High-quality forms of whey protein powder like isolates mix with liquids easily. Besides, whey is produced from milk, which is what infants primarily consume. Alpha-lactalbumin, a type of whey protein, when added to infant formulas has proved to be of great nutritional importance. The American Academy of Pediatrics reports that about 60% of the protein found in breast milk is whey protein.
Distribution Channel-Based Insights
The whey protein powder market, based on distribution channel, is segmented into supermarkets, nutrition store, specialist sport store, online, and others. The supermarkets segment accounted for the largest share of the global whey protein powder market in 2018, whereas the specialist sport store segment is expected to register the fastest growth rate during the forecast period. Supermarkets are self-help shops with a wide variety of products, including different protein powders. A consumer can find extensive merchandise mix along with different brands of whey protein powder placed under the same roof. Earlier the classic protein drinks were displayed in oversized bottles and tubs, but now they are available in attractive bottles with their respective brand labels. Protein powders have a dedicated section in supermarkets to attract fitness enthusiasts and athletes. A western supermarket today, displays whey protein powder of different brands along with whey protein noodles, whey protein bars, whey protein cookies, and why protein shakes.
Mergers and acquisition and research and development are commonly adopted by companies to expand their footprints worldwide, which is further impacting the size of the market. The players present in the whey protein powder market such as Carbery Group, Lactalis Ingredients, and Milk Specialties have been implementing the mergers and acquisition and research and development strategies to enlarge the customer base and gain significant market share across the world, which also permits the players to maintain their brand name globally.
Report Spotlights
- Progressive industry trends in the global whey protein powder market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global whey protein powder market from 2017 to 2027
- Estimation of global whey protein powder demand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to understand the competitive market scenario and global whey protein powder demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global whey protein powder market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global whey protein powder market growth
- Global whey protein powder market size at various nodes of market
- Detailed overview and segmentation of the global whey protein powder market, as well as its dynamics in the industry
- Global whey protein powder market size in various regions with promising growth opportunities
Whey Protein Powder Market Report Scope
Global Whey Protein Powder Market – By Type
- Concentrate
- Isolate
- Hydrolysate
Global Whey Protein Powder Market – By Application
- Food & Beverages
- Infant Formula
- Sports & Dietary Nutrition
- Bakery & Confectionery
- Dairy
- Others
- Animal Feed
- Others
Global Whey Protein Powder Market – By Distribution Channel
- Supermarkets
- Nutrition Store
- Specialist Sport Store
- Online
- Others
Company Profiles
- Agropur Ingredients
- Arla Foods Ingredients
- Carbery Group
- Glanbia PLC
- Clover Fonterra Ingredients
- Hilmar Cheese Company
- Lactalis Ingredients
- Leprino Foods Company
- Milk Specialties
- Saputo Dairy Australia Pty Ltd
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Whey Protein Powder Market Forecast to 2027 - Covid-19 Impact and Global Analysis - by Type ; Application ; Distribution Channel and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
Frequently Asked Questions
Rising demand from infant formula manufacturers is driving the market growth for whey protein powder globally. Whey protein powder, specifically demineralized whey powder and WPC-35-80, is one of the prime constituents of infant formulae. The demand for whey-based infant formulas has increased rapidly over the past few years, especially in China. China has mildest regulatory framework for the consumption of infant formula by babies. Also, growing sport nutrition industry is contribution to the market growth for whey protein powder. There are plenty of sports nutrition products designed and prepared for targeting different types of athletes at different stages in their training and recovery. From the consumer profiles’ prospectus, the whey protein powder market for sports supplements and nutrition has transformed immensely over the last decade.
The concentrate segment led the whey protein powder market in 2018 with a significant share and is expected to continue its dominance during the forecast period.Whey Protein concentrate powder is the most common and concentrates powder type that is derived when whey protein is dried and milk is filtered. Whey protein concentrate powder is micro-filtered to keep its amino acid content as pure and strong as possible. It also maintains its silky smooth texture when blended with milk or water. It consists of 80% of protein and a small amount of carbohydrates and fats. Since the carbohydrate and fats content in whey protein concentrate powder is minimal, it can be consumed as a regular or a mass gain diet.
The whey protein powder market was dominated by Europe, with a significant market share in 2018 and will continue to dominate the market by 2027. North-America is the second-largest contributor to the global whey protein powder market, followed by APAC. Transforming lifestyle trends concerning the food & beverage industry has had a significant influence on the whey protein market in Europe. With increasing health awareness among consumers, the demand for dairy products and whey protein products has been rising in the European region.Protein-rich food and beverages are gaining popularity among consumers in developed European countries such as Germany, France, Italy, the UK, and Russia. Protein is considered to be nutritious as it supports in maintaining good health. Weight loss and improved bone & muscle health are examples of the health benefits of protein intake.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Whey Protein Powder Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 APAC PEST Analysis
4.2.4 MEA PEST Analysis
4.2.5 South America PEST Analysis
4.3 Expert Opinion
5. Whey Protein Powder Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising demand from infant formula manufacturers
5.1.2 Growing sports nutrition industry
5.2 Market Restraints
5.2.1 Side Effects Associated with Consumption of Whey Protein
5.3 Market Opportunities
5.3.1 Growing Popularity of Emerging Food Formats
5.4 Future Trends
5.4.1 Replacement for Gluten and Eggs in Bakery Industry
5.5 Impact Analysis Of Drivers And Restraints
6. Whey Protein Powder – Global Market Analysis
6.1 Whey Protein Powder Market Overview
6.2 Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning – Global Market Players
7. Whey Protein Powder Market Analysis – By Type
7.1 Overview
7.2 Whey Protein Powder Market, By Type (2018 and 2027)
7.3 Whey Protein Concentrate Powder
7.3.1 Overview
7.3.2 Concentrate Powder : Whey Protein Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Whey Protein Isolate Powder
7.4.1 Overview
7.4.2 Isolate Powder : Whey Protein Market – Revenue and Forecast to 2027 (US$ Million)
7.5 Whey Protein Hydrolysate Powder
7.5.1 Overview
7.5.2 Hydrolysate Powder : Whey Protein Market – Revenue and Forecast to 2027 (US$ Million)
8. Whey Protein Powder Market Analysis – By Application
8.1 Overview
8.2 Whey Protein Powder Market, By Application (2018 and 2027)
8.3 Food and Beverages
8.3.1 Overview
8.3.2 Food and Beverages: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.3.3 Infant formula market
8.3.3.1 Overview
8.3.3.2 Infant Formula: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.3.4 Sports & Dietary Nutrition market
8.3.4.1 Overview
8.3.4.2 Sports & Dietary Nutrition: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.3.5 Bakery & Confectionery market
8.3.5.1 Overview
8.3.5.2 Bakery & Confectionery: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.3.6 Dairy market
8.3.6.1 Overview
8.3.6.2 Dairy: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.3.7 Others market
8.3.7.1 Overview
8.3.7.2 Others: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
8.5 Others
8.5.1 Overview
8.5.2 Others: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
9. Whey Protein Powder Market Analysis – By Distribution Channel
9.1 Overview
9.2 Whey Protein Powder Market, By Distribution Channel (2018 and 2027)
9.3 Supermarkets
9.3.1 Overview
9.3.2 Supermarkets: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
9.4 Nutrition Store
9.4.1 Overview
9.4.2 Nutrition Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
9.5 Specialist Sports Store
9.5.1 Overview
9.5.2 Specialists Sports Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
9.6 Online
9.6.1 Overview
9.6.2 Online Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
10. Whey Protein Powder Market – Geographic Analysis
10.1 Overview
10.2 North America: Whey Protein Powder Market
10.2.1 North America: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Mn)
10.2.2 North America: Whey Protein Powder Market, by Type
10.2.3 North America: Whey Protein Powder Market, by Application
10.2.4 North America: Whey Protein Powder Market, by Distribution Channel
10.2.5 North America: Whey Protein Powder Market, by Key Country
10.2.5.1 US: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.1.1 US: Whey Protein Powder Market, by Type
10.2.5.1.2 US: Whey Protein Powder Market, by Application
10.2.5.1.3 US: Whey Protein Powder Market, by Distribution Channel
10.2.5.2 Canada: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.2.1 Canada: Whey Protein Powder Market, by Type
10.2.5.2.2 Canada: Whey Protein Powder Market, by Application
10.2.5.2.3 Canada: Whey Protein Powder Market, by Distribution Channel
10.2.5.3 Mexico: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.2.5.3.1 Mexico: Whey Protein Powder Market, by Type
10.2.5.3.2 Mexico: Whey Protein Powder Market, by Application
10.2.5.3.3 Mexico: Whey Protein Powder Market, by Distribution Channel
10.3 Europe Whey Protein Market Revenue and Forecasts to 2027
10.3.1 Europe Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.2 Europe Whey Protein Market Breakdown by Type
10.3.3 Europe Whey Protein Market Breakdown by Application
10.3.4 Europe Whey Protein Market Breakdown by Distribution Channel
10.3.5 Europe Whey Protein Market Breakdown, by Key Country
10.3.5.1 Germany Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 Germany Whey Protein Market Breakdown by Type
10.3.5.1.2 Germany Whey Protein Market Breakdown by Application
10.3.5.1.3 Germany Whey Protein Market Breakdown by Distribution Channel
10.3.5.2 France Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 France Whey Protein Market Breakdown by Type
10.3.5.2.2 France Whey Protein Market Breakdown by Application
10.3.5.2.3 France Whey Protein Market Breakdown by Distribution Channel
10.3.5.3 UK Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 UK Whey Protein Market Breakdown by Type
10.3.5.3.2 UK Whey Protein Market Breakdown by Application
10.3.5.3.3 UK Whey Protein Market Breakdown by Distribution Channel
10.3.5.4 Italy Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 Italy Whey Protein Market Breakdown by Type
10.3.5.4.2 Italy Whey Protein Market Breakdown by Application
10.3.5.4.3 Italy Whey Protein Market Breakdown by Distribution Channel
10.3.5.5 Russia Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 Russia Whey Protein Market Breakdown by Type
10.3.5.5.2 Russia Whey Protein Market Breakdown by Application
10.3.5.5.3 Russia Whey Protein Market Breakdown by Distribution Channel
10.3.5.6 Rest of Europe Whey Protein Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Europe Whey Protein Market Breakdown by Type
10.3.5.6.2 Rest of Europe Whey Protein Market Breakdown by Application
10.3.5.6.3 Rest of Europe Whey Protein Market Breakdown by Distribution Channel
10.4 APAC Whey Protein Market Revenue and Forecasts to 2027
10.4.1 APAC Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.2 APAC Whey Protein Market Breakdown by Type
10.4.3 APAC Whey Protein Market Breakdown by Application
10.4.4 APAC Whey Protein Market Breakdown by Distribution Channel
10.4.5 APAC Whey Protein Market Breakdown, by Country
10.4.5.1 Australia Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.1.1 Australia Whey Protein Market Breakdown by Type
10.4.5.1.2 Australia Whey Protein Market Breakdown by Application
10.4.5.1.3 Australia Whey Protein Market Breakdown by Distribution Channel
10.4.5.2 China Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.2.1 China Whey Protein Market Breakdown by Type
10.4.5.2.2 China Whey Protein Market Breakdown by Application
10.4.5.2.3 China Whey Protein Market Breakdown by Distribution Channel
10.4.5.3 India Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.3.1 India Whey Protein Market Breakdown by Type
10.4.5.3.2 India Whey Protein Market Breakdown by Application
10.4.5.3.3 India Whey Protein Market Breakdown by Distribution Channel
10.4.5.4 Japan Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.4.1 Japan Whey Protein Market Breakdown by Type
10.4.5.4.2 Japan Whey Protein Market Breakdown by Application
10.4.5.4.3 Japan Whey Protein Market Breakdown by Distribution Channel
10.4.5.5 South Korea Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.5.1 South Korea Whey Protein Market Breakdown by Type
10.4.5.5.2 South Korea Whey Protein Market Breakdown by Application
10.4.5.5.3 South Korea Whey Protein Market Breakdown by Distribution Channel
10.4.5.6 Rest of APAC Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
10.4.5.6.1 Rest of APAC Whey Protein Market Breakdown by Type
10.4.5.6.2 Rest of APAC Whey Protein Market Breakdown by Application
10.4.5.6.3 Rest of APAC Whey Protein Market Breakdown by Distribution Channel
10.5 MEA: Whey Protein Powder Market
10.5.1 MEA: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Mn)
10.5.2 MEA: Whey Protein Powder Market, by Type
10.5.3 MEA: Whey Protein Powder Market, by Application
10.5.4 MEA: Whey Protein Powder Market, by Distribution Channel
10.5.5 MEA: Whey Protein Powder Market, by Key Country
10.5.5.1 South Africa: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.1.1 South Africa: Whey Protein Powder Market, by Type
10.5.5.1.2 South Africa: Whey Protein Powder Market, by Application
10.5.5.1.3 South Africa: Whey Protein Powder Market, by Distribution Channel
10.5.5.2 Saudi Arabia: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.2.1 Saudi Arabia: Whey Protein Powder Market, by Type
10.5.5.2.2 Saudi Arabia: Whey Protein Powder Market, by Application
10.5.5.2.3 Saudi Arabia: Whey Protein Powder Market, by Distribution Channel
10.5.5.3 UAE: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.3.1 UAE: Whey Protein Powder Market, by Type
10.5.5.3.2 UAE: Whey Protein Powder Market, by Application
10.5.5.3.3 UAE: Whey Protein Powder Market, by Distribution Channel
10.5.5.4 Rest of MEA: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
10.5.5.4.1 Rest of MEA: Whey Protein Powder Market, by Type
10.5.5.4.2 Rest of MEA: Whey Protein Powder Market, by Application
10.5.5.4.3 Rest of MEA: Whey Protein Powder Market, by Distribution Channel
10.6 South America (SAM) Whey Protein Market Revenue and Forecasts To 2027
10.6.1 South America (SAM) Whey Protein Market Revenue and forecast Forecasts to 2027 (US$ Mn)
10.6.2 South America (SAM) Whey Protein Market Breakdown by Type
10.6.3 South America (SAM) Whey Protein Market Breakdown by Application
10.6.4 South America (SAM) Whey Protein Market Breakdown by Distribution Channel
10.6.5 South America (SAM) Whey Protein Market Breakdown, by Key Country
10.6.5.1 Brazil Whey Protein Market Revenue and forecast Forecasts to 2027 (US$ Mn)
10.6.5.1.1 Brazil Whey Protein Market Breakdown by Type
10.6.5.1.2 Brazil Whey Protein Market Breakdown by Application
10.6.5.1.3 Brazil Whey Protein Market Breakdown by Distribution channel
10.6.5.2 Argentina Whey Protein Market Revenue and forecast Forecasts to 2027 (US$ Mn)
10.6.5.2.1 Argentina Whey Protein Market Breakdown by Type
10.6.5.2.2 Argentina Whey Protein Market Breakdown by Application
10.6.5.2.3 Argentina Whey Protein Market Breakdown by Distribution channel
10.6.5.3 Rest of SAM Whey Protein Market Revenue and forecast Forecasts to 2027 (US$ Mn)
10.6.5.3.1 Rest of SAM Whey Protein Market Breakdown by Type
10.6.5.3.2 Rest of SAM Whey Protein Market Breakdown by Application
10.6.5.3.3 Rest of SAM Whey Protein Market Breakdown by Distribution channel
11. Impact of COVID-19 Pandemic on Global Whey Protein Powder Market
11.1 Overview
11.2 North America: Impact Assessment of COVID-19 Pandemic
11.3 Europe: Impact Assessment of COVID-19 Pandemic
11.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
11.6 South America: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Strategy and Business Planning
12.2 Product News
12.3 Mergers and Acquisitions
13. Company Profiles
13.1 Agropur Ingredients
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Arla Foods Ingredients
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Carbery Group
13.3.1 Key Facts
13.3.2 Business Description
13.3.1 Products and Services
13.3.2 Financial Overview
13.3.3 SWOT Analysis
13.3.4 Key Developments
13.4 Glanbia PLC
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products And Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.5 Clover Fonterra Ingredients
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Hilmar Cheese Company
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Lactalis Ingredients
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Leprino Foods Company
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Milk Specialties
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Saputo Dairy Australia Pty Ltd
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Million)
Table 2. North America Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 3. North America Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 4. North America Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 5. US Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 6. US Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 7. US Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 8. Canada Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 9. Canada Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 10. Canada Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 11. Mexico Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 12. Mexico Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 13. Mexico Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 14. Europe: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 15. Europe: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 16. Europe: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 17. Germany: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 18. Germany: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 19. Germany: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 20. France: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 21. France: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 22. France: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 23. UK: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 24. UK: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 25. UK: Whey Protein Market, by Form, 2017–2027 (USD Mn)
Table 26. Italy: Whey Protein Market, by Product, 2017–2027 (USD Mn)
Table 27. Italy: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 28. Italy: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 29. Russia: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 30. Russia: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 31. Russia: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 32. Rest of Europe: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 33. Rest of Europe: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 34. Rest of Europe: Whey Protein Market, by Distribution Channel, 2017–2027 (USD Mn)
Table 35. APAC Whey Protein Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 36. APAC Whey Protein Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 37. APAC Whey Protein Market Revenue And Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 38. Australia Whey Protein Market Revenue and Forecasts To 2027 – By Type (US$ Mn)
Table 39. Australia Whey Protein Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 40. Australia Whey Protein Market Revenue and Forecasts to 2027 – By Distribution Channel (US$ Mn)
Table 41. China Whey Protein Market Revenue and Forecasts To 2027 – Type (US$ Mn)
Table 42. China Whey Protein Market Revenue And Forecasts To 2027 – By Application (US$ Mn)
Table 43. China Whey Protein Market Revenue And Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 44. India Whey Protein Market Revenue and Forecasts to 2027 – By Type (US$ Mn)
Table 45. India Whey Protein Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 46. India Whey Protein Market Revenue and Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 47. Japan Whey Protein Market Revenue and Forecasts To 2027 – By Type (US$ Mn)
Table 48. Japan Whey Protein Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 49. Japan Whey Protein Market Revenue and Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 50. South Korea Whey Protein Market Revenue and Forecasts To 2027 – By Type (US$ Mn)
Table 51. South Korea Whey Protein Market Revenue and Forecasts To 2027 – By Application (US$ Mn)
Table 52. South Korea Whey Protein Market Revenue and Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 53. Rest Of APAC Whey Protein Market Revenue and Forecasts To 2027 – By Type (US$ Mn)
Table 54. Rest of APAC Whey Protein Market Revenue and Forecasts to 2027 – By Application (US$ Mn)
Table 55. Rest Of APAC Whey Protein Market Revenue and Forecasts To 2027 – By Distribution Channel (US$ Mn)
Table 56. MEA Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 57. MEA Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 58. MEA Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 59. South Africa Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 60. South Africa Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 61. South Africa Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 62. Saudi Arabia Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 63. Saudi Arabia Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 64. Saudi Arabia Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 65. UAE Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 66. UAE Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 67. UAE Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 68. Rest of MEA Whey Protein Powder Market, by Type – Revenue and Forecast to 2027 (USD Mn)
Table 69. Rest of MEA Whey Protein Powder Market, by Application – Revenue and Forecast to 2027 (USD Mn)
Table 70. Rest of MEA Whey Protein Powder Market, by Distribution Channel – Revenue and Forecast to 2027 (USD Mn)
Table 71. South America: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 72. South America: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 73. South America: Whey Protein Market, by Distribution channel, 2017–2027 (USD Mn)
Table 74. Brazil: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 75. Brazil: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 76. Brazil: Whey Protein Market, by Distribution channel, 2017–2027 (USD Mn)
Table 77. Argentina: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 78. Argentina: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 79. Argentina: Whey Protein Market, by Distribution channel, 2017–2027 (USD Mn)
Table 80. Rest of SAM: Whey Protein Market, by Type, 2017–2027 (USD Mn)
Table 81. Rest of SAM: Whey Protein Market, by Application, 2017–2027 (USD Mn)
Table 82. Rest of SAM: Whey Protein Market, by Distribution channel, 2017–2027 (USD Mn)
Table 83. List of Abbreviation
LIST OF FIGURES
Figure 1. Whey Protein Powder Market Segmentation
Figure 2. Whey Protein Powder Market Segmentation – By Geography
Figure 3. Global Whey Protein Powder Market Overview
Figure 4. Concentrate Segment Held Largest Share of Global Whey Protein Powder Market
Figure 5. Europe Region Held Largest Share of Global Whey Protein Powder Market
Figure 6. Global Whey Protein Powder Market, Industry Landscape
Figure 7. North America PEST Analysis
Figure 8. Europe – PEST Analysis
Figure 9. APAC PEST Analysis
Figure 10. MEA – PEST Analysis
Figure 11. South America – PEST Analysis
Figure 12. Expert Opinion
Figure 13. Whey Protein Powder Market Impact Analysis Of Driver And Restraints
Figure 14. Geographic Overview of Whey Protein Powder Market
Figure 15. Global Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Whey Protein Powder Market Revenue Share, by Type (2018 and 2027)
Figure 17. Concentrate Powder: Whey Protein Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 18. Isolate Powder: Whey Protein Market –Revenue and Forecast to 2027 (US$ Million)
Figure 19. Hydrolysate Powder: Whey Protein Market – Revenue, and Forecast to 2027 (US$ Million)
Figure 20. Whey Protein Powder Market Revenue Share, by Application (2018 and 2027)
Figure 21. Food and Beverages: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Infant Formula: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Sports & Dietary Nutrition: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Bakery & Confectionery: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Dairy: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 26. Others: Food and Beverages Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 27. Animal Feed: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 28. Others: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 29. Whey Protein Powder Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 30. Supermarkets: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 31. Nutrition Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 32. Specialists Sports Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 33. Online Store: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 34. Others: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Million)
Figure 35. Global Whey Protein Powder Market Revenue Share, by Region (2018 and 2027)
Figure 36. North America: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 37. North America: Whey Protein Powder Market Revenue Share, by Type (2018 and 2027)
Figure 38. North America: Whey Protein Market Revenue Share, by Application (2018 and 2027)
Figure 39. North America: Whey Protein Powder Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 40. North America: Whey Protein Powder Market Revenue Share, by Key Country (2018 and 2027)
Figure 41. US: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 42. Canada: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 43. Mexico: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 44. Europe Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 45. Europe Whey Protein Market Breakdown by Type, 2018 & 2027 (%)
Figure 46. Europe Whey Protein Market Breakdown, by Application, 2018 & 2027 (%)
Figure 47. Europe Whey Protein Market Breakdown by Distribution Channel, 2018 & 2027 (%)
Figure 48. Europe Whey Protein Market Breakdown by Key Country, 2018 & 2027(%)
Figure 49. Germany Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 50. France Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 51. UK Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 52. Italy Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 53. Russia Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 54. Rest of Europe Whey Protein Market Forecasts to 2027 (US$ Mn)
Figure 55. APAC Whey Protein Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 56. APAC Whey Protein Market Breakdown by Type, 2018 & 2027 (%)
Figure 57. APAC Whey Protein Market Breakdown by Application, 2018 & 2027 (%)
Figure 58. APAC Whey Protein Market Breakdown by Distribution Channel, 2018 & 2027 (%)
Figure 59. APAC Whey Protein Market Breakdown by Country, 2018 & 2027(%)
Figure 60. Australia Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 61. China Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 62. India Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 63. Japan Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 64. South Korea Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 65. Rest Of APAC Whey Protein Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 66. MEA: Whey Protein Powder Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 67. MEA: Whey Protein Powder Market Revenue Share, by Type (2018 and 2027)
Figure 68. MEA: Whey Protein Powder Market Revenue Share, by Application (2018 and 2027)
Figure 69. MEA: Whey Protein Powder Market Revenue Share, by Distribution Channel (2018 and 2027)
Figure 70. MEA: Whey Protein Powder Market Revenue Share, by Key Country (2018 and 2027)
Figure 71. South Africa: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 72. Saudi Arabia: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 73. UAE: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 74. Rest of MEA: Whey Protein Powder Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 75. South America (SAM) Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 76. South America (SAM) Whey Protein Market Breakdown by Type, 2018 & 2027 (%)
Figure 77. South America (SAM) Whey Protein Market Breakdown by Application, 2018 & 2027 (%)
Figure 78. South America (SAM) Whey Protein Market Breakdown by Distribution channel, 2018 & 2027 (%)
Figure 79. South America (SAM) Whey Protein Market Breakdown by Key Country, 2018 & 2027(%)
Figure 80. Brazil Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 81. Argentina Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 82. Rest of SAM Whey Protein Market Revenue and Forecasts to 2027 (US$ Mn)
Figure 83. Impact of COVID-19 Pandemic In North American Country Markets
Figure 84. Impact of COVID-19 Pandemic In Europe Country Markets
Figure 85. Impact of COVID-19 Pandemic In Asia Pacific Country Markets
Figure 86. Impact of COVID-19 Pandemic In Middle East And Africa Country Markets
Figure 87. Impact of COVID-19 Pandemic In South America Country Markets
The List of Companies - Global Whey Protein Powder Market
- Agropur Ingredients
- Arla Foods Ingredients
- Carbery Group
- Clover Fonterra Ingredients
- Glanbia PLC
- Hilmar Cheese Company
- Lactalis Ingredients
- Leprino Foods Company
- Milk Specialties
- Saputo Dairy Australia Pty Ltd
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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