Global Functional Whey Protein Concentrate Market Size By Product (Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP)), By Application (Infant Formulae, Bakers And Confectioneries, Food & Beverages, Snacks, Dairy Products), By Geographic Scope And Forecast
Report ID: 17298|No. of Pages: 202
Global Functional Whey Protein Concentrate Market Size By Product (Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), Hydrolyzed Whey Protein (HWP)), By Application (Infant Formulae, Bakers And Confectioneries, Food & Beverages, Snacks, Dairy Products), By Geographic Scope And Forecast
Functional Whey Protein Concentrate Market Size And Forecast
Functional Whey Protein Concentrate Market size was valued at USD 10.07 Billion in 2021 and is projected to reach USD 22.88 Billion by 2030, growing at a CAGR of 9.54% from 2022 to 2030.
The growing trend of whey proteins as a dietary supplement for health & wellness, the rapidly growing food industry, and their usage in snacks & dairy products, bakers & confectionaries, & infant formulae are likely to drive the market over the predicted years. The Global Functional Whey Protein Concentrate Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report @ – https://www.verifiedmarketresearch.com/download-sample/?rid=17298
Global Functional Whey Protein Concentrate Market Definition
Whey protein is a protein present in whey which is a watery portion of milk that gets separated from curd while making cheese. It contains 20 essential amino acids and has several functional, biological, and nutritional properties. It is a dietary supplement having the highest nutritional value amongst all food proteins present. Functional whey proteins are mainly used in the food processing industry as protein beverages & bars, health food supplements, sauces, baked goods, infant formula, soups, salad dressings, dairy desserts, sports drink mixes and meat products.
It is manufactured using the ultrafiltration process. Powders made by drying the retentates using this process are called whey protein concentrates. Whey protein is a natural food ingredient and enhances many food products due to its nutritional value. They provide various benefits such as decreased cravings, fat loss, stress reduction, and immunity-boosting.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=17298
Global Functional Whey Protein Concentrate Market Overview
The growing trend of whey proteins as a dietary supplement for health & wellness and their usage in snacks & dairy products, bakers & confectionaries, & infant formulae are likely to drive the market over the predicted years. Multiple health benefits of whey proteins along with their performance-boosting nature will leverage the market in the coming years. Additionally, rising health awareness, increasing disposable incomes, and a rapidly growing food industry are the factors that are expected to fuel the market.
Also, several applications of functional whey proteins in the personal care industry and demand for ready-to-drink beverages owing to strict work cultures will boost the market during the forecasted period. There are certain restraints and challenges faced which can hinder market growth. Higher manufacturing costs and side effects caused due to high dosage of why proteins such as nausea, bloating, reduced appetite, increased bowel movements, headache, cramps, & tiredness are the factors that can hinder the market growth.
Global Functional Whey Protein Concentrate Market: Segmentation Analysis
The Global Functional Whey Protein Concentrate Market is Segmented on the basis of Product, Application, and Geography.
Functional Whey Protein Concentrate Market, By Product
- Whey Protein Concentrate (WPC)
- Whey Protein Isolate (WPI)
- Hydrolyzed Whey Protein (HWP)
Based on Product, the market is bifurcated into Whey Protein Concentrate (WPC), Whey Protein Isolate (WPI), and Hydrolyzed Whey Protein (HWP). Whey Protein Concentrate (WPC) is expected to hold the largest market share owing to factors such as ease of production & availability and lower cost compared to isolates & hydrolysates. WPC’s can also be used as a flavoring agent in foods & beverages, as an emulsifier, foaming agent, and water-binding agent.
Functional Whey Protein Concentrate Market, By Application
- Infant Formulae
- Bakers & Confectioneries
- Food & Beverages
- Snacks
- Dairy Products
Based on Application, the market is bifurcated into Infant Formulae, Bakers & Confectioneries, Food & Beverages, Snacks, and Dairy Products. Food & Beverages are predicted to hold the most significant CAGR in the forecasted period due to the growing consumption of protein drinks, rising demand for healthy food products, and the increasing popularity of food & beverages containing proteins in fitness & sports activities.
Functional Whey Protein Concentrate Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on regional analysis, the Global Functional Whey Protein Concentrate Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific due to increasing consumption of dietary supplements & functional foods, rising consumer expenditure, and growth in consumption of plant-sourced proteins like pea proteins & soy proteins which are cheaper in cost.
Key Players
The “Global Functional Whey Protein Concentrate Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are The Milky Whey, Arla Foods, Davisco Food, Milk Specialities, Glanbia, Hilmar Cheese, Arla Foods AMBA, Grande Custom Ingredients, Glanbia Nutritionals, Global Dairy Network, Hilmar Ingredients, Groupe Lactalis, Lactalis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In December 2020, Cargill added pea protein to their European ingredient offering. This product introduction gave Cargill access to the pea protein industry.
- In September 2020, ADM added textured wheat and pea proteins to their protein offering. These proteins with high functionalities increase the meat-like texture of substitute meats. This new launch solidified ADM’s position as the global leader in plant protein.
- In November 2020, Ingredion purchased 100% ownership of Verdient Foods (Vanscoy, SK). With the addition of two production sites in Canada, the acquisition enabled net sales growth and improved Ingredion’s manufacturing capabilities.
- In April 2019, Saputo Inc. purchased Dairy Crest Group P.L.C., a dairy products company situated in the United Kingdom. The former made the transaction in order to extend its international presence.
Report Scope
| Report Attributes | Details |
|---|---|
| Study Period | 2018-2030 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Period | 2018-2020 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | The Milky Whey, Arla Foods, Davisco Food, Milk Specialities, Glanbia, Hilmar Cheese, Arla Foods AMBA, Grande Custom Ingredients. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports:
Global Functional Proteins Market Size And Forecast
Global Analgesic Infusion Pumps Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research.
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
Customization of the Report
• In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
