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Whey Protein Ingredients Market Analysis

  • Report ID: GMI6313
  • Published Date: Jul 2023
  • Report Format: PDF

Whey Protein Ingredients Market Analysis

Whey protein ingredients market share from bakery & confectionery applications will grow at a commendable pace, due to shifting consumer preferences towards healthier and protein-enriched snacks and treats. Whey protein, with its functional properties, enhances the nutritional profile of bakery products, making them more appealing to health-conscious consumers. In addition, the versatility of whey protein allows for the development of innovative and protein-packed confectionery items, satisfying the growing demand for nutritious snack foods.
 

Global Whey Protein Ingredients Market Revenue Share (%), By Type, (2022)

Whey protein concentrate type segment accounted for over 27% share of the whey protein ingredients market in 2022. The growing popularity of health and fitness trends has led to an increased interest in protein-rich diets and supplements. According to estimates from New Hope Network, nearly 31% of Americans increased their usage of protein powders in 2020, owing to emerging fitness and health trends.
 

Whey protein concentrates, known for their high protein content, are preferred by athletes and fitness enthusiasts to support muscle growth and recovery. Moreover, the rising awareness of the health benefits of whey protein, including its amino acid profile and immune-boosting properties, has further fueled the demand for these products in the market.
 

North America Whey Protein Ingredients Market Size, 2020- 2032 (USD Billion)

North America whey protein ingredients market size reached USD 3.9 Billion in 2022. Government initiatives promoting healthy lifestyles and dietary habits will accelerate regional market expansion. For instance, in January 2020, the CDC announced its national initiatives, dubbed” Active People, Healthy Nation”, aimed at making over 27 million Americans more physically active by 2027.
 

The rising health and wellness consciousness among consumers is also leading to an increased demand for protein-enriched products. Additionally, the growing popularity of sports nutrition Ingredients and fitness trends will fuel the need for high-quality protein supplements, further driving demand for whey protein products across North America.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for whey protein ingredients was worth USD 14.2 billion in 2022 and is poised to record more than 7% CAGR from 2023 to 2032, due to rising health consciousness among consumers and the increasing demand for protein-rich supplements and functional foods.

Whey protein concentrate type segment accounted for over 27% share of the whey protein ingredients market in 2022, owing to the growing preference for the products from athletes and fitness enthusiasts to support muscle growth and recovery.

North America whey protein ingredients industry size dominated around USD 3.9billion in 2022, on account of various government initiatives promoting healthy lifestyles and dietary habits

Arla Foods Ingredients, Kerry Group, Hilmar Ingredients, Lactalis Ingredients, Milk Specialties Global, Carbery Group, Leprino Foods Company, Davisco Foods International, and Agropur Ingredients are some of the key participants in the global market.

Whey Protein Ingredients Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 21
  • Pages: 120
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