- Isolates
- Concentrates
- Hydrolysate
- Others
Whey Protein Market size was valued at USD 9,253.9 million in 2022 and grow at a CAGR of 9.7 % from 2023-2029. The drivers which boost the market include rate of active lifestyle adoption and balanced consumption of food, Whey protein ingredients are rich in protein and have high nutritional value, and increased health consciousness. High costs of manufacturing, fluctuations in raw material prices and health-related problems act as restrain towards the global market. Rising incidences of chronic illnesses provide multiple opportunities of the market. The report studies market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, global whey protein market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and service providers engaged in global whey protein market.
Whey Protein Market Key Developments:
- In September 2019, Volac International Limited sold its stake in DV Nutrition to DMK Group. DV Nutrition was a producer of whey protein and lactose-based ingredients.
Global Whey Protein Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
9.7%
Largest Market
North America
Fastest Growing Market
Europe
Whey Protein Market Dynamics
It is noticed that the global whey protein market has a significant market growth rate on perspective of rising demand for sports nutrition. Sports nutrition is a broad interdisciplinary field that focuses on the science behind and application of proper nutrition during exercise. The areas of interest are: body's use of nutrients during athletic competition; the need, if any, for nutritional supplements among athletes; and the role of proper nutrition and dietary supplements in enhancing an athlete's performance. The psychological dimension of sports nutrition is concerned with eating disorders and other psychiatric conditions related to nutrition among athletes.
North America Got Significant Share
Whey Protein Market Regional Analysis
North America contributed major revenue followed by Europe and Asia Pacific. In 2021, North America region accounted huge growth rate and is anticipated to grow with a forecast year due to the presence of key market players and population with high disposal income. Europe hold the second largest by growing trend of healthy lifestyle and awareness on the ingredients that are being consumed. Asia Pacific dominate the market on perspective of consumption of nutritional food products and beverages, with rising health consciousness.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Global Whey Protein Market Segmentation
By Product Type
By Application
- Nutritional Supplements
- Personal Care
- Food & Beverages
- Animal Feed & Pet Food
- Others
By Geography
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Frequently Asked Questions
The whey protein market size was valued at USD 9,253.9 million in 2022
The whey protein market key players are: Arla Foods Agropur Inc. Hilmar Cheese Company, Inc. Glanbia Plc Kerry Group Plc Milk Specialties Global Leprino Foods Company Carbery Grande Cheese Company Lactalis Group
The whey protein market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
The whey protein market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Whey Protein Market Introduction |
| 2.1. Global Whey Protein Market – Taxonomy |
| 2.2. Global Whey Protein Market –Definitions |
| 2.2.1. Product Type |
| 2.2.2. Application |
| 3. Global Whey Protein Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Whey Protein Market Dynamic Factors - Impact Analysis |
| 3.6. Global Whey Protein Market – Competition Landscape |
| 4. Global Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Whey Protein Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Isolates |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Concentrates |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Hydrolysate |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Whey Protein Market Forecast, By Application, 2018 - 2022 and Forecast, 2023 - 2029 |
| 6.1. Nutritional Supplements |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Personal Care |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Food & Beverages |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Animal Feed & Pet Food |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Others |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 7. Global Whey Protein Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029 |
| 8. North America Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Isolates |
| 8.1.2. Concentrates |
| 8.1.3. Hydrolysate |
| 8.1.4. Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Nutritional Supplements |
| 8.2.2. Personal Care |
| 8.2.3. Food & Beverages |
| 8.2.4. Animal Feed & Pet Food |
| 8.2.5. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 8.5. North America Whey Protein Market Dynamics – Trends |
| 9. Europe Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Isolates |
| 9.1.2. Concentrates |
| 9.1.3. Hydrolysate |
| 9.1.4. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Nutritional Supplements |
| 9.2.2. Personal Care |
| 9.2.3. Food & Beverages |
| 9.2.4. Animal Feed & Pet Food |
| 9.2.5. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Poland |
| 9.3.8. Rest of Europe |
| 9.4. Europe Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 9.5. Europe Whey Protein Market Dynamics – Trends |
| 10. Asia-Pacific Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Isolates |
| 10.1.2. Concentrates |
| 10.1.3. Hydrolysate |
| 10.1.4. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Nutritional Supplements |
| 10.2.2. Personal Care |
| 10.2.3. Food & Beverages |
| 10.2.4. Animal Feed & Pet Food |
| 10.2.5. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Japan |
| 10.3.2. China |
| 10.3.3. India |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Whey Protein Market Dynamics – Trends |
| 11. Latin America Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Isolates |
| 11.1.2. Concentrates |
| 11.1.3. Hydrolysate |
| 11.1.4. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Nutritional Supplements |
| 11.2.2. Personal Care |
| 11.2.3. Food & Beverages |
| 11.2.4. Animal Feed & Pet Food |
| 11.2.5. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 11.5. Latin America Whey Protein Market Dynamics – Trends |
| 12. Middle East and Africa Whey Protein Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Isolates |
| 12.1.2. Concentrates |
| 12.1.3. Hydrolysate |
| 12.1.4. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Nutritional Supplements |
| 12.2.2. Personal Care |
| 12.2.3. Food & Beverages |
| 12.2.4. Animal Feed & Pet Food |
| 12.2.5. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Whey Protein Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 12.5. MEA Whey Protein Market Dynamics – Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Arla Foods |
| 13.2.2. Agropur Inc. |
| 13.2.3. Hilmar Cheese Company, Inc. |
| 13.2.4. Glanbia Plc |
| 13.2.5. Kerry Group Plc |
| 13.2.6. Milk Specialties Global |
| 13.2.7. Leprino Foods Company |
| 13.2.8. Carbery |
| 13.2.9. Grande Cheese Company |
| 13.2.10. Lactalis Group |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Arla Foods
- Agropur Inc.
- Hilmar Cheese Company, Inc.
- Glanbia Plc
- Kerry Group Plc
- Milk Specialties Global
- Leprino Foods Company
- Carbery
- Grande Cheese Company
- Lactalis Group