Whey Protein Ingredients Market – What Factors will drive the Market in Upcoming Years and How it is Going to Impact on Global Industry
The latest market report published by Credence Research, Inc. “Whey Protein Ingredients Market, By Type (Whey Protein Concentrates 80, When Protein Concentrates 35, Whey Protein Isolates, Whey Protein Hydrosylates and Demineralized Whey Protein), Application (Bakery & Confectionary, Sports Nutrition, Frozen Food, Beverages, Pharmaceuticals, Dairy Products and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global whey protein ingredients market is expected to grow at a CAGR of 8.7% over the forecast period from 2017 to 2025
The report covers outlook and research for the Whey Protein Ingredients market on a worldwide and regional level. The research gives noteworthy data of 2015-2017 alongside an outlook from 2018 to 2026 in view of revenue (USD Billion). The examination includes drivers and limitations for the Whey Protein Ingredients market beside the effect they have on the request over the figure time frame. Furthermore, the report combines the study of possibilities available in the Whey Protein Ingredients market on a worldwide level.
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The global market for whey protein ingredients is witnessing rapid growth owing to increase in demand for whey protein hydrosylates as nutritional additive especially among sports, medical and infant formulas products in Europe and North America. Moreover, rise in per capita disposable incomes and change in lifestyles in emerging economies such as India, China, Korea and Indonesia has resulted in a surging demand for whey protein ingredients which is in turn is leading to an unparalleled increase in the growth of global whey protein ingredients market. Furthermore, surge in demand for whey protein ingredients in animal feed and meat products owing to its excellent water binding ability further drives the market growth. Bakery & confectionery and sports nutrition segments offer the extreme potential in the global whey protein ingredients market due to favorable macroeconomic factors such as increasing consumer spending and rapid urbanization. Rise in demand for animal protein based supplements such as milk protein shakes and whey protein based sports drinks among athletes are bringing impetus in the overall demand. Furthermore, increasing utilization of whey protein ingredients in the preparation of bakery & confectionery products including cakes, biscuits, muffins and candies is a major element accelerating the demand for whey protein ingredients worldwide.
Increasing competition from plant based protein coupled with lack of awareness especially among the lower middle class population group are some of the major factors hindering the market growth. Although, increasing investments on research & development activities for the production of relatively cheaper products is expected to pose vivid opportunities in the coming years.
Currently, the global whey protein ingredients market is witnessing steady growth. The major market giants are focusing to achieve full commercialization. The market is monopolistic in nature and is characterized by the presence of a few key players. Some of the major players operating in the global whey protein ingredients market include Cargill Incorporated, Arla Foods, Fonterra Co-Operative Group Ltd, Hilmar Cheese Company, Glanbia Plc, Carberry Food Ingredients, Maple Island Incorporated, Davisco Food International, Milk Specialties Global and Dairy Farmers of America among others.
This report offers extensive research on the worldwide Whey Protein Ingredients showcase alongside, market trends, market size, drivers, and restraints of the Whey Protein Ingredients market. This report includes an itemized focused scenario and item pattern of key merchants. To understand the competitive scene in the market, a research of Porter’s five forces model for the market has additionally been incorporated. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared using data sourced from in-house databases, secondary and primary research team of industry experts.
Key aspects of the study include:
Whey Protein Ingredients Market Snapshot
Classification of Whey Protein Ingredients Market
Market Overview: Market drivers, restraints and key trends analysis
Competitive analysis of the key players operating in the market
Market size split on the basis of geographies and sub-geographies
Cross-sectional market size for all segments per sub-geography
Historical market size for year 2016 with 2017 as the base year
Forecast period: 2018 to 2026
Key questions answered in the Report
What is the Current Market Size and Forecast for Whey Protein Ingredients Market?
Who are major players in the industry and what are their strategies and developments in the recent years?
What are the key segments expected to emerge as the most attractive during the forecast period?
Which is the most lucrative geographic region for Whey Protein Ingredients market?
At Credence Research, our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most detailed analysis of the industry. The research process begins with extensive data mining, using authoritative sources such as trade magazines, technical publications, independent studies along with paid avenues.
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