(Food-Beverage-News.Com, February 15, 2018 ) Market Data Forecast has announced the addition of the “Whey Protein Market by Type (Whey protein concentrate (WPC), Whey protein isolate and Whey protein hydrolysate) by Application (Dairy, Bakery, Dietary supplements, Confectionery, Pharmaceuticals and Instant formula), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" report to their offering. The Global Whey Protein Market was priced $7.8 billion in 2016 and calculable to be growing at a CAGR of 7.1%, to achieve $10.99 billion by 2021, within the mentioned forecast period. Whey Proteins are obtained from whey and it is a liquid material that is developed as a by-product of cheese production. Whey protein is widely used in many industries like feed, health care, food, nutritional, and personal care, pharmaceutical business. Whey protein provides numerous advantages like stress reduction, weight-management supplements, cancer fighting capability, increased muscle growth and muscle protein synthesis that supports the sports nutrition sector, improvement of the immune system, diet support.
The marketplace for whey protein is especially driven by some factors like Body builders usually consume whey protein in order to increase their muscles and increasing demand from functional food and dairy industries. Additionally, Factors like increasing health awareness among customers, rise in health clubs and fitness centers, senior citizens with poor appetites tending to consume protein shakes to complete their nutrition diet and high demand for milk-based ingredients in skin and hair care cosmetics.
However, rising prices of the whey protein products and over dose of whey protein are restraining the world whey protein market. Over dose of whey protein has many adverse effects that include diarrhoea, thrust, bloating and cramps, rising disposable incomes.
The fragmentation of Global Whey Protein market is done on the basis of type and application. On the idea of type, the Global Whey Protein market is classified as Whey protein isolate, Whey protein concentrate (WPC), and Whey protein hydrolysate. Whey protein concentrate (WPC), that is high in lactose and low in protein leads the market with the highest range of shares. It is primarily utilized in the production of nutritional supplements and protein beverages. On the basis of application, the Whey protein market is divided into Dietary Confectionery, Pharmaceuticals, Dairy, and Bakery, and Instant formula, supplements. Dietary supplements sector is the largest phase and expected to remain constant within the forecast period.
On the principle of geographical analysis, the worldwide market is classified into varied regions namely Middle East, North America, Europe, Latin America, and Asia-Pacific, Africa. North America has the largest market share in the whey protein products that are closely followed by Europe. Asia-Pacific is that the quick growing whey protein ingredients market as a result of the increasing number of health conscious customers and rising income.
.Some of the prominent companies dominating the Global whey Protein market are Milk Specialties Global, DMK Group, Arla Foods, American Dairy Products Institute, Agropur MSI, Maple Island, Hilmar Cheese Company, Davisco Foods International, Inc., and Glanbia.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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