The worldwide Hydrolyzed whey protein market is expected to be valued at US$ 4,749.7 million in 2023 and is expected to reach US$ 8,175.5 million by 2033. A CAGR worth 5.6% is expected for the market during the 2023 to 2033 forecast period. Developing wellbeing cognizance among individuals, an expansion in the quantity of wellness habitats and fitness centers, and an expansion in the accessibility of hydrolyzed whey protein in coordinated retails are factors adding to the development of the Hydrolyzed Whey Protein Market.
The overall global Hydrolyzed Whey Protein market is expected to witness an intangible growth in terms of CAGR. Whey protein is globular proteins mixture that is isolated from whey, which is the liquid by-product obtained from cheese production. Whey protein is used as dietary supplement and is attributed as alternative medicines for many health issues. Whey is the leftover product obtained by milk coagulation during cheese production, which consists of all substances soluble from milk after the pH 4.6. Whey is a 5% solution of lactose in water along with lactalbumin and minerals.
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Hydrolyzed whey is whey protein that is processed by treating it with acid conditions and high heat to isolate the protein. It is typically composed of 90 to 95% whey protein. This process creates small peptides, or bonds that link the amino acids. This, in turn, makes hydrolyzed whey protein easy for the body to absorb.
Global Hydrolyzed Whey Protein Market: Segmentation
Global Hydrolyzed Whey Protein market can be segmented on the basis of end use, sales channel
Global Hydrolyzed Whey Protein market can be further segmented on the basis of end use into food and beverages, health supplements and pharmaceuticals. Food and beverages segment is further sub segmented into infant foods, bakery, confectionery, functional beverages, snacks and dairy products.
On the basis of sales channel global Hydrolyzed Whey Protein market can be further segmented into direct and indirect. The indirect sales channel can be further sub segmented into Supermarket, hypermarket, specialty stores, drug retail stores and e retailers.
Global Hydrolyzed Whey Protein Market: Drivers, Restraints, and Trends
The incredible change in lifestyles, raising awareness of health, a surge in consumption of sports nutrition products, bakery and confectionery products is witnessed to expand the growth of global hydrolyzed whey protein market. Furthermore, the rise in demand for dairy products, growing concerns regarding fitness among consumers, increase in the market for pediatric foods are expected to boost the growth of global hydrolyzed whey protein market.
Additionally, growing trends of ready to drink and ready to cook foods, demand for geriatric dietary supplements, and rise in awareness of personal care, beauty consciousness, and bodybuilding are expected to propel the growth of whey protein market. On the other hand, high manufacturing costs and a high price of whey protein, the stringent regulatory framework for the marketing of whey proteins and lack of awareness regarding the benefits of whey protein are restraining of the whey protein market.
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Despite of a numerous drivers for the market, the market still faces a challenge of the growth retardation by certain restraints. One of the most important restraint for the market is the high processing and manufacturing cost of the Hydrolyzed Whey Protein.
There are certain health related concerns with the Hydrolyzed Whey Protein which have hindered the consumers in building a complete trust over the protein powders which stunt the growth of the global Hydrolyzed Whey Protein market. Another important factor which restricts this market to flourish is the stringent regulatory concerns and required certifications for marketing whey protein.
Apart from all these restraints, the rising scope of Hydrolyzed Whey Proteins in infant foods and several other food processing sectors are believed to drive the overall global Hydrolyzed Whey Protein market.
Global Hydrolyzed Whey Protein Market: Regional Outlook
Depending on the geographic regions, Global Hydrolyzed Whey Protein Market is segmented into seven key regions: North America, Latin America, West Europe, East Europe, Asia Pacific excluding Japan, Japan and MEA.
North America dominates the overall market for Hydrolyzed Whey Protein and holds a maximum share of the global Hydrolyzed Whey Protein market. U.S. is the major market in this region.
Asia Pacific whey protein market is growing rapidly owing to the growing health concerns and increase in the disposable income. Asia Pacific also holds a valuable market share of the global Hydrolyzed Whey Protein market.
The Europe Hydrolyzed Whey Protein market is expected to grow at an average rate owing to the increasing demand of food and beverages in the region.
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Global Hydrolyzed Whey Protein Market: Key Players
Some of the prominent players of Global Hydrolyzed Whey Protein Market are: Hilmar Ingredients, Fonterra, Saputo, Murray, Leprino food CO., Westland Milk producers, Glanbia Foods, Agropur Inc. and others.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Key Segments Profiled in the Hydrolyzed Whey Protein Market
By Product Form:
- Capsulated
- Powdered
By Application:
- Dietary Supplements
- Food & Beverages
- Pharmaceuticals
- Personal Care
By Sales Channel:
- Direct Sales
- Indirect Sales
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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