Whey Protein Market: Projected Surge to US$ 40.3 Billion by 2033, Unveiling Trends and Opportunities in the Health and Fitness Industry

The global whey protein market is expected to grow at a prolific CAGR of 7.5% from 2023 to 2033. The target market is set to reach an estimated US$ 19.6 Billion in 2023. By 2033, the whey protein market will likely reach US$ 40.3 Billion. Rising demand for whey protein from the personal care, health, and wellness sector is expected to drive the growth of the whey protein market during the forecast period.

Whey protein will see greater demand in the coming years because it is a well-known type of protein with a high nutritional value. Bodybuilders and weightlifters typically take whey protein to promote lean muscle growth and muscle protein synthesis. Furthermore, current health and activity trends promote the growing demand for whey protein on the global market.

Comprehensive Report Sample
https://www.futuremarketinsights.com/reports/sample/rep-gb-14349

Whey protein differs from other protein sources in that the amino acids it contains are needed to the body. As a result, the market for whey protein as a fitness supplement is expected to grow in coming years. Furthermore, whey protein is in high demand in sports nutrition due to the increased needs of professional athletes and bodybuilders. Growing experiments in the food and beverage industry also help to boost the whey protein market. This is due to an increase in the number of health-conscious consumers looking for healthier options on the market.

Moreover, whey protein has been proven to moderate blood sugar levels to a specific extent, specifically when taken before or combined with high-carb meals. This is particularly beneficial for people who are at risk of type 2 diabetes. Hence, the market for whey proteins is undergoing heightened demand. Other factors like food fortification- where certain beneficial ingredients to a product to improve its functional properties- and protein standardization- where protein content in a food product is adjusted to either meet regulatory guidelines or enhance the functional properties of the product- also contribute to the growth of the whey protein market during the forecast period.

“Rising health consciousness, prevailing fitness trends, and popularity of sports nutrition will supplement the global growth of the whey protein market over the forecast period,” says an FMI analyst.

Key Takeaways:

  • The availability of adulterated and contaminated whey protein may stymie the market growth.
  • High demand for infant formula will drive the target market sales in Mexico.
  • The whey protein market in the United States will predicted a CAGR of 4.7% during the assessment period.
  • India’s whey protein market will grow at a CAGR of 11% during the forecast period.
  • By application, the nutrition and pharmaceutical sectors will dominate the global marketplace.
  • Whey protein isolated powder holds about 85% of the overall market demand.

Competitive Landscape 

Hilmar Cheese Company, Alpavit, Maple Island Inc., Glanbia, Wheyco Gmbh, Saputo Inc., Davisco Foods International Inc., Fonterra Cooperative Group Ltd., Milk Speciality Globals, and Milkaut SA among others are some of the major players in the whey protein market profiled in the full version of the report.

Key market participants are concentrating on various promotion strategies to generate awareness about the product and increase sales. These firms are also increasing their investments in research and development activities to develop their product portfolio.

Purchase the Report for Key Insights
https://www.futuremarketinsights.com/checkout/14349

More Insights into Whey Protein Market Report

In its latest report, FMI offers an unbiased analysis of the global whey protein market, providing historical data from 2022 to 2032 and forecast statistics for 2023 to 2033. To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (whey protein hydrolysates, whey protein isolates, whey protein concentrates (whey protein concentrates 35, whey protein concentrates 50, whey protein concentrates 60-80)), application (food and beverages, nutrition products and pharmaceuticals, feed applications, others), and region.

According to the latest FMI reports, based on segmentation, the nutrition products, and pharmaceutical application segment is expected to generate the highest demand over the projected period. In terms of product type, whey protein isolated powder will account for around 85% of the overall market demand owing to the growing consumer preference for including protein in regular and everyday foods.

Based on region, the whey protein market in India will exhibit substantial growth during the forecast period. The target market will record a CAGR of 11% in this country. This growth can be attributed to the rising interest in sports and fitness activities and an upsurge in consumers’ willingness to try new protein products. In addition to India, the United States and Mexico will also demonstrate considerable growth in the whey protein market during the projected period.

Key Segment

By Product Type:

  • Whey Protein Concentrate
    • WPC 35
    • WPC 80
  • Whey Protein Isolate
  • Whey Protein Hydrolysates

By Nature:

  • Organic
  • Conventional

By End Use:

  • Infant Formula and Baby Foods
  • Dietary Supplements
  • Food Processing
  • Sports Nutrition
  • Beverages
  • Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: 
sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these