Whey Protein Market Poised for Robust Growth, forecasted to Expand at 9% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Global Whey Protein Market size was valued at USD 6.5 Billion in 2023 and is projected to reach USD 19.2 Billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30.

Report Coverage

This report offers a comprehensive analysis of the Whey Protein Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Whey Protein Market Overview

Along with this, the market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30. The Whey Protein Market has expanded, attributed to the increasing number of overweight and obese populations across the globe. For instance, according to the World Health Organization, globally in 2022, about 2.5 billion adults aged 18 years and older were overweight and of these, 890 million were living with obesity. Further, as per the World Obesity Federation, it has been estimated that by 2030, about one billion people globally, including 1 in 5 women & 1 in 7 men, will be living with obesity.

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Whey Protein Market Segmentation Outlook

The Whey Protein is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product Type

• Whey Protein Concentrate (WPC)- Market Size & Forecast 2019-2030, USD Million
• Whey Protein Isolate (WPI)- Market Size & Forecast 2019-2030, USD Million
• Whey Protein Hydrolysate (WPH)- Market Size & Forecast 2019-2030, USD Million

By Application

• Sports Nutrition- Market Size & Forecast 2019-2030, USD Million
• Food & Beverages- Market Size & Forecast 2019-2030, USD Million
• Dietary Supplements- Market Size & Forecast 2019-2030, USD Million
• Animal Feed- Market Size & Forecast 2019-2030, USD Million

By Distribution Channel

• Online Stores- Market Size & Forecast 2019-2030, USD Million
• Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD Million
• Pharmacies- Market Size & Forecast 2019-2030, USD Million
• Specialty Stores- Market Size & Forecast 2019-2030, USD Million

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Whey Protein Market Driver

Growing Health Consciousness to Thrive the Industry Growth – Increased awareness about health & fitness, coupled with the desire for muscle gain, weight loss, and overall well-being has led consumers to integrate protein supplements like whey into their diets proactively. The numerous health benefits of whey protein, including its pivotal role in muscle building, weight management, and immune system support have propelled its demand among these health-conscious individuals. It is a versatile option that aligns with diverse dietary preferences and fitness goals.

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Top Whey Protein Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies ALPAVIT, Hilmar Cheese Company, Inc., Glanbia PLC, wheyco GmbH, Arla Foods Ingredients Group P/S, Milk Specialties Global, Fonterra Co-Operative Group Limited, Carbery Group, LACTALIS Ingredients, Agropur Cooperative, Saputo Inc., Nestle S.A., NOW® International, MusclePharm, AS-IT-IS Nutrition, and Others as key players shaping the market landscape.

Whey Protein Market News

• 2024: Nestlé SA debuted its first precision fermentation dairy protein powder, an animal-free and lactose-free whey isolate product dubbed Better Whey under the Orgain brand in the US.
• 2024: SCI-MX, launched a new Clear Whey Protein Isolate in the UK.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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