The global whey market is examined in detail in the latest research report from Market Research Future (MRFR). The global whey market is profiled in the report with the help of a detailed review of the market’s historical growth trajectory as well as the market’s key growth drivers and restraints. The market’s major segments and leading players are also profiled in the report to provide readers with a comprehensive overview of the market’s current conditions and future growth prospects.

The growing demand and awareness about dairy products and their nutritional benefits has been a major driver for the global whey market analysis over the historical review period. Increasing health-consciousness among consumers and the growing dairy industry are likely to be major drivers for the global whey market over the forecast period. The dairy industry has grown in several countries around the world due to the growing demand for milk products as well as whey protein. The positive effects of whey on muscle building are well known and are likely to be a key factor driving the demand from the whey market over the forecast period. The growing popularity of bodybuilding and exercising among the urban population in developing countries is likely to be a major driver for the global whey market over the forecast period.

The growing utilization of whey in baby formulas is also likely to remain a major driver for the global whey market over the forecast period, as the number of well-informed and financially well-off mothers has grown rapidly over the last few years, leading to a growing demand for cutting-edge baby nutrition products created with the help of detailed research into the properties of the food and its suitability for infants. The growing popularity of functional beverages is also likely to be a major driver for the global whey market over the forecast period, as whey constitutes an important part of a wide range of functional beverages. Functional beverages have become popular among not just exercise enthusiasts, but also urban users looking for meal replacement or supplementation options and are likely to draw steady demand from the global whey market over the forecast period.

Competitive Analysis:

Leading players in the global whey market include Agropur MSI LLC, American Dairy Products Institute, Glanbia plc, Davisco Foods International Inc., Milk Specialties Global, DMK Group, Westland Co-operative Dairy Company, and Arla Foods.

Segmentation:

The global whey market is segmented based on type, application, and region.

By type, the global whey market is segmented into whey protein concentrate, hydrolyzed whey protein, whey protein isolate, and others. Whey protein concentrates are likely to dominate the global whey market due to their growing demand in functional beverages and other nutritional products.

By application, the global whey market is segmented into functional foods, dietary supplements, functional beverages, and others. Functional beverages are leading the global whey market and are likely to hold on to a dominant share in the market over the forecast period due to the growing demand for functional beverages from a wide range of consumer demographics.

Regional Analysis:

The global whey market is dominated by North America, followed by Europe, due to the growing demand for fitness-oriented foods and beverages in these two regions. The increasing demand for whey protein is likely to be crucial for the global whey market over the forecast period, as the popularity of bodybuilding and exercising is quite high in these two regions. Of the top five importers of whey in the world, four – the U.S., Canada, the UK, and Germany – are situated in either North America or Europe, with China emerging as the other leading importer of whey. China is likely to drive the whey market in Asia Pacific, leading to growth of the Asia Pacific market at the fastest growth rate over the forecast period.

Industry Updates:

In March 2019, Arla Foods launched a new whey protein beverage in 100 ml units. The beverage is also a healthy source of leucine, amino acids, and minerals.

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