Market Overview:
The global whey product market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for whey protein and other whey products from the food and beverage industry. Whey protein is used as a nutritional supplement and is considered as one of the best sources of high-quality protein. It helps in muscle development, weight loss, and improving overall health. The other applications of whey products include use in infant formula, functional drinks, meat processing, and others. The North American region dominates the global whey product market followed by Europe due to the presence of major players such as Glanbia plc (U.S.), Fonterra Co-operative Group Ltd.(New Zealand), Arla Foods amba (Denmark), Associated Milk Producers Inc.(U.S.), Dairy Farmers Of America Inc.(U.S.
Product Definition:
Whey product is a by-product of cheese production. Whey protein accounts for about 20% of the total protein in cow's milk and it is a high-quality source of protein because it contains all the essential amino acids in the right proportions. Whey proteins are also rich in branched chain amino acids (BCAAs), which are important for athletes because they help muscles recover after strenuous exercise.
Ricotta Cheese:
Ricotta cheese is a type of fresh cheese made from cow's milk. It has a low fat content and high water content. Ricotta is used in various dishes like Lasagna, Croquettes, etc., to give it the consistency required for cooking.
Whey Protein:
Whey protein is a type of protein derived from milk. It contains amino acids and is used in various food products such as ice creams, baked goods, beverages, etc. The market for whey product consists of frozen desserts (ice cream & yogurt), baked goods (donuts & cakes), dairy alternatives, sports nutrition and other niche segments like alcoholic beverages and pet foods among others.
Application Insights:
The young animal feed segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The product is widely used as an additive in dairy products such as milk, yogurt, cheese and ice cream due to its nutritional benefits including protein, calcium, phosphorus and sodium. Furthermore, it plays a key role as an essential element for growing animals during early stages of their development owing to its vital functions including cell growth & division; maintenance of bone strength; brain development; vision & hearing system function improvement; digestive health improvement along with other functions improving metabolism rate among others.
Regional Analysis:
Europe was the largest regional market in 2017 owing to high demand for protein-based nutritional products. The region is expected to maintain its dominance over the forecast period due to growing population and rising health awareness among consumers. Asia Pacific is projected to be the fastest-growing regional market from 2018 to 2030 on account of increasing product consumption in countries, such as China, Japan, India, and Australia. Moreover, rising disposable income levels will drive product demand further.
The growth of key end-use industries including food processing & manufacturing; infant nutrition; sports nutrition; pharmaceuticals; nutraceuticals etc., will boost whey product sales across various regions during the forecast period.
Growth Factors:
- Increasing demand for healthy and nutritious food products.
- Rising awareness about the health benefits of whey protein among consumers.
- Growing popularity of fitness regimes and workout programs across the globe.
- Proliferation of online retail channels that offer a wide variety of whey protein products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Whey Product Market Research Report
By Type
Ricotta Cheese, Whey Protein, Whey Powder, Lactose, Other
By Application
Young Animal Feed, Infant Formula, Functional Drink, Meat Processing, Other
By Companies
Fonterra, Murray Goulburn, Valio, Euroserum, Glanbia Nutritionals, Davisco Foods Internationa, Land O'Lakes, China Animal Husbandry Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Whey Product Market Report Segments:
The global Whey Product market is segmented on the basis of:
Types
Ricotta Cheese, Whey Protein, Whey Powder, Lactose, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Young Animal Feed, Infant Formula, Functional Drink, Meat Processing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Fonterra
- Murray Goulburn
- Valio
- Euroserum
- Glanbia Nutritionals
- Davisco Foods Internationa
- Land O'Lakes
- China Animal Husbandry Group
Highlights of The Whey Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ricotta Cheese
- Whey Protein
- Whey Powder
- Lactose
- Other
- By Application:
- Young Animal Feed
- Infant Formula
- Functional Drink
- Meat Processing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Whey Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Whey is a by-product of the cheese making process. It is a high quality protein that contains all nine essential amino acids. Whey can be used in baking, smoothies, and other recipes as an alternative to milk or other dairy products.
Some of the key players operating in the whey product market are Fonterra, Murray Goulburn, Valio, Euroserum, Glanbia Nutritionals, Davisco Foods Internationa, Land O'Lakes, China Animal Husbandry Group.
The whey product market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whey Product Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Whey Product Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Whey Product Market - Supply Chain
4.5. Global Whey Product Market Forecast
4.5.1. Whey Product Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Whey Product Market Size (000 Units) and Y-o-Y Growth
4.5.3. Whey Product Market Absolute $ Opportunity
5. Global Whey Product Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Whey Product Market Size and Volume Forecast by Type
5.3.1. Ricotta Cheese
5.3.2. Whey Protein
5.3.3. Whey Powder
5.3.4. Lactose
5.3.5. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Whey Product Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Whey Product Market Size and Volume Forecast by Application
6.3.1. Young Animal Feed
6.3.2. Infant Formula
6.3.3. Functional Drink
6.3.4. Meat Processing
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Whey Product Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Whey Product Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Whey Product Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Whey Product Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Whey Product Demand Share Forecast, 2019-2026
9. North America Whey Product Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Whey Product Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Whey Product Market Size and Volume Forecast by Application
9.4.1. Young Animal Feed
9.4.2. Infant Formula
9.4.3. Functional Drink
9.4.4. Meat Processing
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Whey Product Market Size and Volume Forecast by Type
9.7.1. Ricotta Cheese
9.7.2. Whey Protein
9.7.3. Whey Powder
9.7.4. Lactose
9.7.5. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Whey Product Demand Share Forecast, 2019-2026
10. Latin America Whey Product Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Whey Product Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Whey Product Market Size and Volume Forecast by Application
10.4.1. Young Animal Feed
10.4.2. Infant Formula
10.4.3. Functional Drink
10.4.4. Meat Processing
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Whey Product Market Size and Volume Forecast by Type
10.7.1. Ricotta Cheese
10.7.2. Whey Protein
10.7.3. Whey Powder
10.7.4. Lactose
10.7.5. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Whey Product Demand Share Forecast, 2019-2026
11. Europe Whey Product Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Whey Product Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Whey Product Market Size and Volume Forecast by Application
11.4.1. Young Animal Feed
11.4.2. Infant Formula
11.4.3. Functional Drink
11.4.4. Meat Processing
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Whey Product Market Size and Volume Forecast by Type
11.7.1. Ricotta Cheese
11.7.2. Whey Protein
11.7.3. Whey Powder
11.7.4. Lactose
11.7.5. Other
11.8. Basis Point Share (BPS) Analysis by Type
1.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Whey Product Demand Share, 2019-2026
12. Asia Pacific Whey Product Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Whey Product Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Whey Product Market Size and Volume Forecast by Application
12.4.1. Young Animal Feed
12.4.2. Infant Formula
12.4.3. Functional Drink
12.4.4. Meat Processing
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Whey Product Market Size and Volume Forecast by Type
12.7.1. Ricotta Cheese
12.7.2. Whey Protein
12.7.3. Whey Powder
12.7.4. Lactose
12.7.5. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Whey Product Demand Share, 2019-2026
13. Middle East & Africa Whey Product Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Whey Product Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Whey Product Market Size and Volume Forecast by Application
13.4.1. Young Animal Feed
13.4.2. Infant Formula
13.4.3. Functional Drink
13.4.4. Meat Processing
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Whey Product Market Size and Volume Forecast by Type
13.7.1. Ricotta Cheese
13.7.2. Whey Protein
13.7.3. Whey Powder
13.7.4. Lactose
13.7.5. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Whey Product Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Whey Product Market: Market Share Analysis
14.2. Whey Product Distributors and Customers
14.3. Whey Product Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Fonterra
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Murray Goulburn
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Valio
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Euroserum
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Glanbia Nutritionals
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Davisco Foods Internationa
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Land O'Lakes
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. China Animal Husbandry Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
