Whey Protein Market Share, Size and Future Projections 2024-2030FY

Markntel Advisors’ report, Whey Protein Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Whey Protein presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

Whey Protein Market Research Report & Market Summary:

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. 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 Dynamics:

Key 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.

In addition, personal trainers in Gyms and fitness centers often recommend whey protein to their clients as part of their nutrition and workout routines. This recommendation from fitness professionals has fueled the adoption of whey protein among health-conscious individuals seeking to optimize their performance and achieve their fitness goals. As a result, the Global Whey Protein Market has witnessed growth.

Whey Protein Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

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

The Sports Nutrition segment of the Whey Protein Market is anticipated to grow with the highest market share over the forecast period.

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

Online Stores experienced the highest growth in the Global Whey Protein Market. Online stores are gaining prominence owing to the increasing penetration of the internet & smartphones, affordable data plans, and improved network coverage, i.e., which has resulted in a surge in online shopping for daily needs, including whey protein products. Individuals can conveniently browse a wide variety of whey protein products from both domestic & international brands, including niche or specialized variants, compare prices, read product descriptions, & access customer reviews all in one place. Moreover, since online platforms frequently offer discounts, deals, and promotional offers on different products, including whey protein products, consumers find competitive pricing and often benefit from exclusive online discounts, bundle offers, or loyalty programs.

By Region

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

North America accounts for the largest share of the Global Whey Protein Market. The dominance has been attributed to the presence of a large number of obese and overweight individuals in the region.

As indicated in the latest market research report published by Markntel Advisors, “Whey Protein Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Whey Protein industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/whey-protein-market.html

Top Companies Operating in the Whey Protein Market:

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

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Frequently Asked Questions (FAQs)-

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