MarkNtel Advisors recently published a detailed industry analysis of the Whey Protein Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Whey Protein Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The 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.
What are the major Driver the Whey Protein industry?
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.
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What segments define the Whey Protein market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- 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
According to report, 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
According to report, Online Stores experienced the highest growth in the Global Whey Protein Market.
Explore the Complete Whey Protein Market Analysis Report – https://www.marknteladvisors.com/research-library/whey-protein-market.html
Geographical Analysis: Whey Protein Market
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Whey Protein Market Share & Competitive Landscape:
The Whey Protein Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Whey Protein Market are:
- 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
Whey Protein Industry Recent Development:
- 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.
Questions Addressed in this Study
1.What factors are driving the Whey Protein Market growth?
2.How is the Whey Protein Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Whey Protein Market?
4.What is the current size of the Whey Protein Market, and how is it projected to change in the future?
6.What is the future outlook for the Whey Protein Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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