According to Markntel Advisors Report, US Whey Protein Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Whey protein is a high-quality protein derived from whey, the liquid portion of milk that separates during cheese production. It is rich in essential amino acids and bioactive compounds, making it a popular dietary supplement for muscle building, weight management, and overall health and fitness.
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Global US Whey Protein Market Research Report & Summary:
The US Whey Protein Market is estimated to grow at a CAGR of around 8% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the US Whey Protein Market?
The top companies of the US Whey Protein Market ruling the industry are:
Hilmar Cheese Company, Inc., Glanbia PLC, Arla Foods Ingredients Group P/S, Fonterra Co-Operative Group Limited, Carbery Group, LACTALIS Ingredients, Agropur Cooperative, Saputo Inc., Nestle S.A., AS-IT-IS Nutrition, Davisco, and Others
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US 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.
What is Included in US Whey Protein Market Segmentation?
The US Whey Protein Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-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
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Market Dynamics -Global US Whey Protein Market:
Health Consciousness and Rising Disposable Income Synergistically Drive the Growth of The US Whey Protein Market- Driven by increased health education and a desire for improved quality of life there is a growing emphasis on healthier lifestyles. This has proactively led consumers to integrate protein supplements like whey into their diets. Also, the old age population in the US is growing and this is expected to positively impact the Whey Protein Market. For instance, as per the Population Reference Bureau, it is projected that the number of Americans ages 65 and older will increase from 58 million in 2022 to 82 million by 2050. The increase in the old-age population would contribute to an increased demand for whey protein products due to the increased risk for Sarcopenia which is the loss of muscle mass due to the natural aging process coupled with a desire for improved quality of life among older adults.
Further, increasing disposable personal income has allowed these individuals to spend more on their health. For instance, as per the US Bureau of Economic Analysis, personal income in the US increased from USD21,284.0 billion in 2021 to USD23,315.9 billion in 2023. Due to high disposable income individuals were able to afford premium-priced whey protein products. Consequently, manufacturers also targeted these affluent consumers with higher-quality whey protein offerings, specialized formulations, and premium packaging, potentially driving market growth and innovation in the US Whey Protein Market.
Therefore, owing to the above-mentioned factors the market for Whey Protein in the US would continue to witness prosperity during the forecasting years.
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