Whey Protein Market to Reach US$ 13.9 Billion by 2030, Boosted by Fitness Frenzy and Functional Focus, Says RationalStat Market Report

The global whey protein market is expected to reach US$ 13.9 billion by 2030, with an annual growth rate of more than 7.6%.

According to RationalStat's recent industry analysis, the Global Whey Protein Market value is estimated at US$ 8.3 billion in 2023 and is expected to rise at a strong CAGR of over 7.6% over the forecast period of 2023-2030.

Market Definition, Market Scope, and Report Overview

Whey protein is a high-quality protein derived from milk during the cheese-making process. It is a byproduct of the separation of milk into curds and whey. Whey protein is known for its complete amino acid profile, rich in essential amino acids, and easily digestible nature.

The global focus on health and wellness has driven the demand for nutritional supplements, including whey protein. Consumers are increasingly seeking products that support their overall well-being and fitness goals, contributing to the growth of the whey protein market.

According to a deep-dive market assessment by RationalStat, the global whey protein market has been analyzed on the basis of market segments, including product type, nature, end user, and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.

• Market intelligence for the global whey protein market covers market sizes on the basis of market value (US$/EUR Million), volume (Tons) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.

• In addition, the long-term sector and products/services 10-year outlook and its implications on the global whey protein market. It also includes the industry's current state - Production levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.

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Global Whey Protein Market: Segmental and Market Share Analysis

• On the basis of end user, sports nutrition segment dominated the global industry in 2022 and accounted for highest revenue share of more than 20%.

Report Synopsis
Report Metrics Details
Base Year 2023
Forecast Period 2023-2030
Base Year Market Size US$ 8.3 billion
Market Size Forecast US$ 13.9 billion
Growth Rate 7.6%
Dominant Segment Sports Nutrition
Dominant Region North America

Key Market Drivers
• Rising interest in sports nutrition
• Growing trends of health and wellness

Companies Profiled
• Hilmar Cheese Company
• Alpavit
• Maple Island Inc
• Glanbia
• Wheyco GmbH
• Saputo Inc
• Fonterra Cooperative Group Ltd
• Milk Speciality Globals
• Milkaut SA
• Davisco Foods International Inc.

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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.

• In November 2021: Arla Foods released a five-year plan that reaffirmed its resolve to develop dairy products that are environmentally friendly and to expand the company in a responsible manner. The company's global, specialized, high-quality milk and whey ingredients business is one of its strategies.

Some of the prominent players and suppliers operating and contributing significantly to the global whey protein market growth include Hilmar Cheese Company, Alpavit, Maple Island Inc, Glanbia, Wheyco GmbH, Saputo Inc, Fonterra Cooperative Group Ltd, Milk Speciality Globals, Milkaut SA, and Davisco Foods International Inc., among others.

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RationalStat has segmented the global whey protein market based on product type, nature, end user and region
• Global Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Product Type
o Whey Protein Concentrate
 WPC 35
 WPC 80
o Whey Protein Isolate
o Whey Protein Hydrolysates
• Global Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Nature
o Organic
o Conventional
• Global Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by End User
o Infant Formula and Baby Foods
o Dietary Supplements
o Food Processing
o Sports Nutrition
o Beverages
o Others
• Global Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Region
o North America Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 US
 Canada
o Latin America Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Brazil
 Mexico
 Rest of Latin America
o Western Europe Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 Russia
 Poland
 Hungary
 Other CIS Countries
 Rest of Eastern Europe
o Asia Pacific Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 China
 Japan
 India
 South Korea
 Australia
 ASEAN
• Indonesia
• Thailand
• Philippines
• Vietnam
• Malaysia
• Rest of ASEAN
 Rest of Asia Pacific
o Middle East & Africa Whey Protein Market Value (US$ Million), Volume (Tons) and Market Share (2019-2030) Analysis by Country
 GCC
• Saudi Arabia (KSA)
• United Arab Emirates (UAE)
• Rest of the GCC
 South Africa
 Nigeria
 Turkey
 Rest of the Middle East & Africa

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Key Questions Answered in the Whey Protein Report:
• What will be the market value of the global Whey Protein market by 2030?
• What is the market size of the global Whey Protein market?
• What are the market drivers of the global Whey Protein market?
• What are the key trends in the global Whey Protein market?
• Which is the leading region in the global Whey Protein market?
• What are the major companies operating in the global Whey Protein market?
• What are the market shares by key segments in the global Whey Protein market?

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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts' viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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RationalStat LLC
Kimberly Shaw,
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RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client's needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.

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