Global Whey Protein Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Whey Protein Market (2024-2030):

According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Global Whey Protein Market.

Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 9%

·        Market Value (2023): USD 6.5 Billion

·        Market Value (2030): USD 19.2 Billion

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What are the major Driver the Global Whey Protein Market?

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.  

Global Whey Protein Market Segmentation

The Global Whey Protein Market analysis of MarkNtel Advisors 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
• By Region
• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

As per the regional aspect, the Global Whey Protein Market is expected to be dominated by the North America by capturing the potential market share. 

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Top Companies in the Global 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, and Others

Global 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.

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