Global Whey Protein Ingredients Market 2017-2021
About Whey Protein Ingredients
The global functional food and nutraceuticals market is the immediate parent market of the global whey protein ingredients market. Owing to the rising inclination toward health and fitness, consumers across countries are purchasing products that contain high amount of protein. The inclination toward health and wellness trend is going to rise in the coming years and it is favorable for the global whey protein ingredients market. The sales of whey protein ingredients are anticipated to increase during 2017-2021.
Technavio’s analysts forecast the global whey protein ingredients market to grow at a CAGR of 10.02% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global whey protein ingredients market for 2017-2021. To calculate the market size, the report considers the sales of various whey protein ingredients such as whey protein concentrates, whey protein isolates, hydrolyzed whey protein and other whey protein ingredients.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Whey Protein Ingredients Market 2017-2021
Technavio recognizes the following companies as the key players in the global whey protein ingredients market: Agropur (Davisco Business Unit), Arla Foods, Fonterra Co-operative Group, Milk Specialties, and Glanbia.
Other Prominent Vendors in the market are: AMCO Proteins, Hilmar Ingredients, Sports Supplements, and Wisconsin Milk Marketing Board.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for whey protein ingredients in infant products. Whey protein ingredients are increasingly used in infant products owing to their health benefits. Countries such as China, Vietnam, and Saudi Arabia are giving more importance to the use of whey protein ingredient products for child nutrition. Owing to this increasing demand for whey protein ingredients in infant products, a lot of manufacturers are coming up with a wide range of products.”
According to the report, one driver in the market is increasing demand from industrial users. Various industrial users prefer to use whey proteins as an ingredient in various products owing to their multi-functionality. Whey proteins possess multi-functional properties such as water binding, solubility, gelation, foaming, and emulsification. These properties are enticing manufacturers to use different types of whey proteins in their production process. It is possible to produce various types of whey proteins with multiple nutritional values using technologies such as micro-filtration, ultra-filtration, ion exchange, and reverse osmosis.
Further, the report states that one challenge in the market is high price of whey protein products. The increasing price of whey protein products is a challenge to the global whey protein ingredients market. The problem with the high prices of whey proteins starts with the milk supply as whey is made from milk. As the demand for milk is increasing across countries such as China, Russia, the US, Germany, and others, only a small portion of the milk is going to cheese manufacturing plants to make whey. In addition, the milk has to undergo several filtration processes in the plant, which is contributing to the high prices of whey proteins.
Agropur (Davisco Business Unit), Arla Foods, Fonterra Co-operative Group, Milk Specialties, Glanbia, AMCO Proteins, Hilmar Ingredients, Sports Supplements, and Wisconsin Milk Marketing Board.