Africa Whey Protein Market - Growth, Trends and Forecast (2017 - 2022)
Whey is a liquid material procured from manufacturing of cheese. It is a mixture of beta-lactoglobulin, immunoglobins, bovine serum albumin and alpha-lactalbumin. Whey protein can be of three primary types: whey protein concentrate (WPC), whey protein isolate (WPI) and hydrolyzed whey protein (HWP). It has come a long way from being a by-product to becoming one of the highly sophisticated industries functioning in food/food derivatives segment today.
African market is facing severe concerns related to food safety and food security. The market for whey proteins is still in a nascent stage owing their high pricing and quality concerns. However, the calorie-conscious consumer preference for protein-enriched foods, coupled with increasing retail sales of whey proteins products is expected push African region towards considerable growth rates. Africa whey protein market is projected to grow at a CAGR of 2.3% during the forecasted period of 2015-2020.
South Africa, with its matured, organized retail sector, is expected to push shelf space for whey protein products, thus holding a major share in the African region. The South African dairy industry produces 200 million liters of milk per month, translating into 2.4 billion liters of milk per year, thus addressing growing demand for proteins in the region. Other African countries of Namibia, Nigeria and Botswana are expected to see increase in demand for processed foods such as bakery & confectionery, snacks and others, due to rising tourist population.
Agropur MSI, American dairy Products institute, Arla Foods, DMK Group,Milk Specialities Global are some major players in the industry. Their product portfolio, research & development, strategic initiatives and commitment towards meeting consumer's demands play a major role maintaining market stability.
In this report we offer,
Market definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the Africa whey protein market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of macro and micro factors that affect the Africa whey protein market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why should you buy this report?
For getting a comprehensive overview of the Africa whey protein market
To gain wide-ranging information about the major players in this industry and the strategies adopted by them.
To gain insight on major countries/regions where the industry is blooming and also to identify the untapped regions.