DUBLIN – (BUSINESS WIRE)–That “Forecast of the Whey Protein Powder Market until 2027 – Impact of COVID-19 and Global Analysis by Type; Application; Distribution Channels, and Geography” a report was added to ResearchAndMarkets.com offerings.
The global whey protein powder market is valued at US $ 10,252.9 million in 2018 and is expected to grow at a CAGR of 6.2% from 2019 to 2027 to reach US $ 17,522.4 million in 2027.
The COVID-19 outbreak first began in Wuhan (China) during December 2019 and has since spread rapidly throughout the world. As of March 2020, China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US were among the worst affected countries in terms of confirmed cases and reported deaths. Outbreaks have affected the economy and industry in various countries due to lockouts, travel bans, and business closures. The global food processing industry is one of the main industries that are experiencing serious disruptions such as factory closures, supply chain terminations, technology event cancellations, and office closures due to this outbreak.
The whey protein powder market, based on application, is segmented into food & beverage, animal feed, and others. The food & beverage segment accounted for the largest share of the global whey protein powder market in 2018, while other segments were expected to record the fastest growth rates during the forecast period. Along with managing weight loss and lowering cholesterol, whey protein powder is beneficial in increasing bone density and reducing the risk of heart disease and stroke. It serves as an inexpensive alternative to expensive dairy ingredients such as cream, butter, fat, and cheese. It is also an alternative for eggs in certain applications such as dressings, mayonnaise and non-rising roasted foods, and is therefore used globally in the food industry. Various drinks, such as regular whey drinks, concentrated fruit-based whey drinks, depreciated whey drinks, whey protein-enriched whey drinks, whey-based soups, and diet drinks and drinks with hydrolyzed lactose, are produced using whey protein.
The food & beverage segment is then divided into baby formula, sports nutrition & diet, bread & confectionery, milk, and others. Among all five segments, the baby formula segment holds the largest market share in 2018 and the bakery & confectionery segment is expected to record the fastest growth rate during the forecast period. Many formula milk producers include whey protein powder in their formulations because whey serves all types of food benefits. High quality whey protein powder forms such as isolates are easily mixed with liquid. In addition, whey is produced from milk, which is mainly consumed by infants. Alpha-lactalbumin, a type of whey protein, when added to infant formula proved to be very nutritionally important. The American Academy of Pediatrics reports that about 60% of the protein found in breast milk is whey protein.
The whey protein powder market is broadly segmented to North America, Europe, Asia Pacific (APAC), South America (SAM), the Middle East & Africa (MEA). In 2018, Europe holds the largest share of the global whey protein powder market, followed by North America. The other whey protein powder market in Europe is estimated to be the largest. The demand for whey protein in other Europe is expected to increase due to increased investment in research and development by producers along with the increasing number of applications such as food and beverages, pharmaceuticals, and others. Also, strong growth in product offerings has had an impact on market growth throughout Europe.
Reasons to Buy
Highlight key business priorities to help companies realign their business strategies.
Key finding features and progressive industry trends are important in the global whey protein powder market, thus enabling players to develop effective long-term strategies.
Develop / modify business expansion plans by using substantial growth offerings from developed and developing markets.
Research in-depth market trends and key market movers and restraints.
Improve decision making processes by understanding strategies that sustain commercial interests in relation to product, segmentation, and industry verticals.
Increasing demand from formula milk producers
Sports nutrition industry that is developing
Side Effects Related to Consumption of Whey Protein
The growing popularity of the food format that is emerging
Substitution for Gluten and Eggs in the Bread Industry
Clover Fonterra material
Hilmar Cheese Company
Leprino Food Company
Saputo Dairy Australia Pty Ltd
For more information about visiting this report https://www.researchandmarkets.com/r/pz0oys
to request modification Contact us at Here or [email protected]