A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Whey Protein Ingredients – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
Whey Protein Ingredients
Whey Protein Ingredients
FACTS AT A GLANCE
Edition: 18; Released: April 2021
Executive Pool: 2173
Companies: 19 – Players covered include Arla Foods Ingredients Group P/S; Carbery Food Ingredients; Cargill Inc.; Dairy Farmers of America Inc.; Davisco Foods International Inc.; Foremost Farms USA; Glanbia Plc; Grande Custom Ingredients Group; Hilmar Cheese Company; MG Nutritionals; Royal FrieslandCampina; Valio Ltd.; Volac International Ltd. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Whey Protein Concentrate, Whey Protein Isolate, Hydrolyzed Whey Protein, Demineralized Whey Protein)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Whey Protein Ingredients Market to Reach $15.4 Billion by 2026
Amid the COVID-19 crisis, the global market for Whey Protein Ingredients estimated at US$9.7 Billion in the year 2020, is projected to reach a revised size of US$15.4 Billion by 2026, growing at a CAGR of 7.8% over the analysis period. Whey Protein Concentrate, one of the segments analyzed in the report, is projected to record a 8.9% CAGR and reach US$6.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Whey Protein Isolate segment is readjusted to a revised 7.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.8 Billion in 2021, While China is Forecast to Reach $3.4 Billion by 2026
The Whey Protein Ingredients market in the U.S. is estimated at US$2.8 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.4 Billion by the year 2026 trailing a CAGR of 11.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5% CAGR.
Hydrolyzed Whey Protein Segment to Reach US$3.1 Billion by the year 2026
In the global Hydrolyzed Whey Protein segment, USA, Canada, Japan, China and Europe will drive the 7.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.5 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More