Analyst Speak:“The Whey Protein Market is anticipated to reach about US$ -- Mn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to the rise in demand for dairy products, growing concerns regarding fitness among consumers.
Precision Business Insights (PBI) in its report titled “Whey Protein Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
Whey protein market segmented on the basis of application, type and regions.
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Whey Protein Isolate Segment Expected to Dominate the Market
On the basis of type, the market has been segmented into whey protein concentrates, isolate and hydrolysates. At present, whey protein isolate represents the most popular product type as it is one of the fast-absorbing sources of protein which assists in building lean muscles.
Pharmaceuticals and Nutritional Segment Will Dominate the Revenue Share.
Based on applications, the market has been classified as food and beverage, baby food, sports nutrition, pharmaceutical and clinical nutrition, animal feed and others. Amongst these, the pharmaceutical and clinical nutrition segment accounts for the majority of the market share due to increased advancement in technology.
North America, Accounts for Major Revenue Share for Whey Protein Market
Precision Business Insights (PBI), whey protein market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share owing to rise in production of whey protein, increase in awareness of health concerns among the consumers and inclination towards the protein diet intake.
Increased Production and Introduction of New Whey Protein Play Vital Role in Whey Protein Market
Key players in the market include Cargill Incorporation (U.S), Arla Foods (Denmark), Hilmar Cheese Company (U.S), Carbery food ingredients (Ireland), Fonterra Co-Operative Group Ltd (New Zealand), Glanbia plc (Ireland), Agropur (Canada), Dairy Farmers of America (U.S), Milk Specialities Global (U.S)and Maple Island Incorporation (U.S).
Detailed Segmentation
By Product Type
o Whey protein concentrate
o Hydrolysed whey protein
o Whey protein isolate
By Application
o Confectionary and bakery
o Nutraceuticals
o Dairy products
o Instant formula
o Dietary supplements
Geography
o North America
? U.S.
? Canada
o Europe
? Germany
? UK
? France
? Russia
? Spain
? Italy
? Rest of Europe
o Asia-Pacific
? China
? Japan
? India
? ASEAN
? Rest of Asia Pacific
o Latin America
? Brazil
? Mexico
? Argentina
? Chile
? Rest of Latin America
o Middle East and Africa
? South Africa
? Saudi Arabia
? Rest of MEA
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