Whey Protein Market is anticipated to grow at a CAGR of 6.5% during the forecast period. Whey protein is a mixture of beta-lactoglobulin, alpha-lactalbumin, bovine serum albumin, and immunoglobins. The younger generation across the globe is increasingly gaining interest in sports and fitness activities, thereby creating the demand for sports nutrition. Moreover, the sports drinks with whey protein content have been highly adopted by the sportspersons. As per the figures from the 51 National Federation of State High School Associations (NFHS), the number of participants in high school sports in 2017-2018 reached an all-time record high of 7,980,886, which includes the District of Columbia.
The number of boys participating in high school sports set a new standard at 4,565,580 and the number of girls reached an all-time high of 3,415,306. The rising number of sportspersons is supporting the adoption of whey protein supplements as it enables to increase the performance of the player. A properly planned nutritious diet meets an athlete’s mineral and vitamin needs and offers adequate protein to promote muscle repair and growth. As per the 2019 CRN Survey, protein is among the most popular ingredient in both the classes of sports nutrition and weight management, particularly among males and the 18–34-year age group. The use of protein continues to be higher among males as compared to females.
The protein use among supplement users (age 18-34) increased from 21% in 2015 to 39% in 2019. Among the age group, 35-54, the use of protein among supplement users increase from 15% in 2015 to 28% in 2019, whereas among people more than 55, it was increased from 7% in 2015 to 17% in 2019. Prevention against allergic conditions in infants, enriched nutrients and proteins, antioxidants defense, and reverse weight loss in people with HIV are the key benefits offered by the whey protein. The rising adoption of whey protein owing to its offered benefits is anticipated to drive the growth of the global whey protein market. However, the high cost of products and side effects associated with it may restrain the growth of the global market.
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Whey Protein Market Segmentation
By Product Type
· Whey Protein Concentrate
· Whey Protein Isolate
· Hydrolyzed Whey Protein
By Application
· Sports and Performance Nutrition
· Infant Formula
· Functional/Fortified Food
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North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
· Agropur, Inc.
· Alpavit (To Champignon-Hofmeister Company Group)
· Arla Foods Ingredients Group P/S
· Axiom Foods, Inc.
· Carbery Group
· Charotar Casein Company
· DMK Group
· EUROSERUM
· Fonterra Co-operative Group, Ltd.
· Friesland Campina Ingredients
· Glanbia plc
· Hilmar Cheese Company, Inc.
· LACTALIS Ingredients SNC
· Saputo Inc.
· Supley Laboratoriode Alimentos & Suplementos Nutriciona
· Titan Biotech, Ltd.
· Valio, Ltd.
· Westland Dairy Co., Ltd.
· Wheyco GmbH
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