Market Overview

The global whey protein market was valued at USD 11.79 billion in 2023 and is expected to grow from USD 12.64 billion in 2024 to USD 22.63 billion by 2032, reflecting a CAGR of 7.5% during the forecast period. North America led the market in 2023, holding a 35.96% share. In the U.S., the market is anticipated to expand significantly, reaching an estimated USD 5.11 billion by 2032, driven by increasing health awareness and growing consumer focus on daily protein intake.

Rising consumer awareness regarding a healthy diet is expected to boost consumer product demand. Further, growing innovations in protein manufacturing containing several amino acids may increase the product’s adoption. Moreover, robust demand for premium products may facilitate the product demand. In addition, the strong demand for premium products across the personal care industry is expected to propel industry development during the upcoming years.

List of Key Players Profiled in the Report

• Hilmar Cheese Company, Inc. (U.S.)
• Saputo Inc. (Canada)
• Glanbia plc (Ireland)
• Fonterra Co-operative Group Ltd. (New Zealand)
• Arla Foods (Denmark)
• Alpavit (Germany)
• Wheyco GmbH (Germany)
• Milk Specialties (U.S.)
• Carbery Group (Ireland)
• LACTALIS Ingredients (France)

Segments

By type, it is segmented into isolates, concentrates, and others. Based on application, it is classified into animal feed, food and beverages, and others. Geographically, it is clubbed into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage

The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.

Source: https://www.fortunebusinessinsights.com/whey-protein-market-106555

Drivers and Restraints