Market Overview

The Global Whey Protein Market was valued at USD 6,537.2 million in 2023 and is expected to reach USD 14,509.8 million by 2031 while growing at a CAGR of 10.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global whey protein market growth. Whey protein, a high-quality protein sourced from the liquid byproduct of cheese-making, is separated during cheese production. It is renowned for its excellent amino acid profile, high biological value, and rapid absorption, making it a popular dietary supplement and food ingredient.

Increasing demand for sports nutrition and the expansion of the fitness industry drive the growth of the whey protein market. However, obstacles like allergen concerns and alternative protein sources may hinder market expansion.

Furthermore, the global whey protein industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Whey Protein Market is segmented among Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein, based on Type. In 2023, Whey Protein Concentrate accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Whey Protein Market is segmented among Sports and Performance Nutrition, Infant Formula, Functional/Fortified Food, Food Additives, and Feed Application, based on Application. In 2023, Sports and Performance Nutrition accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Whey Protein Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Agropur MSI, LLC, Arla Foods, Carbery Group Ltd., FrieslandCampina, Glanbia Nutritionals PLC, Fonterra Group, Hilmar Cheese Company, Lactatis Ingredients, and Saputo Inc.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Whey Protein Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Whey Protein Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Whey Protein Market Segmentation, By Type

• Global Whey Protein Market Share Analysis, By Type

• Global Whey Protein Market Growth Analysis, By Type

• Global Whey Protein Market Trends, By Type

o Whey Protein Concentrate

o Whey Protein Isolate

o Hydrolyzed Whey Protein

6. Global Whey Protein Market Segmentation, By Application

• Global Whey Protein Market Share Analysis, By Application

• Global Whey Protein Market Growth Analysis, By Application

• Global Whey Protein Market Trends, By Application

o Sports and Performance Nutrition

o Infant Formula

o Functional/Fortified Food

o Food Additives

o Feed Application

7. Global Whey Protein Market Segmentation, By Region

• Global Whey Protein Market Share Analysis, By Region

• Global Whey Protein Market Growth Analysis, By Region

• Global Whey Protein Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Agropur MSI, LLC*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Arla Foods

• Carbery Group Ltd.

• FrieslandCampina

• Glanbia Nutritionals PLC

• Fonterra Group

• Hilmar Cheese Company

• Lactatis Ingredients

• Saputo Inc       

 *Similar analysis will be provided for each company listed above.