The global whey basic protein isolates market size is expected to reach USD 431.5 Million in 2022 and exhibit steady growth at a CAGR of 16.6% in the forecast period from 2022 to 2032.
Increasing public awareness in various parts of the globe regarding health and wellness is set to drive sales of whey basic protein isolates in the future.
As per FMI, the global basic protein isolates market is anticipated to be valued at USD 956.2 Million in 2032. A rising number of health problems associated with obesity and malnutrition globally are encouraging governments to push the consumption of whey protein ingredients, including isolates.
Report Attribute | Details |
---|---|
Whey Basic Protein Isolates Market Estimated Base Year Value (2021) | USD 358.1 Million |
Whey Basic Protein Isolates Market Expected Market Value (2022) | USD 431.5 Million |
Whey Basic Protein Isolates Market Anticipated Forecast Value (2032) | USD 956.2 Million |
Whey Basic Protein Isolates Market Projected Growth Rate (2022 to 2032) | 16.6% CAGR |
Whey basic protein isolates are produced by reducing the carbohydrate and fat content of whey. These have lower carbohydrate content, as well as lower lactose content.
Surging cases of lactose intolerance are projected to contribute to global market growth. According to the National Institutes of Health (NIH), nearly 36% of people in the USA suffer from lactose malabsorption, whereas approximately 68% of the global population has lactose malabsorption.
The rapid expansion of the food and beverage industry and the emergence of novel products developed by key players are some of the other factors that would propel the demand for whey basic protein isolates in the global market.
Besides, the need to reduce the risk of cardiovascular diseases among people is anticipated to foster the consumption of supplements infused with whey basic protein isolates.
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Increasing participation of the young generation in sports and fitness activities across the globe is one of the major factors that are likely to foster the global whey basic protein isolates market growth in the evaluation period.
A surging number of fitness clubs and high demand for nutritional food and beverages among the millennial population are also projected to push the market.
The rising utilization of whey basic protein isolates in bakery and confectionery products backed by their ability to emulsify and thicken these products is anticipated to drive growth. Isolates also help in improving the water-binding, gelation, nutritional fortification, and solubility properties of bakery and confectionery products.
Though whey protein isolates are considered to be a crucial part of a healthy diet, excessive consumption can lead to various health problems. Many relatively low-cost whey isolate products in the market contain added sugar, as well as processed ingredients, including artificial flavors for enhancing the taste.
Healthcare products, such as protein supplements are not regulated by significant organizations, such as the USA FDA for effectiveness and safety. Whey isolates products may have impurities, metal contaminants, and fillers that are not often listed on their labels. Spurred by the aforementioned factors, sales of whey basic protein isolates may decline in the upcoming years.
As per FMI, North America is likely to generate the largest whey basic protein isolate market share in future years. The increasing prevalence of various lifestyle-related diseases on the back of high disposable income and changing dietary habits of consumers in the USA and Canada are projected to augment the regional market.
The easy availability of several ready-to-eat and processed food items across North America would lead to the occurrence of diabetes and obesity. As per the Centers for Disease Control and Prevention (CDC), the prevalence of obesity in the USA surged to 41.9% from 30.5% from 1999 to 2000 through 2017-March 2020. These numbers are expected to grow at a rapid pace in the assessment period, thereby propelling the North American market.
Increasing demand for functional food and beverages in emerging economies, such as India and China is projected to augment the Asia Pacific market. Products infused with whey protein isolates are anticipated to gain immense popularity across the Asia Pacific owing to the rising number of awareness programs stating their health benefits.
Multi-functionalities related to whey protein isolates, such as economic applications, efficient processing, and being easily digestible are projected to bolster the demand for whey basic protein isolates in the Asia Pacific.
The entry of various international manufacturers in China and India stoked by the availability of low-cost labor and raw materials required for production is another vital factor that would aid growth.
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Some of the renowned companies in the global whey basic protein isolates market include Milk Specialties Global, Clover Fonterra Ingredients Proprietary Limited, Optimum Nutrition, Inc., Kerry Group plc, Saputo Ingredients, Sports Nutrition Technology, MYFITFUEL, Glanbia Nutritionals, Inc., Hilmar Ingredients Inc., Davisco Foods International, Inc., Agropur MSI, Arla Foods Ingredients, and AMCO Proteins among others.
The majority of the leading companies in the market are focusing on partnerships and collaborations with small-scale enterprises to introduce cutting-edge whey protein ingredients. They are also aiming to strengthen their customer base and enhance their product portfolios by engaging in mergers, acquisitions, contract signing, and joint ventures.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 16.6% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered |
End-use Industry, Type, Application, Region |
Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Japan; Middle East and Africa |
Key Countries Profiled |
USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
Key Companies Profiled | Milk Specialties Global; Clover Fonterra Ingredients Proprietary Limited; Optimum Nutrition, Inc.; Kerry Group plc; Saputo Ingredients; Sports Nutrition Technology; MYFITFUEL; Glanbia Nutritionals, Inc.; Hilmar Ingredients Inc.; Davisco Foods International, Inc.; Agropur MSI; Arla Foods Ingredients; AMCO Proteins |
Customization | Available Upon Request |
The global whey basic protein isolates market is set to surpass USD 956.2 Million in 2032.
North America is set to lead the whey basic protein isolates market in the forecast period.
Milk Specialties Global, Clover Fonterra Ingredients Proprietary Limited, Optimum Nutrition, Inc., Kerry Group plc, and Saputo Ingredients, Sports Nutrition Technology are some of the renowned companies in the whey basic protein isolates market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-use Industries 5.1. Food and Beverages 5.2. Pharmaceutical 5.3. Others 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 6.1. Cow 6.2. Buffalo 6.3. Goat 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 7.1. Infant Formula 7.2. Sports Nutrition 7.3. Dairy Products 7.4. Other Applications 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Sports Nutrition Technology 16.2. Kerry Group Plc 16.3. Clover Fonterra Ingredients Proprietary Limited 16.4. Davisco Foods International, Inc. 16.5. Arla Foods Ingredients Amba 16.6. Glanbia Nutritionals, Inc. 16.7. Milk Specialties Global 16.8. Saputo Ingredients 16.9. AMCO Proteins 16.10. Agropur 16.11. MYFITFUEL 16.12. Hilmar Ingredients Inc. 16.13. Optimum Nutrition, Inc. 17. Assumptions & Acronyms Used 18. Research Methodology
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