Global Whey Protein Concentrate 34% and Whey Protein Isolate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Whey Protein Concentrate 34% and Whey Protein Isolate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Whey protein is one of the main proteins found in dairy products. Whey Protein Concentrate 34% is obtained by removing enough non-protein components from pasteurized whey that the final product contains no less than 34% protein. Whey Protein Isolate is processed differently than whey concentrate, which results in more protein and less carbohydrates and fat per serving of isolate.

Market Overview:

The latest research study on the global Whey Protein Concentrate 34% and Whey Protein Isolate market finds that the global Whey Protein Concentrate 34% and Whey Protein Isolate market reached a value of USD 4574.57 million in 2022. It’s expected that the market will achieve USD 7265.99 million by 2028, exhibiting a CAGR of 8.02% during the forecast period.

Market Drivers Analysis

Benefits of Whey Protein

Whey protein is a kind of protein extracted from milk. It has the characteristics of high nutritional value, easy digestion and absorption, and contains a variety of active ingredients. It is recognized as one of the high-quality protein supplements for human body. Among various proteins, whey protein has the highest nutritional value. Generally speaking, protein with complete types and contents of essential amino acids and which can provide the needs of the human body can be called high-quality protein. Whey protein contains 8 kinds of amino acids necessary for the human body, and the ratio is reasonable, close to the ratio required by the human body. It is an indispensable essence for human growth, development, anti-aging and other life activities. Many experimental studies have proved that taking whey protein concentrate can promote humoral immunity and cellular immunity, stimulate the human immune system, and prevent the occurrence of chemically induced cancer. So whey protein is a very good immune-boosting protein. In addition, whey protein is low in fat and lactose, but it contains β-lactoglobulin, α-lactalbumin, immunoglobulin, and many other active ingredients. These active ingredients make whey protein possess many health functions beneficial to the human body. Hence, with the increasing demand for high nutrients, there is an increasing demand for Whey Protein Concentrate 34% and Whey Protein Isolate due to the benefits of whey protein. Overall, the advantages of whey protein are one of the important driving factors driving the development of the industry.

Market Drivers Analysis

Food safety risk

The main business of the industrial company is the R&D, production and sales of Whey Protein Concentrate 34% and Whey Protein Isolate, which are directly related to food safety issues. If industry companies do not strictly implement the company's food quality and safety system in the process of raw material procurement and production, negligence will result. Or food safety negligence in the process of the company's products being distributed to end consumers will have an impact on the quality and safety of the company's products. At the same time, if other companies in the same industry have food safety problems, it may cause end consumers to worry about the food quality and safety of the company's products. As consumers pay more and more attention to food safety, risks related to food safety are one of the risks faced by companies in the industry.

Region Overview:

In 2021, the share of the Whey Protein Concentrate 34% and Whey Protein Isolate market in Europe stood at 33.79%.

Company Overview:

Fonterra is a New Zealand-based multinational dairy cooperative run by local farmers. Fonterra is one of the world's largest dairy exporters and a leader in dairy science and innovation. The company's portfolio of well-known brands includes Anchor, Anmum, Anlene, NZMP and Farm Source.

Hilmar Cheese Company, Inc. is a leading producer of healthy dairy products dedicated to improving lives around the world, contributing to the success of all stakeholders. Hilmar Cheese Company, Inc. converts high-quality milk from dairy farms into a variety of nutrient-dense cheese and whey ingredients. The company specializes in cheddar and natural style cheeses for use by private label and national brand companies worldwide. Its Hilmar Ingredients division manufactures and markets a wide range of whey proteins, lactose products and milk powders worldwide.

Fonterra is one of the major players operating in the Whey Protein Concentrate 34% and Whey Protein Isolate market, holding a share of 8.65% in 2022.

Segmentation Overview:

Whey Protein Concentrate 34%
Whey Protein Concentrate 34% is obtained by removing enough non-protein components from pasteurized whey that the final product contains no less than 34% protein.
Whey Protein Isolate
Whey Protein Isolate is processed differently than whey concentrate, which results in more protein and less carbohydrates and fat per serving of isolate.

By type, Whey Protein Isolate segment accounted for the largest share of market in 2021.

Application Overview:

Infant Formula and Baby Foods
Refers to adding products to Infant Formula and Baby Foods.
Dietary Supplements
Refers to adding products to Dietary Supplements.
Used as Dietary Supplements to increase the total daily intake to supplement dietary protein and amino acids.
Functional Beverages

It refers to adding products to Functional Beverages. Unlike Functional Food, Functional Beverages products are liquid beverages. This category primarily includes sports drinks.

Functional Food

This type refers to products added to Functional Food, which can improve people's immunity. In this report, Functional Food does not include liquid beverages.

The market's largest segment by application is the segment Dietary Supplements, with a market share of 28.16% in 2021.

Key Companies in the global Whey Protein Concentrate 34% and Whey Protein Isolate market covered in Chapter 3:

Fonterra Group
Glanbia
Carbery Group
Lactalis
Arla Foods
Milk Specialties
Hilmar Cheese Company
Agropur
Sooro
Leprino Nutrition
FrieslandCampina

In Chapter 4 and Chapter 14.2, on the basis of types, the Whey Protein Concentrate 34% and Whey Protein Isolate market from 2018 to 2029 is primarily split into:

Whey Protein Concentrate 34%
Whey Protein Isolate

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Whey Protein Concentrate 34% and Whey Protein Isolate market from 2018 to 2029 covers:

Infant Formula and Baby Foods
Dietary Supplements
Functional Beverages
Functional Food
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)