Asia Pacific Whey Protein Ingredients Market Research Report Forecast to 2030
The growing demand for dietary supplements products, increasing fitness and sports nutrition trends, and increasing disposable income levels across the Asia-Pacific region will help the market in overall growth. Additionally, rising health and wellness awareness will provide growth opportunities for the market in the future.
Asia Pacific Whey Protein Ingredients Market is anticipated to register a healthy market growth of 6.23% during the review period. The Asia-Pacific whey protein ingredients market is emerging due to rising demand for dietary supplements products, increasing fitness and sports nutrition trends, and increasing disposable income levels across the Asia-pacific region. Additionally, rising health and wellness awareness will provide growth opportunities for the market in the future. However, the high cost of whey protein might hamper the market's growth in the forecast period.
Market SegmentationBased on type, the Asia-Pacific whey protein ingredients market has been segmented into whey protein isolates, whey protein concentrates, and whey protein hydrolysates.
Based on application, the Asia-Pacific whey protein ingredients market has been segmented into dairy & frozen desserts, bakery & confectionery, beverages, dietary supplements, nutrition supplements, and others. Moreover, the nutrition supplements further segmented into medical nutrition, sports nutrition, food (dairy & bakery) and infant formula.
Regional AnalysisAsia-pacific is segmented into China, India, Japan, Australia, South Korea, Singapore, Indonesia, Thailand, Philippines, Malaysia, Vietnam, Taiwan, and Rest of Asia-Pacific. India has seen an increase in health-conscious consumers, with rising obesity rates increasing the population's acceptance of protein-fortified beverages. According to stats from Asian Development Bank, Two out of every five adults in the Asia and Pacific region are either overweight or obese. According to the ADB's definition of subregions, the Pacific is the world's most overweight subregion, with an estimated 59% of adults being overweight and 20% being obese. India is expected to grow at the fastest rate during the forecast period, with a CAGR of 7.58% in terms of value.
Major PlayersThe key market players in Asia-Pacific whey protein ingredients market are Arla Foods Ingredients (Denmark), Brenntag Group firm Zhongbai Xingye Food Technology (Beijing) Co., Ltd (""Zhongbai""), Olam Group, Kerry Group PLC., Glanbia PLC, and Fonterra Co-operative Group Limited.
Companies MentionedArla Foods Ingredients (Denmark)
Brenntag Group firm Zhongbai Xingye Food Technology (Beijing) Co.
Ltd ("Zhongbai")
Olam Group
Kerry Group PLC.
Glanbia PLC
and Fonterra Co-operative Group Limited