Whey Protein Ingredients Market Size Will Hit USD 21,000 Million by 2026
According to the report, The global whey protein ingredients market in 2019 was above USD 8,000 million. The market is expected to grow above a CAGR of 9.2% and is anticipated to reach over USD 21,000 million by 2026.
The mixture of whey-isolated proteins is whey protein. In the production of cheese, the liquid material is produced as a by-product. The proteins are composed of β-lacto globulin, α-lactalbumin, immunoglobulin, and serum albumin. Whey protein is generally used as a dietary supplement and consumed globally and it has been attributed to various health claims. Many consumers are adopting whey protein as a reach source of proteins as compared to the other proteins like egg, soy, milk-based proteins, etc. Whey protein is used to enhance lipid profile glucose levels and the response of insulin, as a result, it promotes stiffness of arteries and blood pressure reduction. The protein concentration is regulated by adding the denatured powder to provide a balanced diet for infants. Whey protein ingredients also help to reduce hepatic cholesterol levels.
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Whey protein helps to increase strength, improve immunity, fat loss, and mass gain, the popularity of the whey protein supplement is growing in recent years. With health benefits, whey protein is also gaining popularity in skin and hair care cosmetics. These factors may drive the whey protein market during the forthcoming years. However, fluctuations in the milk prices, undefined regularity guidelines about healthcare may restraints the growth of the market. On the other hand, economical growth of the emerging countries and growing disposable income, the market is expected to create ample opportunities during the future years.
The whey protein ingredients market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into whey protein concentrate, whey protein isolate, hydrolyzed whey protein, and demineralized whey protein. By application segmentation, the market is divided into Bakery and Confectionery, Dairy Products and Frozen Foods, Sports Nutrition, Beverages, Meat Products, Medicine, Others.
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Some of the essential players operating in the whey protein ingredients market, but not restricted to include Glanbia plc, Davisco Food International, Hilmar Cheese Company, Cargill Incorporation, Carberry food ingredients, Dairy Farmers of America, Arla Foods, Fonterra Co-Operative Group Ltd, Maple Island Incorporation, Milk Specialities Global, and others.
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