Whey can be described as a liquid by-product which is obtained during the manufacture of cheese. Whey protein is derived by isolating the protein components from whey.
Whey protein ingredients are widely sold as dietary supplements. Athletes also consume whey protein products with the aim of improving their performance while whey protein contents serve as an alternative to milk when it comes to individuals who are lactose intolerant.
Such natural protein supplements have been widely used for reducing body weight as well. After considering such whey protein results, cheese manufacturers have been trying to make the most out of growing public awareness.
Even medical professionals suggest when protein contents for improving the state of weakened immune systems. Thus, the Whey Protein Ingredients Market is well-positioned to register a strong amount of growth during the forecast period of 2016-2022.
Scope & Regional Forecast of the Whey Protein Ingredients Market
The Whey Protein Ingredients Market is expected to register a CAGR of 9.4% during the forecast period while the market revenue is predicted to reach the $8.93 billion mark by 2021. One of the main reasons behind this kind of rapid growth is the gradually gender equality spreading through society. As more women resume their professional careers after giving birth to their children, the demand for whey powder will also increase proportionally.
While juggling with work pressure and time constraints, women are turning to infant formula. Whey powder ingredients consist of a very high protein content which are vital for the proper growth and development of a baby.
The Whey Protein Ingredients Market is currently dominated by demand emanating from Europe, which has grabbed nearly a third of the market share. As far as product type is concerned, whey protein concentrate holds 40% of the total share owing to rising demand from the Food & Beverages sector.
On the other hand, whey protein isolate is expected to register a strong growth of 17.2% CAGR during the forecast period.