Global Whey Protein Market Revenue to Register CAGR of 7.5% During Forecast to 2026 MarketResearch.biz announces publication of its most recently generated research report titled, “Global Whey Protein Market by Type (Whey protein isolate, Whey protein concentrate, Whey protein hydrolysates), By Application (Bakery Products & Confectionery, Infant Formula, Medical Products, Dietary Supplements and Others (Beverages & Animal feeds), and Region - Global Forecast to 2026.”, which offers a holistic view of the whey protein market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2017–2021) is projected to be US$ 52,787.2 million, which is expected to increase rather moderately over the latter part of the five-year forecast period. According to report, the whey protein market is projected to reach a value of over US$ 75,952.5 million in 2026 at a CAGR of 7.5% over the forecast period. Whey protein is a mixture of globular proteins isolated from whey, the watery portion of milk that separates from the curds while making cheese. It improves the nutrient content of the diet. Whey protein is mostly consumed as a dietary supplement. Furthermore, whey protein manufacturer does not require approval from health authority for dietary supplement products and hence it creates an immense opportunity for new entrant to penetrate in market.
Global Whey Protein Market: Segmental Snapshot The market report has been segmented on the basis of type, material, application, and region. The types segment includes whey protein concentrate, whey protein isolate and whey protein hydrolysates. the application segment includes bakery products & confectionery, infant formula, medical products, dietary supplement, others (beverages & animal feeds). The regions covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. By type: The whey protein hydrolysates segment accounted for highest revenue share contribution as compared to other type segment, and is expected to register a CAGR of over 8.0% between 2017 and 2026 owing to it use as a medical protein supplement, preventing weight gain and obesity. By application: The dietary supplements segment is projected to account for highest revenue share as compared to that of other application segment, and register a CAGR of 8.1% over the forecast period as it provides balanced nutrition for sports and body building needs. By region: The market in North America accounted for highest revenue share in the global whey protein market in 2016, and is expected to register a CAGR of over % between 2017 and 2026 owing to the presence of prominent whey protein manufacturers in the region.
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Global Whey Protein Market Analysis by Region
North America
China
Europe
Aoutheast Asia
Japan
India
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