Whey Protein Isolate Market: Overview
The whey protein isolate market is rising at a steady pace and is predicted to continue to grow at a notable growth rate over the 2020 – 2030 forecast period. Firstly, whey protein isolate powder accounts for approximately 85 percent of demand for whey protein worldwide spread across several geographical locations. In fact, the demand for high-end whey protein continues to gather steam at the cost of demand for less refined whey products.
Key parameters based on which the whey protein isolate market is divided are form, grade, end use, nature, and region.
The report provides an in-depth assessment of the whey protein isolate market for the 2020 -2030 forecast period covering demand dynamics, growth indices, and opportunities. Furthermore, the report analyzes key segments in the whey protein isolate market and their growth rate projections over the forecast period. Lastly, the report examines competitive landscape of the whey protein isolate market with valuable insights into growth strategies and revenue projections of key players in the said market for the 2020 – 2030 forecast period.
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Whey Protein Isolate Market: Competitive Landscape
The whey protein isolate market is competitive with the presence of several large players in the fray. Product improvement and introducing new products are some key growth strategies of keen players in the whey protein isolate market.
Some key players in the whey protein isolate market are Hilmar Cheese Company, Arla Food Ingredients Group, Grande Cheese Company, Agropur Inc., Westland Milk Products, Fonterra Co-operative Group, AMCO Proteins, Prinova Group LLC, Glanbia Foods Inc., Leprino Foods, Davisco Foods International, Havero Hoogwegt B.V., Lactilas International, Carbery Group, and Milk Specialties Global.
Whey Protein Isolate Market: Key Trends
Rising health awareness among individuals, especially in urban areas is resulting in spurt in demand for high nutrition food products. Individuals are increasingly making smart food choices and incorporating protein supplements in their daily intake. This has led to rise in demand for whey protein isolates. Besides this, government as well non-government public welfare organizations are raising awareness for the consumption of protein in various forms to fight malnutrition. This indirectly fuels whey protein isolate market.
Meanwhile, apparent trend for increasing demand of protein and high protein products in the food and beverage industry is catalyzing the whey protein isolate market. Increasing participation in sports for fitness and well-being has led to a dramatic shift in demand for whey protein isolate. A large number of commercial sports nutrition products available today primarily use whey protein as the protein source. This strengthens the whey protein isolate market.
Growth of the pharma sector is another key factor fuelling the whey protein isolate market. Pharma companies are developing new whey protein isolate formulations that are easy to use. This creates opportunities in the whey protein isolate market.
However, on the downside, with increasing milk prices, manufacturers of whey protein isolate are wary of disrupted supply chains. In particular, small manufacturers are facing the brunt of increasing milk prices, leading to hampered growth in the overall whey protein isolate market.
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Whey Protein Isolate Market: Regional Assessment
Vis-à-vis revenue, Europe leads other key regions in the whey protein isolate market being a major market for whey protein isolate powders and refined food items. North America leads the whey protein isolate market vis-à-vis volume.
Asia Pacific is emerging as a key market for whey protein isolate driven by rising demand in East Asia. Protein is a key food in several parts of East Asia which is consumed in various forms. This is favorable to the growth of whey protein isolate market. Governments in several countries of East Asia promote sports intensely to qualify for international sporting events. This indirectly fuels the whey protein isolate market in the region.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.