Global Whey Protein Ingredients Market is set grow at a CAGR of 9.4% and to reach revenue of $10.69 billion by 2023

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Whey Protein Ingredients Market 2018 - 2023

• Global Whey Protein Ingredients Market is set
  grow at a CAGR of 9.4 and to reach revenue of
  10.69 billion by 2023.

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Europe with major share in the Whey Protein
Ingredients Market

• Europe dominates in Whey Protein Ingredients
  Market in terms of serving wide varieties of
  related food products in 2018, followed by North
  America. U.K. is the leading region in Europe,
  due to the rising demand of high-protein
  products. U.S. dominates the market in the North
  American region, whereas increasing disposable
  income in the developing countries such as China
  is estimated to enhance the growth rate in the
  Asia-Pacific whey protein ingredients market. The
  Asia-Pacific region is the fastest growing, with
  a CAGR of 11.68 through 2023. The growing demand
  from food and beverage applications in the APAC
  region results in the strong demand for whey
  protein ingredients.
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Selected Product Type Analysis done in the full
Report

• The growing prominence of performance
  products is driving the market. Whey protein
  isolates are growing at a double digit rate with
  17.2 CAGR through 2018-2023. The Whey Protein
  Market is segmented into Protein Isolate,
  Hydrolysates, Concentrate and Demineralized whey
  protein powder. Among all the purest form of whey
  protein isolates contain90 of protein content
  and less than 1 of fat. Whey isolates are
  broadly used in proteins bars, nutritive drinks
  and supplement products. The other major
  applications for isolates proteins are bakery,
  meat and snacks. Whey protein hydrolysate holds
  the second largest revenue generating segment
  which is projected to grow at a CAGR of 6.4 with
  a steady growth.

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Excerpts on Market Growth Factors

• Increasing younger population with fitness
  consciousness propelled the demand for whey as an
  ingredient in body building supplements. The
  survey also says rising demand in sports
  nutrition and infant nutrition act as a key
  driver for influenced Whey protein market. As
  sports nutrition market has been reaching wide
  range of consumer groups, volume growth of whey
  proteins will be robust in the coming years as
  compared to value growth.
• Major food beverage players are expected to
  enter the protein snacks and shakes market due to
  the popularity and consumer attention related to
  rich protein diets. Consumers are seeking
  nutritive and less time consuming foods for their
  breakfasts which offergreat prospects for protein
  for fortified breakfast cereals and snacks.
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Key players of the Whey Protein Ingredients Market

• Major companies operating in the Whey Protein
  Ingredients Market includes Arla Foods AMBA,
  Cargill Inc., Hilmar Cheese Company, Davisco
  Foods International, Milk Specialties Global and
  Glanbia Plc. Arla Foods Amba is the key player in
  the whey protein ingredients market with 8.7 of
  the market share. Davisco Foods International is
  main producer of concentrates isolates. Davisco
  accounts for 8.4 of the overall market share.
  The other category contributes 68, consisting of
  companies such as Foremost Farms, Dairy Framers
  of America Inc., Carbery Food Ingredients and few
  others.

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