Market Share's Whey Protein Market - Industry Report 2021 | Page 2

The factors that are playing a key role in raising the share of the market may include industrialization, urbanization,
rise in the research and development activities, technological advancements, rising preferences towards proper health
and wellness, rising applications across various sectors, augmentation in the demands for dairy based products, rising
benefits, increasing liking towards ready to drink products, and emergence of huge manufacturing companies.
In addition, the concerned manufacturers are taking up various strategies such as acquisitions and partnerships to
raise the Whey Protein market share globally. On the other hand, the only factor that is impeding the overall market
growth may entail soaring manufacturing costs and rising health as well as safety concerns among the consumers. The
market is segregated by type as Whey Protein Concentrate, Whey Protein Hydrostate, Whey Protein Isolate, and
others. The market is segmented by application as Functional Food and Beverage, Infant Nutrition, Sports and Nutrition
Products, and others.
As far as the application is concerned, Whey Protein Industry can also be categorized as Pharmaceutical, Bakery,
Confectionary, Dairy Products, Infant Formula, Dietary Supplements, and others. Whey Protein Market is classified by
geography as North America, Europe, China, Japan, Southeast Asia, and India.
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As far as the geographical region goes, Asia Pacific is lately leading the Whey Protein market and it is estimated that
the region will go on growing with the same pace until the forthcoming years. The factors that can be attributed to the
market growth may entail rising health concerns among the masses, urbanization, development of novel products by
the leading manufacturers, increase in the population, developing economies, rise in the opportunities, and
augmented research and development activities in the region.
Countries including China, Malaysia, India, and Indonesia are recognized as major contributors to the Whey Protein
market growth. On the other hand, North America is also emerging as one of the promising regions in the Whey Protein
Industry, the reason being raised whey protein production, increasing liking towards appropriate protein consumption,
augmented level of distribution to numerous countries, and rise in the health concerns among the customers.
Additionally, Europe is also displaying a momentous growth in the Whey Protein market owing to quick diffusion of
health care sectors, rising prerequisites, and increasing consciousness towards consumption of proper foods. The key
players operating in the Whey Protein Market are recognized as Archer Daniels Midland, Fonterra, Arla Foods, Abbott,
utrition, Hilmar Cheese Company, DMV International, Murray, DMK, Omega Protein, Carbery Food Ingredients,
Davisco Foods International, Lactalis Ingredients, Friesiandcampina, and Cargill.
Market Segment: