Asia Pacific Whey Protein Market Size & Outlook, 2022-2030
Asia Pacific whey protein market, 2017-2030 (US$M)
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Asia Pacific whey protein market highlights
- The Asia Pacific whey protein market generated a revenue of USD 1,029.6 million in 2022.
- The market is expected to grow at a CAGR of 10.8% from 2023 to 2030.
- In terms of segment, whey protein concentrates (wpc) was the largest revenue generating type in 2022.
- Whey Protein Isolates (WPI) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,029.6 million |
| Market revenue in 2030 | USD 2,345.7 million |
| Growth rate | 10.8% (CAGR from 2022 to 2030) |
| Largest segment | Whey protein concentrates (wpc) |
| Fastest growing segment | Whey Protein Isolates (WPI) |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whey Protein Isolates (WPI), Whey Protein Concentrates (WPC), Whey Protein Hydrolysates (WPH) |
| Key market players worldwide | Saputo Inc, Glanbia PLC, Olam Group Ltd, Nestle SA, Danone SA, Abbott Laboratories, Sanofi SA, Hilmar Cheese Company, Fonterra Co-operative Group, ALPAVIT, DMK Group, Milk Specialties Group, Carbery Group, Lactalis Ingredients, Davisco Foods International, Maple Island |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.0% of the global whey protein market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,345.7 million by 2030.
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Whey Protein Market Scope
Whey Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific whey protein market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to whey protein market will help companies and investors design strategic landscapes.
Whey protein concentrates (wpc) was the largest segment with a revenue share of 40.89% in 2022. Horizon Databook has segmented the Asia Pacific whey protein market based on whey protein isolates (wpi), whey protein concentrates (wpc), whey protein hydrolysates (wph) covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is expected to register the fastest growth, owing to growing exports and domestic demand for dairy-based protein ingredients such as whey and casein. China is one of the largest producers of dairy-based proteins owing to the easy availability of raw materials.
In addition, growth in healthcare and food & beverage industries is likely to propel demand for animal protein in developing economies such as China, India, Indonesia, Malaysia, and South Korea over the next few years.
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Target buyers of Asia Pacific whey protein market databook
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Our clientele includes a mix of whey protein market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific whey protein market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific whey protein market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific whey protein market size, by country, 2017-2030 (US$M)
Asia Pacific Whey Protein Market Outlook Share, 2022 & 2030 (US$M)
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