Condensed Whey Market Worth $4.47 Billion By 2025 | CAGR: 8.4%

Condensed Whey Market Growth & Trends

The global condensed whey market size is expected to reach USD 4.47 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 8.4% during the forecast period. Rising importance of whey protein as a key nutritional source for improving muscular protein synthesis and promoting growth of lean muscle mass among sports enthusiasts is projected to remain a favorable factor. Furthermore, rising concerns over hazardous effects associated with chronic disorders such as cancer, diabetes, and obesity as a result of fluctuating diet patterns among middle-income age groups in emerging economies including China and India is expected to promote the use of condensed whey forms over the next eight years.

Asia Pacific is expected to remain the fastest growing market, witnessing a CAGR of 9.1% from 2019 to 2025. Rising importance of wellness and fitness among working class professionals to maintain a healthy lifestyle in key markets such as Indonesia, Malaysia, Thailand, China, and India is expected to promote the utility of condensed whey products. Furthermore, the positive outlook towards food processing industry in the aforementioned countries is projected to open new avenues in near future.

Food and beverage application generated more than 60% of market share in terms of revenue in 2018. The application is expected to witness significant rise owing to increased utility of condensed whey as a functional ingredient for manufacturing dairy products, baked goods, confectionery, and jams on account of its exceptional solubility and nutritional characteristics.

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Condensed Whey Market Report Highlights

• Demand for condensed products in Europe is expected to expand at a CAGR of 8.4% from 2019 to 2025 owing to the shifting preference towards healthy lifestyle and desires to have a better physical appearance among adults from the key markets such as Germany and Italy

• Plain product forms generated more than USD 1.22 billion in 2018. The segment is expected to witness growth over the forecast period as this product is considered as rich in amino acid content which not only promotes muscular growth but also ensures muscle tissue repair

• Key participants operating in the condensed whey market are Agri-Mark Inc.; Dairy farmers of America; Associated Milk Producers Inc.; and Leprino Foods Company. The manufacturing companies are expected to increase spending towards the formation of alliances with e-commerce portals to ensure the continuous product supply to buyers

Condensed Whey Market Segmentation

Grand View Research has segmented the global condensed whey market on the basis of product, application, and region:

Condensed Whey Product Outlook (Revenue, USD Million, 2015 - 2025)

• Plain

• Sweetened

• Acid

Condensed Whey Application Outlook (Revenue, USD Million, 2015 - 2025)

• Food & Beverage

  • Dairy Products

  • Bakery Products, and Confectionery

  • Sauces, Soups, and Dressings

  • Jams and Jellies

  • Meat Products

• Animal Feed

• Others

Condensed Whey Region Outlook (Revenue, USD Million, 2015 - 2025)

• North America

  • U.S.

• Europe

  • Germany

• Asia Pacific

  • China

  • Japan

• Central & South America

  • Brazil

• Middle East & Africa