Global Condensed Whey Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Condensed Whey Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global condensed whey market report has been segmented on the basis of product type, application, and region.
Global Condensed Whey Market: Overview
Condensed whey is the thick fluid or liquid that is remained after milk has been coagulated and strained. It is derived during producing the cheese or casein and has different commercial application. Whey protein is a group of spherical proteins isolated from whey. The proportion of whey protein in cow’s milk is 20% and in human milk 70%. Whey protein is a combination of alpha-lactalbumin (~25%), beta-lactoglobulin (~65%), bovine serum albumin (~8%), and immunoglobulins. These contents are soluble in their natural forms regardless of pH.
Global Condensed Whey Market: Dynamics
Increasing demand for healthy food products coupled with growing awareness regarding healthy lifestyles are some of the major factors expected to drive growth of the global market. In addition, growing consumption of dietary food supplement products and whey protein products for muscle building are some other factor anticipated to drive revenue growth of the target market. Furthermore, growing number of dairy food processing units in developed, as well as developing countries, is a factor projected to propel the target market growth over the forecast period.
However, some individuals may face allergic reaction due to overconsumption of whey or whey protein-based food products and is a key factor expected to hamper growth of the global market over the forecast period.
Global Condensed Whey Market: Segmental Analysis
Among the product type segments, the plain condensed whey segment is expected to account for the significant revenue shares of the global market. This can be attributed to its widening application in dietary foods and various types of products such as beverages, dairy goods, and meat products. The application segment is sub-segmented as food and beverage, animal nutrition and feed, and powdered whey. The food and beverage sub-segment is projected to register significant growth among the application segments, owing to increasing usage of condensed whey in baked food products and its various properties including foam formation, dough strengthening, viscosity, and foam formation.
Global Condensed Whey Market: Regional Analysis
The market in Asia Pacific is expected to register high market revenue, owing to rapidly growing food and beverages industry. In addition, growing consumption of dietary supplements coupled with increasing awareness regarding health and fitness are some other factors expected to propel the target market growth in developing countries such as India and China. North America market for condensed whey is expected to register significant growth over the forecast period. This can be attributed to growing health-conscious among individual coupled with rising consumption of whey-based protein products as a dietary supplement in countries in the region. European condensed whey market is expected to register substantial growth, owing to the strong presence of dairy processing units and higher awareness about physical appearance and nutritional benefits of whey are some of the factors expected to support the revenue growth of the target market in Europe region.
Global Condensed Whey Market Segmentation:
Segmentation by Product Type:
- Plain Condensed Whey
- Condensed Acid Whey
- Sweetened Condensed Whey
Segmentation by Application:
- Food and Beverage
- Bakery and Confectionery products
- Sauces, Soups, and Dressings
- Meat Products
- Jams and Jellies
- Animal Nutrition and Feed
- Powdered Whey
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Agri-Mark Inc.
- Foremost Farms USA Cooperative, Inc.
- Associated Milk Producers Inc.
- Dairy Farmers of America, Inc.
- Leprino Foods Company Inc.
- Fonterra Co-operative Group Limited
- Saputo Inc.
- Agropur Inc.
- Berkshire Dairy and Food Products
- Chicago Dairy Corporation
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