(Entertainment-NewsWire.com, December 08, 2017 ) Global whey protein market is anticipated to showcase a tremendous CAGR of 7.6% during the forecast period i.e. 2015-2021. Moreover, the global whey protein market is projected to account exponential sales of USD 8.8 Billion by the end of 2021. Additionally, the market is riding on the back of increasing health consciousness among the consumers.
The nutritional segment by application is projected to showcase a noteworthy CAGR by 2021. Further, this growth of nutritional segment can be attributed to numerous factors such as increasing adoption of sport activities by women and keen interest of fitness in the younger youth. In terms of regional platform, North America region contributed for the maximum number of share in the global whey protein market. Moreover, U.S. is the dominating country in this region due to presence of major key vendors of whey protein.
Swelled Disposable Income
Rapid urbanization coupled with rise in per capita income of the population has encouraged them to take initiatives towards sports activities which have augmented the demand for whey protein. Moreover, sporting culture along with increasing number of gymnasium across the globe is also believed to trigger the market of whey protein over the forecast period.
Increasing availability of whey protein through online stores such as amazon, eBay and others have boosted the growth of whey protein market during the forecast period. Furthermore, wide availability of whey protein according to consumer preference in online stores and increasing importance of ready to drink and energy boosting products are believed to propel the market of whey protein.
Although, high cost of whey protein such as hydrolyzed whey protein (HWP) is anticipated to hamper the growth of whey protein market by the end of 2021.
The report titled “Global Whey Protein Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global whey protein market in terms of market segmentation by type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global whey protein market which includes company profiling of Hilmar Cheese Company, Glanbia, Davisco Foods International Inc., Milk Specialties Global, Maple Island Inc., Foremost Farms, Valio Ltd, DMK Group, Westland Milk, Agropur MSI, Axiom Foods Incorporation, Kerry group, Amco proteins. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global whey protein market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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