Cultured Whey Products Market Forecast and CAGR
According to the latest study by the Fact.MR the market for cultured whey products is predicted to grow with a CAGR of 9.3% in the forecasted era.
One of the prominent factors endorsing the growth of cultured whey products is the rising demand for whey products from the sports industry due to their high protein content.
Another major factor promoting the growth of the cultured whey products industry is the growing health consciousness among people of all ages and genders and their demand for healthy ingredients and supplements.
What Exactly Is Cultured Whey and Its Uses?
Cultured whey is the liquid leftover after curdling and straining milk. It is a byproduct of the cheese or casein manufacturing process that has a variety of commercial applications.
Cultured whey is used to make whey cheeses including brunost, ricotta, and whey butter, as well as a variety of other human foods. Cultured whey products' fat content is very low and is a major factor catering to the growth of cultured whey products.
Additionally, many processed goods, such as crackers, bread, and commercial pastries, as well as animal feed, include it. Cultured whey and its uses in the bakery industry are helping the cultured whey products market to grow exponentially in the forecasted era.
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Increasing Consumption of Cultured Whey Protein Driving the Cultured Whey Products Market.
Whey protein concentrate usage as a supplement has increased among consumers. This is because a huge number of consumers who require protein supplements in their meals are continually recommended this protein powder by dieticians and doctors.
Cultured whey products like whey protein concentrates are used to adhere breadcrumbs or batter to meat, preserving the rheological properties of the flesh. Furthermore, the moisture-retaining ability of cultured whey is propelling the market growth.
Cultured whey products like whey protein have several advantages, including the ability to promote overall well-being, prevent hypersensitivity conditions in newborn children, aid weight loss in HIV patients, and increase protein consumption, all of which contribute to market growth.
The US and Canada Demand Outlook for Cultured Whey Products market
During the forecast period, North America is predicted to lead the worldwide cultured whey products market. US and Canada have a large population that is obese and suffers from lifestyle-related ailments.
This can be attributed to their eating habits, increased disposable money, and the availability of numerous processed and ready-to-eat meals that are not necessarily healthy for customers' health. Thus the cultured whey products market is anticipated to grow exponentially in the forecasted period.
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Europe Cultured Whey Products Market Outlook
Europe holds a significant share of the cultured whey products market. As the consumption of cheese is very high in the region and with the rising health-conscious population preferring healthy food products like cultured whey cheese.
Hence the market of cultured whey products is projected to show positive graphs in the forecasted period.
Asia Pacific Cultured Whey Products Market Outlook
In the Asia Pacific, India and China are the two primary countries with significant population growth. The expanding economy and improved lifestyles are two of the key factors driving the cultured whey products industry forward.
Furthermore, as people are becoming more aware of the nutritional value of dairy-based products, demand for cultured whey products is growing significantly throughout the Asia Pacific.
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Cultured Whey Products Market: Key Players
Some key manufacturers operating the business in the cultured whey products market globally include
- Saputo Inc.
- Leprino Foods Company
- Arla Foods Amba
- Fonterra Co-operative Group Limited
- Glanbia PLC
- Lactalis Group
- Maple Island Inc
- Carbery Group Ltd
- Olam International Limited and
- Agropur Dairy Cooperative (Davisco Foods International, Inc.).
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Cultured Whey Products market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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Cultured Whey Products: Market Segmentation
Based on whey type, the global cultured whey products market can be segmented as:
- Whey Isolate
- Whey hydrolysate
- Whey concentrate
Based on applications, the global cultured whey products market can be segmented as:
- Nutritional Supplements
- Processed food
- Bakery & Confectionary
- Dietary supplement
- Animal Feed & Pet Food
- Personal Care
Based on sales channel, the global cultured whey products market can be segmented as:
- B2B (Direct Sales)
- B2C (Indirect Sales)
- Store-based Retailing
- Convenience Stores
- Specialty Stores
- Other Retailing Formats
- Online Retailing
- Store-based Retailing
Based on the region, the global cultured whey products market can be segmented as:
- North America
- U.S. and Canada
- Latin America
- Mexico, Brazil, Peru, Chile, and others
- Western Europe
- Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg
- Eastern Europe
- Poland and Russia
- Asia Pacific
- China, India, Japan, ASEAN, Australia, and New Zealand
- The Middle East and Africa
- GCC, Southern Africa, and North Africa
- North America
NOTE - Although care has been taken to maintain the highest levels of accuracy in Fact.MR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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