Exploring Philippines Whey Protein Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, Philippines Whey Protein Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Whey protein is a high-quality protein derived from whey, the liquid portion of milk
that separates during cheese production. It is rich in essential amino acids
and bioactive compounds, making it a popular dietary supplement for muscle
building & weight management.
Philippines Whey Protein
Market Research Report & Summary:
The Philippines Whey Protein Market size is estimated to grow at a CAGR
of around 6.44% during the forecast period, i.e., 2024-30.
Time Period Captured
in the Report:
·
Historical
Years: 2019-22
·
Base
Years: 2023
·
Forecast
Years: 2024-2030
Who are the Key Players Operating in the Philippines
Whey Protein Market?
The top
companies of the Philippines Whey Protein Market ruling the industry
are:
V3 Group, NutraBio, Iovate Health Sciences
International Inc., Glanbia plc, USN UK Limited, SANN Corp., Athlene Nutrition,
Nestlé S.A., NutraBio Labs, Inc., Nutrex Research, Inc., and Others
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data with forecast for years 2025 to 2030, including market size, industry
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What is Included in Philippines Whey Protein
Market Segmentation?
The Philippines Whey Protein Market explores
the industry by emphasizing the growth parameters and categorizes including
geographical segmentation, to offer a comprehensive understanding of the market
dynamic. The further bifurcations are as
follows:
-By Product Type
-Whey Protein Concentrate (WPC)- Market Size & Forecast 2019-2030,
Thousand Tons
-Whey Protein Isolate (WPI)- Market Size & Forecast 2019-2030,
Thousand Tons
-Whey Protein Hydrolysate (WPH)- Market Size & Forecast 2019-2030,
Thousand Tons
-By Application
-Sports Nutrition- Market Size & Forecast 2019-2030, Thousand Tons
-Food & Beverages- Market Size & Forecast 2019-2030, Thousand
Tons
-Dietary Supplements- Market Size & Forecast 2019-2030, Thousand
Tons
-Others (Animal Feed, Infant Formula, etc.)- Market Size & Forecast 2019-2030,
Thousand Tons
-By Price Range
-Budget- Market Size & Forecast 2019-2030, Thousand Tons
-Economy- Market Size & Forecast 2019-2030, Thousand Tons
-Premium- Market Size & Forecast 2019-2030, Thousand Tons
-By Distribution Channel
-Online Stores- Market Size & Forecast 2019-2030, Thousand Tons
-Offline- Market Size & Forecast 2019-2030, Thousand Tons
-Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030,
Thousand Tons
-Pharmacies- Market Size & Forecast 2019-2030, Thousand Tons
-Others (Specialty Stores, Convenience Stores, etc.)- Market Size &
Forecast 2019-2030, Thousand Tons
-By Region
-Luzon
-Visayas
-Mindanao
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Market Dynamics -Philippines
Whey Protein Market:
Health Awareness and Lifestyle Changes Propel the Philippines Whey
Protein Market- Sedentary lifestyles and a high intake of processed foods
mostly go hand in hand with urbanization. Moreover, due to the increase in the
working population in the country, the consumer does not have sufficient time
to prepare healthful food for daily nutrition. Therefore, the risk of diabetes
has been increasing over time in the country. For instance,
·
Based on the International Diabetes Federation
(IDF), the estimated number of people currently living with diabetes in 2021 is
4,303,900 in the Philippines. This would further increase to 5,456,300 by 2030
& and 7,503,900 by 2045.
Doctors often encourage diabetes patients to keep a healthy weight and
avoid the negative effects of this disease. Consequently, patients with
diabetes have embraced whey protein, as its consumption lowers blood sugar
levels by ensuring the body retains the necessary amount of insulin and
achieves a healthy weight. Therefore, owing to the increasing prevalence of
diabetes all over the Philippines, the demand for whey protein-based products
has increased within the country, thereby boosting the overall Philippines Whey
Protein Market.
In addition, the high burden of obesity, which is further increasing
and most prevalent among adolescents, the Philippines provides unlimited
opportunities for whey protein-based products. Obesity increases the risk of
many diseases and health problems, such as heart disease & high blood
pressure. Thus, along with the trend of people being more conscious of the
adversities of obese lifestyles, there would be a growing interest in healthier
dietary choices. This would, hence, augment demand for whey protein
supplementation in the Philippines and act as a significant driving force for
market growth in the Philippines.
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Why Markntel Advisor Report?
MarkNtel Advisors is a leading consulting, data
analytics, and market research firm that provides an extensive range of
strategic reports on diverse industry verticals. We being a qualitative &
quantitative research company, strive to deliver data to a substantial &
varied client base, including multinational corporations, financial
institutions, governments, and individuals, among others.
We have our existence across the market for
many years and have conducted multi-industry research across 80+ countries,
spreading our reach across numerous regions like America, Asia-Pacific, Europe,
the Middle East & Africa, etc., and many countries across the regional
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and several others.
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