Exploring US Whey Protein Market Opportunity, Latest Trends, Demand, and Development By 2030- MarkNtel Advisors
According to Markntel Advisors Report, US 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, and overall health
and fitness.
.
Global US Whey Protein Market
Research Report & Summary:
The US Whey Protein Market
is estimated to grow at a CAGR of around 8% 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 US
Whey Protein Market?
The top
companies of the US Whey Protein Market ruling the industry are:
Hilmar Cheese Company,
Inc., Glanbia PLC, Arla Foods Ingredients Group P/S, Fonterra Co-Operative
Group Limited, Carbery Group, LACTALIS Ingredients, Agropur Cooperative, Saputo
Inc., Nestle S.A., AS-IT-IS Nutrition, Davisco, and Others
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US
Whey Protein Industry Recent Development:
·
2024: Nestlé SA debuted its first precision fermentation dairy
protein powder, an animal-free and lactose-free whey isolate product dubbed
Better Whey under the Orgain brand in the US.
What is Included in US Whey Protein Market
Segmentation?
The US 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,
USD Million
-Whey Protein Isolate (WPI)- Market Size & Forecast 2019-2030, USD
Million
-Whey Protein Hydrolysate (WPH)- Market Size & Forecast 2019-2030,
USD Million
-By Application
-Sports Nutrition- Market Size & Forecast 2019-2030, USD Million
-Food & Beverages- Market Size & Forecast 2019-2030, USD Million
-Dietary Supplements- Market Size & Forecast 2019-2030, USD Million
-Animal Feed- Market Size & Forecast 2019-2030, USD Million
-By Distribution Channel
-Online Stores- Market Size & Forecast 2019-2030, USD Million
-Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD
Million
-Pharmacies- Market Size & Forecast 2019-2030, USD Million
-Specialty Stores- Market Size & Forecast 2019-2030, USD Million
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Market Dynamics -Global US
Whey Protein Market:
Health Consciousness and
Rising Disposable Income Synergistically Drive the Growth of The US Whey
Protein Market- Driven by increased health education and a
desire for improved quality of life there is a growing emphasis on healthier
lifestyles. This has proactively led consumers to integrate protein supplements
like whey into their diets. Also, the old age population in the US is growing
and this is expected to positively impact the Whey Protein Market. For
instance, as per the Population Reference Bureau, it is projected that the
number of Americans ages 65 and older will increase from 58 million in 2022 to
82 million by 2050. The increase in the old-age population would contribute to
an increased demand for whey protein products due to the increased risk for
Sarcopenia which is the loss of muscle mass due to the natural aging process
coupled with a desire for improved quality of life among older adults.
Further,
increasing disposable personal income has allowed these individuals to spend
more on their health. For instance, as per the US Bureau of Economic Analysis,
personal income in the US increased from USD21,284.0 billion in 2021 to
USD23,315.9 billion in 2023. Due to high disposable income individuals were
able to afford premium-priced whey protein products. Consequently,
manufacturers also targeted these affluent consumers with higher-quality whey
protein offerings, specialized formulations, and premium packaging, potentially
driving market growth and innovation in the US Whey Protein Market.
Therefore, owing to the
above-mentioned factors the market for Whey Protein in the US would continue to
witness prosperity during the forecasting years.
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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
scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil,
and several others.
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