The report recently released by Data Bridge Market Research, "Whey Protein Market,” details the sector's growth strategies and projections reported in the Whey Protein market, a press release reported.
“In recent years, the fitness craze among high and middle-income consumer groups has fuelled demand for nutrition-enhancing products such as whey protein,” a recent press release states. “Approximately 78% of the global population is afflicted with diseases such as obesity, cardiovascular problems and low blood pressure. Whey protein is gaining popularity among athletes and sports enthusiasts worldwide because it helps improve athletic performance and strength.”
According to the report, the whey protein market is expected to be worth $26.70 billion by 2029 from the $14.31 billion recorded in 2020. The market’s compound annual growth rate, calculated based on market value, growth rate, market segments, geographical coverage, market players and circumstances, among other factors, is estimated to be 8.11%.
“This comprehensive market analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame,” a recent press release states. “Further, key players, major collaborations, merger and acquisitions, along with trending innovation and business policies, are reviewed in the report.”
Made from whey, the watery milk portion is made from curds selected during the cheese-making process. The product is credited with increasing muscle mass, stabilizing blood sugar levels, helping with weight loss, decreasing inflammation and aiding with diabetes treatment.
The market’s recent development includes the launch of its new hydrolyzed whey protein, Optipep 4Power, intended for high-intensity interval training, First Milk’s Fonterra’s stake acquisition of 51%, which makes First Milk the Lake District Creamery's whey protein concentrate manufacturing facilities, and the launch of Glanbia Nutritionals’ BevEdge.
The most significant partners operating in the Whey Protein market are Glanbia plc. in Ireland, Now Health Group, Inc., MusclePharm Corporation, Nutiva Inc., The Simply Good Food Co, CytoSport, Inc., The Nature's Bounty Co., Reliance Vitamin Company, Inc., Herbalife Nutrition, Inc., General Nutrition Centers (GNC) Holdings, Inc., Orgain Inc. and True Nutrition in the U.S, as well as Iovate Health Sciences International Inc. in Canada, Kerry Group Plc in Ireland and Danone SA in France.