Market Microparticulated Whey Protein Market Register 9.5% Cagr
According to a market research report by FactMR, the global microparticulated whey protein market was valued at over US$ 2 billion in 2020 and is expected to register a CAGR of 9.5% from 2021 to 2031. Microparticulated whey protein is a type of functional protein that is widely used in the food and beverage industry for its excellent emulsifying, gelling, and foaming properties.
The report states that the increasing demand for high-protein food products, along with the rising trend of clean label and natural ingredients, is driving the growth of the microparticulated whey protein market. In addition, the growing health consciousness among consumers, especially in developed regions, is also contributing to the market growth.
Based on product type, the report categorizes the microparticulated whey protein market into concentrate, isolate, and hydrolysate. Among these, concentrate is the most widely used product type, owing to its cost-effectiveness and high protein content.
Geographically, North America is the largest market for microparticulated whey protein, due to the high demand for protein-rich food products in the region. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period, owing to the increasing adoption of healthy lifestyles and the growing health and wellness trend in countries such as China, India, and Japan.
Some of the key players in the microparticulated whey protein market include Arla Foods amba, Fonterra Co-operative Group Limited, Glanbia plc, Carbery Group Ltd., and Hilmar Ingredients. These companies are focusing on product innovation and expanding their product portfolios to cater to the increasing demand for microparticulated whey protein in various applications such as sports nutrition, functional foods, and infant formula
Microparticulated Whey Protein Industry Research Segmentation
By Type :
Food Grade
Pharma Grade
By Form :
Liquid
Powder
By Application :
Ready-to-drink Beverages
Dairy Products
Nutritional Products
Pharmaceuticals
Cosmetics
Others
By Region :
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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