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The report covers Chinese Whey Protein Powder Manufacturers and the market is segmented by Form (Concentrates, Hydrolyzed, and Isolates), End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, and Supplements). The market size and forecasts for China's whey protein market are provided in terms of value (USD) for all the above segments.
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The global whey protein (powder and concentrate) market size reached USD 5.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.5 Billion by 2033, exhibiting a growth rate (CAGR) of 3.41% during 2025-2033. The increasing health and fitness consciousness among the masses, the escalating demand for sports nutrition and bodybuilding products, and the emerging technological advancements in manufacturing technologies are some of the major factors propelling the whey protein market.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
| 2024 |
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 5.5 Billion |
Market Forecast in ​​​​​​​2033 | USD 7.5 Billion |
Market Growth Rate (​​​​​​​2025-2033) | 3.41% |
IMARC Group provides an analysis of the key trends in each segment of the global whey protein market report, along with forecasts at the global and regional levels from 2025-2033. Our report has categorized the market based on type and application.
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According to Cognitive Market Research, the global Whey protein market size will be USD 5569.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 11.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2227.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1670.76 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1280.92 million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 278.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 111.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031.
The concentrates held the highest Whey protein market revenue share in 2024.
Market Dynamics of Whey protein Market
Key Drivers for Whey protein Market
Advancements in protein processing to increase the demand globally
Advancements in protein processing have significantly boosted global demand for whey protein. Innovations such as advanced filtration techniques, including microfiltration and ultrafiltration, enhance the purity and quality of whey protein, producing higher protein content with fewer impurities. Improvements in hydrolysis technology create more digestible and bioavailable whey protein hydrolysates, catering to individuals with specific dietary needs. Additionally, the development of novel processing methods that preserve the functional and nutritional properties of whey protein drives consumer preference. These technological strides not only ensure superior product quality but also expand application versatility, fueling increased global adoption and market growth.
Growing fitness and health awareness to propel market growth
Growing fitness and health awareness is a major driver of market growth for whey protein. As more individuals prioritize health and wellness, there is increased demand for supplements that support muscle recovery, enhance performance, and aid in weight management. Fitness enthusiasts and athletes are turning to whey protein for its high-quality protein content and beneficial amino acid profile. This shift towards healthier lifestyles and preventive health measures is prompting greater consumption of whey protein products. Furthermore, increased awareness about the benefits of protein in maintaining overall health and achieving fitness goals is propelling the global market for whey protein.
Restraint Factor for the Whey protein Market
High cost of premium products to limit the sales
The high cost of premium whey protein products can significantly limit sales, particularly in price-sensitive markets. Premium whey protein isolates and hydrolysates, while offering superior purity and effectiveness, come at a higher price point compared to concentrates and lower-grade options. This elevated cost can deter budget-conscious consumers and limit product accessibility. In regions with lower disposable incomes, the price disparity between premium and economy options can restrict market penetration and growth. Consequently, the high cost of premium products creates a barrier for widespread adoption, potentially hindering overall sales and limiting the market reach of high-end whey protein offerings.
Impact of Covid-19 on the Whey protein Market
The COVID-19 pandemic had a negative impact on the whey protein market, disrupting supply chains and causing shortages of key raw materials. Lockdowns and restrictions led to factory closures and delays in production, affecting product availability and distribution. Consumer spending shifted towards essential items, reducing demand for non-essential supplements like whey protein. Additionally, the economic uncertainty and job losses during the pandemic resulted in tighter budgets, leading many to cut back on premium health products. These factors collectively dampened market growth and created challenges for both manufacturers and consumers in the whey protein sector....
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In 2024, the global protein powder market was valued at US$ 26.9 billion. During the forecast period, the protein powder market to garner a moderate CAGR of 7.60%. By 2034, the market is expected to gain a valuation of US$ 55.81 billion by 2034.
Report Attribute | Details |
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Market Value (2024) | US$ 26.9 billion |
Forecast Value (2034) | US$ 55.81 billion |
Growth Rate (2024 to 2034) | 7.60% |
Protein Powder Market Historical Analysis (2019 to 2023) Vs. Forecast Outlook (2024 to 2034)
Historical CAGR (2019 to 2023) | 7% |
---|---|
Forecast CAGR (2024 to 2034) | 7.60% |
Category wise Insights
Type | Whey Protein |
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Market Share in 2024 | 35.3% |
Source | Animal Source |
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Market Share in 2024 | 45.3% |
Region wise Analysis
Countries | CAGR from 2024 to 2034 |
---|---|
The United States | 5.6% |
Germany | 6.6% |
China | 8.7% |
Japan | 9.3% |
India | 7.5% |
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The size and share of the market is categorized based on Type (Concentrate, Isolate;) and Application (Sports Nutrition, Functional Foods;) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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The Food Grade Whey Protein Powder Market is experiencing signific...
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The Asia-Pacific Whey Protein Ingredients Market is segmented by Form (Concentrates, Hydrolyzed, Isolates), by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, New Zealand, South Korea, Thailand, Vietnam). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.
This statistic shows the market size of the whey protein market from 2022 to 2032. In 2022, the global whey protein market was valued at approximately 19.6 billion U.S. dollars and is forecast to reach 40.3 billion U.S. dollars by 2032.
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The Market Report Covers Whey Protein Manufacturers in Australia and is Segmented by Type into Whey Protein Concentrates, Whey Protein Isolates, and Hydrolyzed Whey Proteins; and by Application into Sports and Performance Nutrition, Infant Formula, and Functional/Fortified Food.
This statistic presents a forecast of the whey protein market value in Mexico in 2018 and 2022. In 2018, the whey protein market value in the country was estimated at approximately 643 million U.S. dollars, and the source projected that it would reach over 1.3 billion U.S. dollars by 2022.
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Whey Protein Market size was valued at USD 6.5 Billion in 2023 and is projected to reach USD 19.2 Billion by 2030. with 9% CAGR Growth.
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The report covers Brazil Whey Protein Market Brands and is segmented by Product Type (Whey Protein Concentrate, Whey Protein Isolate and Hydrolyzed Whey Protein) and Application (Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food)
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The Europe Whey Protein Ingredients Market is segmented by Form (Concentrates, Hydrolyzed, Isolates), by End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, Supplements) and by Country (Belgium, France, Germany, Italy, Netherlands, Russia, Spain, Turkey, United Kingdom). Market value in USD and market volume in tonnes are presented. Key data points observed include the market volume of end-user segments, per capita consumption, and raw material production.
In 2018, the market value of whey protein in Singapore was forecasted to be around 324.4 million U.S. dollars. This was estimated to increase to 464.6 million by 2022. Whey protein is used to increase muscle mass and is a popular supplement in the fitness community.
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The size and share of the market is categorized based on Type (Concentrate Form, Isolate Form) and Application (Sports Beverage, Food Additive, Infant Nutrition, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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The Report Covers German Whey Protein Brands and is Segmented by Type (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein), by Application (Sports and Performance Nutrition, Infant Formula, and Functional/Fortified Food).
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According to Cognitive Market Research, the global protein powders market size will be USD 6142.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2457.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1842.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1412.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 307.13 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 122.85 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
The wet oils category is the fastest growing segment of the protein powders industry
Market Dynamics of Protein Powders Market
Key Drivers for Protein Powders Market
Advancements in Protein Powder Formulations and Flavors Propels Market Growth
Advancements in protein powder formulations and flavors are significantly propelling the growth of the protein powders market. Manufacturers are increasingly focusing on enhancing the nutritional profile of protein powders, incorporating a blend of plant-based, whey, and other protein sources to cater to diverse dietary preferences. Additionally, innovations in flavors have made protein powders more appealing to a broader range of consumers, with options such as chocolate, vanilla, and even exotic flavors. This has helped overcome the initial taste barriers that many consumers faced. Furthermore, the development of specialized formulations for muscle recovery, weight management, and overall wellness is attracting health-conscious individuals, fueling further market growth. For instance, in October 2023, Protyze announced the launch of its latest innovation, Nitro Clear Whey Protein. This advanced protein supplement combines high-quality whey protein isolate with creatine monohydrate, aimed at helping athletes and fitness enthusiasts achieve peak performance.
Increased Focus on Weight Management and Muscle Recovery Drives Market Growth
The protein powders market is experiencing significant growth due to the increased focus on weight management and muscle recovery. As consumers become more health-conscious, they seek convenient ways to maintain or improve their fitness levels. Protein powders are increasingly seen as essential for muscle repair, weight loss, and maintaining an active lifestyle. Athletes, fitness enthusiasts, and even the general population are incorporating protein supplements into their routines to support muscle recovery and enhance metabolism. Additionally, the growing popularity of protein-rich diets for fat loss and lean muscle gain has further fueled market demand. With the rise of fitness trends, the protein powders market continues to expand globally.
Restraint Factor for the Protein Powders Market
Cultural Preferences for Traditional Diets Hindering Protein Powder Adoption
Cultural preferences for traditional diets in many regions are one of the key factors hindering the adoption of protein powders. In areas where plant-based or meat-heavy meals are deeply ingrained in daily life, consumers may resist incorporating protein supplements into their routines. Traditional food sources are often seen as sufficient for protein intake, with a reluctance to embrace unfamiliar or processed alternatives. Additionally, in cultures where natural or whole foods are highly valued, protein powders may be perceived as unnecessary or artificial. This cultural resistance can slow market growth as companies need to invest in educating consumers and creating culturally relevant products to shift these attitudes toward protein supplementation.
Impact of Covid-19 on the Protein Powders Market
The COVID-19 pandemic had a significant impact on the protein powders market. During the pandemic, there was an increased focus on health and immunity, leading to higher demand for nutritional supplemen...
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Austria Protein Supplements Market is segmented by product type (powder, RTD shakes, and protein bars), source (whey, casein, soy, and other sources), and distribution channel (supermarket/hypermarkets, pharmacies/ drugstores, specialist retailers, online retail, and other channels). The report offers market size and forecasts in value (USD million) for the above segments.
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India Whey Protein Market to grow from USD 92.03 Million in 2023 to USD 125.2 Million by 2030, with a 5.08% CAGR, driven by a shift towards plant-based whey protein.
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The Report Covers Whey Protein France Market and is Segmented by Form (Concentrates, Hydrolyzed, Isolates) and End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, and Supplements).
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The report covers Chinese Whey Protein Powder Manufacturers and the market is segmented by Form (Concentrates, Hydrolyzed, and Isolates), End User (Animal Feed, Food and Beverages, Personal Care and Cosmetics, and Supplements). The market size and forecasts for China's whey protein market are provided in terms of value (USD) for all the above segments.