The Middle-East and Africa Whey Protein Market was worth $0.55 billion in 2016 and estimated to be growing at a CAGR of 6.9%, to reach $0.76 billion by 2021.
Whey protein is traditionally a by-product of cheese manufacturing; watery portion of milk separated from curd. It contains all 20 essential amino acids that human body requires and is considered as a complete food. The whey protein has high demand among infants in need of protein diets, athletes, lactose allergic population and body building enthusiasts. In a short span, whey has come a long way from being a by-product to becoming one of the highly sophisticated industries effective in food/food derivate segment today.
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Increasing number of health conscious consumer, increasing number of health clubs and fitness centres and rise in disposable income of people are some of the factors acting as major driving force for whey protein ingredient market. High manufacturing cost involved, Stringent regulatory affairs, health & safety concerns and required certifications for marketing are the major factors hindering the whey protein market growth.
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The Middle-East and Africa Whey Protein market is segmented on the basis of type into Whey protein concentrate (WPC), Whey protein isolate and Whey protein hydrolysate. WPC, which is high in lactose and low in protein, leads the market with highest number of shares. It is mainly used in the production of nutritional supplements and protein beverages. On the basis of application the market is segmented into Dairy, Bakery, Dietary supplements, Confectionery, Pharmaceuticals and Instant formula. Dietary supplements sector is the largest segment and expected to remain the same in the forecast period.
Based on geography the Middle-East and Africa market is analysed under regions namely, Middle-East and Africa. Africa whey protein market is estimated to grow at highest CAGR in the forecast period.
Some of the key players influencing the whey protein market dynamics are Agropur MSI, DMK Group, Arla Foods, Hilmar Cheese Company, Glanbia, American Dairy Products Institute, Davisco Foods International Inc., Milk Specialties Global, and Maple Island, Inc.
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