The Business Research Company’s report on the Condensed Whey Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the condensed whey market in recent years?
The growth in the bakery and confectionery industry is expected to propel the growth of the condensed whey market. Condensed whey is used in dairy products, bread, and other bakery products by providing better structure, porosity, freshness retention, and taste of the final product while improving the nutritive value. For instance, in May 2023, according to Canada.ca, a Canada-based government website, in the United States, from 2022 to 2026, baked goods retail sales expanded at of 2.2%, reaching US$75.8 billion. Therefore, the growth in the bakery and confectionary industry is driving the condensed whey market growth.
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What is the projected market size of the condensed whey industry, and how is it expected to grow?
The condensed whey market size has grown strongly in recent years. It will grow from $3.35 billion in 2024 to $3.67 billion in 2025 at a compound annual growth rate (CAGR) of 9.7%. The growth in the historic period can be attributed to increasing demand for dairy-based products, industrialization of dairy production, health and wellness trends, food waste reduction, regulatory support: gtion.
The condensed whey market size is expected to see strong growth in the next few years. It will grow to $5.24 billion in 2029 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to global population growth, health-conscious consumers, sustainability concerns, e-commerce growth, research and development, international trade agreements, consumer education. Major trends in the forecast period include plant-based and dairy-free alternatives,clean label products, functional ingredients, flavored varieties, online retail and d2c sales.
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Who are the key players driving competition in the condensed whey market?
Major companies operating in the condensed whey market include Agri-Mark Inc., Berkshire Dairy and Food Products LLC., Chicago Dairy Corporation, Dairy Farmers of America, Foremost Farms USA Cooperative Inc., Associated Milk Producers Inc., Leprino Foods Company Inc., Fonterra Co-operative Group Limited, Saputo Inc., Agropur Dairy Cooperative, Optimum Nutrition Inc., Arla Foods AMBA, Glanbia plc, Lactalis Group, Hilmar Cheese Company Inc., Kerry Group plc, Lacto Japan Co. Ltd., Royal FrieslandCampina NV, Darigold Inc., Schreiber Foods Inc., California Dairies Inc., Land O’Lakes Inc., First District Association, Great Lakes Cheese Co. Inc., Kraft Food Ingredients Corp., Milk Specialties Global Co., Pacific Cheese Co. Inc., Prairie Farms Dairy Inc., Savencia Fromage & Dairy Pvt. Ltd., Swiss Valley Farms Cooperative
What key trends are expected to drive the concrete sealer market during the forecast period?
New product launches are a key trend gaining popularity in the condensed whey market. Companies in the market are launching new, improved condensed whey products to increase revenues and the consumer base. For instance, in April 2023, Arla Foods Ingredients, a Denmark-based provider of food ingredients, launched Nutrilac ProteinBoost to meet the needs of health-conscious consumers and manufacturers. Nutrilac ProteinBoost can provide up to 15% protein content in high-protein ice cream and deliver a clean, neutral dairy taste.
Which key geographies are driving the growth of the condensed whey market?
North America was the largest region in the condensed whey market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the condensed whey market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the condensed whey market?
The condensed whey market covered in this report is segmented –
1) By Product: Plain Condensed Whey, Sweetened Condensed Whey, Condensed Acid Whey
2) By Application: Food and Beverage, Bakery Products, Confectionery, Sauces, Soups, and Dressings, Jams and Jellies, Meat Products, Animal Nutrition and Feed
Subsegments:
1) By Plain Condensed Whey: Unflavored Plain Condensed Whey, Unsweetened Plain Condensed Whey
2) By Sweetened Condensed Whey: Sugar-Sweetened Condensed Whey, High Fructose Corn Syrup-Sweetened Condensed Whey
3) By Condensed Acid Whey: Acid Whey from Cheese Production, Acid Whey from Yogurt Production
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How is the condensed whey market defined?
Condensed whey is defined as a dense fluid that is remained after milk has been strained and coagulated. Whey is one of the main existing storages of food protein as it contains immunoglobulins, ß-lacto globulin, serum albumin, protease-peptones, and a-lactalbumin. It is also the resulting food ingredient from the manufacturing of cheese when protein and butterfat are removed from the milk.
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