Microparticulated Whey Protein Market Forecast by 2033

The Condensed Whey  Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Condensed Whey  Global Market Report 2024, The condensed whey market size has grown strongly in recent years. It will grow from $3.05  billion in 2023 to $3.35  billion in 2024 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 $4.8  billion in 2028 at a compound annual growth rate (CAGR) of 9.4%.  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.

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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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

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.

The condensed whey  market report table of contents includes:

 

1. Executive Summary
2. Condensed Whey Market Characteristics
3. Condensed Whey Market Trends And Strategies
4. Condensed Whey Market – Macro Economic Scenario
5. Global Condensed Whey Market Size and Growth

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31. Global Condensed Whey Market Competitive Benchmarking
32. Global Condensed Whey Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Condensed Whey Market
34. Condensed Whey Market Future Outlook and Potential Analysis
35. Appendix

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