The Europe Whey Protein Market would witness market growth of 11.9% CAGR during the forecast period (2020-2026). Whey protein is extracted during the cheese manufacturing process and is popular choice for enhancing athletic performance. It is considered as an ideal alternative to milk for lactose-intolerant people. The demand for whey protein ingredients is increased due to surge in consumption of dietary supplements and functional food among consumers. The increasing young population across the globe prefers regular exercising, casual sports, and give huge importance to enhanced protein diet. Moreover, the preferences towards sports and fitness have rapidly increased, thereby boosting the demand for nutritional supplements and drinks.
Over the past few years, profitable growth possibilities are created for whey protein manufacturers due to the increasing health-consciousness around the world. Healthy lifestyle has gained traction owing to concerns regarding food sensitivity and increasing disease burden across the globe. The market growth is fueled by the rising consumers spending on different protein and related supplements. The demand for health-oriented food items is fueled by the increasing adoption of an active & healthy lifestyle by the consumers.
Moreover, manufacturers are getting profitable growth opportunities due to increasing financial stability and increasing disposable income. It is expected that people will increase their spending on these products owing to rising healthcare awareness and obesity concerns. Furthermore, people are willing to spend on several products like protein powders and associated supplements. The rapid rise of the food industry due to the increasing population, growing health awareness, and increasing purchasing power, is anticipated to push the market dynamics during the forecast years.
Based on Type, the market is segmented into Whey Protein Concentrates, Whey Protein Isolates and Whey Protein Hydrolysates. Based on Applications, the market is segmented into Nutritional Supplements, Food & Beverages, Personal Care and Animal Feed & Pet Food. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: Whey Protein Market in Europe is expected to register a CAGR of 11.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saputo, Inc., Glanbia PLC, Fonterra Co-operative Group Limited, Arla Foods Amba, Carbery Group Ltd., Lactalis Group, Olam International Limited, Maple Island, Inc., Leprino Foods Company and Agropur Dairy Cooperative (Davisco Foods International, Inc.)
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