Global Whey Protein Market 2019 – 2020
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According to the report The
Global Market for Whey and Lactose Ingredients 2017–21, the global whey protein
(powder and concentrate) market grew at a CAGR of around 4% during 2010–17
reaching a volume of 4.1 million metric tons in 2017.
At constant 2017 prices, the
market value is forecasted to surpass US$9 billion by 2021, corresponding to
average annual growth of 4%.
The global market value for
pharmaceutical and conventional lactose, which is typically obtained as
co-product to whey proteins, along with permeate powder increased to almost
US$2.3 billion in 2016, also benefitting from recovering prices, and is expected
to reach US$2.7 billion in 2021, implying a compounded annual growth rate of 4%
over the forecast period at constant prices.
A clear product trend of
adding value to the whey pool has become apparent as high-end protein products,
that is, WPC80, WPI, as well as demineralized WP90,
#protein #biotech #dairy #milk #WPC #WPI
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