Rising
health consciousness and increasing disposable income to drive global whey
protein powder market through 2024
According to TechSci Research
report, “Global
Whey Protein Powder Market By Type, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024”, global
whey protein powder market is projected to grow at a CAGR of over 15% during 2019-2024, on the back of growing health awareness and increasing demand for
health and dietary supplements pre or post workout. Moreover, rising awareness
regarding the improvement of dietary nutrient content and its positive effect
on the immune system are bolstering global whey protein powder market. Additionally,
increasing demand for whey protein from FMCG companies is expected to have a
positive impact on the market during forecast period.
Browse xx market data Tables and
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"Global Whey Protein Powder
Market"
In terms of distribution channel, global whey protein
powder market has been segmented into store-based retail and non-store-based
retail. The store-based retail segment accounted for majority share of the
global market for whey protein powder in 2018. The non-store-based retail is
witnessing healthy growth, owing to increasing popularity of the e-commerce
market. Moreover, e-commerce and technology are transforming this category with
new user experiences, where luxury brands and small start-ups alike are racing
to embrace e-commerce, making this channel even stronger. Asia-Pacific whey
protein powder market is anticipated to register fastest growth in coming
years, backed by increasing population, rising awareness related to lifestyle
diseases and improving living standards in developing countries like India and
China.
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“Increasing consumption of dietary products which contain
whey protein such as concentrate, isolate and hydrolysate, both post- and
pre-workout, coupled with continuing growth in food & beverages industry
where whey protein is used as an ingredient is anticipated to boost demand for
whey protein powder during forecast period. Moreover, increasing focus of industry
players on expanding whey protein production is expected to have a positive
impact on the market over the next five years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global
Whey Protein Powder Market By Type, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024” has evaluated the future growth
potential of global whey protein powder market and provides statistics and
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global whey protein powder market.
About TechSci Research
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