The global Condensed Whey market is expected to reach a market valuation of US$ 2,626 million by 2023, recording a CAGR of 5.9% from 2023 to 2033.
Whey, which is just the liquid that remains after milk has been strained and curdled, is one of the largest reservoirs of food protein now on the market. Whey is a casein or cheese by-product that is a fantastic source of both protein and carbs. One of the main sources of protein is whey proteins, which are made up of immunoglobulins, protease-peptones, lactoglobulin, and serum albumin. Based on the source, whey is divided into sweet and acidic varieties. When hard cheeses like Swiss or cheddar are processed, sweet whey is produced.
| Condensed Whey Market Size (2023E) | US$ 2,626 million |
| Condensed Whey Market Projected Size (2033F) | US$ 4,658 million |
| Value CAGR (2023 to 2033) | 5.9% |
| Top 3 Countries Marketing Share | 70.9% |
It is vital to transform this proteinaceous whey into a condensed or powdered form because it is highly perishable and has very limited utility in liquid form. Condensed whey is the term for the liquid that is produced when whey condenses, which decreases the volume and enhances the consistency of the liquid. When dried into powder form, condensed whey is sold as a necessary component for a variety of food products intended for both human and animal use.
In our new study, ESOMAR-certified market research and consulting firm Future Market Insights (FMI) offers insights into key factors driving demand for Condensed Whey.
| Market Statistics | Details |
| Jan–Jun (H1), 2021 (A) | 5.5% |
| Jul–Dec (H2), 2021 (A) | 5.3% |
| Jan–Jun (H1),2022 Projected (P) | 5.4% |
| Jan–Jun (H1),2022 Outlook (O) | 5.3% |
| Jul–Dec (H2), 2022 Projected (P) | 5.1% |
| Jul–Dec (H2), 2022 Outlook (O) | 5.2% |
| Jan–Jun (H1), 2023 Projected (P) | 5.4% |
Due to the presence of immunoglobulin, which regulates blood pressure, whey product forms are thought to support immune systems. Condensed whey has been employed as a functional ingredient in a variety of items during the past few years, including confectionary, jams and jellies, and bread goods. These products include rich Branched Chain Amino Acids (BCAA). In the upcoming years, it is predicted that this aspect will fuel product demand.
Condensed whey is considered a protein ingredient with a high concentration of amino acids which prompts its consumption among sports athletes and health-conscious people. Furthermore, the product also acts as a key tool for women to lose fat, gain muscle, and improve athletic strength.
Some of the key factors predicted to propel the expansion of the global market include rising demand for healthy food products and expanding awareness of healthy lifestyles. The increasing use of dietary food supplements and whey protein products for muscle building is another factor that is projected to boost target market revenue growth. The expansion of dairy food processing facilities in developed and developing nations is another element anticipated to fuel the target market's expansion during the forecast period.
However, excessive consumption of whey or food products containing whey protein may cause allergic reactions in certain people, which is a major factor anticipated to restrain the growth of the global market over the forecast period.
Whey Protein Market:
| Attributes | Whey Protein Market |
| CAGR (2023 to 2033) | 7% |
| Market Value (2023) | US$ 10,643 million |
| Growth Factor | The main reasons propelling the growth of the whey protein market are consumer awareness of a healthy diet, a rising trend of health clubs and fitness centers, and a high interest among young people in sports and nutrition. |
| Key Trend | Whey protein is frequently utilized to increase biological value, produce foods with superior physical, textural, and other functional features, enhance sensory qualities, and construct high-protein, low-lactose products. |
Reduced Lactose Whey Market:
| Attributes | Reduced Lactose Whey Market |
| CAGR (2023 to 2033) | 6% |
| Market Value (2023) | US$ 11,522 million |
| Growth Factor | There are several uses for reduced lactose whey in the food and beverage sectors. It is a useful and affordable source of dairy solids. |
| Key Trend | The reduced lactose whey is processed at no additional cost, and the lactose is eliminated using a physical separation process. Reduced lactose whey powder, which is highly sought after in end-use sectors, may be produced by cheese producing enterprises for relatively little money. |
With more than 45% of the market share, North America dominated the condensed whey market. Throughout the upcoming years, it is projected that strong demand for plain, sweetened, and acid whey products will accelerate regional expansion. The top producers in the United States are The USA Dairy Corporation and Optimum Nutrition (ON). Condensed whey forms have been made more useful by increased consumer knowledge of muscle growth, notably among young people from the United States and Canada.
Throughout the forecast period, Asia Pacific is anticipated to have the fastest CAGR of 9.1%. It is anticipated that the rapidly expanding middle-class populations in nations like China, Japan, Indonesia, South Korea, Malaysia, and India would create new economic opportunities. The governments of growing economies like China and India are also expected to support investment-friendly policies in domestic food processing sectors, which is expected to further fuel growth.
Around USD 800 million in revenue was produced in Europe. France, Germany, the United Kingdom, Italy, Spain, and Poland are important markets in this area. The high concentration of dairy processing facilities in nations like the United Kingdom, Ireland, and France is anticipated to entice food and beverage firms to form their alliances and enter the value chain of the condensed whey industry in the near future.
A total of USD 1.22 billion was made on the market for simple condensed products. Pasteurized plain whey is utilized as a dietary component in a variety of products, including dairy products, beverages, and meat items. This product has a high concentration of amino acids, which are essential for promoting muscle growth and repairing damaged muscle tissue. Leucine, which is present in high concentrations in the product and encourages the synthesis of muscle protein, muscle growth, and fat tissue loss, is also present.
More than $1.74 billion was made in sales from food and beverages. Condensed whey is being more widely used in the creation of baked goods, which has improved properties such as viscosity, foam formation, emulsification, and dough strengthening. As a result, this market is predicted to expand. Moreover, both baked goods and confectioneries that use this product form will have improved textural attributes and reduced hygroscopicity.
The debut of a new SMP HHHS for condensed milk whey, a skimmed milk powder, by French dairy products company Lactalis in June 2020. Because it is stable at the temperature of in-can sterilisation, this skimmed milk powder, known as HHHS, can be used to manufacture evaporated and sweetened condensed milk.
For an undisclosed sum in 2020, Leprino Foods, a US-based producer of cheese, lactose, whey protein, and sweet whey, bought the entire stock of Lactojara Indstria e Comércio de Laticnios. Leprino hopes to grow its clientele in both Brazil and the US with this acquisition. The Brazilian company Laticinios Damatta Industria e Comercio Ltda produces natural cheese, processed cheese, cheese dishes, cheese spreads, and cheese substitutes.
| Attribute | Details |
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | US$ million for Value and Metric Ton for Volume |
| Key Regions Covered | North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa |
| Key Countries Covered | United States of America, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, Japan, South Korea, India, Thailand, Indonesia, Malaysia, Singapore, Australia, New Zealand, GCC countries, North Africa, South Africa, others. |
| Key Segments Covered | Product Type, End Use, and Region |
| Key Companies Profiled |
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| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The Condensed Whey Market is valued at US$ 2,626 million for 2023.
The Condensed Whey Market valuation is expected to be US$ 4,658 million in the year 2023.
The value of CAGR for the Condensed Whey Market is estimated to be 5.9%.
The x segment would garner a significant market value share by 2023.
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Condensed Whey Market
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