Global Condensed Whey Market by Product (Plain, Acid, Sweetened), by Application (Animal Feed, Food & Beverage) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global condensed milk market was valued at USD 2.54 Billion in 2018. It is expected to grow by 8.4% over the forecast period. The market is expected to grow due to rising awareness about the importance of whey for improving muscle strength and physical appearance among athletes. The adoption of functional foods will be encouraged by the rising disposable income of middle-class incomes in developing countries like Brazil, China, India, and India.

The presence of immunoglobulin in whey products is believed to boost immune system support. This helps maintain blood pressure. Condensed whey has been used in many applications over the years. These include bakery products and jams, as well as confectionery that contains rich Branched Chain Amino Acids (BCAA). This will drive product demand over the next few years.

Condensed Whey is a protein component that contains high levels of amino acids. This makes it a popular choice for athletes and other health-conscious individuals. Condensed whey is also a great tool for women who want to lose weight, gain muscle and improve their athletic performance. Consuming moderate amounts of condensed milk can reduce the amount of ghrelin, which is an appetite-stimulating hormonal, and result in a reduction of hunger and weight loss.

This product can also be used in the formulation of infant food formulas to meet their nutritional needs. The extensive branding campaigns by regulator bodies for child health have resulted in significant spending on infant care in developed countries like Germany, France and the U.K. This is expected to lead to new opportunities in the near future. Optimum Premium, IdealLean, and others have introduced condensed whey products for women over the last few years. These products are designed to help with weight loss, as well as building toned and lean muscles.

Product Insights

In 2018, the market for plain condensed products generated a total revenue of USD 1.22 trillion. Plain condensed milk is pasteurized. It is used in various products such as meat products, beverages, and dairy products. In 2018, the market for plain condensed milk generated a revenue of USD 1.22 billion. The product contains protein content that promotes muscle growth and helps to repair muscle tissue. High levels of leucine are also found in the product, which helps to promote muscle protein synthesis, growth, and decrease of fat tissue.

Sweetened whey has a healthier ingredient than sugar and offers excellent flavor properties and enhanced taste characteristics. These product types are expected to be worth USD 1.63 billion in 2025. By 2025, acid whey products will account for more than 15% of the global market share. This product provides superior delivery of amino acids, which aids in building stamina as well as giving you extra energy during workouts.

Application Insights

In 2018, food and beverages generated more than USD 1.74 trillion in revenue. Condensed whey is being used more often in baking, which has improved the properties of baked goods, such as viscosity and foam formation. This will lead to this segment seeing growth. This product form can also improve texture and infuse confectioneries with low hygroscopicity.

From 2019 to 2025, the CAGR for animal feed will be 8.0%. This product is used as a feed additive. It has many benefits, including increased weight gain, improved feed efficiency, protein and fat digestion. Condensed product consumption among animals can also improve mineral absorption and retention.

Regional Insights

North America accounted for over 45% of condensed milk market share in 2018, accounting for more that 45%. The region's growth is expected to be driven by high demand for acid, sweetened and plain whey products in the coming years. USA Dairy Company (USA) and Optimum Nutrition(ON) are the top manufacturers in the U.S. A high consumer awareness about muscle building, particularly among youths from Canada and the U.S. has played a critical role in promoting condensed whey forms.

In 2018, Europe generated more than USD 800 millions in revenue. France, Germany and the U.K. are key markets. High concentrations of dairy processing plants in countries such as France, Ireland, and the U.K. are expected to attract food and beverage companies to tie up and enter the condensed milk industry value chain in the near future.

Asia Pacific will see the fastest CAGR of 9.1% between 2019 and 2025. New growth opportunities are expected to be opened by a rapidly growing middle class in countries like China, Japan and South Korea. The governments of emerging economies like India and China are expected to support investment in the domestic food processing sector.

Market Share Insights & Key Companies

Agri-Mark Inc., Dairy Farmers of America, Associated Milk Producers Inc., and Leprino Foods Company are the major market players. Optimum Nutrition. New product launches and strategic partnerships with distributors are expected to be key success factors. The industry will face increasing concerns about the availability of dairy product feedstock due to changing climate patterns and reduced cattle yields in countries like New Zealand, China and India. This is expected to be a major challenge for the future.

Report Scope on Condensed Whey Market

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and offers an analysis of industry trends for each sub-segment from 2015 to 2025. Grand View Research segmented the global condensed milk market report by product, distribution channel and region.

• Product Outlook (Revenue USD Million, 2015-2025)

  • Plain

  • Sweetened

  • Acid

• Application Outlook (Revenue USD Million, 2015-2025)

  • Food & Beverage

    • Dairy Products

    • Bakery Products & Confectionery

    • Sauces, soups, and dressings

    • Jams and jelly

    • Meat Products

  • Animal Feed

  • Other

• Regional Outlook (Revenue USD Million, 2015-2025)

  • North America

    • The U.S.

  • Europe

    • Germany

  • Asia Pacific

    • China

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa

These are the most frequently asked questions about this report

b. Global condensed whey markets were valued at USD 2.8 billion in 2019, and are expected to grow to USD 3 billion by 2020.

b. Global condensed milk market is expected grow at 8.4% compound annual growth rate from 2019-2025, to reach USD4.5 billion by 2025.

b. North America was the dominant condensed milk market in 2019, with a 45.2% share. This can be attributed to the high demand for acid whey products, including plain, sweetened and sweetened whey.

b. Agri-Mark Inc., Dairy Farmers of America, Associated Milk Producers Inc., and Leprino Foods Company are some of the key players in the condensed whey industry. Optimum Nutrition.

b. The market is growing due to rising awareness about physical appearance and nutritional importance of whey for muscle strength.

Up Market Research published a new report titled “Condensed Whey Market research report which is segmented by Product (Plain, Acid, Sweetened), by Application (Animal Feed, Food & Beverage), By Players/Companies Agri-Mark Inc; Dairy Farmers of America; Associated Milk Producers Inc; Leprino Foods Company; and Optimum Nutrition”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Condensed Whey Market Report Segments:

The market is segmented by Product (Plain, Acid, Sweetened), by Application (Animal Feed, Food & Beverage).

Condensed Whey Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Condensed Whey Market

Overview of the regional outlook of the Condensed Whey Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Condensed Whey Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Condensed Whey Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Plain

                2. Acid

                3. Sweetened

                1. Animal Feed

                2. Food & Beverage

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Condensed Whey Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Condensed Whey Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.