November 21, 2019
WELLESLEY, Mass., Nov.21, 2019– Rising popularity of cosmetic products in emerging markets due to increasing concerns regarding ageing coupled with dynamic climate is expected to promote industry growth. This in turn will have a positive impact on the whey protein ingredient market, according to a report by BCC Research, “Whey Protein: Current and Emerging Uses.”
The market expects to see a compound annual growth rate (CAGR) of 9.6% through 2025, when it could be worth $11.3 billion.
Read the full report here: https://www.bccresearch.com/market-research/food-and-beverage/whey-protein-market-report.html
“Glanbia Plc and Select Milk Producers Inc. announced its finalization of an earlier announced partnership to build, supply and operate a large-scale whey and cheese production facility in Michigan,” writes BCC analyst Vijay Laxmi. “This facility is expected to be commissioned in the second half of 2020.”
Whey Products in Asia-Pacific Expected to Grow Due to Sports Nutrition
Whey is extensively used in sports nutrition as they are a great source of protein and absorbed by the body faster than any other form of protein. Asia-Pacific is the world’s second largest market for sports nutrition and the growing awareness regarding better health is expected to promote the demand for whey ingredients. In addition, the growing culture regarding the intake of artificial protein supplements fortified with whey powder is further expected to promote the demand for whey ingredients in the region.
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Whey Protein: Current and Emerging Uses( FOD086A )
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