Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Condensed Whey Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
Projected growth of the condensed whey market from $3.05 billion in 2023 to $4.8 billion by 2028 at a CAGR of 9.4%.
The report offers an in-depth analysis of critical growth factors, market trends, and future prospects. This essential read covers the historical period and forecasts impressive growth until 2028, centered around rising consumer health consciousness and burgeoning bakery and dairy sectors.
Key Insights from the Condensed Whey Global Market Report:
- Numerous applications in diverse sectors including bakery products, confectionery, animal nutrition, and dairy products.
- Innovations like Nutrilac ProteinBoost and Lacprodan IF-7390 Organic highlight a commitment to evolving consumer preferences and the pursuit of new market opportunities.
- Strategic acquisitions, such as Leprino Foods’ acquisition of Glanbia Cheese UK and Glanbia Cheese EU, are setting the stage for international expansion and increased market share.
Trends and Drivers Steering the Market
The condensed whey market is experiencing an upswing driven by the global shift towards healthier food options and increased protein consumption. The report identifies critical factors stimulating the market's growth:
- Technological advancements in dairy product manufacturing.
- Increased awareness of the nutritional benefits of whey protein leading to its heightened inclusion in dietary regimes.
- Urbanization and lifestyle changes contributing to the rise in dairy and bakery product consumption.
Geographical Expansion Defines Market Dynamics
Analysis of international markets reveals that North America currently leads as the largest condensed whey market, owing to robust dairy production and consumer demand. However, Asia-Pacific is emerging as the fastest-growing region, anticipated to experience significant growth during the forecast period due to a growing middle-class population and heightened health awareness.
Industry Leaders Shaping the Future
The report features leading companies poised to shape the industry's future landscapes, such as Agri-Mark Inc., Dairy Farmers of America, and Arla Foods AMBA. These organizations are at the forefront of market innovation, responding to consumer health trends and environmental sustainability, likely guiding market trajectories in the coming years.
This detailed report underscores the importance of condensed whey in modern food processing and provides a strategic roadmap for stakeholders seeking to navigate the market's future. As industries continue to pivot towards consumer-centric products, condensed whey stands out as a component of strategic significance, catering to health trends and nutrition-conscious consumers.
With the food and beverage industry progressively interlacing health, taste, and sustainability, the condensed whey market's journey is one to watch. This report encapsulates its vibrant present and charts the ascendancy of this burgeoning market.
A selection of companies mentioned in this report includes
- Agri-Mark Inc.
- Berkshire Dairy and Food Products LLC.
- Chicago Dairy Corporation
- Dairy Farmers of America
- Foremost Farms USA Cooperative Inc.
- Associated Milk Producers Inc.
- Leprino Foods Company Inc.
- Fonterra Co-operative Group Limited
- Saputo Inc.
- Agropur Dairy Cooperative
- Optimum Nutrition Inc.
- Arla Foods AMBA
- Glanbia plc
- Lactalis Group
- Hilmar Cheese Company Inc.
- Kerry Group plc
- Lacto Japan Co. Ltd.
- Royal FrieslandCampina NV
- Darigold Inc.
- Schreiber Foods Inc.
- California Dairies Inc.
- Land O'Lakes Inc.
- First District Association
- Great Lakes Cheese Co. Inc.
- Kraft Food Ingredients Corp.
- Milk Specialties Global Co.
- Pacific Cheese Co. Inc.
- Prairie Farms Dairy Inc.
- Savencia Fromage & Dairy Pvt. Ltd.
- Swiss Valley Farms Cooperative
For more information about this report visit https://www.researchandmarkets.com/r/fsdm10
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