Global Condensed Whey Market Will Generate New Growth Opportunities by 2025 by marketandreports · June 4 Solomon Thomas Jersey , 2019
Asia Pacific is expected to remain the fastest growing market, witnessing a CAGR of 9.1% from 2019 to 2025. Rising importance of wellness and fitness among working class professionals to maintain a healthy lifestyle in key markets such as Indonesia Dante Pettis Jersey , Malaysia, Thailand Mike McGlinchey Jersey , China, and India is expected to promote the utility of condensed whey products. Furthermore Matt Breida Jersey , the positive outlook towards food processing industry in the aforementioned countries is projected to open new avenues in near future.
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Food and beverage application generated more than 60% of market share in terms of revenue in 2018. The application is expected to witness significant rise owing to increased utility of condensed whey as a functional ingredient for manufacturing dairy products, baked goods George Kittle Jersey , confectionery, and jams on account of its exceptional solubility and nutritional characteristics.
Further key findings from the report suggest:
鈥?Demand for condensed products in Europe is expected to expand at a CAGR of 8.4% from 2019 to 2025 owing to the shifting preference towards healthy lifestyle and desires to have a better physical appearance among adults from the key markets such as Germany and Italy
鈥?Plain product forms generated more than USD 1.22 billion in 2018. The segment is expected to witness growth over the forecast period as this product is considered as rich in amino acid content which not only promotes muscular growth but also ensures muscle tissue repair
鈥?Key participants operating in the condensed whey market are Agri-Mark Inc.; Dairy farmers of America; Associated Milk Producers Inc.; and Leprino Foods Company. The manufacturing companies are expected to increase spending towards the formation of alliances with e-commerce portals to ensure the continuous product supply to buyers