Global Condensed Whey Market Overview And Prospects – Includes Condensed Whey Market Share
Learn about the global condensed whey market through The Business Research Company, which provides information on condensed whey market size, condensed whey market drivers and restraints, condensed whey market players, the COVID-19 impact on the condensed whey market, and more.
The global condensed whey market size is expected to grow from $2.58 billion in 2021 to $2.80 billion in 2022 at a compound annual growth rate (CAGR) of 8.42%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global condensed whey market is expected to reach $4.95 billion in 2026 at a CAGR of 9.03%.
The growth in the bakery and confectionary industry is driving the growth of the condensed whey market.
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The condensed whey market consists of sales of condensed whey by entities (organizations, sole traders, or partnerships) that refer to a dense fluid that is remained after milk has been strained and coagulated. Whey is one of the main existing storages of food protein as it contains immunoglobulins, ß-lacto globulin, serum albumin, protease-peptones, and a-lactalbumin. It is also the resulting food ingredient from the manufacturing of cheese when protein and butterfat are removed from the milk.
Global Condensed Whey Market Segments Include:
By Product: Plain Condensed Whey, Sweetened Condensed Whey, Condensed Acid Whey
By Application: Food and Beverage, Bakery Products, Confectionery, Sauces, Soups, and Dressings, Jams and Jellies, Meat Products, Animal Nutrition and Feed
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the condensed whey market in 2021.
New product launches are a key trend gaining popularity in the condensed whey market. Companies in the market are launching new, improved condensed whey products to increase revenues and consumer base.
Major Market Players: Agri-Mark Inc, Berkshire Dairy and Food Products, 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 Inc, and Optimum Nutrition.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Condensed Whey Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides condensed whey market overviews, analyzes and forecasts market size, share, condensed whey market players, condensed whey market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s condensed whey market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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