Asia-Pacific whey protein ingredients market finds its application in infant nutrition, clinical nutrition, and sports food and beverages in general. The whey protein ingredients market in APAC is growing at a CAGR of 13.59% ($Mn) and a CAGR of 4.73% (KT) owing to the growing urbanization coupled with the influence of westernized food dietary influence which is impacting the market positively during the forecasting years of 2019-2027.
The market in Australia is labeled as a major exporter of whey proteins as it utilizes around xx% of its own production. Sports nutrition and supplemented diets became need-of-the-hour to the fitness and health conscious Australian population. This in turn, drove the market for whey protein thereby leaving a positive impact on the market in this region.
The market in the APAC region gets restricted exponentially by keeping whey product out of the reach of consumers, with lower expendable income due to the high cost levied on the dealers due to which the market is affected negatively in the forecast period.
Fonterra Co-Operative Group Limited, Saputo Ingredients, Danone SA, Arla Foods, Grande Custom Ingredients, Warrnambool Cheese & Butter Factory, Westland Milk Products, Meggle Group, Leprino Foods Co., Milk Specialties, Omega Protein, Erie Foods International, Inc., Cargill Incorporated, American Dairy Products Institute, and Agropur MSI, LLC are the major companies mentioned in the report.