Global Whey Protein Powder Market to Grow at 15% CAGR till 2024
Rising health consciousness and increasing disposable income to drive global whey protein powder market through 2024.
According to TechSci Research
report, “Global Whey
Protein Powder Market By Type, By Distribution Channel, By Region,
Competition, Forecast & Opportunities, 2024”, global
whey protein powder market is projected to grow at a CAGR of over 15% during 2019-2024, on the back of growing health awareness and increasing demand for
health and dietary supplements pre or post workout. Moreover, rising awareness
regarding the improvement of dietary nutrient content and its positive effect
on the immune system are bolstering global whey protein powder market. Additionally,
increasing demand for whey protein from FMCG companies is expected to have a
positive impact on the market during forecast period.
Browse market data Tables and Figures spread through 110 Pages and an in-depth TOC on "Global Whey Protein Powder Market"
https://www.techsciresearch.com/report/whey-protein-powder-market/3992.html
In terms of distribution channel, global whey protein
powder market has been segmented into store-based retail and non-store-based
retail. The store-based retail segment accounted for majority share of the
global market for whey protein powder in 2018. The non-store-based retail is
witnessing healthy growth, owing to increasing popularity of the e-commerce
market. Moreover, e-commerce and technology are transforming this category with
new user experiences, where luxury brands and small start-ups alike are racing
to embrace e-commerce, making this channel even stronger. Asia-Pacific whey
protein powder market is anticipated to register fastest growth in coming
years, backed by increasing population, rising awareness related to lifestyle
diseases and improving living standards in developing countries like India and
China.
“Increasing
consumption of dietary products which contain whey protein such as concentrate,
isolate and hydrolysate, both post- and pre-workout, coupled with continuing
growth in food & beverages industry where whey protein is used as an
ingredient is anticipated to boost demand for whey protein powder during forecast
period. Moreover, increasing focus of industry players on expanding whey
protein production is expected to have a positive impact on the market over the
next five years.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=3992
Customers can also request for 10% free customization on this report.
“Global Whey Protein Powder Market By Type,
By Distribution Channel, By Region, Competition, Forecast & Opportunities,
2024” has evaluated the future growth potential of global whey protein powder market
and provides statistics and information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global whey protein powder market.
About TechSci Research
TechSci
Research is a leading global market research firm publishing premium market
research reports. Serving 700 global clients with more than 600 premium market
research studies, TechSci Research is serving clients across 11 different
industrial verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708
Third Avenue,
Manhattan,
NY,
New
York – 10017
Tel:
+1-646-360-1656
Email: [email protected]