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Whey is the watery liquid that remains after the coagulation of the casein proteins in cheese making. Whey contains most of the lactose and about 20% of the protein in milk. It is mainly consisted of lactose, proteins and minerals.
The technical barriers of whey are low, and the whey market concentration degree is relatively lower. The manufacturing bases scatter around the world close to the milk and cheese manufacturing bases; the main milk and cheese producers are distributed in USA, Europe, and New Zealand, such as European producers like Euroserum FrieslandCampina and Lactalis Ingredients etc., Hilmar Cheese Company Leprino Foods Company and Saputo Ingredients etc. from USA, and Fonterra from New Zealand.
The key factors driving the growth of the aforementioned industry are health awareness and household income. With the improvement of people's awareness of health and household income, the increased consumption of whey is expected to continue during the remaining years of the forecast period of 20162021. Whey industry will usher in a huge growth space.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. A significant growth opportunity is attracting more manufacturers to enter the industry. The Competition in Whey market will become more intense.
Over the next five years, LPILP Information projects that Whey will register a 4.1% CAGR in terms of revenue, reach US$ 109400 million by 2023, from US$ 86200 million in 2017.
This report studies the global market, especially in North America, Europe, AsiaPacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:
Hilmar Cheese CompanyUS
Leprino Foods CompanyUS
Devondale Murray GoulburnAU
Swiss Valley FarmsCH
Associated Milk ProducersUS
Brewster Cheese CompanyCH
Dairygold CoOperative SocietyUK
Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 forecast, like
North America United States, Canada and Mexico
AsiaPacific China, Japan, Southeast Asia, India and Korea
Europe Germany, UK, France, Italy and Russia etc.
South America Brazil, Chile, Peru and Argentina
Middle East and Africa Egypt, South Africa, Saudi Arabia
Split by Product Types, with sales, revenue, price, market share of each type, can be divided into
Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into
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