LONDON–(BUSINESS WIRE)–Technavio has announced the top five leading vendors in their recent global whey protein ingredients market report from 2017-2021. This market research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
Due to the presence of strong players in the market as well as the existence of many small and medium-sized players in the market the global whey protein ingredients market is highly competitive. The market is expected to grow at a CAGR of more than 10% during the forecast period. Manufacturers are trying to match the growing demand with the changing preferences of customers, in terms of taste and ingredients. Owing to the preference for food that contains whey protein ingredients, manufacturers of food and beverages, supplements, and others tend to use whey proteins in various product formulations. Major consumers of whey protein ingredients are sports nutrition product manufacturers and supplement manufacturers.
According to Manjunath Reddy, a lead analyst at Technavio for food, “The global whey protein ingredients market is fragmented with the presence of many regional and global players. These vendors are competing on innovation, new product development, price, and marketing activities. This will lead to new products being launched in the market complimenting its growth.”
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Technavio market research analysts identify the following key vendors:
Agropur (Davisco Business Unit)
Davisco Foods International is a family owned dairy company that supplies the finest dairy ingredients. The company produces various customized whey protein products including BiPRO, BioZate, Whey Protein Concentrate 80%, Alpha-lactalbumin, Lactose, and Premium Deproteinized Whey. The company is focused on providing high-quality whey protein products. It is planning to offer new whey protein products for various applications in industries such as food service, confections, sports nutrition, cosmetics, infant formula, nutraceuticals, and pharmaceuticals.
Arla Foods is a farmer-owned dairy company, which is one of the largest producers of organic milk products. It works with more than 12,700 other farmers across Europe. It processes healthy, natural, and high-quality dairy products for its customers. It makes use of raw materials got from sustainable dairy farming and has a worldwide presence with more than 30 brands.
Fonterra Co-operative Group
Fonterra Co-operative Group engages in the collection, manufacture, and sales of milk and milk derived products. The company offers a variety of ingredient products such as milk powder as well as casein and caseinates. Its products are used in beverages, nutrition bars, organic products and ingredients, sports nutrition products, and yoghurt. The company is focusing on providing ingredients that deliver real market advantage, high performance, and exceptional quality.
Glanbia has three business segments such as Glanbia Nutritionals, Global Performance Nutrition and Joint Ventures and Associates. The company has facilities in 34 countries. Its products are sold in over 130 countries. The company is keen on developing more convenient nutritional solutions that fit the active lifestyles and specific needs of consumers. The company is focusing on expanding globally. To increase its revenue, the company is focusing on four major macrotrends: Health and Wellness, Life on the Go, Active Lifestyles, and Clean Labelling.
Milk Specialties consists of three business units such as Milk Specialties Global Human Nutrition, Milk Specialties Global Animal Nutrition, and Milk Specialties International Group. The company is focused on creating specialty proteins that can optimize health and nutrition. It is keen on introducing innovation to enhance product performance and value.
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