India Whey Protein Market to be Driven by Northern India
Increasing disposable income, growing demand for
health and dietary supplements, and surging demand from FMCG companies to drive
India whey protein market through 2022
According
to TechSci Research report, “India
Whey Protein Market By Type, By Application, Competition Forecast &
Opportunities, 2012 – 2022”, whey protein market in India is projected
to grow at a CAGR of more than 20% during 2017-2022. Whey protein consumption
is expected to be driven by growing health awareness, increasing demand for health and
dietary supplements pre or post workout, and rising demand for whey protein
from FMCG companies. North India is expected to remain the largest
demand generating region for whey protein through 2022, owing to increasing disposable
income and aggressive marketing campaigns and promotions by the leading
companies operating in the region.
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Glanbia Nutritionals Inc., Parag Milk Foods Ltd., Fonterra Co-operative
Group Ltd., Davisco Foods International Inc., Gujarat Cooperative Milk
Marketing Federation (Amul) and Arla Foods Ingredients Group P/S are some of the leading players in India whey protein market. India whey protein market can be broadly categorized
into dietary nutrition, food & beverages, pharmaceutical and others on the
basis of application. Food & beverages segment dominated the country’s whey
protein market in 2016, on account of increasing popularity of food &
beverage products containing whey protein across the country.
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“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 continue boosting
demand for whey protein in India during forecast period. Also, increasing focus
of domestic players on expanding whey protein production is expected to have a
huge 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.
“India Whey Protein Market
By Type, By Application, Competition Forecast & Opportunities, 2012 – 2022”
has evaluated the future growth potential of India whey protein market and
provides statistics and information on market structure, size, share and future
growth. The report is intended 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 present in India whey protein market.
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