Whey Powder - Procurement Best Practices & Sourcing Strategies

Procurement Market Intelligence Report

Whey Powder – Procurement Best Practices & Sourcing Strategies

Whey Powder Market – Executive Summary, Value Chain Analysis, Global Market Analysis, Regional Market Analysis, Industry Analysis, Market Monitoring Dashboard & Insights, Impact of Brexit, Purchasing Process: RFP/RFI Builder, Supplier Analysis, Sustainability Initiatives

1. Executive Summary
1.1. Summary of the Key Highlights
1.2. COVID-19 Impact
2. Value Chain Analysis
2.1. Dairy Derivatives: Value Chain
2.2. Whey: Value Chain
2.3. Whey: Value Addition and Commoditization
2.4. Production and Manufacturing Technology
3. Global Market Analysis
3.1. Supply–Demand analysis
3.2. Trade Dynamics
4. Regional Market Analysis
4.1. North America
4.2. Europe
4.3. Oceania
5. Industry Analysis
5.1. Porter’s Five Forces Analysis
6. Market Monitoring Dashboard & Insights
6.1. Cost Structure Analysis
6.2. Price Trend Analysis
7. Impact of Brexit
7.1. Trading Relationships and UK’s Import Dependency
7.2. Supplier Base
7.3. Price Movements
8. Purchasing Process: RFP/RFI Builder
8.1. RFP/RFI Builder
9. Supplier Analysis
9.1. Supplier Profile
9.2. Supplier SWOT
10. Sustainability Initiatives
10.1. Sustainability Initiatives
10.2. Sustainability Best Practices: Case Studies

What is the present trajectory of the global whey powders market?


As per ELINT Market Research, the whey powders segment is gaining massive attraction with a promising 2.5% rise in surplus from 2021-2022 compared to the average of the last five years.


What key factors are pushing the whey powders market in an upward trajectory?


Continuous rise in the health-conscious population, rising traction from the sports industry, and increasing popularity of clean-label products emerge as the most significant factors pushing the market growth.


Which segment has dominated the whey powders market in recent years?


The nutritional segment captures the most significant share percentage of the global market. Increasing consumer demand for high-quality dietary products and various offerings drives segment growth.


Global Whey Powders Market Size


The latest statistics from the ELINT Market Research’s market analysis show a favorable landscape for the highly dynamic whey powders market, indicating a favorable trajectory for the industry. As per the research analysis, surplus whey suppliers are a crucial factor boosting the promising trend, with a rise of 2.5% in 2021-2022 compared to the last five-year average. The stock surplus highlights the robust manufacturing capacity, notifying an optimistic industry landscape for whey powders. In addition, the global whey production also crossed 2.98 million metric tonnes (MMT) in 2021-2022, implying the market’s adaptiveness in fulfilling consumer demand.


The positive trajectory is bolstered by the top sourcing areas, with North America dominating in 2022 with a competitive price of $1,187 per metric tonne (MT) for whey. This pricing reflects a supply surplus and the tactical positioning of critical production hubs. Furthermore, the research predicted that global whey consumption would reach 2.45 MMT in 2022, indicating a robust market demand with abundant supply. These numbers depict a whey powders market expanding due to excess inventory, worldwide manufacturing capabilities, favorable sourcing regions, and steady consumer demand. As a result, stakeholders in the industry can be confident in current market dynamics, fostering an environment conducive to innovation and development.


Market Definition


Whey powders comprise the dry form of whey, a liquid byproduct of cheese production. This adaptable ingredient is a superb nutritional supplement with applications in the food and beverage sectors since it contains excellent protein sources, minerals, lactose, and vitamins. Whey powder is a versatile fundamental ingredient in the food and beverage industries. It finds application in various items, including nutritional supplements, athletic food formulations, bakery foods, dairy products, and infant formula.


Whey Powders Market Drivers


  • Innovations in Product Formulations: Product Formulation Innovations: Constant R&D efforts lead to new whey powder formulae that suit individual dietary demands and tastes.


  • Rising Demand in Sports Nutrition: Whey powders are highly popular in sports and fitness as nutritional supplements due to their quick absorption and muscle-mending qualities.


  • Growing Health Consciousness: A significant driver of the whey powders market is the growing awareness of whey protein’s positive health effects, such as developing muscles and maintaining weight.



Whey Powders Market Challenges


  • Stringent Regulatory Standards: Compliance with strict quality and safety norms provides challenges for market participants, demanding continuing investments in research and development to meet compliance criteria.


  • Rivalry from Plant-Based Alternatives: Consumers are in constant search for alternatives, which often leads to attraction towards plant-based protein substitutes, creating competition for the whey powders industry


  • Volatile Raw Material Costs: The global whey powders industry often faces hurdles due to constant shifts in raw material prices, such as milk, directly influencing manufacturing prices.


Whey Powders Market Opportunities


  • Rising Demand in Emerging Regions: The unexplored industries from several developing countries offer lucrative growth opportunities for market participants to boost their brand reach.


  • Increasing Applications in Functional Foods: The uniqueness and high versatility of whey powder products make them favorites in functional foods, propelling a vast growth scope.


  • Growing Popularity of Ready-to-Drink Beverages: The growing popularity of ready-to-drink beverages among the younger generation creates significant opportunities for manufacturers to benefit from the emerging demands.


Whey Powders Market Trends


  • Demand for Clean-Label Products: As consumers started preferring clean-label products, the whey powders market is experiencing an increase in creating clean and transparent formulas.


  • Emphasis on Sustainable Practices: Market players embrace sustainable and eco-friendly processes in manufacturing whey powders to meet growing customer demand for environmentally conscious products.


  • Trend of Personalized Nutrition: Several leading brands focus on developing personalized nutritional formulas to manage individual-tailored fitness and wellness goals efficiently.


Whey Powders Market Segmentation


  • Type: Based on type, the research classifies the market into Concentrate, Isolate, and Hydrolysate.


  • Application: In terms of application, the research divides the market into Food and Beverages, Nutritional Supplements, and Animal Feed.


  • End-Use: As per end-use, the research segments the market into Sports and Fitness, Infant Nutrition, and Clinical Nutrition.


Regional Dynamics


The overall dynamics of the global whey powders market influence the frequency and dynamics of trends that shape the regional production, consumption, and trade aspects. Europe participates in production and consumption, accounting for 61% of global production and 40% of global whey powder consumption. The United States comes in second in production and consumption, with a 30 percent share. Europe dominates the export market with a 61 percent share, while China plays an important role, accounting for 11 percent of worldwide exports. Similarly, Europe accounts for 61% of imports, with China accounting for 12%.


The complicated connection between production, consumption, export, and import shows the whey powders industry’s worldwide interdependence, with Europe functioning as a primary center. Various factors, including technological breakthroughs, raw material availability, regulatory frameworks, and financial aspects, shape the geographical dynamics observed in the market.


Engagement Models


Within the pivotal domain of engagement models related to the whey powders market, the outlook of supplier dynamics is crucial to understand. The supplier domain is an ideal combination of both single and few suppliers. As per the research, long-period contracts spanning 1-2 years are the basis trends, complementing stability and boosting needed strategic bonding between suppliers and stakeholders. Based on contract type, global contracts are norms, indicating the correlated domain of the whey powders industry across the globe. In addition, the supplier’s type often forms cooperative bonding, with the market players forcing cooperation and shared goals, fostering an ideal landscape among industry stakeholders.


Recent Activities in the Whey Powders Market


  • Arla Foods Ingredients, a prominent entity in the thriving dairy and nutrition market, has revealed its significant investments in Latin America. This investment aims to boost the production and distribution of top-quality whey powder and infant proteins. The targeted facilities will integrate modern technologies to maintain high-quality standards, fulfilling regulatory requirements on domestic and global stages.


  • Kellog, the fastest-growing food company, announces collaboration with Six Star, a promising sports nutrition company, to bring an innovative and modern product offering – cereal-flavored protein powder. As consumer choices evolve, the demand for attractive nutritional products continues to witness higher traction.


Whey Powders Market Players


The whey powders market is on a continuous rise, with the presence of leading players making significant contributions to overall market growth. Arla Foods, Saputo, Agropur Cooperative, FrieslandCampina, Volac International, etc, are some of the most active market participants. These industry participants dominate the market due to their comprehensive customer-centric portfolio, innovative product offerings, and dairy nutrition experience. New market entrants need effective strategies and product diversity to make a notable presence in the market and stay competitive to benefit from untapped opportunities.

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