The Business Research Company’s Condensed Whey Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 22, 2022 /EINPresswire.com/ — The growth in the bakery and confectionery industry is expected to propel the growth of the condensed whey market. Condensed whey is used in dairy products, bread, and other bakery products by providing better structure, porosity, freshness retention, and taste of the final product while improving the nutritive value. According to the Houston Chronicle, a US-based daily newspaper company, The American Bakers’ Association reported that the economic impact of baked goods produced and sold in the U.S. was estimated at $423 billion. In addition, retail bakeries generated around $3 billion in revenues, and commercial bakeries sold $31 billion in products. According to the condensed whey market analysis, the growth in the bakery and confectionary industry is driving the growth of the market.
TBRC’s global condensed whey market research report is segmented by product into plain condensed whey, sweetened condensed whey, condensed acid whey, by application into food and beverage, bakery products, confectionery, sauces, soups, and dressings, jams and jellies, meat products, animal nutrition and feed.
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The global condensed whey market size is expected to grow from $2.58 billion in 2021 to $2.80 billion in 2022 at a compound annual growth rate (CAGR) of 8.42%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global condensed whey market share is expected to reach $4.95 billion in 2026 at a CAGR of 9.03%.
New product launches are one of the key condensed whey market trends gaining popularity. Companies in the market are launching new, improved condensed whey products to increase revenues and consumer base. For instance, IdealLean, a US-based company that produces condensed whey products and protein powders, launched whey-based protein powder for women. The IdealLean protein is low in sugar and fat which help in controlling the overall calorie thus helping in weight loss.
Major players covered in the global condensed whey industry are Agri-Mark Inc, Berkshire Dairy and Food Products, Chicago Dairy Corporation, Dairy Farmers of America, Foremost Farms USA Cooperative Inc, Associated Milk Producers Inc., Leprino Foods Company Inc, Fonterra Co-operative Group Limited, Saputo Inc, Agropur Inc, and Optimum Nutrition.
Condensed Whey Global Market Report 2022 – By Product (Plain Condensed Whey, Sweetened Condensed Whey, Condensed Acid Whey), By Application (Food and Beverage, Bakery Products, Confectionery, Sauces, Soups, and Dressings, Jams and Jellies, Meat Products, Animal Nutrition and Feed) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a condensed whey market overview, forecast condensed whey market size and growth for the whole market, condensed whey market segments, geographies, condensed whey market trends, condensed whey market drivers, restraints, leading competitors’ revenues, profiles, and market shares.
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