India Whey Protein Ingredients Market - Forecast(2021 - 2026)

 India Whey Protein Ingredients Market Overview

India Whey Protein Ingredients Market size is estimated to be $860 million in 2019 and is projected to be growing at CAGR of 37.64% during the forecast period 2020-2025. The growing trend of fitness activities, especially among millennials and growing population, are the major factors increasing demand for whey protein ingredients in India. The popularity of sports nutrition is rising owing to a higher adoption rate of active lifestyle along with healthy food consumption. Thus rise in an active lifestyle and increased health consciousness have increased the consumption of high nutrient food and beverages. Whey protein ingredients are rich in protein and possess high nutritional value, which increase their use in various food and beverage applications. The most consumed whey protein ingredient end-products in India are chocolate protein powder, protein Supplements, protein smoothies, gym supplements, protein bars, electrolyte supplements, and fitness supplements.


Key Takeaways
  • Consumption of nutritional food products and beverages are increasing in India with rising health consciousness. 
  • Growing trend of healthy lifestyle and awareness on the ingredients that are being consumed, drive the market during the forecast period.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will also be provided in the India Whey Protein Ingredients market report. 
  • India, being a developing economy offers immense opportunity for various Whey Protein Ingredients companies to expand their operations here. 


By Product - Segment Analysis
Based on type, the market is segmented into whey protein concentrate, whey protein isolate, whey protein hydrolysates, and others. Among these, the whey protein isolates segment is forecast to have the fastest growth with a CAGR of 36.13% during the forecast period 2020-2025. This is mainly owing to the various advantages associated with the whey protein isolates such as being easily digestible, its efficiency of processing, and also wide range of applications. Additionally, the consumption of protein supplements for pre and post workouts have increased. The rise in the health-conscious population has also contributed to an increase in demand for such supplements. Whey protein isolates are an integral ingredient in these supplements. It offers benefits such as increased muscle mass, reducing tissue damage, and improved performance.


By Application - Segment Analysis
By Application, the sports nutrition segment dominates the India Whey Protein Ingredients market share in 2019. The rise in the health consciousness of consumers along with various sports-based products being launched in the market contributes to the dominance of this segment. However, in India, this fitness trend is largely confined to gyms and urban areas. However, marketing campaigns and celebrity endorsements are increasing the awareness among the general population, which in turn is drives the market in the coming years.


Drivers – India Whey Protein Ingredients Market

  • Rise In Population And Increased Disposable Income
Based on UN statistics, India's population is estimated at 1.38 billion in 2020. And as per the United Nation’s Department of Economic and Social Affairs, it is set to surpass China to become the most populous nation by 2027. This growth in population reflects an increase in the demand for various consumer goods and essential products including food and beverages. Thus, the demand for protein-based products especially dairy protein is also bound to increase. According to the World Bank, in 2018, India had a per capita income of $7,680 PPP (Purchasing Power Parity). And the per capita income has risen 6.8% during 2019-2020 as per data from the Ministry of Statistics and Programme Implementation (MoSPI). This depicts the increase in the purchasing power of consumers over the years. Thus, with the availability of more disposable income, the purchase of products, including whey protein products increases. These factors are to drive the market during the forecast period 2020-2025.
Location: United States

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