According to Markntel Advisors Report, Philippines Whey Protein Market is expected to grow at a significant growth rate, and the analysis period is 2024-2030, considering the base year as 2023. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Whey protein is a high-quality protein derived from whey, the liquid portion of milk that separates during cheese production. It is rich in essential amino acids and bioactive compounds, making it a popular dietary supplement for muscle building weight management.
Philippines Whey Protein Market Research Report Summary:
The Philippines Whey Protein Market size is estimated to grow at a CAGR of around 6.44% during the forecast period, i.e., 2024-30.
Time Period Captured in the Report:
- Historical Years: 2019-22
- Base Years: 2023
- Forecast Years: 2024-2030
Who are the Key Players Operating in the Philippines Whey Protein Market?
The top companies of the Philippines Whey Protein Market ruling the industry are:
V3 Group, NutraBio, Iovate Health Sciences International Inc., Glanbia plc, USN UK Limited, SANN Corp., Athlene Nutrition, Nestlé S.A., NutraBio Labs, Inc., Nutrex Research, Inc., and Others
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What is Included in Philippines Whey Protein Market Segmentation?
The Philippines Whey Protein Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Product Type
-Whey Protein Concentrate (WPC)- Market Size Forecast 2019-2030, Thousand Tons
-Whey Protein Isolate (WPI)- Market Size Forecast 2019-2030, Thousand Tons
-Whey Protein Hydrolysate (WPH)- Market Size Forecast 2019-2030, Thousand Tons
-By Application
-Sports Nutrition- Market Size Forecast 2019-2030, Thousand Tons
-Food Beverages- Market Size Forecast 2019-2030, Thousand Tons
-Dietary Supplements- Market Size Forecast 2019-2030, Thousand Tons
-Others (Animal Feed, Infant Formula, etc.)- Market Size Forecast 2019-2030, Thousand Tons
-By Price Range
-Budget- Market Size Forecast 2019-2030, Thousand Tons
-Economy- Market Size Forecast 2019-2030, Thousand Tons
-Premium- Market Size Forecast 2019-2030, Thousand Tons
-By Distribution Channel
-Online Stores- Market Size Forecast 2019-2030, Thousand Tons
-Offline- Market Size Forecast 2019-2030, Thousand Tons
-Supermarkets/Hypermarkets- Market Size Forecast 2019-2030, Thousand Tons
-Pharmacies- Market Size Forecast 2019-2030, Thousand Tons
-Others (Specialty Stores, Convenience Stores, etc.)- Market Size Forecast 2019-2030, Thousand Tons
-By Region
-Luzon
-Visayas
-Mindanao
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Market Dynamics - Philippines Whey Protein Market:
Health Awareness and Lifestyle Changes Propel the Philippines Whey Protein Market- Sedentary lifestyles and a high intake of processed foods mostly go hand in hand with urbanization. Moreover, due to the increase in the working population in the country, the consumer does not have sufficient time to prepare healthful food for daily nutrition. Therefore, the risk of diabetes has been increasing over time in the country. For instance,
- Based on the International Diabetes Federation (IDF), the estimated number of people currently living with diabetes in 2021 is 4,303,900 in the Philippines. This would further increase to 5,456,300 by 2030 and 7,503,900 by 2045.
Doctors often encourage diabetes patients to keep a healthy weight and avoid the negative effects of this disease. Consequently, patients with diabetes have embraced whey protein, as its consumption lowers blood sugar levels by ensuring the body retains the necessary amount of insulin and achieves a healthy weight. Therefore, owing to the increasing prevalence of diabetes all over the Philippines, the demand for whey protein-based products has increased within the country, thereby boosting the overall Philippines Whey Protein Market.
In addition, the high burden of obesity, which is further increasing and most prevalent among adolescents, the Philippines provides unlimited opportunities for whey protein-based products. Obesity increases the risk of many diseases and health problems, such as heart disease high blood pressure. Thus, along with the trend of people being more conscious of the adversities of obese lifestyles, there would be a growing interest in healthier dietary choices. This would, hence, augment demand for whey protein supplementation in the Philippines and act as a significant driving force for market growth in the Philippines.
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