Whey is used to make whey proteins, which are created as a byproduct of making cheese. Whey is a protein-rich food that is also used as a dietary supplement. Whey proteins are made up of both basic and prolonged chains of amino acids. Compared to other acids, they are metabolised by the body more quickly. The consumption of protein has a number of advantages, including aiding in muscle recovery and lowering the ratio of unnecessary muscle to fat. Infant formula, bread goods, confectionery, and pharmaceutical products are other products that use whey protein. When compared to other protein sources in milk, such as egg and soy, whey protein is a more expensive type of protein. It is also used to reduce weight loss in HIV-affected people and prevent hypersensitivity reactions among new born children.
Indonesia Whey Protein Market Driving Factors and Challenges
Over the course of the projected period, the Indonesia whey protein market is anticipated to expand at a considerable CAGR. This expansion is linked to expanding urbanisation, rising disposable income, rising demand for nutritional items as part of balanced diets, and rising product availability through brick-and-mortar stores and online marketplaces. The expansion of the Indonesian whey protein market is also being fueled by the introduction of cutting-edge products with superior flavour profiles, enhanced packaging designs, and competitive pricing.
The most significant development in the Indonesian whey protein market over the past few years has been the rise in vegetarianism. Due to perceived health benefits including lower cholesterol and saturated fat content compared to animal or dairy-based proteins like whey proteins, consumers have turned towards plant-based alternatives. The overall demand for vegan proteins is expected to increase in Indonesia over the forecast period as a result of manufacturers beginning to release new vegan-friendly formulations that contain ingredients like brown rice protein isolate and pea protein concentrate combined with natural flavouring agents for enhanced taste.
But there are still challenges in the market for whey protein in Indonesia. When compared to alternative dietary protein sources, such as plant-based proteins (like soy), whey proteins are seen to be pricey. As a result, this could be difficult for producers as they work to persuade customers that whey is worth the price. Other difficulties include Indonesian consumers' lack of knowledge of the advantages of whey protein consumption and the product's restricted accessibility and availability for those who live outside of major cities.
Impact of COVID-19 on Indonesia Whey Protein Market
The demand for goods containing whey protein has significantly decreased as a result of the COVID-19 epidemic forcing the closure of gyms, fitness centres, and health clubs in Indonesia. This has significantly decreased sales volume for whey protein producers, which has decreased income and profitability. On the other hand, the pandemic's mounting health worries have raised the public's interest in products that promote immunity. Because protein is crucial for improving immunity, customers regularly utilise protein supplements to fill in the gaps in their regular protein intake. The market for whey protein products is expected to increase as long as these trends remain.
Indonesia Whey Protein Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; AB "Rokiskio suris", Carbery Group Ltd., FrieslandCampina Ingredients, Glanbia plc, Lactalis Ingredients, SBH Foods Private Lim, Others.
Indonesia Whey Protein Market Segmentation:
By Type: Based on the Product Type, Indonesia Whey Protein Market is segmented as; Whey Protein Concentrates, Whey Protein Hydrolysates, Whey Protein Isolates.
By Application: Based on the Application, Indonesia Whey Protein Market is segmented as; Animal Feed & Pet Food, Food & Beverages, Nutritional Supplements, Personal Care.
By Region: This research also includes data for Northern Region, Southern Region, Eastern Region, Western Region.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.