Markntel Advisors’ report, Indonesia Whey Protein Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Indonesia Whey Protein presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Indonesia Whey Protein Market Research Report & Market Summary:
The Indonesia Whey Protein Market is estimated to grow at a CAGR of around 9% during the forecast period, i.e., 2024-30. The factors responsible for the growth in the demand for whey protein in Indonesia are the increasing geriatric population, growing health consciousness among individuals, and increased accessibility due to the expansion of retail outlets. Over the past few years, the elderly population of Indonesia has increased considerably. As per the World Bank, around 10,695,193 females were nearly 65 and above in 2022, up from 10,052,920 in 2019. Similarly, the number of males aged 65 and over increased from 7,722,886 in 2019 to 8,196,389 in 2022.
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Indonesia Whey Protein Market Dynamics:
Key Driver-
Higher Prevalence of Chronic Diseases Surging the Demand – Indonesia faces a significant burden of illnesses, such as obesity and diabetes due to genetic predisposition & unhealthy eating habits. Based on the statistics by the International Diabetes Federation, as of 2021, there were approximately 19 million diabetic patients, with projections indicating an increase to 23 million by 2030 and 28 million by 2045. These health issues can adversely affect the other vital organs, like the heart.
Therefore, the consumers suffering from these disorders are conscious about their calorie intake. These patients prefer food products, such as Whey Protein that help in reducing glucose levels in the blood and result in better disease management. Following this, the demand for whey protein products in Indonesia is rising, propelling the overall Indonesia Whey Protein Market.
Indonesia Whey Protein Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product Type
- Whey Protein Concentrate (WPC)- Market Size & Forecast 2019-2030, USD Million
- Whey Protein Isolate (WPI)- Market Size & Forecast 2019-2030, USD Million
- Whey Protein Hydrolysate (WPH)- Market Size & Forecast 2019-2030, USD Million
The Whey Protein Concentrate (WPC) holds a notable market share in the Indonesia Whey Protein Market. WPC has high protein content compared to the other products, therefore, consumers that require higher protein based on their Body Mass Index (BMI) tend to purchase this protein. In addition, it contains low fats & calories, approximately 2% to 3%, making it suitable for the inhabitants exercising for weight loss. Along with this, WPC has essential amino acids that help in balancing the hormones in the body. Therefore, for the overall development of the body, the individuals choose WPC.
By Application
- Sports Nutrition- Market Size & Forecast 2019-2030, USD Million
- Food & Beverages- Market Size & Forecast 2019-2030, USD Million
- Dietary Supplements- Market Size & Forecast 2019-2030, USD Million
- Animal Feed- Market Size & Forecast 2019-2030, USD Million
By Distribution Channel
- Online Stores- Market Size & Forecast 2019-2030, USD Million
- Supermarkets/Hypermarkets- Market Size & Forecast 2019-2030, USD Million
- Pharmacies- Market Size & Forecast 2019-2030, USD Million
- Specialty Stores- Market Size & Forecast 2019-2030, USD Million
Online Stores held a significant share of the Indonesia Whey Protein Market. The market growth has been attributed to the increasing digital literacy across Indonesia which has led more and more Indonesians to become accustomed to the digital world.
By Region
- Java
- Sumatra
- Kalimantan (Borneo)
- Bali
- Rest of Indonesia.
As indicated in the latest market research report published by Markntel Advisors, “Indonesia Whey Protein Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Indonesia Whey Protein industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
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Top Companies Operating in the Indonesia Whey Protein Market:
- Fantastic Nutrition, Inc.
- Glanbia plc
- Fonterra Co-Operative Group Limited
- Iovate Health Sciences International Inc.
- Muscle Feast, LLC
- BellRing Brands, Inc.
- Alaya Naturals
- Nutrabolt
- THG plc
- Promix Nutrition
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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