Philippines Whey Protein Market Overview: Driving Forces Behind Rapid Growth & Expansion

How Big is the Philippines Whey Protein Market?

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. Growth has been driven by a number of factors, including increasing consumer proclivity toward health & wellness and growing consumer awareness of the benefits associated with whey protein intake. The whey protein market has also been driven by a considerable percentage of the younger population living in this country. This demography has been more inclined towards fitness & sports. Also, consumers who visit gyms and health clubs on a regular basis should be taking an intake of a protein-rich diet. Therefore, this population has sharply enhanced the demand for whey protein in the Philippines which has supported market growth.

Market Statistics

Market Growth Rate (CAGR): 6.44% from 2024-2030

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Philippines Whey Protein Market Insight:

Driver-

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.

Philippines Whey Protein Market Segmentation:

The report has segmented the market into the following categories:

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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Competitive Landscape:

V3 Group
WheyLabs
Iovate Health Sciences International Inc.
Glanbia plc
USN UK Limited
SANN Corp
Athlene Nutrition
Nestlé S.A.
NutraBio Labs, Inc.
Nutrex Research, Inc.

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key Highlights of the Report:

Market Performance (2024-2030)
Strategic Recommendations
Current, Historical and Future Market Trends
Market Drivers and Leading Competitor
SWOT Analysis
Structure of the Market
Comprehensive Mapping and Recent Advancement

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