Whey Book The Global Market for Whey and Lactose Ingredients October A Business Consulting
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1 Whey Book 2016 The Global Market for Whey and Lactose Ingredients October 2016
2 WHEY BOOK 2016 Global Market for Whey and Lactose Ingredients WHEY AND LACTOSE MARKETS KEEP GROWING IN VOLUME AND STARTING TO RECOVER IN VALUE in 2016 PROTEIN TREND A VERY STRONG DRIVER FOR WHEY PROTEIN The new WHEY BOOK 2016 on whey and lactose products from demonstrates, how whey and lactose ingredients continue to show higher volume growth rates than the general food and food ingredients market, despite the state of the global economy and the global dairy markets. The WHEY BOOK 2016 covers the global market in terms of whey and lactose production, trade and demand, new product launches, investments, mergers and acquisition and a market outlook towards It is tempting to say that demand for whey and lactose just keeps growing at least in volumes, irrespective of the relative poor performance of the global economy and the state of the dairy industry, says Tage Affertsholt, Partner of. For the forecast period , the assessment is that the whey industry altogether will be able to keep up with demand, giving large investments undertaken by the industry in recent years in capacity and technology, and by better utilization of the liquid raw material available. Generally supply and demand is not forecasted to be significantly out of balance, however some significant investments undertaken do provide short term imbalances, says Affertsholt. Whey powder and whey proteins represent a global market value of approx. USD 4.9 billion in 2015, significantly down compared to 2013 given the relatively low global prices for the last 2 years, although showing clear signs of recovery in Given constant prices, the market value is forecasted to reach approx. USD 6.1 billion in 2020, corresponding to an average annual value growth towards 2020 of 4%. Lactose, pharmaceutical lactose and permeate powder markets are globally worth USD 1.6 billion in 2015, a figure estimated to exceed USD 1.9 billion in 2020 and likewise implying an average annual growth of 4% over the forecast period at constant prices. The major players in the whey and lactose ingredient industry are the leading dairy- and cheese companies in the world such as Lactalis, FrieslandCampina, Fonterra, Arla Foods, Saputo, Glanbia, Murray Goulburn, DMK/Wheyco, Leprino, Agropur/Davisco, Sachsenmilch, Savencia/Armor Proteines, Sodiaal/Euroserum and Hilmar. Specialist whey and lactose ingredient companies such as Milk Specialties Global, Meggle, Milei, Volac, Carbery, and Dairygold also play an important role in the global market place. The world s two largest dairy companies - Nestlé and Danone - are rarely actual producers; they are however major end-users of whey and lactose ingredients, e.g. for infant formulas. Further, many FMCG companies such as the Coca Cola company, expand their product portfolio to new product ranges including protein fortified soft drinks. The protein trend is really a global mega-trend playing into the hands of the whey industry, says Affertsholt, and this will be illustrated in the report through new products launched with claims of high protein content. The report shows several clear product trends. For whey, the high-end protein products - WPC80, isolates and hydrolysates have been growing by double-digit figures, whereas whey powder and other low-end products are stagnating. The nutritional sectors infant formula, sports nutrition, clinical nutrition, healthy aging etc. are the drivers for the strong growth in the high-end protein ingredients. Another trend is the ongoing consolidation of the industry, exemplified with the Agropur acquisition of Davisco and the Fonterra strategic alliances in Europe. EU-28 and the US are both the largest producers and major markets for whey products, whereas Asia has become the major market for permeate powder and is reaching for the top spot for lactose, currently held by the EU. The Asian region including China is expected to show the highest demand growth for the period. Growth in production of high-end protein products i.e. WPC80, WPI and WPH is mainly driven by the US, whereas growth in WP, DWP and lactose production is expected to originate in the EU. In terms of export, the EU and the US are by far the key exporters globally, while China is dominating in terms of whey and lactose imports.
3 Scope and objectives The primary objective of this report is to provide the reader with an overview of the historical, current and expected future global and regional market for whey and lactose products based on a comprehensive assessment and characterisation of production, utilisation, demand, product development trends, pricing, import/export issues and industry/company developments. The areas covered in this report are: Regional market size volumes for whey and lactose ingredients Detailed regional and world trade flows Key company presentations Current applications, end-use segments and new product launches per ingredient Market outlook Future balance of supply and demand towards 2020 Investments, industry mergers and acquisitions including strategic alliances The geographical scope and focus of the report is the total global whey and lactose market, together with seven individual regional markets as per below: EU-area (henceforth EU), consisting of EU-28 and the EFTA 1 countries North America, consisting of the US and Canada Oceania, consisting of Australia and New Zealand Latin America, including all Middle- and South American countries CIS-area, consisting of Russia, Belarus, and Ukraine Asia, assessed as the major economies in the Asian region Middle East and Africa, assessed as all major non-asian, non-european mainland countries plus major African countries The product scope and focus of this report is on the following whey and lactose products: Whey powder Demineralised whey powder Delactosed whey powder Whey protein concentrates Whey protein isolate Whey protein hydrolysates Lactose Permeate powder In order to offer an overview as representative as possible, different sources have provided the basis for this report. Because very few official statistics are available in relation to many of these products, a wide range of information has been gathered, analysed and integrated into a coherent document facilitating what can be defined as a best estimate. For the purpose of the trade analysis, it is necessary to combine whey and lactose products into certain categories. These include WP/DWP/WPC, WPC80/WPI and lactose. The statistical trade data gathered for use within these three categories are collected from UN Comtrade by using the following product HS codes for WP/DWP/WPC, HS and HS for WPC80/WPI and HS and HS for lactose. The Whey Book The Global Market for Whey and Lactose Ingredients is the best possible approximation in relation to global production, supply and demand, trade and utilisation of dairy ingredient products such as WP, WPC, WPI, WPH, lactose and permeate. Time frame: and Price The report is available in an electronic and/or hardcopy version and is priced at EUR 6, European Free Trade Association (EFTA) consists of Norway, Switzerland, Iceland and Lichtenstein
4 Timing The report is published October 2016
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7 SUBSCRIPTION/ORDER FORM Please send me copy/copies of Whey Book 2016 The Global Market for Whey and Lactose Ingredients EUR Complete report (1 hard copy) at x EUR 6,400 Further hard copies at EUR 100 / copy x EUR 100 Complete Electronic Version (1 user) x EUR 6,400 SUBTOTAL Danish customers VAT 25% TOTAL METHOD OF PAYMENT Please invoice me on purchase order no. I enclose a cheque made payable to I have arranged a direct bank transfer for the sum of EUR to Account No at Sydbank A/S Swift SYBK DE22 - Iban No. DE Company Name VAT No. Address Tel Fax www Signed Date For Europe only: Please remember your VAT No. on the order form Please fax this order form back to: or it to - ta@3abc.dk For further information please contact Tage Affertsholt by Tel or ta@3abc.dk
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