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The “Europe Whey Protein Market” report has been added to ResearchAndMarkets.com’s offering.
Europe Whey protein market accounted for the largest market share of around 34% of the global market revenue in 2020. The market was worth $3,128 billion in 2020 and is expected to grow at the CAGR of 6.9%.
Increasing market revenue in this region is due to the increase in the geriatric population and fitness clubs. Of all the major economies in Europe, the UK accounts for around 18% of the total whey protein market, followed by Germany, France, Russia, Spain , and Italy. Russia’s whey protein market is forecasted to be the fastest-growing in the region at the CAGR of 8.1%.
Changing socio-economic trends and dietary patterns in Europe has led to a shift in dietary patterns leading to an increased demand for plant proteins over animal proteins. The rising trend of fitness centers and health clubs is estimated to drive the whey protein market in the near future. In addition, the growth in the market has been demand-driven from the sports and infant formula industry.
Furthermore, growing negative publicity and corresponding concern towards the harmful effects of meat and meat products is creating demand for substitute protein products, creating a …
Full story available on Benzinga.com
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