Product Code: ETC187900 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Indonesia Whey Protein market currently, in 2023, has witnessed an HHI of 1716, Which has increased slightly as compared to the HHI of 1444 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Indonesia whey protein market is expected to grow at a significant CAGR over the forecast period. This growth is attributed to increasing health awareness among consumers, rising urbanization and disposable income, growing demand for nutritional products as part of balanced diets, and increased product availability through retail outlets and e-commerce platforms. Moreover, innovative product launches with superior taste profiles, improved packaging formats and attractive pricing are further driving the growth of Indonesia whey protein market.
Increasing prevalence of veganism has been the most influential trend in recent years in Indonesia whey protein market. Consumers have shifted toward plant based alternatives due to its perceived health benefits such as lower cholesterol levels & saturated fat content than animal or dairy based proteins like whey proteins. Furthermore, manufacturers have also started introducing new vegan-friendly formulations which include ingredients such as brown rice protein isolate & pea protein concentrate coupled with natural flavoring agents for enhanced taste experience; these factors are anticipated to drive the overall demand for vegan proteins in Indonesia over the forecast period.
Health consciousness among Indonesia consumers has been steadily on an upward trajectory resulting into healthy diet consumption habits including usage of dietary supplements like whey proteins that help meet daily nutrient requirements without sacrificing indulgence factor | thus supporting Indonesias? adoption rate towards them; this constitutes one of major drivers propelling growth prospects of Indonesia Whey Protein Market during upcoming timeframe until 2031 end point analysis.
The outbreak of COVID-19 has caused a dramatic decrease in demand for whey protein products in Indonesia due to the closure of gyms, fitness centers and health clubs. This has led to a sharp decline in sales volume for whey protein manufacturers, resulting in decreased revenue and profits.
Whey proteins are considered expensive compared to other sources of dietary proteins, such as plant based proteins (e.g., soy). As such, this could present a challenge to manufacturers as they try to convince consumers that whey is worth its price tag. Other challenges include lack of awareness about the benefits of consuming whey protein among Indonesia consumers and limited availability and access for consumers who live outside major cities.
Some key players within the Indonesia whey protein market include PT Nutrifood Indonesia, Ultimate Nutrition Inc., Fonterra Co-operative Group Limited (New Zealand), Hilmar Ingredients (USA), Glanbia plc (Ireland) and Bioprosper Labs (India).
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Indonesia Whey Protein Market Overview |
3.1 Indonesia Country Macro Economic Indicators |
3.2 Indonesia Whey Protein Market Revenues & Volume, 2021 & 2031F |
3.3 Indonesia Whey Protein Market - Industry Life Cycle |
3.4 Indonesia Whey Protein Market - Porter's Five Forces |
3.5 Indonesia Whey Protein Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Indonesia Whey Protein Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Indonesia Whey Protein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Indonesia Whey Protein Market Trends |
6 Indonesia Whey Protein Market, By Types |
6.1 Indonesia Whey Protein Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Indonesia Whey Protein Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Indonesia Whey Protein Market Revenues & Volume, By Whey Protein Isolates, 2021-2031F |
6.1.4 Indonesia Whey Protein Market Revenues & Volume, By Whey Protein Concentrates, 2021-2031F |
6.1.5 Indonesia Whey Protein Market Revenues & Volume, By Whey Protein Hydrolysates, 2021-2031F |
6.2 Indonesia Whey Protein Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Indonesia Whey Protein Market Revenues & Volume, By Nutritional Supplements, 2021-2031F |
6.2.3 Indonesia Whey Protein Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.4 Indonesia Whey Protein Market Revenues & Volume, By Food & Beverages, 2021-2031F |
6.2.5 Indonesia Whey Protein Market Revenues & Volume, By Animal Feed & Pet Food, 2021-2031F |
7 Indonesia Whey Protein Market Import-Export Trade Statistics |
7.1 Indonesia Whey Protein Market Export to Major Countries |
7.2 Indonesia Whey Protein Market Imports from Major Countries |
8 Indonesia Whey Protein Market Key Performance Indicators |
9 Indonesia Whey Protein Market - Opportunity Assessment |
9.1 Indonesia Whey Protein Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Indonesia Whey Protein Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Indonesia Whey Protein Market - Competitive Landscape |
10.1 Indonesia Whey Protein Market Revenue Share, By Companies, 2024 |
10.2 Indonesia Whey Protein Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |