DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific - Whey - Market Analysis, Forecast, Size, Trends and Insights" report has been added to ResearchAndMarkets.com's offering.
The revenue of the whey market in Asia-Pacific amounted to $1.5B in 2018, waning by -4.3% against the previous year.
This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The total market indicated buoyant growth from 2007 to 2018: its value increased at an average annual rate of +6.4% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, whey consumption increased by +9.0% against 2016 indices. The most prominent rate of growth was recorded in 2011 with an increase of 27% y-o-y. Over the period under review, the whey market reached its maximum level at $1.7B in 2013; however, from 2014 to 2018, consumption failed to regain its momentum.
Consumption By Country in Asia-Pacific
China (526K tonnes) constituted the country with the largest volume of whey consumption, accounting for a 42% share. Moreover, whey consumption in China exceeded the figures recorded by the region's second-largest consumer, Indonesia (128K tonnes), fourfold. Australia (91K tonnes) ranked third in terms of total consumption with a 7.3% share.
From 2007 to 2018, the average annual growth rate of volume in China amounted to +9.3%. The remaining consuming countries recorded the following average annual rates of consumption growth: Indonesia (+8.1% per year) and Australia (+6.3% per year).
In value terms, China ($555M) led the market, alone. The second position in the ranking was occupied by New Zealand ($159M). It was followed by Indonesia.
In 2018, the highest levels of whey per capita consumption was registered in New Zealand (15 kg per person), followed by Australia (3,674 kg per 1000 persons), Malaysia (2,644 kg per 1000 persons) and Thailand (853 kg per 1000 persons), while the world average per capita consumption of whey was estimated at 299 kg per 1000 persons.
From 2007 to 2018, the average annual growth rate of the whey per capita consumption in New Zealand totaled +23.5%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: Australia (+4.7% per year) and Malaysia (+3.7% per year).
Market Forecast 2019-2025 in Asia-Pacific
Driven by increasing demand for whey in Asia-Pacific, the market is expected to continue an upward consumption trend over the next seven-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.7% for the seven-year period from 2018 to 2025, which is projected to bring the market volume to 1.6M tonnes by the end of 2025.
Production in Asia-Pacific
The whey production amounted to 151K tonnes in 2018, approximately mirroring the previous year. In general, whey production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when production volume increased by 1.9% year-to-year. Over the period under review, whey production attained its peak figure volume at 155K tonnes in 2008; however, from 2009 to 2018, production stood at a somewhat lower figure.
In value terms, whey production totaled $160M in 2018 estimated in export prices. In general, whey production, however, continues to indicate a drastic curtailment. The growth pace was the most rapid in 2010 with an increase of 70% year-to-year. The level of whey production peaked at $433M in 2012; however, from 2013 to 2018, production failed to regain its momentum.
Production By Country in Asia-Pacific
Australia (99K tonnes) remains the largest whey producing country in Asia-Pacific, comprising approx. 65% of total production. Moreover, whey production in Australia exceeded the figures recorded by the region's second-largest producer, New Zealand (26K tonnes), fourfold. The third position in this ranking was occupied by China (20K tonnes), with a 13% share.
In Australia, whey production remained relatively stable over the period from 2007-2018. In the other countries, the average annual rates were as follows: New Zealand (+1.5% per year) and China (-1.1% per year).
Exports in Asia-Pacific
In 2018, the amount of whey exported in Asia-Pacific stood at 78K tonnes, jumping by 28% against the previous year. In general, whey exports, however, continue to indicate a measured decrease. The most prominent rate of growth was recorded in 2016 when Exports increased by 45% year-to-year. Over the period under review, whey exports attained their maximum at 99K tonnes in 2009; however, from 2010 to 2018, exports remained at a lower figure.
In value terms, whey exports amounted to $95M in 2018. Over the period under review, whey exports, however, continue to indicate a drastic setback. The most prominent rate of growth was recorded in 2011 with an increase of 30% y-o-y. Over the period under review, whey exports attained their maximum at $209M in 2012; however, from 2013 to 2018, exports stood at a somewhat lower figure.
Key Topics Covered:
Making Data-Driven Decisions to Grow Your Business
1.1 Report Description
1.2 Research Methodology and AI Platform
1.3 Data-Driven Decisions For Your Business
1.4 Glossary and Specific Terms
2. Executive Summary
A Quick Overview of Market Performance
2.1 Key Findings
2.2 Market Trends
3. Market Overview
Understanding the Current State of the Market and its Prospects
3.1 Market Size
3.2 Consumption By Country
3.3 Market Forecast to 2025
4. Most Promising Products
Finding New Products to Diversify Your Business
4.1 Top Products to Diversify Your Business
4.2 Best-Selling Products
4.3 Most Consumed Product
4.4 Most Traded Product
4.5 Most Profitable Product For Export
5. Most Promising Supplying Countries
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1 Top Countries to Source Your Product
5.2 Top Producing Countries
5.3 Top Exporting Countries
5.4 Low-Cost Exporting Countries
6. Most Promising Overseas Markets
Choosing the Best Countries to Boost Your Exports
6.1 Top Overseas Markets For Exporting Your Product
6.2 Top Consuming Markets
6.3 Unsaturated Markets
6.4 Top Importing Markets
6.5 Most Profitable Markets
The Latest Trends and Insights Into the Industry
7.1 Production Volume and Value
7.2 Production By Country
The Largest Importers in the Market and How They Succeed
8.1 Imports from 2007-2018
8.2 Imports By Country
8.3 Import Prices By Country
The Largest Exporters in the Market and How They Succeed
9.1 Exports from 2007-2018
9.2 Exports By Country
9.3 Export Prices By Country
10. Profiles of Major Producers
The Largest Producers in the Market and Their Profiles
11. Country Profiles
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