1 INTRODUCTION 1.1 Study Deliverables 1.2 Study Assumptions 1.3 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 3.1 Market Overview 4 MARKET DYNAMICS 4.1 Market Drivers 4.2 Market Restraints 4.3 Porter's Five Forces Analysis 4.3.1 Threat of New Entrants 4.3.2 Bargaining Power of Buyers/Consumers 4.3.3 Bargaining Power of Suppliers 4.3.4 Threat of Substitute Products 4.3.5 Intensity of Competitive Rivalry 5 MARKET SEGMENTATION 5.1 Product Type 5.1.1 Whey Protein Concentrate 5.1.2 Whey Protein Isolate 5.1.3 Hydrolyzed Whey Protein 5.2 Application 5.2.1 Sports and Performance Nutrition 5.2.2 Infant Formula 5.2.3 Functional/Fortified Food 6 COMPETITIVE LANDSCAPE 6.1 Most Active Companies 6.2 Most Adopted Strategies 6.3 Market Share Analysis 6.4 Company Profiles 6.4.1 Glanbia plc 6.4.2 Fonterra Co-operative Group 6.4.3 Arla Foods AMBA 6.4.4 Agropur US 6.4.5 Eurosrum 6.4.6 FrieslandCampina Ingredients 6.4.7 Hilmar Cheese Company, Inc. 6.4.8 Lactalis International 7 MARKET OPPORTUNITIES AND FUTURE TRENDS

- Glanbia plc - Fonterra Co-operative Group - Arla Foods AMBA - Agropur US - Eurosrum - FrieslandCampina Ingredients - Hilmar Cheese Company, Inc. - Lactalis International