North America Whey Protein Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Whey is the most substantial by-product of the dairy industry both regarding volume and milk solids as it contains 50% of original milk solids including whey protein lactose, minerals, water soluble vitamins and residual lipids. The rising demand for dairy ingredients, pediatric milk segments in developing countries, health and wellness trends driving the need for supplement diet and increasing popularity of whey supplements among youngsters in Asian countries are the major factors that are boosting the growth of the market.
North America Whey Protein Market Segments Size & Growth:
North America Whey Protein Market size is projected to reach approximately $3.22 billion by the end of 2024 with a CAGR of close to 6.62% from $2.43 billion in 2017 during the forecast timeline 2018-2024. The significant factors that propel the growth of the North America Whey Protein Market are rising demand for dairy ingredients, consumer awareness towards healthy diet, growing functional beverage market in the Asia Pacific, rising trend of the health club and fitness center, increasing percentage of elder age people across the globe and keen interest of youngsters towards sports and nutrition. However, undefined regulatory guidelines, health/safety
North America Whey Protein Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
concerns when use is not regulated and high production cost are the factors hampering the growth of the market.
North America Whey Protein Market Segments Share:
North America Whey Protein Market is segmented by type, which comprises whey protein isolate, hydrolysed whey protein, and whey protein concentrate. Among these types, hydrolysed whey protein segment holds the most significant market share is owing to the growing keen interest and health awareness. Whey protein concentrate is high in lactose and low in protein which affects the consumer buying behaviour towards whey protein isolate. By application, the market is segmented into confectionery, dairy, bakery, dietary supplements and some others. Among these, dietary supplement segment dominates the market owing to the presence of buying behaviour of customers coupled with a keen interest in fitness in the younger population. By Geography, U.S contributes the significant market growth, and Canada is anticipated to be the fastest growing market during the forecast period.
North America Whey Protein Market Trends:
- Arla Foods Ingredients has agreed to acquire the shares in Arla Foods Ingredients S.A (AFISA) currently owned by SanCor to support the company’s ambition for market growth in
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North America Whey Protein Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
South America.
Optipep, an innovative product by Carbery that range from specialised nutritional applications included hydrolysed whey protein isolates (90% protein) and hydrolysed whey protein concentrate (80% protein).
Fonterra Co-operative Group is preparing to introduce a global product-tracking system by 2020, allowing it to monitor the entire production process, from collecting milk to processing it to delivering the products to consumers.
North America Whey Protein Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary critical players in the North America Whey Protein Market are:
- Agropur MSI, LLC
- Arla Foods
- American Dairy Products Institute
- Carbery
- DMK Group
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