Canadian Whey Protein Market Report 2018-2023 - Expected to Grow at a CAGR of 7.5% - ResearchAndMarkets.com

DUBLIN--()--The "Canada Whey Protein Market 2018 Analysis & Forecasts 2014-2022" report has been added to ResearchAndMarkets.com's offering.

Whey protein market in Canada represents around 18% of total North American market. The rising awareness about the healthy living among population especially among obese and overweight residents is maintaining the steady demand of whey protein across various segments of food industry. The industry is expected to grow at a CAGR of 7.5% until 2023.

Whey products along with cheese and skim milk powder consisting of natural milk constituents represents major dairy exports of the country. The high value products produced from whey protein by adding valuable ingredients are exported to countries such as U.S., Brazil, and Saudi Arabia among others. Saputo Ingredients and Fonterra Group are the major producers in Canada.

Use of whey protein in dietary supplement industry represents 46% of market share and is continuously growing at a steady rate of 6% every-o-y. Canada's dairy industry is technologically advanced and has led to developing wide range of products out of milk and has largely influenced the local food and beverage industry. The whey protein market across food industry was estimated at $141.3 million in 2017, and is estimated to reach $218 million by 2023. Hydrolyzed whey protein is estimated to be the fastest growing segment. The growing demand of whey protein and emphasis on exports of whey based products is expected to maintain the steady consumption rate during forecast period.

Industry Dynamics

Drivers

  • Increasing Awareness About Health Benefits of Supplement Diets
  • Growing Use of Whey Proteins in Functional Food and Beverages Industry
  • Increasing Demand for Dairy Alternatives / Ingredients and Proteins

Restraints

  • High Cost of Ingredients and Production
  • Growing Vegan Population & Alternatives to Whey Protein
  • Health & Safety Concerns and Undefined Regulations

Opportunities

  • Growing Dietary Supplement Prescription
  • Surging Demand of High Quality Protein in Food Industry

Key Deliverables

  • Market trends since 2014 and five year forecasts of market growth
  • Detailed analysis of the micro and macro elements influencing demand trends
  • Identifying opportunity spaces across segments and countries
  • Supply & demand side trend and analysis
  • Price trend analysis, investment prospects and competition pattern
  • Insights on growth potential of the market
  • Detailed analysis of major producers covering financial investments & strategies adopted
  • Competitive landscape of the industry

Key Topics Covered

1. Introduction

2. Summary

3. Industry Dynamics

4. Market Size and Forecast

5. Competitive Analysis

6. Company Profiles

  • Agropur MSI, LLC
  • Arla Foods
  • Carbery Group
  • Champignon-Hofmeister Group
  • DMK Group
  • Fonterra Co-operative Group
  • FrieslandCampina Ingredients
  • Glanbia Plc
  • Hilmar Cheese Company Inc
  • Lactalis Ingredients
  • Land O'Lakes Inc
  • Leprino
  • Saputo Ingredients

For more information about this report visit https://www.researchandmarkets.com/research/t2mkfg/canadian_whey?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Food Ingredients

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Food Ingredients