DUBLIN--(BUSINESS WIRE)--The "North America Whey Protein Market" report has been added to ResearchAndMarkets.com's offering.
The market is expected to reach $4,053.5 million by 2026 growing at a CAGR of 7.2%
The North American whey protein market is driven by forces such as liberalization in trade, growing demand for whey in developing countries, and awareness about obesity among the local population.
In addition, growing consumer awareness about dietary proteins and increasing consumption of dietary supplements are shaping the demand and consumption dynamics of whey protein in the region. North America accounts for around 30% of the global whey protein market share.
Amongst the countries in North America, the U.S. dominates the whey protein market, followed by Mexico and Canada. The U.S. accounts for around 70% of the North America whey protein market. Consumption of protein and economic stability move in tandem. Rising affluence leads to a shift in diet from carbohydrate-rich food to protein-rich food. Economic stability in Mexico and Asia-Pacific has created high demand for whey protein-based products. This has triggered a growing application of whey protein, particularly across a wide range of food and beverage products.
Moreover, the conservative demand for whey protein from athletes, bodybuilders, and gym enthusiasts also forms a major force to drive the whey protein market in the region. Increased demand for whey-based products in sports, personal care, and the medical industry are also expected to drive a steady growth rate during the forecast period.
Major whey protein manufacturers in the North American regions like Hilmar ingredients, Milk Specialties Global, and American Dairy Products Institute are focusing more on research and developments to explore different applications of whey protein across various segments of the industry. The whey protein market is growing rapidly, particularly in China, India, and Brazil.
North American manufacturers are focused on tapping favorable conditions in these countries. In addition, expansion of production facilities in the foreign market by acquisition and collaboration is another major strategy adopted by manufacturers.
With rising competition from plant proteins, the producers are under pressure to reduce the whey protein production cost and maximize profit gains.
Key Deliverables
- Market trends since 2017 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 the 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
1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions
2. Summary
2.1 Market Summary by Type
2.2 Market Summary by Application
2.3 Market Summary by Geography
3. Industry Dynamics
3.1 Drivers
3.1.1 Increasing awareness about health benefits of diet supplements
3.1.2 Growing use of whey proteins in functional food and beverages industry
3.1.3 Increasing demand for dietary proteins
3.2 Restraints
3.2.1 High cost of ingredients and production
3.2.2 Growing vegan population & whey protein alternatives
3.2.3 Health & safety concerns and undefined regulations
3.3 Opportunities
3.3.1 Growing dietary supplement prescription
3.3.2 Surging demand of high quality protein in food industry
3.3.3 Increasing use of protein products in the personal care industry
3.4 Porter's Five Forces Analysis
3.5 Future Trends in Whey Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations
4. Market Size and Forecast
4.1 Market Share, Type
4.1.1 Whey Protein Concentrate (WPC)
4.1.2 Whey Protein Isolate (WPI)
4.1.3 Hydrolyzed Whey Protein (HWP)
4.1.4 Others
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Ion Exchange
4.2.3 Hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food
4.3.1.3 Infant Formula
4.3.1.2 Confectionary
4.3.1.3 Bakery
4.3.1.4 Snacks
4.3.1.5 Dairy Products
4.3.1.6 Meat Products
4.3.1.7 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Others
5. Country Market Share
5.1 North America
5.1.1 U.S.
5.1.2 Canada
5.1.3 Mexico
5.1.4 Others
6. Competitive Analysis
6.1 Market Share Analysis
6.2 Growth Strategies of leading players
6.3 Investment and Development Prospects
6.3.1 Investment in past five years
6.3.2 Investment Opportunities
6.5 Price Trend Analysis
6.5.1 Product Classifications and Their Prices
6.5.2 Factors Influencing Prices
7. Company Profiles
- Agropur MSI, LLC
- Arla Foods
- Carbery Group
- Champignon-Hofmeister Group
- DMK group
- FriesiandCampina Ingredients
- Glanbia Plc
- Hilmar Cheese Company Inc
- Lactalis Ingredients
- Land O'Lakes Inc
- Leprino Foods Co
- Milk Specialties Global
- Meggle Group
- Saputo Ingredients
- Fonterra Co-operative Group
- Volac
For more information about this report visit https://www.researchandmarkets.com/r/r768gd
