North America Whey Protein Market By Type (Whey Protein Concentrates, Whey Protein Isolates and Whey Protein Hydrolysates), By Applications (Nutritional Supplements, Food & Beverages, Personal Care and Animal Feed & Pet Food), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The North America Whey Protein Market would witness market growth of 11.5% CAGR during the forecast period (2020-2026). Whey protein concentrate, a nutritional supplement, is obtained once the whey is gone through the process of ultrafiltration, ion-exchange, defiltration, and electro dialysis. Whey protein concentrate is extracted after the removal of a specific portion of non-protein elements from pasteurized whey extracted from cheese processing. Small amounts of carbohydrates are present in whey protein concentrate.
Countries such as the U.S., have witnessed a massive demand for such nutritional products. This is credited to the increasing popularity of sports and wellness exercises among millennial. Various factors such as a healthy diet and increasing fast-paced lifestyles are boosting the market growth. Whey protein products are increasingly gaining adoption among health-conscious people due to a growing need for superior physical strength and willingness to ensure legitimate food consumption.
The U.S. has witnessed a change in consumer behavior, which encourages Food & Beverages companies to inculcate functional whey protein in their packaged foods. This is because it can replace expensive ingredients and high fat like cream cheese, butter, milk while keeping the original flavor, texture, and appearance intact. Moreover, severe competition among the packaged food industry is also encouraging companies to include functional ingredients to enhance their product portfolio.
Based on Type, the market is segmented into Whey Protein Concentrates, Whey Protein Isolates and Whey Protein Hydrolysates. Based on Applications, the market is segmented into Nutritional Supplements, Food & Beverages, Personal Care and Animal Feed & Pet Food. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Saputo, Inc., Glanbia PLC, Fonterra Co-operative Group Limited, Arla Foods Amba, Carbery Group Ltd., Lactalis Group, Olam International Limited, Maple Island, Inc., Leprino Foods Company and Agropur Dairy Cooperative (Davisco Foods International, Inc.)
Scope of the Study
Market Segments Covered in the Report:
- Whey Protein Concentrates
- Whey Protein Isolates
- Whey Protein Hydrolysates
- Nutritional Supplements
- Food & Beverages
- Personal Care
- Animal Feed & Pet Food
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Saputo, Inc.
- Glanbia PLC
- Fonterra Co-operative Group Limited
- Arla Foods Amba
- Carbery Group Ltd.
- Lactalis Group
- Olam International Limited
- Maple Island, Inc.
- Leprino Foods Company
- Agropur Dairy Cooperative (Davisco Foods International, Inc.)
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