Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2021 |
| CAGR: | 4.7 % |
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Market Overview
The Canadian whey protein market is expected to register a CAGR of 4.7% during the forecast period (2020 - 2025).
- North America is the second-largest market for whey protein after Europe, in terms of exports and imports. The whey protein market in the region is highly matured and witnessing growth. Canada is the second-largest market after the United States.
- Canada is an emerging market for Whey proteins. With increasing dairy sector in the region, it stood as one of the top importers of Whey protein in 2017.
Scope of the Report
The Canadian whey protein market is segmented by type and application. Based on type, the market is segmented into whey protein concentrate, whey protein isolate, hydrolyzed whey protein. On the basis of application, the market is segmented into sports and performance nutrition, infant formula, functional/fortified food.
| By Type | |
| Whey Protein Concentrate | |
| Whey Protein Isolate | |
| Hydrolyzed Whey Protein |
| By Application | |
| Sports and Performance Nutrition | |
| Infant Formula | |
| Functional/Fortified Food |
Key Market Trends
Growing Demand for Whey Protein As Weight-Loss Supplement
Canada is considered, along with the United States, to have the highest obesity rates in the world. In order to counter the issue, people are exploring ways out to stay fit and opt for healthy lifestyles. Proteins are the most preferred form of supplement consumed for the purpose of weight-loss and sports nourishment. Protein supplements are widely available in the form of whey powders in the country, and there has been a significant share of the population who are opting for whey protein to meet their daily protein requirements to meet their fitness goals.
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Growing Demand for Performance Nutrition and Beverages
The growing demand from the sports industry led to a significant growth of the whey protein market. At the same time, food-processing industries are using whey protein for the manufacturing of health drinks. Exercise is becoming an essential part of the day-to-day life among people, for which the demand for energy drink is growing. This is likely to lead to an increment in the whey protein market. Whey protein can help those who aim to reduce the appetite and add muscle mass in the body, by helping repair the muscle cells after exercise and stimulate the muscle to grow, optimally. Whey protein, with its high-protein quality-score and a high percentage of BCAAs (branched-chain amino acids), has long been popular in the exercise and fitness industry, as a muscle-building supplement.
Competitive Landscape
The product portfolios of major players, research and development, strategic initiatives, and commitment toward meeting consumer demands, play a major role in the growth of the market. Some of the major market players in the Canadian whey protein market include Agropur MSI LLC, Davisco foods international Inc., American Dairy Producers Institute, Arla Foods, and FrieslandCampina Ingredients, among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Force Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Whey Protein Concentrate
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5.1.2 Whey Protein Isolate
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5.1.3 Hydrolyzed Whey Protein
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5.2 By Application
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5.2.1 Sports and Performance Nutrition
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5.2.2 Infant Formula
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5.2.3 Functional/Fortified Food
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Agropur MSI LLC
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6.4.2 Arla Foods
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6.4.3 Davisco Cheese Company
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6.4.4 Glanbia PLC
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6.4.5 Davisco foods international Inc.
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6.4.6 American Dairy Producers Institute
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6.4.7 Fonterra Co-operative Group
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Canada Whey Protein Market market is studied from 2016 - 2026.
What is the growth rate of Canada Whey Protein Market?
The Canada Whey Protein Market is growing at a CAGR of 4.7% over the next 5 years.
Who are the key players in Canada Whey Protein Market?
Agropur MSI, LLC, Arla Foods, Davisco foods international Inc., American Dairy Producers Institute, Fonterra Co-operative Group are the major companies operating in Canada Whey Protein Market.
