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Mexico whey protein market is segmented by Product Type (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein) and by Application (Sports and Performance Nutrition, Infant Formula, and Functional/Fortified Food).
Mexico Whey Protein Market is expected to record a CAGR of 7.50% during the forecast period, 2020-2025.
Mexico whey protein market is segmented by product type into whey protein concentrate, whey protein isolate, and hydrolyzed whey protein. The market is also classified by application into Sports and Performance Nutrition, Infant Formula, and Functional/Fortified Food segments.
|By Product Type|
|Whey Protein Concentrate|
|Whey Protein Isolate|
|Hydrolyzed Whey Protein|
|Sports and Performance Nutrition|
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With a major influence from the United States, the Mexican consumers are exploring ways out to stay fit and opt for healthy lifestyles, and are trying to do the same with their young ones. Since whey proteins are the most preferred form of supplement to compensate for the protein deficiencies, the Mexican mothers are opting for infant formulas that provide the right amount of protein required to avoid the stunted growth of their children. Moreover, since the population of Mexico is increasing and the existing is a majority of lactose-consumers, they prefer to choose whey-based infant formulas for babies. Thus, the psychological factor is expected to drive the Mexico whey protein market in the near future.
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The booming functional food and bakery sector spiked the demand for dairy based food and beverages in Mexico with whey protein being the best suitable protein source. With the Eastern world producing Whey protein in plenty, Mexico became one of the major import hubs for the whey protein market. Increasing younger populations with fitness consciousness inflated the demand for whey, as it is a major ingredient in weight management and bodybuilding. Moreover, the incorporation of whey protein in food products like protein bars is being done extensively. Thus, the rise in demand for functional food and beverages factors are expected to drive the Mexico Whey protein market at a rapid pace.
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Whey protein market in Mexico is competitive with a dominance of global players who provide the whey ingredients to the large-scale industries in the country. However, the local manufacturers have a grip on the small-scale industries that utilize whey in different forms to be used for diverse applications. Manufacturers are indulging in expansions to cover a larger geographical area, offering whey to more industries. Glanbia PLC, Fonterra Co-operative Group Limited, and Arla Foods Ingredients Group P/S are among the major players of the market.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Whey Protein Concentrate
5.1.2 Whey Protein Isolate
5.1.3 Hydrolyzed Whey Protein
5.2 By Application
5.2.1 Sports and Performance Nutrition
5.2.2 Infant Formula
5.2.3 Functional/Fortified Food
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Company Profiles
6.3.1 Glanbia PLC
6.3.2 Fonterra Co-operative Group Limited
6.3.3 Agropur Msi, LLC
6.3.4 Arla Foods Ingredients Group P/S
6.3.5 Ornua Co-operative Limited
6.3.6 Davisco foods international Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS