Market Size of South America Dairy Protein Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.83 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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South America Dairy Protein Market Analysis
South America dairy protein market is anticipated to witness a CAGR of 4.83% during the forecast period (2020-2025).
- The major factor driving the dairy protein industry in South America is the awareness regarding health and well-being.
- With lifestyle diseases and obesity incidences on the rise, manufacturers of dairy proteins are motivated to innovate and deliver products meeting the discerning needs of health-conscious consumers.
- The demand for whey protein concentrates and isolates is high in the region due to its versatile applications. Growing population, increasing income, and changing psychographics in the region are regulating the dairy protein market growth in South America.