South America Whey Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

South America Whey Protein Market is segmented by Type (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein), Application (Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food), and by Geography.

South America Whey Protein Market Size

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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.50 %
Market Concentration Low

Major Players

South America Whey Protein Market

*Disclaimer: Major Players sorted in no particular order

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South America Whey Protein Market Analysis

South America whey protein market is projected to grow at a CAGR of 7.5% during the forecast period (2020- 2025).

  • South America represents one of the favorable whey protein markets due to a large chunk of younger populations that are employing whey protein extensively in bodybuilding and as dietary supplements.
  • Dairy, infant formula and bakery markets have experienced consistent growth inthe region. However, increased demand for dairy ingredients/ alternatives and recombined milk was witnessed in the country over the past 5 years.

South America Whey Protein Market Trends

This section covers the major market trends shaping the South America Whey Protein Market according to our research experts:

Growing Health and Fitness Clubs

Brazil has sustained its second position in the World health club industry, in terms of a number of fitness centers from the past three years. Determined about fitness and health, high adoption rates of gym culture and pursuit of body beauty have been a leading factor for the industry growth in Brazil. In 2015, 3.5% of the Brazilian population was registered in fitness centers, of which a significant share of centers are occupied with women and people above 60 years. With the growing gym culture, the demand for sports nutrition and protein supplements has gone up. This had a huge impact on sports nutrition. Among the sports nutrition, proteins occupy a major share owing to their health benefits in strengthening and muscle building.

trend 1

Argentina is the Emerging Market

After Brazil, Argentina is observed to be a strong market of the whey protein industry. The dairy, infant formula, and bakery markets have experienced consistent growth in Argentina. However, increased demand for dairy ingredients/ alternatives and recombined milk was witnessed in the country over the past few years. This, aided by the consumer shift toward balanced and healthy diets, resulted in a demand for supplementary/high-quality proteins. Blends of whey hydrolysates and isolates are witnessing increasing popularity among the consumers and are being increasingly used in sports and performance nutrition.

trend2

South America Whey Protein Industry Overview

South America Whey Protein Market is fragmented with the presence of various players. The major players are adopting different strategies such as product innovation, merger and acquisitions to meet the growing demand of consumers. The major players engaged in the distribution of whey protein across the region are Arla Foods Ingredients, Carbery Group, Fontera Co-Operative Group and Hilmar Ingredients among others.

South America Whey Protein Market Leaders

  1. Arla Foods Ingredients

  2. Carbery Group

  3. Fontera Co-Operative Group

  4. Hilmar Ingredients

  5. FrieslandCampina

*Disclaimer: Major Players sorted in no particular order

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South America Whey Protein Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Whey Protein Concentrate (WPC)

      2. 5.1.2 Whey Protein Isolate (WPI)

      3. 5.1.3 Hydrolyzed Whey Protein (HWP)

    2. 5.2 Application

      1. 5.2.1 Sports and Performance Nutrition

      2. 5.2.2 Infant Formula

      3. 5.2.3 Functional/ Fortified Food

    3. 5.3 Geography

      1. 5.3.1 Brazil

      2. 5.3.2 Argentina

      3. 5.3.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Arla Foods Ingredients

      2. 6.4.2 Carbery Group

      3. 6.4.3 Hilmar Ingredients

      4. 6.4.4 Fonterra Co-Operative Group

      5. 6.4.5 FrieslandCampina

      6. 6.4.6 Lactalis Ingredients

      7. 6.4.7 Leprino Foods Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Whey Protein Industry Segmentation

South America whey protein market includes the segmentation of whey protein on the basis of type including whey protein concentrate, whey protein isolate, and hydrolyzed whey protein. The market is also divided by application which includes sports and performance nutrition, infant formula and functional/fortified food. The study also involves the analysis of regions such as Brazil, Aegentina and rest of South America.

Type
Whey Protein Concentrate (WPC)
Whey Protein Isolate (WPI)
Hydrolyzed Whey Protein (HWP)
Application
Sports and Performance Nutrition
Infant Formula
Functional/ Fortified Food
Geography
Brazil
Argentina
Rest of South America
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South America Whey Protein Market Research FAQs

The South America Whey Protein Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

Arla Foods Ingredients, Carbery Group, Fontera Co-Operative Group, Hilmar Ingredients and FrieslandCampina are the major companies operating in the South America Whey Protein Market.

The report covers the South America Whey Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Whey Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

South America Whey Protein Industry Report

Statistics for the 2024 South America Whey Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. South America Whey Protein analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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South America Whey Protein Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)