Canada Whey Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.70 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Whey Protein Market Analysis
The Canada whey protein market is expected to register a CAGR of 4.7% during the forecast period (2022 - 2027).
The consumption of the protein-rich diet increased during the COVID-19 pandemic, as consumers started to consume more of those food and beverage, which had high nutritional claims, so as to keep their overall health in check. Therefore, this factor derived the revenue for whey protein ingredients in the Canadian market during the COVID-19 pandemic.
The rising awareness about healthy living among the population especially among obese and overweight residents is maintaining the steady demand for whey protein across various segments of the food industry.
Growing health consciousness has led to an increased demand for functional beverages and supplements. Consumers nowadays prefer healthy food and fortified food products, as a result of which, the whey protein market is witnessing a surge in the country.
Canada Whey Protein Market Trends
This section covers the major market trends shaping the Canada Whey Protein Market according to our research experts:
Growing Demand for Nutritional Baby food
The escalating demand for baby food products in particular infant formulas is paying way for whey product demand in Canada. Whey protein empties quicker from the stomach, as it stays in liquid form throughout the digestive process in a baby. There is also partially hydrolyzed 100% whey protein formula, which helps in preventing most common allergic diseases, like atopic dermatitis in infancy throughout the first year of life and up to three years of age. Among the baby care product sales volume in Canada, Infant formula ranked in second with sales volumes. Adding on Between July 1, 2020 and June 30, 2021, there was an estimated 359,533 babies born in Canada. This is an increase from 327,107 births over the corresponding period in 2000-2001, as per statcan. The above stated pointers are few factors pulling the demand for whey protein in infant formula application.
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, 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.
Canada Whey Protein Industry Overview
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.
Canada Whey Protein Market Leaders
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Agropur MSI, LLC
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Arla Foods
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Davisco foods international Inc.
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American Dairy Producers Institute
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Fonterra Co-operative Group
*Disclaimer: Major Players sorted in no particular order
Canada Whey Protein Market News
- In 2021, Arla Foods Ingredients introduced a new whey protein ingredient to help meet the demand for high-protein yogurts. Nutrilac FO-7875 allows manufacturers to develop yogurts (both spoonable and drinkable) with higher protein content.
- In April 2019, Arla Foods ingredients released a 100% whey protein hydrolysate solution called Lacprodan HYDRO.Clear, which is specially formulated for fortifying sparkling water with protein. The ingredient is fat, sugar, and lactose free, with an optimized taste, and long shelf life.
Canada Whey Protein Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
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 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 Market Share Analysis
6.4 Company Profiles
6.4.1 Agropur MSI LLC
6.4.2 Arla Foods
6.4.3 Davisco Cheese Company
6.4.4 Glanbia PLC
6.4.5 Davisco foods international Inc.
6.4.6 American Dairy Producers Institute
6.4.7 Fonterra Co-operative Group
6.4.8 Lactalis Ingredients
6.4.9 Saputo Ingredients
6.4.10 DMK Group
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Canada Whey Protein Industry Segmentation
Whey protein is a mixture of proteins isolated from whey, the liquid material created as a by-product of cheese production. The proteins consist of α-lactalbumin, β-lactoglobulin, serum albumin, and immunoglobulins. The Canada whey protein market is segmented by type and application. Based on type, the market is segmented into whey protein concentrate, whey protein isolate, and hydrolyzed whey protein. On the basis of application, the market is segmented into sports and performance nutrition, infant formula, and functional/fortified food. For each segment, the market sizing and forecasting have been done in value terms (USD million).
| By Type | |
| Whey Protein Concentrate | |
| Whey Protein Isolate | |
| Hydrolyzed Whey Protein |
| By Application | |
| Sports and Performance Nutrition | |
| Infant Formula | |
| Functional/Fortified Food |
Canada Whey Protein Market Research FAQs
What is the current Canada Whey Protein Market size?
The Canada Whey Protein Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)
Who are the key players in Canada Whey Protein Market?
Agropur MSI, LLC, Arla Foods, Davisco foods international Inc., American Dairy Producers Institute and Fonterra Co-operative Group are the major companies operating in the Canada Whey Protein Market.
What years does this Canada Whey Protein Market cover?
The report covers the Canada Whey Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Whey Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Whey Protein Supplements Industry Report
Statistics for the 2024 Canada Whey Protein Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Whey Protein Supplements analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
