Mexico Whey Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Mexico Whey Protein Market Analysis
Mexico Whey Protein Market is expected to record a CAGR of 7.50% during the forecast period, 2020-2025.
- Growing consumer awareness about dietary proteins and increasing consumption of dietary supplements are shaping the demand and consumption dynamics of whey protein in the country.
- The increase in consumption of whey protein in functional food, infant formula and clinical nutrition coupled with the presence of leading players of whey protein manufacturers in Mexico is anticipated to play a spirited role in the revenue growth of the region.
Mexico Whey Protein Market Trends
This section covers the major market trends shaping the Mexico Whey Protein Market according to our research experts:
Growing Demand for Infant Formula is Benifitting the Market
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.
Functional/Fortified Food Sector Possesses a Good Potential for the Market
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.
Mexico Whey Protein Industry Overview
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.
Mexico Whey Protein Market Leaders
Glanbia PLC
Fonterra Co-operative Group Limited
Agropur Msi, LLC
Arla Foods Ingredients Group P/S
Ornua Co-operative Limited
*Disclaimer: Major Players sorted in no particular order
Mexico Whey Protein Market Report - 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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3.1 Market Overview
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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 Forces 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 Product 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 Company Profiles
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6.3.1 Glanbia PLC
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6.3.2 Fonterra Co-operative Group Limited
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6.3.3 Agropur Msi, LLC
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6.3.4 Arla Foods Ingredients Group P/S
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6.3.5 Ornua Co-operative Limited
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6.3.6 Davisco foods international Inc.
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6.3.7 FrieslandCampina
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Mexico Whey Protein Industry Segmentation
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 |
| By Application | |
| Sports and Performance Nutrition | |
| Infant Formula | |
| Functional/Fortified Food |
Mexico Whey Protein Market Research FAQs
What is the current Mexico Whey Protein Market size?
The Mexico Whey Protein Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Mexico Whey Protein Market?
Glanbia PLC, Fonterra Co-operative Group Limited, Agropur Msi, LLC, Arla Foods Ingredients Group P/S and Ornua Co-operative Limited are the major companies operating in the Mexico Whey Protein Market.
What years does this Mexico Whey Protein Market cover?
The report covers the Mexico Whey Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mexico Whey Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Mexican Whey Protein Industry Report
Statistics for the 2024 Mexican Whey Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexican Whey Protein analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
