Market Size of Mexico Whey Protein Industry
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 |
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 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 Size Summary
The Mexico whey protein market is experiencing significant growth, driven by increasing consumer awareness of dietary proteins and a rising demand for dietary supplements. This trend is further supported by the growing use of whey protein in functional foods, infant formulas, and clinical nutrition. The presence of leading whey protein manufacturers in Mexico is expected to contribute to the region's revenue growth. Influenced by trends from the United States, Mexican consumers are increasingly adopting healthy lifestyles, which includes the use of whey protein supplements to address protein deficiencies. This is particularly evident among mothers who prefer whey-based infant formulas to support their children's growth, capitalizing on the population's preference for lactose-consumable products.
The demand for whey protein is further bolstered by the booming functional food and bakery sector in Mexico, where whey is recognized as an ideal protein source. As a major import hub for whey protein, Mexico benefits from abundant production in the Eastern world. The younger, fitness-conscious population is driving the demand for whey as a key ingredient in weight management and bodybuilding products, such as protein bars. The market is competitive, with global players like Glanbia PLC, Fonterra Co-operative Group Limited, and Arla Foods Ingredients Group P/S dominating the supply to large-scale industries. Meanwhile, local manufacturers maintain a strong presence in small-scale industries, utilizing whey for various applications. These dynamics are fostering market expansion, with manufacturers actively seeking to broaden their geographical reach.
Mexico Whey Protein Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Whey Protein Concentrate
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2.1.2 Whey Protein Isolate
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2.1.3 Hydrolyzed Whey Protein
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2.2 By Application
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2.2.1 Sports and Performance Nutrition
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2.2.2 Infant Formula
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2.2.3 Functional/Fortified Food
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Mexico Whey Protein Market Size 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.