South America Whey Protein Market - Growth, Trends, and Forecast (2018 - 2023)

South America Whey Protein Market - Growth, Trends, and Forecast (2018 - 2023)

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Market Insights

The South America whey protein market was valued at USD 428 million in 2017 and is projected to exhibit a CAGR of 6.8%, during the forecast period (2018 -2023), owing to growing popularity towards health and fitness coupled with a rise in disposable incomes in this region. Whey protein is a long established and valued ingredient in the sports nutrition industry globally and this awareness has started to trickle down among the athletes and sports enthusiasts in South America.

Market Dynamics

South America represents one of the favorable whey protein markets due to larger chunk of younger populations that are employing whey protein extensively in bodybuilding and as dietary supplements. Increasing western influence resulted in a demand for foods and beverages with functional benefits in the region. The traditional milk pool expansion facilitates the production of whey protein in South America. There exist huge untapped opportunities among food formulations in South America to add a whey protein related health claim to mainstream food products, as well as to the products targeting sports and clinical nutrition. Complementing the whey protein market is the supportive legislations that allows the manufacturers to use protein and high protein claims for the products with 6-12% of added proteins.

Market Segmentation

The South American whey protein market is segmented based on type, application, and country. Brazil is the major regional market followed by Argentina. These two countries virtually dominate the whey protein market scenario in the region. The Dairy, infant formula, and bakery markets have experienced a consistent growth in Argentina. However, the gradual emergence of dairy ingredients/ alternatives and recombined milk witnessed in the region over the past 5 years is acting as a prime restraint to South America whey protein market.

Key Development

  • APRIL 2017 - Arctic Zero expanded the range of whey protein-based and lactose-free Arctic Zero Fit Frozen Desserts
  • FEBRUARY 2018 - Arla Foods Ingredients has agreed to acquire the shares in Arla Foods Ingredients S.A (AFISA) currently owned by SanCor to support the company’s ambition for market growth in South America

Competitive Landscape

The key players are focusing on capacity enhancements by blend of marketing strategies such as joint ventures and acquisitions. The major players in South America whey protein market include - Arla Foods,Agropur MSI LLC, ,Carbery, Champignon-Hofmeister Group, Cargill, Davisco Foods International Inc , DMK Group, Fonterra ,Grande Cheese Company Huishan Dairy ,Hilmar Cheese Company, Lactalis Ingredients, Leprino Foods, Milk Specialties, ,Nestle ,VOLAC.

Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
    Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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1. INTRODUCTION

          1.1 Research Methodology

          1.2 Definition of the Market

          1.3 Report Description

2. KEY FINDINGS OF THE STUDY

3. MARKET OVERVIEW

          3.1 Introduction

4. MARKET DYNAMICS

          4.1 Drivers

                4.1.1 Rising Global Demand for Dairy Ingredients/Alternatives

                4.1.2 Increased Demand of Recombined/ Pediatric Milk Segments in Developing Countries

                4.1.3 Health And Wellness Trends Driving the Need for Supplement Diet

                4.1.4 Increasing Popularity among Youngsters in Asian Countries

          4.2 Restraints

                 4.2.1 Undefined Regulatory Guidelines

                 4.2.2 Health/ Safety Concerns

                 4.2.3 High Production Cost

          4.3 Opportunities

                 4.3.1 Demand for High Quality Protein Supplements by Food Industry    

                 4.3.2 Increasing Prescription of Supplements by Doctors

                 4.3.3 Higher Scope of Application in Personal Care and Sports Nutrition

          4.4 Porter's Five Forces Analysis

                 4.4.1 Bargaining Power of Suppliers

                 4.4.2 Bargaining Power of Buyers

                 4.4.3 Threat of New Entrants

                 4.4.4 Threat of Substitute Products and Services

                 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

          5.1 By Product Type

                  5.1.1 Whey Protein Concentrate (WPC)

                  5.1.2 Whey Protein Isolate (WPI)

                  5.1.3 Hydrolyzed Whey Protein (HWP)  

          5.2 By Application

                   5.2.1 Functional Foods

                             5.2.1.1 Infant Formula

                             5.2.1.2 Confectionery

                             5.2.1.3 Bakery

                             5.2.1.4 Snacks

                             5.2.1.5 Dairy Products

                             5.2.1.6 Others

                    5.2.2 Functional Beverages

                             5.2.2.1 Wine Whey

                             5.2.2.2 Others

                   5.2.3 Dietary Supplements

                   5.2.4 Others

          5.4 By Geography

                   5.4.1 South America

                             5.4.1.1 Brazil

                             5.4.1.2 Argentina

                             5.4.1.3 Others

6. Competitive Landscape

          6.1 Most Active Companies

          6.2 Most Adopted Strategies

          6.3 Market Share Analysis

7. COMPANY PROFILES         

          7.1 Agropur MSI, LLC

          7.2 Arla Foods

          7.3 Carbery

          7.4 Cargill

          7.5 Champignon-Hofmeister Group

          7.6 Davisco Foods International Inc.

          7.7 DMK Group

          7.8 Fonterra Co-operative Group 

          7.9 Glanbia Plc.

          7.10 Grande Cheese Company

          7.11 Huishan Dairy

          7.12 Hilmar Cheese Company Inc.

          7.13 Lactalis Ingredients

          7.14 Leprino Foods

          7.15 Milk Specialties Global

          7.16 Milkaut

          7.17 Nestle

          7.18 Parmalat

          7.19 VOLAC
 
8. APPENDIX

          8.1 Abbreviations

          8.2 Sources

          8.3 Bibliography

          8.4 Disclaimer

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