Market Forecast by Countries (United States, Canada), By Type (Whey Protein Isolates, Whey Protein Concentrates, Whey Protein Hydrolysates), By Application (Nutritional Supplements, Personal Care, Food & Beverages, Animal Feed & Pet Food) And Competitive Landscape
Product Code: ETC182462 | Publication Date: May 2021 | Updated Date: Nov 2023 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Whey Protein Market |
Base Year | 2022 |
Historical Period | 2019-2022 |
Forecast Period | 2023-2029 |
Growth Rate (CAGR) | 4.90% |
Report Coverage | Revenues & Volume, Market Trends, Drivers & Challenges, Market Forecast, Market Share |
Segment Coverage | By Countries, By Type, By Application |
Customization Scope | 100% customized reports available along with reliable data. Moreover, you can alter the segments, countries, and regions according to your needs. For further details, you can contact our research expert at sales@6wresearch.com |
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North America Whey Protein Market thoroughly covers the market by country, type and application. The outlook report provides an unbiased and detailed analysis of the ongoing Market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Whey Protein Market is likely to grow in the forecast period on account of its high-quality protein content, which is mainly consumed by athletes, fitness enthusiasts, and individuals looking to maintain a healthy lifestyle.
According to 6Wresearch, the North America whey Protein Market size is estimated to grow at a CAGR of 4.90% during 2023-2029. The market is primarily driven by the increasing awareness of the health benefits associated with whey protein consumption, including muscle building, weight management, and overall fitness. Growing demand for protein-enriched functional foods and beverages, coupled with a rising trend of sports and fitness activities, has bolstered the growth of the market.
The changing dietary preferences and the inclination toward natural and clean-label ingredients have further fuelled the demand for whey protein products, making North America a significant market for this nutritional supplement. There are certain challenges present in the Whey Protein Market in North America. The market faces several challenges, including fluctuations in the dairy industry's supply chain, which has heavily impacted the availability and cost of whey protein. The inclination of consumers towards plant-based protein alternatives poses a competitive challenge, leading to the need for innovation and diversification within the whey protein sector. Regulatory changes are a major challenge for the market.
The COVID-19 pandemic had a remarkable impact on the North America Whey Protein Industry. There was an initial surge in the demand for whey protein products on account of consumer stockpiling and the increasing focus on health and wellness. The closure of gyms and fitness centres and economic uncertainties led to shifts in consumption patterns and disrupted the supply chain. The food service industry, a significant market for whey protein, was severely affected by lockdowns and restrictions. However, the pandemic accelerated trends in e-commerce and home fitness, leading to increased online sales of whey protein products. The market began to stabilize in the post-pandemic era as the focus on health and fitness increased.
These are the major players who have accelerated the growth trajectory and have a major share of the market.
The United States is expected to dominate the market in the forecast year mainly due to the rise in the sports nutrition industry. The large population of the country has also led to the expansion of the market.
On the basis of type, the market is segmented into Whey Protein Isolates, Whey Protein Concentrates, and Whey Protein Hydrolysates. The Whey protein isolates are expected to grow in the forecast year due to high protein content and the presence of minimal fat and lactose.
Nutritional Supplement is expected to dominate the market on account of the shift towards healthier lifestyles and major fitness goals by the fitness enthusiast.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Whey Protein Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Whey Protein Market Revenues & Volume, 2022 & 2029F |
3.3 North America Whey Protein Market - Industry Life Cycle |
3.4 North America Whey Protein Market - Porter's Five Forces |
3.5 North America Whey Protein Market Revenues & Volume Share, By Countries, 2022 & 2029F |
3.6 North America Whey Protein Market Revenues & Volume Share, By Type, 2022 & 2029F |
3.7 North America Whey Protein Market Revenues & Volume Share, By Application, 2022 & 2029F |
4 North America Whey Protein Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Whey Protein Market Trends |
6 North America Whey Protein Market, 2019 - 2029 |
6.1 North America Whey Protein Market, Revenues & Volume, By Type, 2019 - 2029 |
6.2 North America Whey Protein Market, Revenues & Volume, By Application, 2019 - 2029 |
7 United States Whey Protein Market, 2019 - 2029 |
7.1 United States Whey Protein Market, Revenues & Volume, By Type, 2019 - 2029 |
7.2 United States Whey Protein Market, Revenues & Volume, By Application, 2019 - 2029 |
8 Canada Whey Protein Market, 2019 - 2029 |
8.1 Canada Whey Protein Market, Revenues & Volume, By Type, 2019 - 2029 |
8.2 Canada Whey Protein Market, Revenues & Volume, By Application, 2019 - 2029 |
9 North America Whey Protein Market Key Performance Indicators |
10 North America Whey Protein Market - Opportunity Assessment |
10.1 North America Whey Protein Market Opportunity Assessment, By Countries, 2022 & 2029F |
10.2 North America Whey Protein Market Opportunity Assessment, By Type, 2022 & 2029F |
10.3 North America Whey Protein Market Opportunity Assessment, By Application, 2022 & 2029F |
11 North America Whey Protein Market - Competitive Landscape |
11.1 North America Whey Protein Market Revenue Share, By Companies, 2022 |
11.2 North America Whey Protein Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |