North America Whey Protein Market Synopsis
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 American whey Protein Market size is estimated to grow 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.
North America Whey Protein Market: Key Players
These are the major players who have accelerated the growth trajectory and have a major share of the market.
- Kerry Group plc
- Fonterra Co-operative Group Limited
- Archer Daniels Midland Company
- Agropur MSI, LLC
- Hilmar Ingredients
- Davisco Foods International, Inc.
- Maple Island, Inc.
- Grande Custom Ingredients Group
- Leprino Foods Company
COVID-19 Impact on North America Whey Protein 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.
Key attractiveness of the report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022.
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- North America Whey Protein Market - Key Performance Indicators
- North America Whey Protein Market Drivers and Challenges
- Historical Data and Forecast of North America Whey Protein Revenues & Volume for the Period 2019 - 2029
- North America Whey Protein Market - Opportunity Assessment By Countries
- Historical Data and Forecast of Canada Whey Protein Market Revenues & Volume By Whey Protein Concentrates for the Period 2019 - 2029
- North America Whey Protein Market Trend Evolution
- Historical Data and Forecast of Canada Whey Protein Market Revenues & Volume By Whey Protein Hydrolysates for the Period 2019 - 2029
- North America Whey Protein Price Trends
- Historical Data and Forecast of North America Whey Protein Market Revenues & Volume By Application for the Period 2019 - 2029
- North America Whey Protein Market - Import Export Trade Statistics
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