Whey Protein Market Size, Share, Growth & Forecast 2031

Segments - Canada Whey Protein Market by Types (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein), Applications (Sports & Performance Nutrition, Infant Formula, and Functional/Fortified Food), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Anuradha B. More

Fact-checked by : Vaibhav Chandola

Editor : Shruti Bhat

Report Description

The Canada whey protein market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 4.7% during the forecast period, 2023–2031. The growth of the market is attributed to the easy digestibility, vast availability, and a robust amino profile.

Whey protein consists of α-lactalbumin, β-lactoglobulin, serum albumin, and immunoglobulin. Whey protein is commonly marketed as a dietary supplement. It is generally consumed for muscle growth, and is comparatively better than other types of protein, such as casein or soy. It is commonly used for improving athletic performance and strength. Whey protein is also used to reverse weight loss in people with HIV and helps in preventing allergic conditions in infants.

It is a rich source of various nutrients such as protein, amino acids, vitamins and minerals. Quality-score and a high percentage of branched-chain amino acids (BCAAs) in whey protein, makes it a suitable product for the fitness industry, as a muscle-building supplement.

Whey protein powder also lowers weight, cholesterol, and blood pressure and reduces the risk of cardiovascular diseases. Various benefits of whey protein powder have increased its penetration in various industries such as food and beverages, health supplements, and pharmaceuticals.

Market Trends, Drivers, Restraints, and Opportunities

Highest obesity rate is anticipated to boost the market growth during the forecast period.
Increasing inclination toward healthy lifestyle is one of the major factors propelling the market expansion.
Major population are including whey protein in their daily diet to reach their daily protein requirements and meet their fitness goals, which is projected to boost the market growth during the forecast period.
Rising demand for sports nutritional supplements is estimated to boost the market expansion in the coming years.
The COVID-19 outbreak led to the closedown of gyms and fitness clubs across the country. This, in turn, tanked the sales of whey protein products. However, the declining number of cases have resulted in relaxation of restrictions, helping the market reach pre-COVID level.
Stringent regulatory concerns and required certifications for marketing whey protein can restrict the market expansion in the coming years.
Mergers, acquisitions, joint ventures, and partnerships are estimated to foster the market expansion in the coming years.
High processing and manufacturing cost of whey protein powder can hinder the market growth.
Increasing R&D investment for the development of new flavors without damaging the nutritional content of the protein is anticipated to create lucrative opportunities for the market players.

Scope of the Whey Protein Market Report

The report on the Canada whey protein market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Whey Protein Market - Canada Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Whey Protein Concentrate, Whey Protein Isolate, and Hydrolyzed Whey Protein), and Applications (Sports & Performance Nutrition, Infant Formula, and Functional/Fortified Food)
Geographical Zone	Canada
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Agropur MSI, LLC, Arla Foods, Davisco foods international Inc., American Dairy Producers Institute, and Fonterra Co-operative Group.

Canada Whey Protein Market Segment Insights

Hydrolyzed whey protein segment to account a large market share

On the basis of types, the market is segmented into whey protein concentrate, whey protein isolate, and hydrolyzed whey protein. The hydrolyzed whey protein segment is expected to constitute a large market share owing to its high absorption rate than both whey protein isolates or concentrates. It’s also easier to digest by people, which makes it preferable for people with digestive issues.

Sports & performance nutrition segment to grow at a significant pace

In terms of applications, the market is divided into sports & performance nutrition, infant formula, and functional/fortified food. The sports & performance nutrition segment is expected to expand at a rapid pace in the coming years due to increasing using of whey protein for the manufacturing of health drinks. Exercising has becoming an essential part of the day-to-day life among people, which in turn, has increased the demand for energy drinks. Whey protein can help in reducing the appetite and add muscle mass in the body.

Segments

The Canada whey protein market has been segmented on the basis of

Types

Whey Protein Concentrate
Whey Protein Isolate
Hydrolyzed Whey Protein

Applications

Sports & Performance Nutrition
Infant Formula
Functional/Fortified Food

Country

Canada

Key Players

Agropur MSI, LLC
Arla Foods
Davisco foods international Inc.
American Dairy Producers Institute
Fonterra Co-operative Group

Competitive Landscape

Key players competing in the Canada whey protein market include Agropur MSI, LLC, Arla Foods, Davisco foods international Inc., American Dairy Producers Institute, and Fonterra Co-operative Group.

Canada Whey Protein Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Whey Protein Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Whey Protein Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Whey Protein Market - Supply Chain
  4.5. Global Whey Protein Market Forecast
     4.5.1. Whey Protein Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Whey Protein Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Whey Protein Market Absolute $ Opportunity
5. Global Whey Protein Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Whey Protein Market Size and Volume Forecast by Types
     5.3.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Whey Protein Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Whey Protein Market Size and Volume Forecast by Applications
     6.3.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Whey Protein Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Whey Protein Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Whey Protein Demand Share Forecast, 2019-2026
8. North America Whey Protein Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Whey Protein Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Whey Protein Market Size and Volume Forecast by Types
     8.4.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Whey Protein Market Size and Volume Forecast by Applications
     8.7.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Whey Protein Demand Share Forecast, 2019-2026
9. Latin America Whey Protein Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Whey Protein Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Whey Protein Market Size and Volume Forecast by Types
     9.4.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Whey Protein Market Size and Volume Forecast by Applications
     9.7.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Whey Protein Demand Share Forecast, 2019-2026
10. Europe Whey Protein Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Whey Protein Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Whey Protein Market Size and Volume Forecast by Types
     10.4.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Whey Protein Market Size and Volume Forecast by Applications
     10.7.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Whey Protein Demand Share Forecast, 2019-2026
11. Asia Pacific Whey Protein Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Whey Protein Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Whey Protein Market Size and Volume Forecast by Types
     11.4.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Whey Protein Market Size and Volume Forecast by Applications
     11.7.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Whey Protein Demand Share Forecast, 2019-2026
12. Middle East & Africa Whey Protein Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Whey Protein Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Whey Protein Market Size and Volume Forecast by Types
     12.4.1. Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Whey Protein Market Size and Volume Forecast by Applications
     12.7.1. Sports & Performance Nutrition Infant Formula Functional/Fortified Food
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Whey Protein Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Whey Protein Market: Market Share Analysis
  13.2. Whey Protein Distributors and Customers
  13.3. Whey Protein Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Agropur MSI, LLC Arla Foods Davisco foods international Inc. American Dairy Producers Institute Fonterra Co-operative Group