Market Overview:
The North America whey protein market size reached US$ 2.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.44% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 2.3 Billion |
Market Forecast in 2032
|
US$ 3.8 Billion |
Market Growth Rate 2024-2032 |
5.44% |
Whey protein is derived from the liquid by-product of cheese, which is known as whey. It is available in three forms, namely whey protein concentrate, whey protein isolate and hydrolyzed whey protein. Whey protein contains higher protein content as compared to soy, egg and other milk created proteins and has a longer shelf life than other milk products in its powdered state. It also helps in repairing muscle tissues, promoting fat loss, building muscles, lowering blood pressure and cholesterol levels, reducing stress and inflammation, preventing diseases and improving overall health. Owing to these benefits, whey protein is widely utilized across the food and beverage sector in the form of infant formula, functional foods, sports and performance nutrition.
The North America whey protein market is currently being driven by several factors. The increasing prevalence of lifestyle diseases coupled with the rising health awareness among consumers has positively influenced the demand for whey protein in North America. Furthermore, a majority of the population has joined gyms and fitness centers that recommend protein supplements, including whey protein as a key ingredient which, in turn, is strengthening the market growth in the region. Moreover, based on the anti-hypertensive and anti-bacterial properties, whey protein is being utilized for preparing cereals, beverages, chocolate, dairy products, snacks and bakery items, thereby escalating its overall demand in the region.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America whey protein market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on type and application.
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Type
- Whey Protein Concentrate
- Whey Protein Isolate
- Whey Protein Hydrolysates
- Market by Application
- Food and Beverages
- Nutrition Products and Pharmaceuticals
- Feed Applications
- Others
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Segment Coverage |
Type, Application, Country |
Countries Covered |
United States, Canada, Mexico |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the North America whey protein market performed so far and how will it perform in the coming years?
- What are the key regions in the North America whey protein market?
- What has been the impact of COVID-19 on the North America whey protein market?
- What is the breakup of the North America whey protein market on the basis of type?
- What is the breakup of the North America whey protein market on the basis of application?
- What are the various stages in the value chain of the North America whey protein industry?
- What are the key driving factors and challenges in the North America whey protein industry?
- What is the structure of the North America whey protein industry and who are the key players?
- What is the degree of competition in the North America whey protein industry?
- What are the profit margins in the North America whey protein industry?