According to IMARC Group’s latest report, titled “North America Whey Protein Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025", the North America whey protein market reached a value of US$ 2 Billion in 2019. Looking forward, the market is expected to continue its moderate growth during 2020-2025.
Base Year: 2020
Forecast Year: 2021-2026
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Whey protein is prepared by separating casein during the processing of cheese. It has antioxidant, antimicrobial and antiviral properties. It also aids in lowering cholesterol, maintaining blood pressure, and reducing the risk of asthma and cardiovascular diseases. Consequently, it is widely utilized in the form of dietary supplements in the North American region.
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A sedentary lifestyle and increasing consumption of fast food have resulted in the increasing prevalence of obesity. This, in turn, is catalyzing the demand for whey protein as it aids in combating muscle loss, reducing inflammation and promoting fat loss. Owing to these benefits, along with the rising health consciousness among individuals and the high number of fitness centers in North America, its demand is escalating in the region. Apart from this, on account of its long shelf life and easy storage and transportation, whey protein is employed in the pharmaceutical industry for manufacturing nutritional drugs, inhalers and tablets. These factors collectively are anticipated to strengthen the market growth in the coming years.
Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market by Type
Whey Protein Concentrate
Whey Protein Isolate
Whey Protein Hydrolysates
Market by Application
Food and Beverages
Nutrition Products and Pharmaceuticals
Market by Country
Some of the major players operating in the industry worldwide include Arla Foods, Agropur Inc., Hilmar Cheese Company, Inc., Glanbia plc (OTCMKTS: GLAPF), Kerry Group Plc (OTCMKTS: KRYAY), Milk Specialties Global, Leprino Foods Company, Carbery, and Grande Cheese Company
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