Latin America Whey Protein Market Size & Outlook
Latin America whey protein market, 2017-2030 (US$M)
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Latin America whey protein market highlights
- The Latin America whey protein market generated a revenue of USD 492.2 million in 2022.
- The market is expected to grow at a CAGR of 10.1% from 2023 to 2030.
- In terms of segment, whey protein concentrates (wpc) was the largest revenue generating type in 2022.
- Whey Protein Isolates (WPI) is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 492.2 million |
| Market revenue in 2030 | USD 1,066.3 million |
| Growth rate | 10.1% (CAGR from 2022 to 2030) |
| Largest segment | Whey protein concentrates (wpc) |
| Fastest growing segment | Whey Protein Isolates (WPI) |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Whey Protein Isolates (WPI), Whey Protein Concentrates (WPC), Whey Protein Hydrolysates (WPH) |
| Key market players worldwide | Saputo Inc, Glanbia PLC, Olam Group Ltd, Nestle SA, Danone SA, Abbott Laboratories, Sanofi SA, Hilmar Cheese Company, Fonterra Co-operative Group, ALPAVIT, DMK Group, Milk Specialties Group, Carbery Group, Lactalis Ingredients, Davisco Foods International, Maple Island |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.6% of the global whey protein market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,345.7 million by 2030.
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Whey Protein Market Scope
Whey Protein Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America whey protein market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to whey protein market will help companies and investors design strategic landscapes.
Whey protein concentrates (wpc) was the largest segment with a revenue share of 40.88% in 2022. Horizon Databook has segmented the Latin America whey protein market based on whey protein isolates (wpi), whey protein concentrates (wpc), whey protein hydrolysates (wph) covering the revenue growth of each sub-segment from 2017 to 2030.
Growing personal care industry in Central & South America on account of increasing expenditure on beauty and cosmetic products is expected to force FMCG companies to increase their production capacity. Thus, increasing production of personal care products in Central & South America is anticipated to motivate the growth of whey protein market over the next few years.
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Target buyers of Latin America whey protein market databook
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Our clientele includes a mix of whey protein market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America whey protein market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America whey protein market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America whey protein market size, by country, 2017-2030 (US$M)
Latin America Whey Protein Market Outlook Share, 2022 & 2030 (US$M)
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