Argentina Whey Protein Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.10 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Whey Protein Market Analysis
Argentina whey protein market is projected to grow at a CAGR of 2.1% during the forecast period (2020 - 2025).
- Argentina is one of the lucrative markets for whey protein due to a large number of the younger population, consuming whey protein extensively in bodybuilding. With the growing gym culture, the demand for sports nutrition and protein supplements has increased in recent years.
- The key factors that drive the growth of the whey protein market in the region are rising demand for dairy ingredients, consumer awareness towards a healthy diet, rising trend of the health club and fitness center, and keen interest of youngsters towards sports and nutrition.
Argentina Whey Protein Market Trends
This section covers the major market trends shaping the Argentina Whey Protein Market according to our research experts:
Whey Protein Concentrates Occupied the Largest Market Share
Whey protein especially whey concentrate is the most popular dietary supplement due to its strong amino acid profile and ease of absorption quality. Whey protein concentrates are at par with dietary supplements due to its versatile nature and wide range of applications as an ingredient. Whey protein concentrate is efficiently used in infant formulations, confectionaries, dairy products, and bakery products, which is further fuelling the demand for whey protein concentrates in the country.
Moreover, due to its easy digestibility of whey protein concentrate, efficient processing, and economic applications have been augmenting the global food and beverage industry. In addition, with the increased consumption of nutritional products related to sports and fitness, the demand for whey protein concentrates have increased tremendously. However, whey protein concentrates also offer a cost-effective alternative to formulating caramels with good eating quality and exceptional processing. Thus, the demand for this form of whey protein is expected to grow significantly during the forecast period.
Growing Consumer Inclination towards Performance Nutrition
Argentina is observed to be a strong market for whey protein industry. Growing consumer inclination towards fitness trends, demand from the health, performance, and sports enthusiasts have led to the significant growth of whey protein-based product market. Exercise is becoming an essential part in the day-to-day life among people, as a result of which the demand for protein beverages and supplements is increasing. This is likely to lead to an increment in the whey protein market. Consumption continued to increase in the sports nutrition industry, driven by increasing demand from its more traditional customer base of athletes, gym-goers, enthusiasts, and bodybuilders. However, pertaining to a large number of non-traditional users of whey protein the market is further expected to grow at a significant growth rate.
Argentina Whey Protein Industry Overview
The whey protein market in Argentina is fragmented with the presence of global and regional players. Several small and international players are involved in the manufacturing and distribution of whey protein ingredients in the country. Some of the dominant players in the market are Fonterra Co-operative Group, Arla Foods AMBA, and Hilmar Cheese Company among others. Due to the increasing demand for whey protein among the consumers, the major companies are focusing on new and innovative product launches as well as mergers and acquisitions to gain a competitive edge in the market.
Argentina Whey Protein Market Leaders
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Saputo Inc.
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Arla Foods Ingredients
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Hilmar Cheese Company
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Royal FrieslandCampina
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Lactalis Ingredients
*Disclaimer: Major Players sorted in no particular order
Argentina Whey Protein Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables and Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
- 4.3.1 Threat of New Entrants
- 4.3.2 Bargaining Power of Buyers/Consumers
- 4.3.3 Bargaining Power of Suppliers
- 4.3.4 Threat of Substitute Products
- 4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Whey Protein Concentrate (WPC)
- 5.1.2 Whey Protein Isolate (WPI)
- 5.1.3 Hydrolyzed Whey Protein (HWP)
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5.2 By Application
- 5.2.1 Sports and Performance Nutrition
- 5.2.2 Infant Formula
- 5.2.3 Functional/ Fortified Food
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Position Analysis
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6.3 Company Profiles
- 6.3.1 Arla Foods Ingredients
- 6.3.2 Saputo Inc.
- 6.3.3 Hilmar Cheese Company
- 6.3.4 Fonterra Co-Operative Group
- 6.3.5 Royal FrieslandCampina
- 6.3.6 Lactalis Ingredients
- 6.3.7 Leprino Foods Company
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Whey Protein Industry Segmentation
Argentina whey protein market is fragmented with the presence of various players. The major players are adopting different strategies such as product innovation, merger, and acquisitions to meet the growing demand of consumers. The major players engaged in the distribution of whey protein across the region are Fonterra Co-operative Group Limited, Arla Foods Ingredients, Carbery Group, and Hilmar Ingredients among others.
| By Product Type | Whey Protein Concentrate (WPC) |
| Whey Protein Isolate (WPI) | |
| Hydrolyzed Whey Protein (HWP) | |
| By Application | Sports and Performance Nutrition |
| Infant Formula | |
| Functional/ Fortified Food |
Argentina Whey Protein Market Research FAQs
What is the current Argentina Whey Protein Market size?
The Argentina Whey Protein Market is projected to register a CAGR of 2.10% during the forecast period (2024-2029)
Who are the key players in Argentina Whey Protein Market?
Saputo Inc., Arla Foods Ingredients, Hilmar Cheese Company, Royal FrieslandCampina and Lactalis Ingredients are the major companies operating in the Argentina Whey Protein Market.
What years does this Argentina Whey Protein Market cover?
The report covers the Argentina Whey Protein Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Whey Protein Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Protein Industry Report
Statistics for the 2024 Argentina Protein market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Protein analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
