Canada Whey Protein Ingredients Market Size (2024 - 2029)

The Canada whey protein ingredients market is experiencing growth driven by the increasing demand for protein-rich products, particularly in the form of powders for beverages and dairy products. This demand is fueled by rising sports and fitness trends, health consciousness, and the popularity of functional beverages and supplements. Whey protein's versatility is also evident in its use in plant-based alternatives and baby food, contributing to its expanding market size. The market is expected to continue growing as whey protein becomes more prevalent in sports nutrition and dairy alternatives, reflecting broader health and wellness trends.

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Market Size of Canada Whey Protein Ingredients Industry

Canada Whey Protein Ingredients Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 3.91 %
Market Concentration Low

Major Players

Canada Whey Protein Ingredients Market Major Players

*Disclaimer: Major Players sorted in no particular order

Canada Whey Protein Ingredients Market Analysis

The Canada whey protein ingredients market was valued at USD 85.5 million and is projected to register a CAGR of 3.91% over the next five years.

  • Whey proteins in different forms, like isolates, concentrates, and hydrolysates, are in much demand owing to their benefits over regular proteins. Whey proteins are available in their purest form and provide higher protein content than regular protein. The demand for protein-rich products is increasing due to rising sports and fitness trends. 
  • Consumers are opting for the consumption of whey protein ingredients in the form of powders in different beverages and milk products. Also, whey proteins are used in plant-based alternatives like bacon, sausages, and others. Furthermore, the use of whey protein in baby food and infant food products is increasing as they are easier to digest.
  • Growing health consciousness has led to an increased demand for functional beverages and supplements. Consumers nowadays prefer healthy food and fortified food products. As a result of which, the whey protein market is witnessing a surge in the country. Also, the use of whey protein ingredients in sports nutrition products like powders and beverages is increasing due to rising health and wellness trends. Consumers are opting for the consumption of proteins to build muscles and immunity. Over the medium term, the demand for whey protein ingredients is expected to increase owing to its increasing demand in the sports industry and dairy alternatives market.

Canada Whey Protein Ingredients Industry Segmentation

Whey protein is a mixture of proteins isolated from whey, the liquid material created as a by-product of cheese production. 

Canada's whey protein ingredients market is segmented into concentrates, hydrolysates, and isolates. By end user, the market is segmented into animal feed, personal care and cosmetics, food and beverages, and supplements. The food and beverage segment is further segmented into bakery, beverages, breakfast cereals, condiments/sauces, dairy and dairy alternative products, RTE/RTC food products, and snacks.

For each segment, the report offers the market size in value terms in USD and in volume terms in tons for all the abovementioned segments.

Form
Concentrates
Hydrolyzed
Isolates
End-User
Animal Feed
Personal Care and Cosmetics
Food and Beverages
Bakery
Beverages
Breakfast Cereals
Condiments/Sauces
Dairy and Dairy Alternative Products
RTE/RTC Food Products
Snacks
Supplements
Baby Food and Infant Formula
Elderly Nutrition and Medical Nutrition
Sport/Performance Nutrition
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Canada Whey Protein Ingredients Market Size Summary

The Canada whey protein ingredients market is experiencing a notable expansion, driven by the increasing consumer preference for protein-rich products. This trend is largely attributed to the rising health consciousness among consumers, who are increasingly aware of the benefits of whey proteins over regular proteins. Whey proteins, available in forms such as isolates, concentrates, and hydrolysates, are gaining popularity due to their higher protein content and digestibility. The demand for these ingredients is further bolstered by the growing interest in sports and fitness, as well as the rising prevalence of health issues like obesity and diabetes. As a result, whey protein is being incorporated into a variety of products, including beverages, baby foods, and sports nutrition items, to enhance their nutritional value and support muscle building and immunity.

The market is characterized by a diverse range of applications, with whey protein ingredients being increasingly used in both dairy and dairy alternative products. The shift towards plant-based and vegan options has led to a surge in demand for lactose-free dairy products, prompting market players to innovate and offer plant-based whey protein powders. Companies like Biosteel Canada and Fonterra Co-Operative Group Limited are at the forefront of this trend, providing products that cater to the growing demand for fortified and functional foods. The market is fragmented, with key players such as Agropur Dairy Cooperative, Glanbia PLC, and Groupe Lactalis focusing on product innovation, strategic partnerships, and expansions to meet the evolving consumer demands. These efforts are aimed at enhancing the nutritional content of various food products and capitalizing on the increasing popularity of whey protein ingredients in Canada.

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Canada Whey Protein Ingredients Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

      1. 1.1.1 Increasing Demand for Protein-Rich Food

      2. 1.1.2 Increasing Demand for Plant-Based and Organic Ingredients

    2. 1.2 Market Restraints

      1. 1.2.1 Presence of Counterfeit Products

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Form

      1. 2.1.1 Concentrates

      2. 2.1.2 Hydrolyzed

      3. 2.1.3 Isolates

    2. 2.2 End-User

      1. 2.2.1 Animal Feed

      2. 2.2.2 Personal Care and Cosmetics

      3. 2.2.3 Food and Beverages

        1. 2.2.3.1 Bakery

        2. 2.2.3.2 Beverages

        3. 2.2.3.3 Breakfast Cereals

        4. 2.2.3.4 Condiments/Sauces

        5. 2.2.3.5 Dairy and Dairy Alternative Products

        6. 2.2.3.6 RTE/RTC Food Products

        7. 2.2.3.7 Snacks

      4. 2.2.4 Supplements

        1. 2.2.4.1 Baby Food and Infant Formula

        2. 2.2.4.2 Elderly Nutrition and Medical Nutrition

        3. 2.2.4.3 Sport/Performance Nutrition

Canada Whey Protein Ingredients Market Size FAQs

The Canada Whey Protein Ingredients Market is projected to register a CAGR of 3.91% during the forecast period (2024-2029)

Agropur Dairy Cooperative, Glanbia PLC, Groupe Lactalis, Saputo Inc. and Fonterra Co-Operative Group Limited are the major companies operating in the Canada Whey Protein Ingredients Market.

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