Colombia Whey Protein Market - Research and Markets

Colombia is the third-largest milk producer in South American. Of all the livestock in Columbia, 41% are dedicated to milk production. There are about 95 dairy product producing companies in Columbia, of which 50% are located in major cities such as Bogota, Antioquia, and Cundinamarca. Most of the milk produced in the country is exported to other countries to make dairy products. However, in recent years, local producers have started to set up their own production facilities to produce milk derivatives and to meet the local demand for dairy products. There is a great demand for whey protein among industrial users to produce various whey-based products, particularly across the food and beverage industry. The whey protein market in Columbia stood at $49.2 million in 2020 which is expected to grow at a CAGR of 4.6% until the forecast period.

Favorable microeconomic factors such as ready availability of resources and ready customer base are the major factors responsible for strong demand for plant protein products along with whey protein. In addition, growing demand from the health-conscious young population in Columbia for dietary supplements containing whey ingredients is strengthening the market's growth. Major global players like Nestle, Danone, Gloria, and Parmalat are entering the whey protein market either by FDI or by mergers/collaborations with the local dairy producers. Multinational players are focused on reducing the cost of production by increasing scale and thereby gaining an advantage over local Columbian whey protein producers. Creating consumer awareness by aggressive marketing strategies and greater visibility of products across retail space are other steps taken by producers to generate demand.

Key Deliverables

Market trends since 2017 and five-year forecasts of market growth
Detailed analysis of the micro and macro elements influencing demand trends
Identifying opportunity spaces across segments
Supply & demand side trend and analysis
Price trend analysis, investment prospects, and competition pattern
Insights on the growth potential of the market
Detailed analysis of major producers covering financial investments & strategies adopted
Competitive landscape of the industry

1. Introduction

1.1 Research Methodology
1.2 Scope of the Study
1.3 Assumptions

2. Summary

2.1 Market Summary by Type
2.2 Market Summary by Application

3. Industry Dynamics

3.1 Drivers
3.1.1 Increasing awareness about health benefits of diet supplements
3.1.2 Growing use of whey proteins in functional food and beverages industry
3.1.3 Increasing demand for dietary proteins
3.2 Restraints
3.2.1 High cost of ingredients and production
3.2.2 Growing vegan population & whey protein alternatives
3.2.3 Health & safety concerns and undefined regulations
3.3 Opportunities
3.3.1 Growing dietary supplement prescription
3.3.2 Surging demand for high-quality protein in food industry
3.3.3 Increasing use of protein products in the personal care industry
3.4 Porter’s Five Forces Analysis
3.4.1 Bargaining power of Suppliers
3.4.2 Bargaining power of Buyers
3.4.3 Degree of Competition
3.4.4 Threat of Substitution
3.4.5 Threat of new entrants
3.5 Future Trends in Whey Protein Industry
3.6 Value Chain Analysis
3.7 Industry Policies & Regulations
3.8 Market Innovations

4. Market Size and Forecast

4.1 Market Share, Type
4.1.1 Whey Protein Concentrate (WPC)
4.1.2 Whey Protein Isolate (WPI)
4.1.3 Hydrolyzed Whey Protein (HWP)
4.1.4 Others
4.2 Market Share, Processing
4.2.1 Ultrafiltration
4.2.2 Ion Exchange
4.2.3 Hydrolysis
4.2.4 Others
4.3 Market Share, Application
4.3.1 Food
4.3.1.3 Infant Formula
4.3.1.2 Confectionary
4.3.1.3 Bakery
4.3.1.4 Snacks
4.3.1.5 Dairy Products
4.3.1.6 Meat Products
4.3.1.7 Others
4.3.2 Beverages
4.3.3 Dietary Supplements
4.3.4 Others

5. Competitive Analysis

5.1 Market Share Analysis
5.2 Growth Strategies of leading players
5.3 Investment and Development Prospects
5.3.1 Investment in past five years
5.3.2 Investment Opportunities
5.4 Price Trend Analysis
5.4.1 Product Classifications and Their Prices
5.4.2 Factors Influencing Prices

6. Company Profiles

6.1 Agropur MSI, LLC
6.2 Arla Foods
6.3 Carbery Group
6.4 Champignon-Hofmeister Group
6.5 DMK group
6.6 FriesiandCampina Ingredients
6.7 Glanbia Plc
6.8 Hilmar Cheese Company Inc
6.9 Lactalis Ingredients
6.10 Land O'Lakes Inc
6.11 Leprino Foods Co
6.12 Milk Specialties Global
6.13 Meggle Group
6.14 Saputo Ingredients
6.15 Fonterra Co-operative Group
6.16 Volac

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