Argentina comes second in terms of GDP in the South American region after Brazil. Agriculture plays a major role in the economic development of the country. Agriculture industry contributes around 8.5% of Argentina’s economy, of which the dairy industry contributes a significant amount of it. The milk production capacity of Argentina mainly comes from 1.85 million dairy cows distributed among major regions in Argentina, especially in the Central region. In recent years, the production capacity of milk in the country has increased significantly, leading to an increase in the production of a wide range of dairy products. The growing dairy industry supported by Government funding has attracted many major global players to set up the production facility. With growing production, the demand for dairy products, including whey protein, has been growing rapidly, parallel to an increase in health awareness. Moreover, growing trend to consume whey protein as a dietary supplement in combination with aggressive marketing strategy is giving a push to whey protein market revenue in the country. The whey protein market is estimated to reach $99.5 million in 2026.
Sports nutrition has moved into the mainstream in Argentina in recent years. The growth of whey protein is supported by the growing demand from athletes, bodybuilders, and gym-goers and push from trainers and fitness experts. The expansion of the whey protein industry in Argentina is also demand driven by the infant formula and sports industry. The growth is expected to be strong in fast-moving consumer goods sections such as bars, confectioneries, and bakery due to developed distribution network. However, the constrained disposable income and a weak economy pose a threat to the growth of the market.
The market revenue of whey protein application across the dietary supplement industry has grown by 23% in the last five years and is expected to grow at a CAGR of 5.4% during the forecast period. The usage of whey protein is also growing in the food and beverage industry to produce ready-to-eat salads, sauces, breads, and alcoholic drinks such as beers, wines, and some whiskeys to improve taste and protein content in the products. The market revenue of whey protein across the food industry stood at $18.8 million in 2020 and is expected to grow at a CAGR of 5.0% during the forecasted period.
Sports nutrition has moved into the mainstream in Argentina in recent years. The growth of whey protein is supported by the growing demand from athletes, bodybuilders, and gym-goers and push from trainers and fitness experts. The expansion of the whey protein industry in Argentina is also demand driven by the infant formula and sports industry. The growth is expected to be strong in fast-moving consumer goods sections such as bars, confectioneries, and bakery due to developed distribution network. However, the constrained disposable income and a weak economy pose a threat to the growth of the market.
The market revenue of whey protein application across the dietary supplement industry has grown by 23% in the last five years and is expected to grow at a CAGR of 5.4% during the forecast period. The usage of whey protein is also growing in the food and beverage industry to produce ready-to-eat salads, sauces, breads, and alcoholic drinks such as beers, wines, and some whiskeys to improve taste and protein content in the products. The market revenue of whey protein across the food industry stood at $18.8 million in 2020 and is expected to grow at a CAGR of 5.0% during the forecasted period.
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
Table of Contents
1. Introduction
2. Summary
3. Industry Dynamics
4. Market Size and Forecast
5. Competitive Analysis
6. Company Profiles
Appendix
Companies Mentioned
- Agropur MSI, LLC
- Arla Foods
- Carbery Group
- Champignon-Hofmeister Group
- DMK group
- FriesiandCampina Ingredients
- Glanbia Plc
- Hilmar Cheese Company Inc
- Lactalis Ingredients
- Land O'Lakes Inc
- Leprino Foods Co
- Milk Specialties Global
- Meggle Group
- Saputo Ingredients
- Fonterra Co-operative Group
- Volac.
