The whey protein industry is highly dynamic and profitable in Mexico. The country is estimated to show a healthy growth rate in this segment. The growth in the whey protein market is attributed to changes in dietary patterns, economic stability, and rising focus on the export of dairy products. The whey protein market was worth $292.3 million in 2020 and is expected to grow at the CAGR of 7.8% during the forecast period.
The dairy sector in Mexico is continuously expanding due to Government support, commitments from the private sector, and improved technology in genetics and processing. Mexico is the largest importer of U.S. dairy products, and the EU exports a significant amount of milk to Mexico. Hence, the modernization of both EU-Mexico FTA and NAFTA is being closely watched by the industry because any changes in it would impact the milk price in Mexico, which will affect the whey protein market in the country.
Although the whey protein industry of Mexico is not as developed, the market has shown significant growth in the past five years. The usage of whey protein is attributed chiefly to dietary supplements, food and beverage industries. Due to the increasing demand for whey protein among the overweight population of Mexico, the application of whey protein in the dietary supplement industry is forecasted to grow at a CAGR of 8.2% until 2026. The growing application of whey protein in the food and beverages sector and the development of various products with whey content has resulted in a growing whey market across the food and beverages industry.
The dairy sector in Mexico is continuously expanding due to Government support, commitments from the private sector, and improved technology in genetics and processing. Mexico is the largest importer of U.S. dairy products, and the EU exports a significant amount of milk to Mexico. Hence, the modernization of both EU-Mexico FTA and NAFTA is being closely watched by the industry because any changes in it would impact the milk price in Mexico, which will affect the whey protein market in the country.
Although the whey protein industry of Mexico is not as developed, the market has shown significant growth in the past five years. The usage of whey protein is attributed chiefly to dietary supplements, food and beverage industries. Due to the increasing demand for whey protein among the overweight population of Mexico, the application of whey protein in the dietary supplement industry is forecasted to grow at a CAGR of 8.2% until 2026. The growing application of whey protein in the food and beverages sector and the development of various products with whey content has resulted in a growing whey market across the food and beverages industry.
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.
