The whey protein industry is one of the important parts of Canada’s dairy segment. The whey protein market in Canada represents around 18% of the total North America whey protein market share. The rising awareness about healthy living among the population, especially among obese and overweight residents, is maintaining the steady demand for whey protein across various food industry segments. The whey protein market is estimated to grow at a CAGR of 7.1% until 2026. Whey products, cheese, and skim milk powder represent major dairy exports of the country. The high-value food products produced from whey protein by adding valuable ingredients are exported to countries such as the U.S., Brazil, and Saudi Arabia, among others. Saputo Ingredients and Fonterra Group are the major producers in Canada.
Milk is the only raw material used for producing whey protein. Thus whey protein industry is hugely influenced by Government policies, safety & security, and industry partners. Governmental institutes and industry partners work in close cooperation to coordinate the price, quality, and demand-supply of milk and milk products. The Government also puts regulations to ensure that strict production standards and quality processing measures are applied throughout the supply chain of dairy products such as cheese, yogurt, and whey. Along with the Government of Canada, stakeholders of dairy industries also ensure the implementation of proper rules and regulations to supply quality products and maintain competitiveness in the exports market.
Dairy farmers of Canada have launched a national framework that incorporates modules on milk quality and dairy products such as whey, cheese, curd etc. Strategic alliances among universities, processors, and producers have resulted in the research and development of new products based on whey protein. The use of whey protein in the dietary supplement industry represents 46% of market share and is continuously growing steadily. Canada’s dairy industry is technologically advanced and has led to developing a wide range of products out of milk and has largely influenced the local food and beverage industry. The whey protein market across the food industry was estimated at $136.0 million in 2020, and is estimated to reach $206.9 million by 2026. Hydrolyzed whey protein is estimated to be the fastest-growing segment. The growing demand for whey protein and emphasis on exports of whey-based products is expected to maintain the steady consumption rate during the forecast period.
Milk is the only raw material used for producing whey protein. Thus whey protein industry is hugely influenced by Government policies, safety & security, and industry partners. Governmental institutes and industry partners work in close cooperation to coordinate the price, quality, and demand-supply of milk and milk products. The Government also puts regulations to ensure that strict production standards and quality processing measures are applied throughout the supply chain of dairy products such as cheese, yogurt, and whey. Along with the Government of Canada, stakeholders of dairy industries also ensure the implementation of proper rules and regulations to supply quality products and maintain competitiveness in the exports market.
Dairy farmers of Canada have launched a national framework that incorporates modules on milk quality and dairy products such as whey, cheese, curd etc. Strategic alliances among universities, processors, and producers have resulted in the research and development of new products based on whey protein. The use of whey protein in the dietary supplement industry represents 46% of market share and is continuously growing steadily. Canada’s dairy industry is technologically advanced and has led to developing a wide range of products out of milk and has largely influenced the local food and beverage industry. The whey protein market across the food industry was estimated at $136.0 million in 2020, and is estimated to reach $206.9 million by 2026. Hydrolyzed whey protein is estimated to be the fastest-growing segment. The growing demand for whey protein and emphasis on exports of whey-based products is expected to maintain the steady consumption rate during the forecast 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.
