Latin America Whey Protein Market

Latin America Whey Protein Market Size

The whey protein market in Latin America was valued at USD 0.61 billion in 2023. The Latin American market is expected to grow at a CAGR of 9.03% from 2024 to 2032 and be worth USD 1.33 billion by 2032 from USD 0.67 billion in 2024.

Latin America speaks to one of the ideal whey protein markets because of an essential piece of more youthful populaces that are utilizing whey protein widely in weight training and as dietary enhancements. Dairy, infant baby formula and bakery markets have encountered constant development in the locale. Notwithstanding, an expanded interest in dairy ingredients and recombined milk has been seen in the nation in recent years. Argentina is an emerging market; after Brazil, Argentina is seen as a robust market in the whey protein industry. The dairy, infant baby formula and bakery markets have encountered steady development in Argentina. Be that as it may, expanded interest in dairy ingredients and recombined milk has been seen in the nation in recent years. This, helped by the customer's move toward adjusted and healthy eating regimens, brought about an interest in strengthening proteins. Mixes of whey hydrolysates and secludes are seeing expanding notoriety among shoppers and are, by and large, progressively utilized in sports nutrition.

Latin America speaks to one of the profitable markets for whey protein because of its massive populace of youthful grown-ups who use whey protein broadly as working out and dietary enhancement. Dairy, milk powder, and bakery markets are experiencing consistent development right now. In any case, the most recent five years have seen an expansion in the interest of elective dairy ingredients and recombinant milk. The assurance of wellness and well-being, the high reception of exercise center culture, and the quest for body excellence were the primary elements of mechanical development. The ascend in the global and local food business is supported by the increasing population, growth in buying abilities, and consumer mindfulness about nutrition benefits in the nation.

As the rec center culture developed, the interest in sports nutrition and protein supplements expanded. Among sports nutrition, protein assumes an essential job in the quality of well-being and muscle preparation because of its medical advantages. The expansion in the utilization of whey protein in useful nourishments, baby formulas, and clinical nutrition is required to assume a fundamental role in the development of deals in the area, together with the nearness of the leading whey protein producers in Latin America. Brazil is the nation with the most noteworthy corpulence rate on the planet, and to address this issue, individuals search for approaches to remain sound and pick a reliable way of life. Protein is the most favored type of supplement for getting fitter and sports nutrition right now. Well-being and security issues, administrative issues, and promoting accreditations are significant hindrances to the development of the Latin American whey protein market. Likewise, the considerable expense of assembling whey protein is a substantial obstacle to the development of local businesses.

SEGMENTAL ANALYSIS

By Type Insights

In 2023, the concentrates segment led the Latin American whey protein market due to its features like a low degree of fat, cholesterol, and lactose-free. Also, they contain vital segments that are wealthy in proteins and beneficial properties, with high utilization in processed foods.

By Application Insights

The food business ruled the market with a notable income in 2018. This part has been rising due to the increasing attention paid to dietary advantages among the masses. Interest in substantial food items is becoming inferable from extending the well-being consciousness of purchasers, for example, grown-ups and seniors, newborn children and babies, and middle-class wellness devotees. For instance, Boomers Nutrition produces protein vitality for 40+ individuals. Similarly, Carbery developed peptide-specific pre-processed proteins for neonatal children. Organizations like Optimum Nutrition, an auxiliary of Glanbia, are among the most prominent players in the business.

REGIONAL ANALYSIS

Brazil maintained its second position in the worldwide gym industry as far as a few wellbeing communities over the most recent three years. The assurance of wellness and well-being, the high reception of rec center culture, and the quest for body excellence were the crucial variables of Brazil's whey protein market development. As the exercise center culture developed, the interest in sports nutrition and protein supplements expanded, which greatly affected game sustenance. Among sports nourishment, protein assumes a significant job in the quality of well-being and muscle preparation because of its medical advantages. After Brazil, Argentina's whey protein market is viewed as a robust industry right now. Dairy markets, infant baby formula, and bakery items have experienced consistent development in Argentina.

KEY MARKET PLAYERS

Major Key Players in the Latin America whey protein market are Hilmar Cheese Company, Maple Island Inc., Glanbia, Saputo Inc., Davisco Foods International Inc., Alpavit, Fonterra Cooperative Group Ltd, Milk Speciality Globals, Wheyco Gmbh, Milkaut SA.

RECENT HAPPENINGS IN THE MARKET

• DSM gives animal feed as an imaginative and economic arrangement. The items offered by the organization are carotenoids, milk probiotics, nutrients like UFO, ROVIMIX remains and natural green grass whey powder.
• Ora Organic offers an assortment of whey protein moves in powder structure. This veggie-lover protein powder arrives in a variety of flavors, for example, chocolate, vanilla, and vanilla chai.
• Isopure zero discharges starch powder that comprises protein and low calories, which is advantageous for the keto diet.

MARKET SEGMENTATION

This research report on the Latin America whey protein market is segmented and sub-segmented into the following categories.

By Type

• Isolates
• Concentrates
• Hydrolysate

By Application

• Nutritional
• Personal Care
• Feed
• Food

By Country

• Brazil
• Mexico
• Argentina
• Chile
• Rest Of Latin America