Region:Central and South America
Author(s):Shubham Kashyap
Product Code:KROD219
The Brazil Whey Protein Market is the largest whey protein market in South America with more than half the market share. The Brazil whey protein market is expected to grow at a CAGR of 8% in the forecasted period of 2022-2028. The Brazil whey protein market is driven by variables like rising health and fitness awareness, health benefits, an increasing number of fitness centers, changing lifestyles, and sports nutrition. The growth of e-commerce and online platforms has also impacted the Brazil Whey Protein Market significantly.
The Brazil Whey Protein market has enhanced in the region owing to growing Western influence that has resulted in high demand for food and beverages. The market is also transforming due to the growing health club industry in the country. In 2015, 4% Brazilian population become active members of fitness centers. Owing to the increasing gym culture in the region the demand for whey proteins automatically surged in the country. 74% of the sports nutrition market in Brazil is owned by whey proteins owing to their health benefits.
The Brazil Whey Protein market is highly competitive and filled with major national and international players. Arla Foods Ingredients, Carbery Group, Fonterra Co-Operative Group, Hilmar Ingredients, Friesland Campina, Agropur MSI LLC, Champignon-Hofmeister Group, DMK Group, Glanbia Plc, Lactalis and Leprino Foods are some of the major players of Brazil Whey Protein market.The market is expected to witness various new startups as the market is growing significantly. Major producers of whey protein in Brazil are planning to add ingredients of whey proteins in different food and drinks to match up with the growing demand for whey protein in the country. The market producers are receiving a push from personal trainers and gym professionals to bring variety in products of whey protein.
By Product Type: The Brazil whey protein market is segmented into three main types by product type: Whey Protein Concentrate, Whey Protein Isolate and Hydrolyzed Whey Protein. Out of all three-product type whey protein Concentrate is dominating the whole whey protein market and covers more than half of the market share.The reason behind their dominance is that whey protein concentrate is considered the most efficient and economical type of protein product for humans to digest and use. This product is not heated instead concentrates are micro-filtered so that they can produce ultra-pure protein. This powder mixes easily and gives the perfect protein shake to consumers. This whey protein type is famous among fitness enthusiasts as it is very cheap and can be used as a general body supplement.
By Application: The Brazilian whey market is categorized into two main categories on the bases of application: Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food. Sports and performance nutrition are dominating the Brazilian whey protein market.This segment is leading the market because sports and performance nutrition focuses on people involved in sports, fitness, and athletics. Whey protein products are very popular among these individuals as these products are easy to digest and provide high-quality protein. Individuals can muscle repair and gain support through whey protein products.
By type of Geography:The Brazilian whey protein market is divided into four main regions North, South, East, and West. The southern part of the country is the most dominating region in the whey protein market. southern Cities like Parana, Santa Catarina, and Rio Grande do Sul are the hub for the whey protein market in the country.The southern region has huge availability of raw materials for whey protein ingredients for manufacturing and has more proximity to dairy farms. Further, the region also drives the whey protein market because there is a high awareness of health and wellness trends among people. This leads to a high demand for way protein products in the region. Cities like Bahia, Pernambuco, and Ceara also have a significant presence of whey protein products.
The Brazilian whey protein market is highly competitive and filled with several players. Various national as well as international companies are operating in this market. Arla Foods Ingredients, Carbery Group, Fonterra Co-Operative Group, Hilmar Ingredients, Friesland Campina, Agropur MSI LLC, Champignon-Hofmeister Group, DMK Group, Glanbia Plc, Lactalis and Leprino Foods are some of the major players of Brazil Whey Protein market. The market is projected to become more dynamic and competitive with the arrival of new entrants in the next few years.Apart from the whey protein manufacturers other food and beverages companies are also entering the protein product business as the demand for whey protein products is continue to rise in the country owing to different variables. This step has made the competition more intense among the players and opened a lot of options for the customers.
The Brazil Whey Protein Market is projected to grow at a CAGR of 12 % from 2022 to 2028 driven by variables such as rising health and fitness awareness, health benefits, an increasing number of fitness centres, changing lifestyles, growth of e-commerce platforms & online platforms, increasing purchasing power of customers, and sports nutrition.
Brazil Whey Protein Market Segmentation |
|
By Type of Products |
Whey Protein Concentrate Whey Protein Isolate Hydrolyzed Whey Protein |
By Application |
Sports and Performance Nutrition, Infant Formula and Functional/Fortified Food |
By Region |
North West South East |
2.1 Taxonomy of the Market
2.2 Industry Value Chain
2.3 Ecosystem
2.4 Government Regulations/Initiatives for the Market
2.5 Growth Drivers of the Brazil Whey Protein Market
2.6 Issues and Challenges of the Brazil Whey Protein Market
2.7 Impact of COVID-19 on the Brazil Whey Protein Market
2.8 SWOT Analysis
4.1 By Product Type, 2017 - 2022
4.2 By Application 2017 - 2022
4.3 By Regional Split (North/East/West/South), 2017 - 2022
5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
5.2 Strategies Adopted by Leading Players
5.3 Company Profiles
5.3.1 Arla Foods Ingredients
5.3.2 Carbery Group, Fonterra
5.3.3 Co-Operative Group
5.3.4 Hilmar Ingredients
5.3.5 Friesland Campina
5.3.6 Agropur MSI LLC
5.3.7 Champignon-Hofmeister Group
7.1 By Product Type, 2022 - 2028
7.2 By Application 2022 - 2028
7.3 By Regional Split (North/East/West/South), 2022 - 2028
Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around the market to collate industry-level information.
Collating statistics on the whey protein market over the years, penetration of marketplaces, and service providers ratio to compute revenue generated for the micro-lending products. We will also review product quality statistics to understand the revenue generated which can ensure accuracy behind the data points shared.
Building market hypotheses and conducting CATIs with industry experts belonging to different companies to validate statistics and seek operational and financial information from company representatives.
Our team has approached multiple whey protein providing channels and understanding the nature of product segments and sales, consumer preference, and other parameters, which supported us validate statistics derived through the bottom-to-top approach from whey protein providers.
The Brazil Whey Protein Market is expected to witness a CAGR of ~12 % during forecasted period.
Carbery Group, Arla Foods Ingredients and Fonterra Co-Operative Group are the major players in brazil whey protein market.
Rising health awareness, fitness trends, online shopping, changing lifestyles, and sports nutrition are the key factors in Brazil's whey protein market.
Fitness trends, growing health consciousness, and sports nutrition contribute.
Yes, the market faces regulatory and labeling requirements from ANVISA (Brazil's health agency).
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