Latin America Condensed Whey Market

Latin America Condensed Whey Market Analysis 2022 - 2027:

The Latin America Condensed Whey Market was expected to be USD x.xx million in 2020 and is anticipated to reach an extent of USD x.xx million, recording a notable CAGR throughout the foreseen period (2022 - 2027).

Condensed whey is the thick or runny liquid that remains after milk is coagulated and filtered. It is derived during cheese or casein production and has a different commercial application. Whey protein is a kind of spherical protein that are isolated from whey. Whey protein is a combination of alpha-lactalbumin, beta-lactoglobulin, bovine serum albumin and immunoglobulins. These contents are soluble in their natural forms whatever the pH.

Recent Developments

1. In 2003, Agri-Mark shoot hands with the Chateaugay Cooperative in New York and purchased the assets of McCadam Cheese, including a manufacturing unit in Chateaugay. McCadam makes award-winning Cheddar, Muenster and European New York cheeses. Most condensed whey solids are processed and dried into powder within 8 hours of cheese making.
2. DMK Group, a German-based dairy company and Volac ended their joint collaboration in DV Nutrition (DVN). With this acquisition, DMK hopes to operate in more lucrative and higher value-added markets such as baby food, clinical nutrition and food applications in Asia pacific. DVN will be integrated into the "whey ingredients" division within the industry business unit and will be managed by the wheyco subsidiary. Beginning January 1, 2020, subject to prior uthorization from the competition, the DMK group is expected to acquire all shares in the joint venture.
3. Whey-based dairy ingredients reported to be used nationally in human consumption last year totaled 1.155 million pounds, down 13.3% from 2015, according to the 2016 Dairy Utilization Report. Production Trends from the American Dairy Association (ADPI), released this week.

Market Drivers and Restraints:

Increasing awareness of physical appearance and the nutritional importance of serum for improving muscle strength in athletes is expected to stimulate growth. Also, rising disposable income of middle-income groups in developing countries, especially China, India and Japan, is expected to spur the adoption of products such as functional foods in the near future. The increasing demand for healthy eating, along with the growing awareness of healthy lifestyles, are some of the main factors that can drive the growth of the Latin America condensed whey market. Additionally, increased consumption of dietary supplements and whey protein for muscle building is another factor that is expected to drive revenue growth in the local market. Furthermore, the increasing number of dairy processing units in developed and developing countries is a factor that is believed to drive growth in the target market during the projection period. However, some people may face an allergic reaction due to excessive consumption of whey or whey protein foods, and this is a crucial factor that is expected to hamper the growth of the Latin American market during the projection period.

Market Segmentation:

The Latin America Condensed Whey Market is segmented based on product, application, and geography. Based on product, the market is divided into Acid, Sweetened, and Plain. Depending on the Application, the market is segmented into Animal Feed, Meat Products, Jams and Jellies, Sauces, Soups, and Dressings, Bakery Products & Confectionery, Dairy Products, Food and Beverage, and Others.

Impact of covid-19 on Latin America Condensed Whey Market

COVID-19 pandemic is supposed to continue to influence the food sector and its supply chains. Due to this uncertainty, the F&B sector experienced delays in the supply of products. Many companies have launched contingency plans to build in-depth supply chain facilities across the country. Food retailers remain committed to preserving local supplies to combat the danger of interregional transportation bans. Food manufacturers with services in other countries have begun working with local suppliers to keep products moving and overcome potential ingredient shortages. The F&B culture that had flourished over the past decades will have to see new challenges with the slowdown of the Coronavirus, such as recovering from losses and a preference for ordering food online. Additionally, condensed traffic to hotels will have an understandable cascading effect on returns to the food and beverage industry, affecting the entire hotel ecosystem.

Regional Analysis:

The Latin America Condensed Whey market has been categorized by geography into Mexico, Brazil, Peru, Chile, and the rest of the Latin America. The advanced economies in Latin America, such as Mexico, contribute majorly to the global market. Economic growth in key emerging economies in these regions has led to increased disposable income and increased consumer spending on healthy foods and lifestyles.

Leading Company

Leprino Foods Company had the substantial share of the Latin America Condensed Whey Market in terms of sales and revenue in 2019.

Key Players

Key players in the Latin America Condensed Whey Market include Fonterra Co-operative Group Limited, Leprino Foods Company Inc, Saputo Inc, Chicago Dairy Corporation, Agropur Inc, Berkshire Dairy and Food Products, Agri-Mark Inc, Associated Milk Producers Inc, Dairy Farmers of America, Inc, and Foremost Farms USA Cooperative.