Latin America Condensed Whey Market Analysis 2020-2025:
The Latin America Condensed Whey Market was expected to be USD x.xx million in 2019 and is anticipated to reach an extent of USD x.xx million, recording a notable CAGR throughout the foreseen period (2020-2025).
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.
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.
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.
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.
Leprino Foods Company had the substantial share of the Latin America Condensed Whey Market in terms of sales and revenue in 2019.
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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.5 Y-o-Y Growth Analysis, By Product
5.1.6 Market Attractiveness Analysis, By Product
5.1.7 Market Share Analysis, By Product
5.2.2 Food and Beverage
188.8.131.52 Dairy Products
184.108.40.206 Bakery Products & Confectionery
220.127.116.11 Sauces, Soups and Dressings
18.104.22.168 Jams and Jellies
22.214.171.124 Meat Products
5.2.3 Animal Feed
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Application
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Product
22.214.171.124 By Application
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Product
184.108.40.206 By Application
6.2 Latin America
6.2.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Leprino Foods Company Inc.
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Foremost Farms USA Cooperative, Inc.
8.3 Dairy Farmers of America, Inc.
8.4 Associated Milk Producers Inc.
8.5 Agri-Mark, Inc.
8.6 Berkshire Dairy and Food Products
8.7 Agropur Inc.
8.8 Chicago Dairy Corporation
8.9 Saputo Inc.
8.10 Fonterra Co-operative Group Limited
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures