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Pulished Date February, 2020
ID: 9454
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North America Condensed Whey Market Analysis by Product (Plain, Sweetened and Acid), by Application (Food and Beverage, Animal Feed and Others), and Region (United States, Canada and Mexico) - Regional Industry Size, Growth, Share, Trends, Analysis Forecast Research Report 2020-2025

Pulished: February, 2020
ID: 9454
Pages: 130

North America Condensed Whey Market Introduction:

Whey is among the largest reservoirs of dietary protein which is a liquid that remains after milk has been curdled and filtered. The whey protein comprises serum albumin, alpha-lactalbumin, β-lactoglobulin, protease-peptones, and immunoglobulins. Soft whey is generally obtained from the processing of hard cheese, such as Swiss cheese or cheddar cheese. In contrast, sour whey is made from acidic dairy products, such as yogurt and cottage cheese. However, this whey protein is highly perishable, and its use in liquid form is very limited, and therefore whey needs to be reduced in condensed or powdered form. The condensation of the serum reduces the volume of the liquid and increases the consistency of the liquid; the product obtained is called condensed serum. The condensed whey is dried into a powder and is marketed as an essential ingredient in various food products for human and animal consumption. Condensed whey is widely used in the food and beverage industry in multiple applications such as dairy products, baked goods, sauces, baby food, meat production, drinks, soups, salad dressings and creams. Condensed whey is mainly used in the processing of bread and other baked goods. It is also used with fruits and jams in various fillings and spreads in confectionery. Furthermore, condensed whey is also used in the preparation of whey sweets, such as wheyfers, whey caramel, whey toffy, and whipped whey fudge.

North America Condensed Whey Market Drivers and Restraints:

Being the most valuable and nutritious proteins available on the market, it will facilitate the development of the global market due to the increasing applications of condensed whey in the making of various food and beverage products. The growing awareness for the physical appearance and nutritional importance of serum to improve muscle strength is stimulating growth in sports enthusiasts. The increasing demand for healthy foods, along with the rising awareness of healthy lifestyles, is some of the main factors that can drive growth in the regional market. The forms of whey products are believed to support the immune system due to the presence of immunoglobulins, which maintain blood pressure. In recent years, condensed whey has been increasingly used as a functional ingredient in various applications, such as baked goods, jams and jellies, and confectionery products that include abundant branched-chain amino acids (BCAAs). This factor should stimulate demand of products in the coming years. 

The rising bakery and confectionery industry is the primary driver of the increasing demand for condensed milk, as it is used as one of the key ingredients in these products. Additionally, condensed milk is used in various ready-to-drink beverages as a source of protein to meet an individual's body needs. The increasing use of condensed whey as a protein supplement and in infant formulas will have a positive influence on product sales. Manufacturers of animal nutrition products use condensed whey in their feed and formulations to improve their product offerings and provide animals with sufficient protein and feed. The growing animal feed industry is the primary driver of the increasing demand for condensed whey.

Regional Analysis:

The North America Condensed Whey Market has been categorized on the basis of geography to offer a proper understanding of the market. North America Condensed Whey market has been divided into the United States, Canada, Mexico and the Rest of North America. In 2018, North America dominated the condensed whey market, accounting for more than 45% of total participation. Strong demand for simple, sweet and sour whey products should drive regional growth in the coming years. The USA Dairy Company and Optimum Nutrition (ON) are the leading manufacturers in the US in the utility of condensed forms of serum.

Detailed Segmentation Analysis:

 

By Product

  • Plain
  • Sweetened
  • Acid

By Application

  • Food and Beverage
  • Dairy Products
  • Bakery Products & Confectionery
  • Sauces, Soups, and Dressings
  • Jams and Jellies
  • Meat Products
  • Animal Feed
  • Others

North America Condensed Whey Market Key Market Players:

  1. Leprino Foods Company Inc
  2. Foremost Farms USA Cooperative, Inc
  3. Dairy Farmers of America, Inc
  4. Associated Milk Producers Inc
  5. Agri-Mark Inc
  6. Berkshire Dairy and Food Products
  7. Agropur Inc
  8. Chicago Dairy Corporation
  9. Saputo Inc
  10. Fonterra Co-operative Group Limited

1. Introduction                                 

                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                                           

                2.1 Introduction                               

                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. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

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 Product                        

                                5.1.1 Introduction           

                                5.1.2 Plain           

                                5.1.3 Sweetened             

                                5.1.4 Acid            

                                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 Application                 

                                5.2.1 Introduction           

                                5.2.2 Food and Beverage             

                                                5.2.2.1 Dairy Products

                                                5.2.2.2 Bakery Products & Confectionery

                                                5.2.2.3 Sauces, Soups and Dressings

                                                5.2.2.4 Jams and Jellies

                                                5.2.2.5 Meat Products

                                5.2.3 Animal Feed           

                                5.2.4 Others      

                                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 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                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.                               

                                8.1.1 Overview 

                                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                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of By Product, By Application, and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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