Canada Whey Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Canada Whey Protein Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Canadian whey protein market is expected to register a CAGR of 4.7% during the forecast period (2020 - 2025).

Key Highlights

• North America is the second-largest market for whey protein after Europe, in terms of exports and imports. The whey protein market in the region is highly matured and witnessing growth. Canada is the second-largest market after the United States.
• Canada is an emerging market for Whey proteins. With increasing dairy sector in the region, it stood as one of the top importers of Whey protein in 2017.

Key Market TrendsGrowing Demand for Whey Protein As Weight-Loss Supplement

Canada is considered, along with the United States, to have the highest obesity rates in the world. In order to counter the issue, people are exploring ways out to stay fit and opt for healthy lifestyles. Proteins are the most preferred form of supplement consumed for the purpose of weight-loss and sports nourishment. Protein supplements are widely available in the form of whey powders in the country, and there has been a significant share of the population who are opting for whey protein to meet their daily protein requirements to meet their fitness goals.

Growing Demand for Performance Nutrition and Beverages

The growing demand from the sports industry led to a significant growth of the whey protein market. At the same time, food-processing industries are using whey protein for the manufacturing of health drinks. Exercise is becoming an essential part of the day-to-day life among people, for which the demand for energy drink is growing. This is likely to lead to an increment in the whey protein market. Whey protein can help those who aim to reduce the appetite and add muscle mass in the body, by helping repair the muscle cells after exercise and stimulate the muscle to grow, optimally. Whey protein, with its high-protein quality-score and a high percentage of BCAAs (branched-chain amino acids), has long been popular in the exercise and fitness industry, as a muscle-building supplement.

Competitive Landscape

The product portfolios of major players, research and development, strategic initiatives, and commitment toward meeting consumer demands, play a major role in the growth of the market. Some of the major market players in the Canadian whey protein market include Agropur MSI LLC, Davisco foods international Inc., American Dairy Producers Institute, Arla Foods, and FrieslandCampina Ingredients, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.