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The whey protein ingredients market in Latin America has been projected to depict growth in terms of revenue and volume and expand with a revenue CAGR of 9.77% and a volume CAGR of 3.95% during the forecast years 20192027, according to a report by Triton Market Research.
Brazil, Mexico and countries in rest of Latin America together form the market for whey protein ingredients in the Latin American region.
Rest of Latin America region includes countries like Peru, Chile, Argentina, Columbia and others. The demand for healthy food products in Chile has been growing due to increase in health awareness and rise in people's income. Products from the US are considered to be high in quality, unique, reliable and safe, and consumers have been increasingly turning towards gourmet differentiated products, providing opportunities for USbased exporters. The food processing industry in Peru is a robust sector of the nation's economy. It accounted for around 22% of the industrial GDP and the sales reached $7.8 billion in the year 2018. This growth of this industry is directly linked to the advancement of the food service and food retail sectors. Manufacturers of food products source both domestic as well as imported product ingredients. Locallyprocessed food products account for 70% of the market demand. This helps the market to grow in the country.
Few of the prime players in the whey protein ingredients market are Agropur MSI, LLC, American Dairy Products Institute, Leprino Foods, Co., MEGGLE Group, Milk Specialties, Warrnambool Cheese and Butter Factory, Westland Milk Products and Saputo Ingredients.NEXT ARTICLE
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