Global Protein Supplement Market expected to record a CAGR of ~7% during the forecast period (2017-2028): Ken Research
What Is The Size Of Global Protein Supplement Industry?
Global Protein Supplement market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 30 Bn by 2028.
The Protein Supplement Market is largely driven by changing lifestyles, there will be an increased reliance on supplements to meet daily nutritional needs, which will increase the demand for protein supplements.
Youth’s demand for protein supplements is rising, especially among athletes because they offer several advantages like decreasing cholesterol, developing muscle, boosting strength, preventing cancer, boosting immunity, and lowering blood pressure.
Due to growing health consciousness among consumers worldwide during the past few years, consumption of a diet high in protein content has increased dramatically.
The market for protein supplements is expected to experience some growth restraints due to the prevalence of less expensive alternatives and various detrimental effects of protein enhancement. Additionally, during the forecast period, negative claims and publicity may pose a threat to the market’s expansion.
In response to the COVID-19 pandemic, customer preferences for nutritional supplements to promote immunity are predicted to increase due to these products’ strong efficiency against viral infections and acute respiratory tract disorders, which is expected to drive market demand.
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Global Protein Supplement Market By Source
The Global Protein Supplement market is segmented by Source into Animal-based and Plant-based. Animal-based segment held the largest market share in 2022, due to convincing scientific proof of the health advantages they provide. For instance, whey proteins improve nutritional status, immunity, and aid cancer patients receiving chemotherapy by raising glutathione (GSH) levels.
The category includes casein, whey, egg, chicken, beef, dairy, and meat proteins. Animal proteins are typically thought to be complete proteins since they include all of the required amino acids.
Global Protein Supplement Market By Product
The Global Protein Supplement market is segmented by Product into Protein Powder, Protein Bars, Ready to Drink (RTD) and Others.
The protein powder segment held the largest market share in 2022. The demand for nutritious food products has increased as a result of changing lifestyles, growing urbanization, and changed dietary choices of consumers, and is likely to drive the market growth of protein powder.
Whey, casein, soy, pea, and egg proteins are just a few of the sources used in the production of the powders. Protein powders are packed with vital micronutrients, including vitamins, minerals, grains, fibers, extra fats, and/or thickeners, as well as greens (like dried veggies).
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Global Protein Supplement Market By Application
The Global Protein Supplement market is segmented by Application into Sports Nutrition and Functional Food.
Sports nutrition segment held the largest market share in 2022, owing to their widespread use as nutritional supplements by athletes, sportspeople, and bodybuilders.
Rising demand for nutritional supplements for athletes to support lean muscle growth, enhance performance, help with weight loss, and increase stamina is anticipated to fuel the expansion of the sports nutrition market over the coming years.
The rise in the number of people participating in sports and other physical activities to combat obesity is probably going to boost market expansion.
Global Protein Supplement Market By Distribution Channel
The Global Protein Supplement market is segmented by Distribution Channel into Supermarkets and Hypermarkets, Online Stores, Specialty Store and Others.
Supermarket & hypermarket segment held the largest market share in 2022 since it is convenient to shop and a variety of brands are available.
Supermarkets and hypermarkets provide a vast range of products at lower costs. The expansion of supermarkets and hypermarkets in both developing and developed nations as a result of rising consumer demand is anticipated to boost product sales. To encourage the sale of protein goods, major USA retailers like Walmart are entering this market and investing in private label variations.
Key Topics Covered in the Report
- Snapshot of the Global Protein Supplement Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Protein Supplement Market
- Historic Growth of the Overall Global Protein Supplement Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Protein Supplement Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- COVID-19 Impact on the Overall Global Protein Supplement Market
- Future Market Forecast and Growth Rates of the Total Global Protein Supplement Market and by Segments
- Market Size of Application Segments with Historical CAGR and Future Forecasts
- Analysis of Global Protein Supplements in Major Regions
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Major Region
Major Players Mentioned in the Report
- Glanbia PLC
- Abbott.
- NOW® Foods
- MusclePharm.
- QuestNutrition
- CytoSport, Inc.
- Lovate Health Sciences International Inc.
- The Bountiful Company
- AMCO Proteins
- Transparent Labs
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Notable Emerging Companies Mentioned in the Report
- Woodbolt Distribution Llc
- Dymatize Enterprises Llc
- RSP Nutrition
- BPI Sports
- The Hut.com Limited and MSM Retail Pvt Ltd.
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report
- Protein Supplement Companies
- R&D Institutes for Protein Supplement Development
- Protein Supplement Manufacturers
- Protein Supplement Suppliers
- Protein Supplement Raw Material Provider
- Investment Banks Targeting Supplement Market
- Caffeine Producers
- Food Safety Authorities
- F&B Marketing and Advertising Agencies
- Dietary Supplement Manufacturers
- F&B Research Institutes
- Entrepreneurs in Food Industry
- Potential Entrants into Food Industry
- Government Departments for Food Standards
- Government Ministries and Departments for Food Industry
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