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Global Protein Powder Market Overview
"The Protein Powder Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective of providing a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in future.
Protein is an essential nutrient for the body. Protein are made up of amino acids, which are referred as building blocks of life because they serve so many important functions in the body. Protein powder are a highly processed food supplement.
They are refined and have a long, stable shelf life. There are different types of protein powder available in market with variety of flavors and sweeteners. Protein powder are used for weight loss, weigh gain, during pregnancy etc.
Benefits of protein powder are promoting muscles growth, lower blood pressure, may help in treatment of type 2 diabetes, reduce inflammation, enhance body antioxidant defense etc. There is a high demand of protein powder in the sports sector across the globe.
Key factor expected to drive growth of the global protein powder market is rising concern regarding health and growing consumer preference for healthy lifestyle are the key driver for global protein powder market. In addition, changing lifestyle, rise in awareness about the benefits of protein, rising disposable income, rising incidence and prevalence rate of diseases, increasing standard of living are the factors boosting the demand for global protein powder market.
Player of protein powder market are launching new product with different flavors such as rich chocolate, extreme chocolate milk, vanilla cream, cookies. The global market for protein powder is witnessing a trend of eco-logical designs and material capabilities for packaging. Bioplastics and bio degradable materials have emerged as preferred solution among protein powder manufacturers across the globe.
Geographically, the protein powder market has been segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market in North America is expected to dominate the global protein powder market, due to growing concern of individuals regards health in the region. In contrast, the market in Asia Pacific is expected to be an emerging market for protein powder and is expected to register highest CAGR in during the forecasted period, owing to rising urbanization, increasing per capita income level, and high spending on healthcare.
Global Protein Powder Market Segmentation:
Segmentation by source:
- Plant source protein
- Animal source protein
Segmentation by distribution channel:
- Retail stores
- Department store
- Super market
- Specialty store
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- ABH Pharma Inc.
- Glanbia Group
- Abbott Laboratories
- Amway Corporation
- GlaxoSmithKline plc
- Makers Laboratories Limited
- Herbalife International of America, Inc.
- Vitaco Health Limited
- Atlantic Multipower UK Limited
- Garden of Life LLC
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