Protein Supplements Market Overview:
“The Protein Supplements 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.”
The Protein Supplements Market report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2031.
The Protein Supplements Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global protein supplements market report has been segmented on the basis of product type, source, form, and distribution channel, and region.
Protein supplements are consumed in conjunction with a proper diet to increase protein intake. Some of the proteins are produced for specific purposes such as whey protein for faster release of protein and casein protein for a slower release of protein.
Protein supplements are different from amino acid supplements; as amino acid supplements are consumed in small doses for a specific purpose. Protein powders are manufactured from animal sources and plant sources.
The loss of muscle mass, strength, and function progressively occurs with aging, the condition known as sarcopenia. The decline in skeletal muscle mass and strength will create demand for dietary protein intake and muscle health.
Also, the growing aging population is expected to drive the growth of the protein supplements market over the forecast period.
Protein powder made from whey is the most popular sports nutrition supplement as it commences with the process known as muscle protein synthesis, hence gaining popularity of whey as sports nutrition for athletes and bodybuilders is expected to significantly boost the growth of the whey protein market.
Online stores are expected to be the largest distribution channel segment in the global protein supplement market. A growing number of internet users coupled with ease of access and convenience are the factors boosting the demand for protein powder in the online store segment.
Moreover, discounts & offers on products as a promotional strategy by the manufacturers are estimated to boost the online sales of protein supplements.
North America is expected to account for the major share of the market owing to the growing sports nutrition industry and the presence of a large number of manufacturers in the region. The rising population coupled with changing the lifestyle of people is expected to drive the market growth over the forecast period.
Growing brand awareness campaigns and marketing strategies by the manufacturers are expected to augment the market growth in the region. Growing demand for fitness supplements is expected to propel market growth in the region.
Market segmentation and key players operating in the global protein supplements market:
By product type:
- Casein Protein Supplement
- Whey Protein Supplement
- Soy Protein Supplement
- Pea Protein Supplement
- Animal Based
- Ready to drink
By distribution channel:
- Convenience stores
- 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
- Forever Living Inc.
- Glanbia plc
- USANA Health Sciences
- AMCO Proteins
- Abbot Laboratories
- IOVATE Health Sciences International Inc.
- JYM Supplement Science
- Atlantic Multipower UK Limited
- Dymatize Enterprises LLC
- MusclePharm Corporation
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