Protein Supplements Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the Protein Supplements Market by region.
Global Protein Supplements Market is valued at approximately USD 6.26 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 8.0% over the forecast period 2022-2029.
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Protein supplements are a form of nutritional and bodybuilding supplement that is used by bodybuilders and sports athletes to supplement their diets and enhance their protein intake without increasing their carbohydrate and fat intake. The growing consumer awareness concerning health & nutrition to usher innovation, increasing disposable income, coupled with increasing popularity of protein supplements among the millennials are some prominent factors that are fueling the market demand across the globe.
The surging demand for sports nutrition & supplements is acting as a key driving factor for market growth. Sports nutrition encompasses consuming nutrients such proteins, vitamins, supplements, fats, carbs, minerals, and organic compounds. Sports nutritional products, such as sports drinks, sports supplements, and sports foods, are promoted toward bodybuilders and strength & endurance athletes to boost their overall performance, stamina, and health. According to Statista, in 2021, the global market for sports nutrition & supplement is estimated to be worth around USD 44.43 billion, which is anticipated to constantly grow and reach USD 85.7 billion by the year 2030. Hence, these factors are exhibiting a positive influence on the growth of the market. Furthermore, an increasing number of health-conscious consumers and fitness centers, as well as rising government initiatives are creating various growth prospects for the market over the forecasting years. However, the volatility in the prices of raw materials is a major cause of the high cost of production, which is restraining the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Protein Supplements Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the rising consumer awareness regarding health and wellness and the rise in demand for protein products. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as changing consumer lifestyles, rising focus on a healthy lifestyle, as well as the higher disposable income in the regional market.
Major market players included in this report are:
Glanbia, Plc
MusclePharm Corporation
Abbott Laboratories
CytoSport, Inc.
Iovate Health Sciences International Inc.
The Bountiful Company
Woodbolt Distribution LLC
Dymatize Enterprises LLC
BPI Sports LLC
International Dehydrated Foods, Inc.
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Recent Developments in the Market:
In 2021, Carbery introduced Optipep 4Power- a new hydrolyzed Protein Isolates (WPH) that is specially designed for high-intensity interval training (HIIT).
In 2018, Glanbia Nutritionals expanded the company’s protein powder capabilities with the launch of BevEdge Protein Isolates A-220W, a pre-acidified Protein Isolates isolate, which facilitates the creation of berry and citrus-flavored protein drink mixes.
Global Protein Supplements Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Source, Product, Application, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Source:
Animal-based
Plant-Based
By Product:
Protein Powder
Protein Bars
Ready to Drink
Others
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By Application:
Sports Nutrition
Functional Food
By Distribution Channel:
Supermarkets & Hypermarkets
Online Stores
Direct to Customers (DTC)
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Scope of the Report:
The scope of this report encompasses a comprehensive analysis of the market growth expected to occur from 2023 to 2030. Through meticulous research, we have organized data pertaining to the evolving market structures that exert influence on industries, markets, technologies, and capabilities. Our report presents a thorough examination of relevant statistics, opportunities, challenges, drivers, restraints, limits, market size, share, and trends. By delivering valuable insights, we aim to provide a comprehensive understanding of the market landscape.
Our Protein Supplements Market Report is divided into several chapters to provide readers with a comprehensive understanding of the market.
Chapter 1 includes the scope of the report, research methodology, and other relevant information regarding the report’s contents.
Chapter 2 provides an executive summary, including the global Protein Supplements market size, sales and revenue, and compound annual growth rate (CAGR). It also includes the Protein Supplements market size by region, type, and application, historical data from 2018 to 2023, and a forecast until 2030.
Chapter 3 focuses on Protein Supplements market sales, revenue, average price, global market share, and industry ranking by company from 2018 to 2023.
Chapter 4 presents global Protein Supplements Market sales and revenue by region and country. It provides country-specific data and market value analysis for regions including the U.S., Canada, Europe, China, Japan, South Korea, Southeast Asia, India, Latin America, and the Middle East and Africa.
Chapters 5 through 8 delve deeper into the market, focusing on sales segments by country and type for each region including the Americas, APAC, Europe, and the Middle East and Africa.
Chapter 9 analyzes current market trends, market forecasts, opportunities, and economic trends that may affect the future of the marketplace.
Chapter 10 examines the manufacturing cost structure analysis of the market.
Chapter 11 explores sales channels, distributors, and customers.
Chapter 12 presents a world forecast review for geographic regions.
Chapter 13 analyzes key players in the market.
Chapter 14 provides research findings and a conclusion.
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