Protein Supplements Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Protein Supplements Market By Source (Animal, Plant), By Application (Sports Nutrition, Functional Food), By Raw Materials (Casein, Egg Protein, Soy Protein, Whey Protein, Others), By Product Form (Protein Powders, RTD, Protein Bars, Others) By Distribution Channel (Supermarket, Nutrition Store, Online Stores, Others), and Geography (North America, Latin America, Europe, Middle East and Africa, Asia Pacific)

 

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Report

Description

The protein supplements market size was valued at USD 17.84 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2027. Protein supplements are flavored dietary supplements added to diet in the absence of food consumption. Proteins are fundamental components of all living organisms. These are essential for proper functioning, growth and repair of the tissue of the living organism. Increase in health consciousness among the people, surge in fitness centers is expected to drive the Protein Supplements Market. The soaring obesity rates are indicating the demand for protein supplements. The industry is gaining traction as a result of rising health awareness and an increase in the number of fitness facilities around the world. Over the forecast period, rising product popularity among millennials, combined with their desire to improve their health through a well-balanced diet, is likely to drive up demand for protein supplements. Because of changing lifestyles, people are becoming more reliant on supplements to meet their daily nutritional needs, which is likely to drive product demand even higher. North America, led by the United States, was the largest regional market in 2020. Proteins derived from animal sources are becoming more expensive, prompting producers to seek out cheaper alternatives. Plant-based sources, including as soy, canola, rice, wheat, and pea, are, on the other hand, becoming more popular as supplements. Various companies are exploring new prospects by valorizing components to improve the nutritional value of their products or creating new applications for vicelin, globulins, prolamins, and albumins, among other proteins.

Protein Supplements Market

MARKET SUMMARY
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8.6% CAGR
  • Study Period– 2021-2027
  • Base Year– 2020
  • CAGR– 8.6%
  • Largest Market– North America
  • Fastest Growing Market– Asia Pacific

Protein Supplements Market

  • The report on global Protein Supplements Market gives historical, current, and future market sizes (US$ Bn) on the basis of source, application, raw material, product form, distribution channel and geography.
  • Protein Supplements Market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Herbalife International of America, Inc. (U.S)
  • Suppleform, and Vitaco Health (New Zealand)
  • Abbott Laboratories (U.S)
  • Glanbia Group (Ireland)
  • GlaxoSmithKline (GSK) (UK)
Dynamics

Protein Supplements Market

The increasing awareness among the people regarding the benefits of protein supplements is expected to enhance the growth of the market. The growing adoption of the protein-rich diet as a part of the weight reduction is attributing towards the growth of the market. However, the high raw material prices, presence of alternative substituents at lower cost are expected to hamper the growth of the market.


North-America got significant share

Protein Supplements Market

Geographically, global protein supplements market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North Americaprotein supplements market is expected to dominate the global protein supplements market owing to increased R&D for new flavors and entry of new players in the market. Europe protein supplements market is expected to expand at significant growth rate due to its growing demand for the protein supplements and rising trend towards preventive healthcare. The Asia Pacific protein supplements market is expected to expand at unprecedented growth rate due to increased youth population coupled with surge in awareness regarding the protein supplements.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2015-2020) and forecast (2021-2027)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework and reimbursement scenari0

Protein Supplements Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Herbalife International of America, Inc. (U.S)
  • Suppleform, and Vitaco Health (New Zealand)
  • Abbott Laboratories (U.S)
  • Glanbia Group (Ireland)
  • GlaxoSmithKline (GSK) (UK)
  • GNC Holdings (U.S)
  • Makers Nutrition (U.S)

Description

The protein supplements market size was valued at USD 17.84 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2027. Protein supplements are flavored dietary supplements added to diet in the absence of food consumption. Proteins are fundamental components of all living organisms. These are essential for proper functioning, growth and repair of the tissue of the living organism. Increase in health consciousness among the people, surge in fitness centers is expected to drive the Protein Supplements Market. The soaring obesity rates are indicating the demand for protein supplements. The industry is gaining traction as a result of rising health awareness and an increase in the number of fitness facilities around the world. Over the forecast period, rising product popularity among millennials, combined with their desire to improve their health through a well-balanced diet, is likely to drive up demand for protein supplements. Because of changing lifestyles, people are becoming more reliant on supplements to meet their daily nutritional needs, which is likely to drive product demand even higher. North America, led by the United States, was the largest regional market in 2020. Proteins derived from animal sources are becoming more expensive, prompting producers to seek out cheaper alternatives. Plant-based sources, including as soy, canola, rice, wheat, and pea, are, on the other hand, becoming more popular as supplements. Various companies are exploring new prospects by valorizing components to improve the nutritional value of their products or creating new applications for vicelin, globulins, prolamins, and albumins, among other proteins.

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