Global Protein Supplements Market, By Type (Whey Protein, Soy Protein, Casein Protein, Egg Protein, Pea Protein, Others), Source (Plant-Based, Animal-Based), Form (Ready to Drink, Protein Powder, Protein Bar, Others), Gender (Male, Female), Age Group (Millennials, Geneartion X, Baby Boomers), Application (Sports Nutrition, Functional Food), Distribution Channel (Supermarkets and Hypermarkets, Drug Stores, Online, Convenience Stores, Specialist Sport Store, Health and Nutritionist Stores, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Protein supplements market is expected to grow at a compound annual rate of 6.55% in the forecast period 2021 to 2028. The increasing functional advantages counting energy boost, muscle repair and weight loss is the factor for the protein supplements market in the forecast period of 2021 to 2028.
Protein supplements are a kind of nutritional and bodybuilding supplement which is used largely by bodybuilders and sports athletes to increase their diet and increase their consumption of protein devoid of increasing their consumption of accompanying carbohydrates and fats. These supplements consist of higher amounts of proteins in comparison to various other protein sources, when consumed directly.
The major growing factor towards protein supplements market is rapidly changing lifestyle as well as rising popularity of whey as sports nutrition for athletes and bodybuilders. The prime factor driving the demand for protein supplements is the growing popularity among millennials along with the rapid development of innovative protein-based supplements in different forms, associated with various health benefits of the product are also heightening the overall demand for protein supplements market over the forecast period of 2021 to 2028. Moreover, the rising importance of active lifestyle along with growing awareness regarding the health benefits of protein also serves as a foremost driver for increasing the demand for protein supplements market at a global level. In addition, the hectic lifestyle and increasing health consciousness is also lifting the growth of the protein supplements market.
However, the easy availability of cheaper alternatives and various negative effects of protein enhancement are projected to act as a restraint towards the growth of protein supplements market, whereas the negative claims and publicity have the potential to challenge the growth of the market in the above mentioned forecast period.
Moreover, the increasing demand for easy and readily available supplementation as well as the rising number of internet users associated with ease of access and convenience will further generate new opportunities for the protein supplements market in the forecast period of 2021 to 2028.
This protein supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on protein supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Protein Supplements Market Scope and Market Size
Protein supplements market is segmented on the basis of type, source, form, gender, age group, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the protein supplements market has been segmented into whey protein, soy protein, casein protein, egg protein, pea protein and others.
- Based on source, the protein supplements market has been segmented into plant-based and animal-based. Plant-based is further segmented into soy, spirulina, pumpkin seed, hemp, rice, pea and others. Animal-based is further segmented into whey, casein, egg, fish and others.
- On the basis of form, the protein supplements market has been segmented into ready to drink, protein powder, protein bar and others.
- On the basis of gender, the protein supplements market has been segmented into male and female.
- Based on age group, the protein supplements market has been segmented into millennials, generation x and baby boomers.
- Protein supplements market has also been segmented into on the basis of application into sports nutrition and functional food.
- The distribution channel of the protein supplements market has been segmented into supermarkets and hypermarkets, drug stores, online, convenience stores, specialist sport store, health and nutritionist stores and others.
Protein Supplements Market Country Level Analysis
Protein supplements market is analyses and market size, volume information is provided by country, type, source, form, gender, age group, application and distribution channel as referenced above.
The countries covered in the protein supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America leads the protein supplements market due to the increasing sports nutrition industry and strong presence of a large number of manufacturers in this particular region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rising focus of the consumers' on preventive healthcare, rapidly shifting consumption patterns and westernization of diet within this particular region.
The country section of the protein supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Protein Supplements Market Share Analysis
Protein supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to protein supplements market.
The major players covered in the protein supplements market report are Abbott, General Nutrition Centers, Inc., Glanbia plc, Amway India Enterprises Pvt. Ltd., MusclePharm, Vitaco, GlaxoSmithKline plc, Unilever, POST HOLDINGS, INC., Makers Nutrition, LLC, Herbalife International of America, Inc., NOW Foods, Nu Skin Enterprises Inc., Shaklee Corporation, USANA Health Sciences, Inc., Suppleform, Garden of Life, Melaleuca Inc., PepsiCo, AMCO Proteins, and QuestNutrition among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Protein Supplements Market
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