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Global Protein Supplements Market

March 22, 2019

Global Protein Supplements Market, By Product Type (Protein Powder, Protein Bars, Ready to Drink, and Others), By Source (Plant Based (Soy, Pumpkin Seed, Spirulina, Hemp, Rice, Pea, and Others) and Animal Based (Whey, Casein, Egg, Fish, and Others), By Form (Powder, Liquid, Bars, and Others), By Distribution Channel (Hypermarket/Supermarket, Online Stores, Direct to Customers, and Others), By Application (Sports Nutrition and Functional Food), Region (North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa), Global Forecast, 2020-2025.

Report Code :FMR435      
Pages :211 Pages
Format :   PPT Format   PDF Format

The global protein supplements market was valued at US$ xx million in the year 2019. This market is estimated to be valued at US$ xx million in the year 2020 and is expected to reach US$ xx million by the year 2025, with an estimated CAGR of xx% during the forecast period (2020-2025). Protein supplements are products comprised of additional nutritional value to the diet. Protein supplements enhance body metabolism and provide physical fitness and performance. The rise in awareness of increasing diseases due to the deficiency of protein and an increase in an on-the-go meal has thrived the growth of the protein supplements market during the forecast period.

Table 1. Global PROTEIN Supplements Market Synopsis

Parameters

Description

Market Value (US$ Mn) for the Period

2018-2025

Base Year

2019

Forecast Period

2020-2025

Market Segmentation (By Product Type)

Protein Powder, Protein Bars, Ready to Drink, and Others

Market Segmentation (By Source)

Plant Based (Soy, Pumpkin Seed, Spirulina, Hemp, Rice, Pea, and Others) and Animal Based (Whey, Casein, Egg, Fish, and Others)

Market Segmentation (By Form)

Powder, Liquid, Bars, and Others

Market Segmentation (By Distribution Channel)

Hypermarket/Supermarket, Online Stores, Direct to Customers, and Others

Market Segmentation (By Application)

Sports Nutrition and Functional Food

Regions Covered

North America, Latin America, Europe, Asia-Pacific, and Middle East and Africa

Key Players Coverage

Vitaco Health Limited, Glanbia Plc., Abbott Laboratories, Herbalife International of America, ABH Pharma Inc., Supple form, Amway Corporation, Maker Nutrition LLC, General Nutrition Corporation, GlaxoSmithKline Plc., The Nature’s Bounty Company, GNC Holdings Inc., Garden of Life, and Living Essentials Marketing, among Others

Key Insights

  • Latest Updates
  • Analyst Views
  • Future Outlook of the Market

Market Dynamics

The rising preference of the consumers for plant-based diets is due to a significant population turning vegetarian or flexitarian and vegan, which is anticipated to foster the protein supplement market growth over the forecast period.

For instance, in May 2020, according to The Good Food Institute (GFI), a staggering of USD741 Mn was invested in plant-based protein, due to the rising demand for plant-based protein supplements.

Factors, like cardiovascular risk, body composition, overweight, and others, are expected to increase the demand for protein supplements market owing to the health benefits and weight reduction. For instance, in March 2017, as per the systematic review and meta-analysis, whey protein supplement provides numerous health benefits in body composition and physical fitness and helps to reduce the weight and cardiovascular risk in the population.

However, the over intake of the protein supplements due to flavors, like chocolate and vanilla, results in various side-effects, which is expected to restrain the protein supplement market growth to some extent over the forecast period.

Figure 1. PORTER’S Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

North America has been envisaged to witness the lucrative growth opportunity in the protein supplements market owing to the geriatric population and the stigma in the people to stay fit and healthy. Most of the population of the region is geriatric, and it is essential for them to consume a healthy diet with supplements to boost the immune system. For instance, in July 2017, Canadian doctors manufactured a protein powder specifically for the health benefits of seniors, who are 40+ age to make their weak bones and muscle mass strong.

Moreover, the Asia-Pacific region is also anticipated to possess immense potential growth opportunity in terms of the protein supplements market owing to the rise in chronic disease and COVID-19. The Food Institute is providing protein supplements to COVID-19 patients to increase their immunity power. For instance, in April 2020, The Central Food Technological Research Institute supplied protein-based biscuits to COVID-19 patients in the All India Institute of Medical Science.

Figure 2. Regional Analysis

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

Competitive Landscape

Key players in the global protein supplements market include Vitaco Health Limited, Glanbia Plc., Abbott Laboratories, Herbalife International of America, ABH Pharma Inc., Suppleform, Amway Corporation, Maker Nutrition LLC, General Nutrition Corporation, GlaxoSmithKline Plc., The Nature’s Bounty Company, GNC Holdings Inc., Garden of Life, and Living Essentials Marketing, among others.

The protein supplements players have followed various strategies of product development, collaboration, and acquisition to strengthen their position in the market. For instance, in October 2019, the Nestle bought Garden of Life brand into the ready-to-drinks market, such as Sport Protein Drink and Organic Protein Plant-Based Drink.

Figure 3. Market Share of Key Players, 2019

 

Note: The above figure is shown for illustrative purposes only, the actual data may vary and will be incorporated in the report.

By Product Type

  •  Protein Powder Protein Bars
  • Ready to Drink
  • Others

By Source

  • Plant Based
  • Soy
  • Pumpkin Seed
  • Hemp
  • Spirulina
  • Rice
  • Pea
  • Others
  • Animal Based
  • Whey
  • Casein
  • Egg
  • Fish
  • Others

By Form

  • Powder
  • Liquid
  • Bars
  • Others

By Distribution Channel

  • Hypermarkets/Supermarkets
  • Online Stores
  • Direct to Customers
  • Others

By Application

  • Sports Nutrition
  • Functional Food

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa
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Note:This report provides an in-depth analysis of the global protein supplements market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2025), considering 2019, as the base year.

  • What are the trends adopted by key players in the global protein supplements market?
  • What key factors are expected to increase the demand for the protein supplements market during the forecast period 2020-2025?
  • What are the major challenges inhibiting the growth of the global protein supplements market?
  • What was the total market value (US$ Mn) generated in global protein supplements market by product type in 2019, and what are the forecasts by 2025?
  • Which source is expected to dominate the protein supplements market in the coming years?
  • Which form is expected to propel the protein supplements market in the foreseen future?
  • Which application contribute the highest CAGR (%) in the protein supplements market?
  • Which distribution channel is expected to foster the protein supplements market growth?
  • What was the total revenue generated by the global protein supplements market across different regions (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) in 2019, along with CAGR (%) for the period (2020-2025)?
  • Who are the key players contributing to the growth of the global protein supplements market, and what are the new strategies adopted by them to retain a market share in the industry?
  • What is the competitive strength of the key players in the protein supplements market?
  • What are the major outcomes derived from Porter’s five forces?
  • What new products are going to be approved or launched in the coming years, which may have a huge impact on the market?
  • What insights are derived through the analysis of key players on the following parameters: company overview, financial performance, product portfolio, geographical presence, key highlights, and strategies?

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