Protein Supplements Market Size, Share, Growth Report 2030

Protein Supplements Market Size

The global Protein Supplements Market accrued earnings worth approximately 18.97 (USD Billion) in 2020 and is predicted to gain revenue of about 34.67 (USD Billion) by 2028, is set to record a CAGR of nearly 8.5% over the period from 2021 to 2028. The report offers assessment and analysis of the Protein Supplements Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Protein Supplements Market: Overview

Protein is key ingredient in human diet as it assists in enhancing growth in infancy, aids muscle & bone metabolism, and assures proper maintenance & growth of normal nervous system. Furthermore, a large proportion of population depends on protein supplements for meal replacement, reduction of weight, and other health benefits.

Additionally, protein supplements are consumed regularly by athletes, elder persons, and adults for improving muscle strength, functions, and physical performance. Apart from this, growing popularity of protein supplements is favorably impacted by its beneficial features such as rise in muscle mass, huge fat loss, enhanced performance, and improvement in recovery markers due to intake of protein supplements.

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Protein Supplements Market: Growth Drivers

Growth of protein supplements market over forecast timespan is subject to growing acceptance of healthy as well as active lifestyle. In addition to this, growing propensity to consume proteins among youth, mainly millennial population, will drive market trends. Apart from this, growing preference for balanced food and priority for healthy diet will embellish growth of protein supplements industry over ensuing years.

Apparently, growing awareness among millennial about health & fitness has resulted into huge intake of dietary supplement, thereby steering growth of protein supplements market over forthcoming years. Reportedly, growing need for preventing & managing sarcopenia and under-nutrition issues among aging population will create new growth avenues for protein supplements industry over estimated timeframe.

Report Scope:

Furthermore, rise in demand for dietary supplements will proliferate size of protein supplements market over forthcoming years. Additionally, need for more protein proportion in elderly population for reducing mortality among undernourished & sarcopenic geriatric population will steer market value.  However, increase in intake of protein supplements can result in renal effects on elder population, bone effects, and post-prandial hypotension. This can truncate growth of protein supplements market in near future.

Protein Supplements Market: Regional Landscape

North America To Dominate Market Growth Over 2021-2028

Expansion of protein supplements market in North America over assessment period is subject to rise in health-conscious population in the countries such as Canada and the U.S. In addition to this, rise in sports events along with surge in participation in these physical activities will promulgate scope of protein supplements industry in North America. Increase in number of gyms and fitness centers in countries of sub-continent will spur protein supplements market size in forecasting timeline. Thriving sports nutrition sector in region and huge presence of giant industry players in sub-continent will proliferate regional market growth. Huge consumer focus on preventive healthcare and quick shift in food consumption patterns will help in generating of new growth avenues for protein supplements market in North America.

Protein Supplements Market: Competitive Landscape

Key players leveraging market scope and included in report are Amway Corporation, GlaxoSmithKline (GSK), ABH Pharma Inc., Glanbia Group, Abbott Laboratories, Vitaco Health Limited, GNC Holdings, Inc., Herbalife International of America, Inc., Makers Nutrition, and Suppleform.

The global Protein Supplements Market is segmented as follows:

By Distribution Channel

• Supermarkets &  Hypermarkets
• Online Stores
• Drug Stores

By Product

• Ready To Drink
• Ready To Eat

By Source

• ANIMAL
• Plant

By Raw Material

• Casein Protein Supplements
• Whey Protein Supplements
• Egg Protein Supplements
• MPC Protein Supplements
• Soy Protein Supplements

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa