Protein Supplements Market - Global Industry Analysis

Protein Supplements Market- By Distribution Channel (Supermarkets & Hypermarkets, Online Stores, and Drug Stores), By Product (Ready To Drink And Ready To Eat), By Source (ANIMAL And Plant), And By Raw Material (Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, and Soy Protein Supplements): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021–2028

Published Date: 07-Dec-2021 Category: Food & Beverage Report Format : PDF Pages: 178 Report Code: ZMR-3278 Status : Published

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.

Description

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.

Global Protein Supplements Market

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:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

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.

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.

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

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodulogy
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodulogy
  • Chapter 2. Executive Summary
    • 2.1. Protein Supplements Market, 2018–2028(USD Billion)
    • 2.2. Protein Supplements Market: Snapshot
  • Chapter 3. Global Protein Supplements Market– Industry Analysis
    • 3.1. Protein Supplements Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Expansion of protein supplements market over forecasting timeframe is subject to surging acceptance of healthy as well as active lifestyle by people.
      • 3.2.2. Rise in propensity to consume proteins among young population, mainly millennial ones, will boost market trends.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Distribution Channel
      • 3.4.2. Market attractiveness analysis By Product
      • 3.4.3. Market attractiveness analysis By Raw Material
      • 3.4.4. Market attractiveness analysis By Source
  • Chapter 4. Global Protein Supplements Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Protein Supplements Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Product launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Protein Supplements Market– Distribution Channel Analysis
    • 5.1. Global Protein Supplements Market overview: By Distribution Channel
      • 5.1.1. Global Protein Supplements Market share, By Distribution Channel, 2020 and 2028
    • 5.2. Supermarkets & Hypermarkets
      • 5.2.1. Global Protein Supplements Market by Supermarkets & Hypermarkets, 2018–2028(USD Billion)
    • 5.3. Online Stores
      • 5.3.1. Global Protein Supplements Market by Online Stores, 2018–2028(USD Billion)
    • 5.4. Drug Stores
      • 5.4.1. Global Protein Supplements Market by Drug Stores, 2018–2028(USD Billion)
  • Chapter 6. Global Protein Supplements Market overview: By Product
    • 6.1. Global Protein Supplements Market share, By Product , 2020 and 2028
    • 6.2. Ready To Drink
      • 6.2.1. Global Protein Supplements Market by Ready To Drink, 2018–2028(USD Billion)
    • 6.3. Ready To Eat
      • 6.3.1. Global Protein Supplements Market by Ready To Eat, 2018–2028(USD Billion)
  • Chapter 7. Global Protein Supplements Market overview: By Source
    • 7.1. Global Protein Supplements Market share, By Source , 2020 and 2028
    • 7.2. ANIMAL
      • 7.2.1. Global Protein Supplements Market by ANIMAL , 2018–2028(USD Billion)
    • 7.3. Plant
      • 7.3.1. Global Protein Supplements Market by Plant, 2018–2028(USD Billion)
  • Chapter 8. Global Protein Supplements Market overview: By Raw Material
    • 8.1. Global Protein Supplements Market share, By Raw Material, 2020 and 2028
    • 8.2. Casein Protein Supplements
      • 8.2.1. Global Protein Supplements Market by Casein Protein Supplements, 2018–2028(USD Billion)
    • 8.3. Whey Protein Supplements
      • 8.3.1. Global Protein Supplements Market by Whey Protein Supplements, 2018–2028(USD Billion)
    • 8.4. Egg Protein Supplements
      • 8.4.1. Global Protein Supplements Market by Egg Protein Supplements, 2018–2028(USD Billion)
    • 8.5. MPC Protein Supplements
      • 8.5.1. Global Protein Supplements Market by MPC Protein Supplements, 2018–2028(USD Billion)
    • 8.6. Soy Protein Supplements
      • 8.6.1. Global Protein Supplements Market by Soy Protein Supplements, 2018–2028(USD Billion)
  • Chapter 9. Company Profiles
    • 9.1. Amway Corporation
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Product Portfulio
      • 9.1.4. Business Strategy
      • 9.1.5. Recent Developments
    • 9.2. GlaxoSmithKline (GSK)
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Product Portfulio
      • 9.2.4. Business Strategy
      • 9.2.5. Recent Developments
    • 9.3. ABH Pharma Inc.
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Product Portfulio
      • 9.3.4. Business Strategy
      • 9.3.5. Recent Development
    • 9.4. Glanbia Group
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Product Portfulio
      • 9.4.4. Business Strategy
      • 9.4.5. Recent Development
    • 9.5. Abbott Laboratories
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Product Portfulio
      • 9.5.4. Business Strategy
      • 9.5.5. Recent Development
    • 9.6. Vitaco Health Limited
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Product Portfulio
      • 9.6.4. Business Strategy
      • 9.6.5. Recent Development
    • 9.7. GNC Huldings, Inc.
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Product Portfulio
      • 9.7.4. Business Strategy
      • 9.7.5. Recent Development
    • 9.8. Herbalife International of America, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Product Portfulio
      • 9.8.4. Business Strategy
      • 9.8.5. Recent Development
    • 9.9. Makers Nutrition
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Product Portfulio
      • 9.9.4. Business Strategy
      • 9.9.5. Recent Development
    • 9.10. Suppleform
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Product Portfulio
      • 9.10.4. Business Strategy
      • 9.10.5. Recent Development

Table Of Figures

List of Figures

1. Market research Type
2. Market research methodology
3. Global  Protein Supplements Market, 2018–2028(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Protein Supplements Market attractiveness, By Product
6. Global Protein Supplements Market attractiveness, By Raw Material
7. Global Protein Supplements Market attractiveness, By Source
8. Global Protein Supplements Market attractiveness, By Distribution Channel
9. Global Protein Supplements Market share by Distribution Channel ,2020 and 2028 (USD Billion)
10. Global Protein Supplements Market by Supermarkets &  Hypermarkets, 2018–2028(USD Billion)
11. Global Protein Supplements Market by Online Stores, 2018–2028(USD Billion)
12. Global Protein Supplements Market by Drug Stores, 2018–2028(USD Billion)
13. Global Protein Supplements Market share by Product ,2020 and 2028 (USD Billion)
14. Global Protein Supplements Market by Ready To Drink, 2018–2028(USD Billion)
15. Global Protein Supplements Market by Ready To Eat, 2018–2028(USD Billion)
16. Global Protein Supplements Market share by Raw Material,2020 and 2028 (USD Billion)
17. Global Protein Supplements Market by Casein Protein Supplements, 2018–2028(USD Billion)
18. Global Protein Supplements Market by Whey Protein Supplements, 2018–2028(USD Billion)
19. Global Protein Supplements Market by Egg Protein Supplements, 2018–2028(USD Billion)
20. Global Protein Supplements Market by MPC Protein Supplements, 2018–2028(USD Billion)
21. Global Protein Supplements Market by Soy Protein Supplements, 2018–2028(USD Billion)
22. Global Protein Supplements Market share by Source ,2020 and 2028 (USD Billion)
23. Global Protein Supplements Market by ANIMAL , 2018–2028(USD Billion)
24. Global Protein Supplements Market by Plant,  2018–2028(USD Billion)
25. Global Protein Supplements Market share, by Region, 2020 and 2028
26. North America  Protein Supplements Market, 2018–2028(USD Billion)
27. Europe  Protein Supplements Market, 2018–2028(USD Billion)
28. Asia Pacific  Protein Supplements Market, 2018–2028(USD Billion)
29. Latin America  Protein Supplements Market, 2018–2028(USD Billion)
30. The Middle East and Africa  Protein Supplements Market, 2018–2028(USD Billion)
 


Table Of Tables

List of Tables

1. Global  Protein Supplements Market: snapshot
2. Drivers of the  Protein Supplements Market: impact analysis
3. North America Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
4. North America Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
5. North America Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
6. North America Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
7. The U.S. Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
8. The U.S. Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
9. The U.S. Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
10. The U.S. Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
11. Rest of North America Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
12. Rest of North America Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
13. Rest of North America Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
14. Rest of North America Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
15. Europe Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
16. Europe Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
17. Europe Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
18. Europe Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
19. UK Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
20. UK Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
21. UK Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
22. UK Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
23. France Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
24. France Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
25. France Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
26. France Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
27. Germany Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
28. Germany Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
29. Germany Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
30. Germany Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
31. Rest of Europe Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
32. Rest of Europe Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
33. Rest of Europe Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
34. Rest of Europe Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
35. Asia Pacific Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
36. Asia Pacific Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
37. Asia Pacific Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
38. Asia Pacific Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
39. China Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
40. China Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
41. China Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
42. China Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
43. Japan Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
44. Japan Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
45. Japan Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
46. Japan Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
47. India Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
48. India Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
49. India Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
50. India Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
51. Rest of Asia Pacific Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
52. Rest of Asia Pacific Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
53. Rest of Asia Pacific Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
54. Rest of Asia Pacific Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
55. Latin America Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
56. Latin America Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
57. Latin America Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
58. Latin America Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
59. Brazil Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
60. Brazil Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
61. Brazil Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
62. Brazil Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
63. Rest of Latin America Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
64. Rest of Latin  America Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
65. Rest of Latin America Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
66. Rest of Latin America Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
67. The Middle East and Africa Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
68. The Middle East and Africa Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
69. The Middle East and Africa Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
70. The Middle East and Africa Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
71. Saudi Arabia Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
72. Saudi Arabia Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
73. Saudi Arabia Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
74. Saudi Arabia Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
75. South Africa Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
76. South Africa Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
77. South Africa Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
78. South Africa Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)
79. Rest of the Middle East & Africa Protein Supplements Market revenue, By Distribution Channel  ,2018–2028(USD Billion)
80. Rest of the Middle East & Africa Protein Supplements Market revenue, By Product ,2018–2028(USD Billion)
81. Rest of the Middle East & Africa Protein Supplements Market revenue, By Raw Material,2018–2028(USD Billion)
82. Rest of the Middle East & Africa Protein Supplements Market revenue, By Source ,2018–2028(USD Billion)


 

Methodology

Free Analysis

Protein supplements are the convenient and concentrated source of animal or plant protein. Proteins are made up of amino acids from which the body produces new proteins to make new muscle cells, enzymes, hormones, and other substances in the body. They are available in three forms: bar, drinks, and powder. The human body needs protein for building muscles, maintaining and repairing different type of body tissue. Protein intake leads to an increase in energy and stamina. However, high protein intake can lead to calcium loss from the body.
 
There are two sources of protein: plant and animal. Animal sources of protein are meat, seafood, eggs, chicken, milk, and milk products such as yogurt, cheese, etc. Plant sources of protein are legumes, nuts & seeds, grain/cereals, and soy milk. The most common form of protein supplements is whey, soy, and casein protein. Athletes mostly use whey protein as it is a key player in building strength and power. 

Global Protein Supplements Market

Growing fitness centers and health clubs globally especially in developing economies are anticipated to boost the protein supplements demand during the forecast period. Growing urbanization and increasing penetration of protein supplement brands are anticipated to further fuel the protein supplements market growth. Increasing use of protein supplements by sportspersons and athletes is anticipated to boost the protein supplements market. Growing urbanization and increasing penetration of brands such as Amway, Oriflame, etc. due to chain marketing are anticipated to spurt the protein supplements market growth.  

On the basis of product type, the protein supplements market is segmented into ready to drink and ready to eat. Ready to drink segment is projected to dominate the product segment. On the basis of raw material, the protein supplements market is segmented into whey protein supplements, egg protein supplements, MPC protein supplements, casein protein supplements, and soy protein supplements. Soy protein segment is anticipated to be the most profitable segment of the global protein supplement market owing to the presence of low quantity fat, ease in digestibility, and cholesterol maintenance. Based on the source, the protein supplements market is segmented into animal and plant. On account of the distribution channel, protein supplements market is classified as supermarkets and hypermarkets, convenience stores, online stores, and drug stores. Online stores segment is anticipated to hold the maximum share in terms of revenue owing to increasing internet penetration globally. 

By geography, Asia Pacific is anticipated to show the fastest growth in the protein supplements market, in term of revenue. Emerging economies experiencing increasing population and growing fitness club & health centers are anticipated to increase the demand for protein supplements in the region. North America and Europe accounted for the largest market share in 2017. Developed nations in the region of North America and Europe are anticipated to show significant growth due to high demand for protein supplements by the geriatric population in the region. Increasing working women population and adoption of protein supplements as a part of weight reduction is anticipated to fuel the protein supplements market growth during the forecast period. Latin America is projected to show significant growth in protein supplements market owing to increasing trend of sport and sports supplements. The Middle East and Africa are likely to show moderate growth during the forecast period due to the growing demand for protein supplements by a young population and the growing attention towards health and fitness.

Some of the key players have been focusing on innovative product launches, research & development, nutritional advancement, maintaining the quality of the product in order to retain their dominance in the market. Some of the key players are Amway Corporation, Abbott Laboratories, Glanbia Group, Herbalife International of America, Inc., ABH Pharma Inc., GlaxoSmithKline (GSK), GNC Holdings, Makers Nutrition, Suppleform, Vitaco Health, and others. 

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FrequentlyAsked Questions

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.

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.        

According to Zion market research report, 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.

North America will contribute lucratively towards the global market earnings over the projected timeline. The regional market surge 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 culminate into generating of new growth avenues for protein supplements market in North America.

The key market participants include 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.

 

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