Market Introduction Protein Supplements Market is expected to register a CAGR of 7.5% and reach USD 24,004.8 Million by 2025. Protein Supplement are dietary supplements which provide energy and high protein content to the body. Protein supplements are produced by extraction of protein majorly form plants and animals. Based on the protein content and form, the protein supplement varieties are segregated. They contribute to a proper balanced diet and enhances the body metabolism. Protein supplements are vital nutraceutical products and are consumed mainly by the athletes and health conscious consumers to enhance the body muscles thereby increasing the rate of metabolism. The high health benefits obtained from protein supplement will fuel up its market during the forecast period. The global market for Protein Supplement Market Production has witnessed continued demand during the last few years and is projected to reach 1,247 kilo tons by 2023. Increase in demand of protein supplement-based products as a dietary supplement across various countries is likely to drive the global protein supplement. Increasing awareness about the health benefits of protein supplements has appositive impact on its market growth. plant based protein supplement among the various protein supplement sources is projected to grow the most due to its high consumer’s preference and increased demand for herbal and natural protein products. Plant based protein supplement share will contribute to the largest market volume of protein supplement. Animal sourced protein supplement will dominate the Europe market while plant-based protein supplement will be dominating the other regions. By Downstream analysis Application of protein supplement in nutraceuticals holds a lion’s share of the total market share and it is projected to grow at a CAGR of 5.14% by 2023. However, sports nutrition-based application will witness the high growth rate (~4.57%) during forecast period 2017 to 2023. By 2023, powder form of protein supplement is projected to hold a major share and is projected to have a significant growth rate backed up by high shelf-life of the product. Infographic Images Related Report @ https://www.marketresearchfuture.com/infographics Competitive analysis The major key players in Protein Supplement market are Glanbia Plc. (Ireland) Archer Daniels Midland Company (U.S.) GNC Holdings Inc. (U.S.) Herbalife Ltd (U.S.) GlaxoSmithKline Plc. (U.K.) Abbott Laboratories (U.S.) Amway (U.S.) For More Information @ https://www.marketresearchfuture.com/reports/protein-supplements-market-2260 Regional Analysis North America will continue to dominate the protein supplement market with more than 30% market share and it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023. Asia-Pacific will witness the highest growth rate (~5.87%) during forecast period 2017 to 2023. Europe region will witness the growth of 2.58% in protein supplement market for the same period. About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Introduction

Protein Supplements Market is expected to register a CAGR of 7.5% and reach USD 24,004.8 Million by 2025.Protein Supplement are dietary supplements which provide energy and high protein content to the body. Protein supplements are produced by extraction of protein majorly form plants and animals.  Based on the protein content and form, the protein supplement varieties are segregated. They contribute to a proper balanced diet and enhances the body metabolism. Protein supplements are vital nutraceutical products and are consumed mainly by the athletes and health conscious consumers to enhance the body muscles thereby increasing the rate of metabolism. The high health benefits obtained from protein supplement will fuel up its market during the forecast period.

 

The global market for Protein Supplement Market has witnessed continued demand during the last few years and is projected to reach 1,247 kilo tons by 2023. Increase in demand of protein supplement-based products as a dietary supplement across various countries is likely to drive the global protein supplement. Increasing awareness about the health benefits of protein supplements has appositive impact on its market growth.

 

By Downstream analysis

By 2023, plant sourced protein supplement will reach more than 500 kilo tons. The easy availability and high protein content of plant-based protein in addition to easy processing for protein extraction is supporting the growth of plant-based protein supplement in the market.

Application of protein supplement in nutraceuticals holds a lion’s share of the total market share and it is projected to grow at a CAGR of 5.14% by 2023. However, sports nutrition-based application will witness the high growth rate (~4.57%) during forecast period 2017 to 2023. By 2023, powder form of protein supplement is projected to hold a major share and is projected to have a significant growth rate backed up by high shelf-life of the product.

 

Competitive analysis

The major key players in Protein Supplement market are

• Glanbia Plc. (Ireland)
• Archer Daniels Midland Company (U.S.)
• GNC Holdings Inc. (U.S.)
• Herbalife Ltd (U.S.)
• GlaxoSmithKline Plc. (U.K.)
• Abbott Laboratories (U.S.)
• Amway (U.S.)

 

For More Information @ https://www.marketresearchfuture.com/reports/protein-supplements-market-2260

 

Regional Analysis

North America will continue to dominate the protein supplement market with more than 30% market share and it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023. Asia-Pacific will witness the highest growth rate (~5.87%) during forecast period 2017 to 2023. Europe region will witness the growth of 2.58% in protein supplement market for the same period. Growing popularity of consumption of dietary supplements imparting necessary nutrients to the body is driving the market growth of protein supplement globally. Increasing health awareness and adoption of healthy lifestyle is playing a key role in the protein supplement market growth from last few years.

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Market Introduction

The Global Protein Supplements Market is projected to grow with a significant growth rate of 6.87% from 2018 to 2023 and reach a market value of USD 14.50 billion by the end of 2023.

Protein Supplement are dietary supplements which provide energy and high protein content to the body. Protein supplements are produced by extraction of protein majorly form plants and animals.  Based on the protein content and form, the protein supplement varieties are segregated. They contribute to a proper balanced diet and enhances the body metabolism. Protein supplements are vital nutraceutical products and are consumed mainly by the athletes and health conscious consumers to enhance the body muscles thereby increasing the rate of metabolism. The high health benefits obtained from protein supplement will fuel up its market during the forecast period.

 

The global market for Protein Supplement Market Share has witnessed continued demand during the last few years and is projected to reach 1,247 kilo tons by 2023. Increase in demand of protein supplement-based products as a dietary supplement across various countries is likely to drive the global protein supplement. Increasing awareness about the health benefits of protein supplements has appositive impact on its market growth.

 

By Downstream analysis

By 2023, plant sourced protein supplement will reach more than 500 kilo tons. The easy availability and high protein content of plant-based protein in addition to easy processing for protein extraction is supporting the growth of plant-based protein supplement in the market.

Application of protein supplement in nutraceuticals holds a lion’s share of the total market share and it is projected to grow at a CAGR of 5.14% by 2023. However, sports nutrition-based application will witness the high growth rate (~4.57%) during forecast period 2017 to 2023. By 2023, powder form of protein supplement is projected to hold a major share and is projected to have a significant growth rate backed up by high shelf-life of the product.

 

Competitive analysis

The major key players in Protein Supplement market are

• Glanbia Plc. (Ireland)
• Archer Daniels Midland Company (U.S.)
• GNC Holdings Inc. (U.S.)
• Herbalife Ltd (U.S.)
• GlaxoSmithKline Plc. (U.K.)
• Abbott Laboratories (U.S.)
• Amway (U.S.)

 

For More Information @ https://www.marketresearchfuture.com/reports/protein-supplements-market-2260

 

Regional Analysis

North America will continue to dominate the protein supplement market with more than 30% market share and it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023. Asia-Pacific will witness the highest growth rate (~5.87%) during forecast period 2017 to 2023. Europe region will witness the growth of 2.58% in protein supplement market for the same period. Growing popularity of consumption of dietary supplements imparting necessary nutrients to the body is driving the market growth of protein supplement globally. Increasing health awareness and adoption of healthy lifestyle is playing a key role in the protein supplement market growth from last few years.

 

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

Protein comes from the foods we eat, such as rice, soybeans, lentils, etc. To obtain just the protein an extraction process is used and there are a variety of extraction processes available such as cold pressing, concentrates process, or isolates. Protein powder manufacturing is complex. In the case of protein isolates like Whey, the goal is to separate the protein from the whole-food in three following steps namely Water wash, Alcohol wash, and Ionization technique. Each method has considerations such as cost and end product quality. Once the protein is separated it must be filtered. For example with whey, they use a decreasing micron filtration system that forces out the liquid but keeps the protein. 

According to a new market report published by BlueWeave Consulting, the Global Protein Supplement market was valued at US$ 11,438.16 Mn in 2017 and is expected to expand at a CAGR of above 7% from 2018 to 2025, reaching US$ 20,014.21 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the protein supplement market in 2017.

Demand for sports and fitness nutritional supplements driving the protein supplement market across the globe.

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Proteins supplements are consumed as sports and fitness nutrition products to enhance athletic performance; it includes minerals, vitamins, amino acids, herbs. Due to shift in consumers’ preference towards self-grooming outlook and fitness trend, protein supplements had gained higher popularity among the younger generation, sports person and fitness enthusiast working adults. Owing to increasing cases of health problems such as malnutrition, weak immune systems, and obesity, consumers are considering protein-rich food and beverages like protein supplements and sports nutrition products that offer the right amount of health benefits and nutrition. Increase in the health and fitness-conscious population, particularly in males, across the globe will propel the demand for sports nutrition products. Further, an increase in consumer income will boost the sales of protein supplements as consumers affordability had increased. Furthermore, the ongoing trend of joining gyms and bodybuilding centers encourages consumers to buy protein supplements products to enhance body immune system and build muscles, hence raising the global demand for protein supplements products.

The whey protein contributed the largest revenue to the global protein supplement market in 2017.

The global protein supplement market is segmented on the basis of product type, source type, form type, application type, and distribution Channel. On the basis of product type, the market is segmented into Whey protein, Egg protein, Casein protein, Soy protein, Pea protein, others.  and is estimated to witness the highest growth during 2018-2025. Based on the source, the market is segmented into the Animal-based source and Plant-based source. The demand for animal-based is expected to grow at the fastest rate, during the forecast period. Based on Form, the market is segmented into Protein powder, RTD, Protein bars and others. Protein powder generated the highest revenue for the global protein supplement market in 2017. On the basis of the distribution channel, the market is segmented into Supermarket, Online Stores, Direct Customers, and Others. Online Stores generated the highest revenue for the global protein supplement market and is expected to grow at the fastest rate during the forecast period. Based on the application, the market is further segmented into sports nutrition and functional food. Sports Nutrition based application contributed to the largest revenue in 2017 and is expected to witness the highest growth during 2018-2025.

North America was the largest region in the global protein supplement market in 2017 and it is estimated to grow over a CAGR of 6.9% during 2018-2025.

On the basis of region, the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East, Africa and Latin America. 

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Protein Supplement Market: Competitive Dynamics

The global protein supplement market is dominated by a number of players, amongst them the major players are Glanbia, Plc, NOW Foods, AMCO Proteins, MusclePharm Corporation, Abbott Laboratories etc. Companies in this industry are following different strategies to strengthen their market position. For instance, In April 2016, Abbott Laboratories introduced its new nutrition product line for better sports performance under the brand name MYOPLEX. The products provide nutrition for before, after and during workouts. Most of the major vendors in the Global Protein Supplement are actively focused on enhancing their offerings to meet the ongoing demand.

Don’t miss the business opportunity of the Global Protein Supplement Market. Consult our analyst and gain crucial insights and facilitate your business growth.

Market Segmentation: Global Protein Supplement Market

By Product

By Source

By Form

By Application

By Distribution Channel

Geographical Segments:

• North America
• Europe

• Asia Pacific (APAC)

• LATAM
• MEA

View detailed Report here

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