0

U.S. Protein Supplement Market forecast is Expected to Reach $3,585.07 Million by 2028-Allied Market Research

 
2022
U.S. Protein Supplement Market

Report Code : A11938

quote The U.S. protein supplement market is expected to witness significant growth during the forecast period owing to various factors such as increase in obesity rates, rise in healthcare awareness among youth and surge in disposable income of consumers. quote

Shankar Bhandalkar
Food & Beverages, at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new U.S. protein supplement market report published by Allied Market Research titled, “U.S. Protein Supplement Market by Type, Form, Source, Gender, Age Group, and Distribution Channel: Opportunity Analysis and Industry Forecast, 2021–2028,”

The U.S. protein supplement market size is projected to reach $3,585.07 million by 2028 from $1,922.50 million in 2019, growing at a CAGR of 7.7% from 2021 to 2028. Protein is an essential nutrient and second most abundant substance present in the body after water. Protein supplements are concentrated sources of protein obtained from animals or plants that include dairy, eggs, wheat, soybean, pea, and others. They are present in three common forms, that is, powders, bars, and ready to drink (RTD) liquids. 

Protein powder is one of the most common protein supplements, available in the market as protein concentrates, protein isolates, and protein hydrolysates. The concentrates consist of 60%-80% protein and 20%–30% fat & carbs; the isolates contain 90%-95% protein; and hydrolysates boost the absorption of protein subsequently enhancing the muscle growth response to exercise. These products are consumed by individuals who strive to build muscle, increase & maintain body mass, or lose weight. Also, people take protein supplements to fulfill the necessary energy and vitamins needed through strenuous workouts as well as to compensate the nutrients & vitamins loss during reduction of food intake. 

Health benefits associated with consuming protein supplements and rise in fitness concerns among people in different regions drive the U.S. protein supplement market growth. In addition, increase in number of fitness & training centers, surge in disposable income, and alarming rise in obesity rates also fuel the U.S. protein supplement market growth. However, presence of cheap replacements and false claims coupled with negative publicity are expected to hamper the growth of the U.S. protein supplement market during the forecast period. Rise in protein supplement demand from health-conscious young population of the developing nations as well as strengthening of distribution channels in untapped regions are expected to provide numerous opportunities for expansion of the U.S. protein supplement market industry. The online segment was the leading distribution channel in the protein supplement market analysis in 2019 with the highest CAGR of 8.5% during the forecast period. 

This was attributed to the large number of options or alternatives present in online shopping resulting in convenience of people willing to buy protein supplement or related products. According to studies, protein supplements maintain blood pressure, improve immune system, aid in weight management, and reduce risk of cardiovascular diseases. In 2019, the whey protein segment occupied a major U.S. protein supplement market share, accounting for more than one-third revenue of the market. This U.S. protein supplement market trend is expected to continue during the forecast period as well, owing to its ease in digestibility, richness in branched-chain amino acids, and other factors. The soy protein segments accounted for the second highest market share in 2019, and is expected to grow at the highest CAGR during the forecast period. Obesity is the cause of many diseases and health hazards, owing to which more people are willing to lose weight and stay fit. Also, a large section of people are consuming protein supplements to develop muscles or gain weight. This results in expansion of the protein supplement market in all the regions.

Key findings of the study

  • Based on type, the whey protein segment accounted for around 38.6% market share in 2019, growing at a CAGR of 7.9% from 2021 to 2028. The soy protein segment accounted for around 23% market share, growing at a CAGR of 8.8% from 2021 to 2028.
  • Based on form, the powder segment accounted for 76.8% share of the market in 2019 and is expected to grow at a CAGR of 7.6%. The Ready to Drink (RTD) liquid segment occupied around 12.3% share of the market and is expected to grow at the CAGR of 8.7%.
  • Based on source, the animal segment accounted for 74.4% share of the market in 2019 and is expected to grow at the highest CAGR of 7.8%. The plant segment occupied around 25.6% share of the market and is expected to grow at the CAGR of 7.4%.
  • Based on gender, the male segment accounted for 61.6% share of the market in 2019 and is expected to grow at the highest CAGR of 7.9%. Female segment occupied around 38.4% share of the market share and is expected to grow at the CAGR of 7.3%.
  • Based on age group, the millennial segment accounted for 45.9% share of the market in 2019 and is expected to grow at the highest CAGR of 8.1%. The Generation X segment occupied around 31.8% share of the market and is expected to grow at the CAGR of 7.6%.
  • Based on distribution channel, the E-commerce segment accounted for 19.8% share of the market in 2019 and is expected to grow at the highest CAGR of 8.5%. The nutrition store segment occupied around 15.7% share of the market and is expected to witness growth at a CAGR of 8.2%.

The market is fragmented with the presence of several market participants such as Abbott Laboratories, ABH Pharma Inc., Amway Corporation, Glanbia Corp., GlazoSmithKline, GNC Holdings, Herbalife International of America Inc., Bob's Red Mill, Nutiva Inc., and MusclePharm Corporation. The major strategies adopted by key players to expand their business include expansion in untapped regions and new product launches.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote U.S. Protein Supplement Market by Type (Casein, Whey Protein, Egg Protein, Soy Protein, Other), Form (Powder, RTD Liquid, Protein Bar), Source (Animal, and Plant), Gender (Male, and Female), Age Group (Millennial, Generation X, and Baby Boomer), and Distribution Channel (Hypermarket/Supermarket, E-Commerce, Chemist/Drugstore, Nutrition Store, Health Food Store, Specialist Sports Store, And Others): Opportunity Analysis and Industry Forecast, 2021–2028 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Hybrid Cloud Market

Download Sample
rep-img

Published Date Oct 2024

Digital Substation Market

Download Sample

Buy Full Version
"U.S. Protein Supplement Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers