- Toll Free: +1-800-792-5285
- (UK): +44-845-528-1300
- Int'l: +1-503-894-6022
- Help@alliedmarketresearch.com
Cart
|
FO_172330
|
Pages: 220
|
Jun 2017 | 5505 Views
|
|
|
|
Author's :
Biswa Sinha
|
Tables: 123
|
Charts: 36
|
Formats*: |
|
Global Protein Supplement Market was valued at $2,662 million in 2016, and is projected to reach at $3,946 million by 2023, growing at a CAGR of 5.7% from 2017 to 2023. Proteins are considered as the building blocks of bones, muscles, skin, and blood, in the body. They are one of the key constituents of hormones, enzymes, & vitamins, which control and maintain body processes. Protein supplements are a prominent protein source, which are directly or indirectly obtained from animals or plants products such as dairy, eggs, soybeans, and others. These are very popular among those who manage weight, are health conscious, and exercise regularly. Protein supplements are also recommended post-surgery (especially bariatric surgery) for immediate recovery of the patient. Growth in popularity of these supplements among youngsters and emergence of ready-to-drink protein-based pediatric milk formulations coupled with various health claims associated with it are some of the key factors that drive the market growth.
The global protein supplement market is majorly driven by the rise of health & fitness centers and growth in health-related awareness among people. Moreover, alarming obesity rates indicating increase in demand for weight management, growth in urbanization, and rise in disposable income are some other factors that fuel the market growth. However, availability of cheap substitutes of protein supplements along with negative publicity & false claims affect the reputation of these and are expected to limit the growth of the market. The introduction of protein supplements in the developing nations and expansion as well as strengthening of distribution channels in different regions are anticipated to provide lucrative opportunities for the market.
Segment Review
Get more information on this report : Request Sample Pages
The report segments the global protein supplement market based on type, form, source, distribution channel, and geography. By type, the market is divided into casein, whey protein, egg protein, soy protein, and others. On the basis of form, it is classified into powder, RTD liquid, and protein bars. On account of source, the market is bifurcated into animal and plant sources. Based on distribution channel, it is categorized into supermarket/hypermarket, online stores, chemist/drugstore, nutrition store, health food store, specialist sports store, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Top Investment Pocket, by Type
Get more information on this report : Request Sample Pages
Soy protein type is the most lucrative segment of the global protein supplement market. It possesses high market potential for investment, owing to ease in digestibility, presence of low quantity fat, and cholesterol maintenance. North America holds the highest share of the overall global protein supplement market while the Asia-Pacific region owns the highest growth rate.
Global protein supplement market, by geography
Asia-Pacific is the fastest growing region in the global market, registering the highest CAGR of around 7.3% during the forecast period. This is due to the rise in demand for protein supplements in several developing regions coupled with increase in urbanization. North America accounted for around half of the share of the global market and is expected to be the 50% contributor during the forecast period. The South Africa protein supplement market was valued at $56 million in 2016, and is expected to reach $87 million by 2023, registering a CAGR of 6.6% during the forecast period.
South Africa protein supplement market, 2016-2023 ($Million)
Get more information on this report : Request Sample Pages
Key leading players operating in the protein supplement industry are Abbott Laboratories, ABH Pharma Inc., Amway Corporation, Glanbia Group, GlaxoSmithKline (GSK), GNC Holdings, Makers Nutrition, Herbalife International of America, Inc., Suppleform, and Vitaco Health.
The other players in the value chain include Forever Living Inc., Garden of Life, Melaleuca Inc., New Vitality, Nu Skin Enterprises, Inc., Shaklee Corporation, USANA Health Sciences, Vitacost.com, Inc., Isostar, Atlantic Multipower UK Limited, and Dalblads.
Key Benefits
Protein supplement is considered as a body building food usually taken by athletes, but it is also consumed by common people willing to stay fit, manage weight, or build body. There are three main factors supporting the growth of the global protein supplement market-health, fitness and weight management. Protein-related products used by athletes hail from sports nutrition market, but the ones taken by common people for building muscles or losing weight come under global protein supplement market. These are generally available as protein powders in the market while RTD protein shakes and protein bars are comparatively new.
Online distribution channel is the most prevalent medium responsible for highest protein supplement sales in the global market. This segment is anticipated to dominate with the highest growth rate during forecast period. Animal source protein supplement occupied more than half of the market share in 2016 and is expected to occupy three-fourths of the market till 2023. Moreover, whey and soy protein is anticipated to dominate the market in the current as well as the upcoming years.
North America is the leading region in terms of consumption of protein supplements in different forms with more than 50% share in the global market. Furthermore, Asia-Pacific region is projected to grow at the highest CAGR, owing to growth in number of fitness centers, increase in disposable income, and rise in health conscious population.
Enterprise
License/PDF
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high level data integrity, accurate analysis and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
