Global Protein Supplements Market Overview:
According to SPER Market Research, the Global Protein Supplements Market is estimated to reach USD 15.36 billion by 2032 with a CAGR of 8.5%.
The market for protein supplements consists of the sales of protein supplements by businesses (organisations, sole proprietors, and partnerships) that refer to a protein-containing dietary supplement. A protein supplement aids in the production of hormones and enzymes as well as muscle growth and tissue repair. For athletes, it also helps with muscle toning and weight loss. Protein powder, protein bars, and ready-to-drink beverages are the three primary categories of protein supplements. The term "protein powder" describes powdered protein sources made from plants (such as soy, peas, rice, potatoes, or hemp), eggs, or milk (casein or whey protein). To improve the flavour and usefulness of the powder, more sugar, artificial flavours, thickeners, vitamins, and minerals are added. Casein protein supplements, whey protein supplements, egg protein supplements, MPC protein supplements, and soy protein supplements are variations of protein supplements based on the raw ingredients. Supermarkets, hypermarkets, internet retailers, and drugstores all sell protein supplements made from both animal and plant sources.
The market for protein supplements is being driven by the surge in consumer desire for dietary supplements. Food supplements are used to compensate for dietary inadequacies that people may have from eating a typical diet. Sports and fitness involvement has increased due to a desire to live an active and healthy lifestyle, which has raised the demand for dietary supplements, particularly protein supplements. An important development in the market for protein supplements is strategic collaboration. The businesses in the protein supplement industry are concentrating on forming strategic alliances to broaden their market reach and utilise one another's resources for brand-new product development and marketing initiatives.
Impact of COVID-19 on the Global Protein Supplements Market
The intake of protein supplements has grown as a result of the COVID-19 pandemic in order to fortify the immune system. According to a two-week survey conducted by Glanbia plc, a major manufacturer of nutrition products, in April 2020 to monitor the effect of COVID-19 on consumers' spending on food and nutrition products in the U.S., a higher percentage of respondents reported eating protein bars to maintain their health and strengthen their immune systems, rising from 21% in week 1 to 23% in week 2. Following the COVID-19 outbreak, there was a significant increase in the consumption of protein shakes that were ready to drink.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Source, By Raw Materials, By Distribution Channel |
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Abbott Laboratories (ABBOTT), AMCO Proteins, Amway Corporation, Atlantic Multipower UK Ltd., BRF., Garden of Life, Glanbia PLC, GlaxoSmithKline (GSK), GNC Holdings, Herbalife International of America, Inc., International Dehydrated Foods Inc., Maker Nutrition LLC, Melaleuca, Inc., PepsiCo, QuestNutrition, Scitec Nutrition, SUPPLEFORM, Vitaco Health Ltd.
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Global Protein Supplements Market Segmentation:
By Type: Based on the Type, Global Protein Supplement Market is segmented as; Protein powder, Protein bar, Ready to drink
By Source: Based on the Source, Global Protein Supplement Market is segmented as; Plant-based, Animal-based.
By Raw Material: Based on the Raw Material, Global Protein Supplement Market is segmented as; Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, Soy Protein Supplements
By Distribution Chanel: Based on the Distribution Channel, Global Protein Supplement Market is segmented as; Supermarkets and Hypermarkets (Online stores, Drug stores).
By Region: The market for protein supplements was dominated by North America. During the projected period, Asia-Pacific is anticipated to experience the fastest growth in the global market for protein supplements. Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa are the areas covered in the global protein supplements market study. The markets for protein supplements in Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA are all included in the report.
1.Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Protein Supplement Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Global Protein Supplement Market, By Type, 2019-2032 (USD Million)
6.1 Protein powder
6.2 Protein bar
6.3 Ready to drink
7. Global Protein Supplement Market, By Source, 2019-2032 (USD Million)
7.1 Plant-based
7.2 Animal-based
8. Global Protein Supplement Market, By Raw Material, 2019-2032 (USD Million)
8.1 Casein Protein Supplements
8.2 Whey Protein Supplements
8.3 Egg Protein Supplements
8.4 MPC Protein Supplements
8.5 Soy Protein Supplements
9. Global Protein Supplement Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Supermarkets and Hypermarkets
10. Global Digital Pharmacy Market, By Region, 2019-2032 (USD Million)
10.3.6.Rest of Asia-Pacific
10.4.3.Rest of South America
10.5 Middle East & Africa
10.5.1.Kingdom of Saudi Arabia
10.5.2.United Arab Emirates
10.5.3.Rest of Middle East & Africa
11. Company Profiles
11.1 Abbott Laboratories (ABBOTT)
11.1.2. Financial outlook
11.1.4. Recent developments
11.2.2. Financial outlook
11.2.4. Recent developments
11.3.2. Financial outlook
11.3.4. Recent developments
11.4 Atlantic Multipower UK Ltd.
11.4.2. Financial outlook
11.4.4. Recent developments
11.5.2. Financial outlook
11.5.4. Recent developments
11.6.2. Financial outlook
11.6.4. Recent developments
11.7.2. Financial outlook
11.7.4. Recent developments
11.8 GlaxoSmithKline (GSK)
11.8.2. Financial outlook
11.8.4 Recent developments
11.9.2. Financial outlook
11.9.4. Recent developments
11.10 Herbalife International of America Inc.
11.10.2 Financial outlook
11.10.4 Recent developments
11.11 International Dehydrated Foods, Inc.
11.11.2. Financial outlook
11.11.4. Recent developments
11.12 Maker Nutrition LLC
11.12.2. Financial outlook
11.12.4. Recent developments
11.13.2. Financial outlook
11.13.4. Recent developments
11.14.2 Financial outlook
11.14.4 Recent developments
11.15.2. Financial outlook
11.15.4. Recent developments
11.16.2 Financial outlook
11.16.4. Recent developments
11.17.2. Financial outlook
11.17.4. Recent developments
11.18.2. Financial outlook
11.18.4 Recent developments