Protein Supplement Market Growth, Revenue, Size and Future Trends 2032

Protein Supplement Market Size- By Type, By Source, By Raw Material, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032

Published: Nov 2022 Base Year: 2021 Report ID: FOOD2226
Available Format: Historical Data: 2019 - 2020 Number of Pages: 1 - 228
Category : Food & Beverages
Global Protein Supplement Market Overview:

According to SPER Market Research, the Global Protein Supplement 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 Supplement 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 coveredBy Type, By Source, By Raw Materials, By Distribution Channel
 Geographies coveredNorth America, Europe, Asia Pacific, Latin America, Middle East and Africa
 Companies CoveredAbbott 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.
Global Protein Supplement 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
9.1.1. Online stores
9.1.2. Drug stores

10. Global Digital Pharmacy Market, By Region, 2019-2032 (USD Million) 
10.1 North America
10.1.1.United States
10.1.2.Canada
10.1.3.Mexico
10.2 Europe
10.2.1.Germany
10.2.2.United Kingdom
10.2.3.France
10.2.4.Italy
10.2.5.Spain
10.2.6.Rest of Europe
10.3 Asia-Pacific
10.3.1.China
10.3.2.Japan
10.3.3.India
10.3.4.Australia
10.3.5.South Korea
10.3.6.Rest of Asia-Pacific
10.4 South America
10.4.1.Brazil
10.4.2.Argentina
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)
11.1.1. Company details 
11.1.2. Financial outlook
11.1.3. Product summary 
11.1.4. Recent developments

11.2 AMCO Proteins
11.2.1. Company details 
11.2.2. Financial outlook
11.2.3. Product summary 
11.2.4. Recent developments

11.3 Amway Corporation
11.3.1. Company details 
11.3.2. Financial outlook
11.3.3. Product summary 
11.3.4. Recent developments

11.4 Atlantic Multipower UK Ltd.
11.4.1. Company details 
11.4.2. Financial outlook
11.4.3. Product summary 
11.4.4. Recent developments

11.5 BRF
11.5.1. Company details 
11.5.2. Financial outlook
11.5.3. Product summary 
11.5.4.  Recent developments

11.6 Garden of Life
11.6.1. Company details 
11.6.2. Financial outlook
11.6.3. Product summary 
11.6.4. Recent developments

11.7 Glanbia PLC
11.7.1. Company details 
11.7.2. Financial outlook
11.7.3. Product summary 
11.7.4. Recent developments

11.8 GlaxoSmithKline (GSK)
11.8.1. Company details 
11.8.2. Financial outlook
11.8.3. Product summary 
11.8.4  Recent developments

11.9 GNC Holdings
11.9.1. Company details 
11.9.2. Financial outlook
11.9.3. Product summary 
11.9.4. Recent developments

11.10 Herbalife International of America Inc.
11.10.1 Company details 
11.10.2 Financial outlook
11.10.3 Product summary 
11.10.4 Recent developments

11.11 International Dehydrated Foods, Inc.
11.11.1. Company details 
11.11.2. Financial outlook
11.11.3. Product summary 
11.11.4. Recent developments

11.12 Maker Nutrition LLC
11.12.1. Company details 
11.12.2. Financial outlook
11.12.3. Product summary 
11.12.4. Recent developments

11.13 Melaleuca, Inc.
11.13.1. Company details 
11.13.2. Financial outlook
11.13.3. Product summary 
11.13.4. Recent developments

11.14 PepsiCo
11.14.1 Company details 
11.14.2 Financial outlook
11.14.3 Product summary 
11.14.4 Recent developments

11.15 QuestNutrition
11.15.1. Company details 
11.15.2. Financial outlook
11.15.3. Product summary 
11.15.4. Recent developments

11.16 Scitec Nutrition
11.16.1. Company details 
11.16.2  Financial outlook
11.16.3. Product summary 
11.16.4. Recent developments

11.17 SUPPLEFORM
11.17.1. Company details 
11.17.2. Financial outlook
11.17.3. Product summary 
11.17.4. Recent developments

11.18 Vitaco Health Ltd.
11.18.1. Company details 
11.18.2. Financial outlook
11.18.3. Product summary 
11.18.4  Recent developments

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3


Frequently Asked Questions About This Report
The Protein Supplement Market is projected to reach USD 15.36 billion by 2032, growing at a CAGR of 8.5% during the forecast period.
The key players in the market include 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.
The Protein Supplement Market grew in market size from 2021. The Market is expected to reach USD 15.36 billion by 2032, at a CAGR of 8.5% during the forecast period.
The Protein Supplement Market CAGR of 8.5% during the forecast period.
You can get the sample pages by clicking the link - Click Here
The Protein Supplement Market size is USD 15.36 billion from 2022 to 2032.
The Protein Supplement Market segment is Covered By Type, By Source, By Raw Materials, By Distribution Channel.
The North America region is anticipated to have the highest market share in the Protein Supplement Market.
The desire to lead an active and healthy lifestyle has increased participation in sports and fitness, which has increased demand for dietary supplements, particularly protein supplements.
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