By 2030, the market for protein supplements is expected to grow at an 8.6% CAGR and reach USD 42.84 billion.

November 2022, Market Research Future has published a Report on the Global Protein Supplements Market

 

Protein Supplements Market Highlights

Protein supplements must be consumed to add nutritional value to the diet and meet the body's basic protein needs. Consuming a protein supplement benefits the body's metabolism. Additionally, it aids in boosting fitness and enhancing workout performance. It can be ingested pre- and post-workout to increase stamina for sustaining strenuous workouts.

The sales of this industry in the global market are fueled by the rising demand for protein supplements and their accessibility in retail outlets.

When protein supplements first became popular, they were only sold at specialized stores like health clubs, niche retail shops, and drugstores. However, as demand for these products has grown, they are now sold in supermarkets, hypermarkets, and even online retailers, driving this market's growth on a global scale.

The global protein supplements market offers a variety of growth potential because of rising health concerns and lifestyle changes. Additionally, the increasing consumption of high-protein supplements by the younger generations in the demographic profiles of various countries offers numerous prospects for market expansion for protein supplements globally.

Regional Analysis

The global market for protein supplements has been segmented into the following regions: North America, Europe, Asia-Pacific, Latin America, and the rest of the world. Due to solid nations like the United States and Canada, which are the primary contributors to the worldwide market, the North American region holds the highest market share in the world.

The Asia-Pacific region holds the second-largest market share in the global market due to solid nations like China, India, Japan, and South Korea. Their significant populations drive up the demand for protein supplements globally.

The European region, followed by Latin America, currently holds the third-largest market share on the global market.

Market Segmentation

The global market has been segmented based on the source, form, application, and distribution channel. Based on the source, the protein supplement market has been segmented into plant-based, animal-based, and other sources. Because it has the high nutritional quality and is a popular source of protein, animal-based sources dominate the market. The global market for protein supplements is also showing a reasonable growth rate for the plant-based source dividend.

Based on form, the market for protein supplements has been segmented into powder, liquid, bar, and various other forms. Depending on their intended use, protein supplements are classified as functional food, functional beverages, dietary supplements, animal nutrition, and sports nutrition. Based on the kind of distribution channel, the global market has been split into store-based and non-store-based channels. Supermarkets, hypermarkets, specialty shops, and other retailers comprise the remainder of the store-based distribution chain.

Key players

The wholesome contributors to the protein industry are as follows:

• Nature’s’s Bounty Co. (U.S.)


• Glanbia Plc (Ireland)


• Herbalife Nutrition Ltd. (U.S.)


• GlaxoSmithKline Plc (U.K.)


• Abbott Laboratories (U.S.)


• Amway Corp (U.S.)


• GNC Holdings Inc. (U.S.)


• Vitaco Health Group (New Zealand)


• Living Essentials Marketing LLC (U.S.)


• Garden of Life LLC (U.S.)