Protein Supplements Market 1

Protein Supplements Market estimated to be USD 24,004.8 Million in
2020 to 2025
Protein Supplements Market Research Report -
Global Forecast till 2025
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Protein Supplements Market estimated to be USD 24,004.8 Million in
2020 to 2025
Market Introduction
Protein Supplements Market is expected to register a CAGR of 7.5% and reach
USD 24,004.8 Million by 2025. Protein supplements are products intended to
provide additional nutritional value to the diet. They enhance physical fitness and
performance by improving metabolism.
Protein Supplement are dietary supplements which provide energy and high protein
content to the body. Protein supplements are produced by extraction of protein
majorly form plants and animals. Based on the protein content and form, the protein
supplement varieties are segregated. They contribute to a proper balanced diet and
enhances the body metabolism. Protein supplements are vital nutraceutical products
and are consumed mainly by the athletes and health conscious consumers to
enhance the body muscles thereby increasing the rate of metabolism. The high
health benefits obtained from protein supplement will fuel up its market during the
forecast period.
The global market for Protein Supplement Market has witnessed continued
demand during the last few years and is projected to reach 1,247 kilo tons by 2023.
Increase in demand of protein supplement-based products as a dietary supplement
across various countries is likely to drive the global protein supplement. Increasing
awareness about the health benefits of protein supplements has appositive impact
on its market growth.
plant based protein supplement among the various protein supplement sources is
projected to grow the most due to its high consumer’s preference and increased
demand for herbal and natural protein products. Plant based protein supplement
share will contribute to the largest market volume of protein supplement.
By Downstream analysis
By 2023, plant sourced protein supplement will reach more than 500 kilo tons. The
easy availability and high protein content of plant-based protein in addition to easy
processing for protein extraction is supporting the growth of plant-based protein
supplement in the market.
Application of protein supplement in nutraceuticals holds a lion’s share of the total
market share and it is projected to grow at a CAGR of 5.14% by 2023. However,
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Protein Supplements Market estimated to be USD 24,004.8 Million in
2020 to 2025
sports nutrition-based application will witness the high growth rate (~4.57%) during
forecast period 2017 to 2023.
Competitive analysis
The major key players in Protein Supplement market are
• Glanbia Plc. (Ireland)
• Archer Daniels Midland Company (U.S.)
• GNC Holdings Inc. (U.S.)
• Herbalife Ltd (U.S.)
• GlaxoSmithKline Plc. (U.K.)
• Abbott Laboratories (U.S.)
• Amway (U.S.)
Key players are focused majorly on new product launch in their protein supplements
product and it accounts for more than 30% of the overall strategy share by key
players from last few years. Acquisition, mergers and geographical expansion are the
main factors which are contributing 50% of strategy share and is facilitating
companies to penetrate the potential market across globe.
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Regional Analysis
North America will continue to dominate the protein supplement market with more
than 30% market share and it is projected to reach more than 400 kilo tons with
CAGR of 5.65% by 2023. Asia-Pacific will witness the highest growth rate (~5.87%)
during forecast period 2017 to 2023. Europe region will witness the growth of 2.58%
in protein supplement market for the same period. Growing popularity of
consumption of dietary supplements imparting necessary nutrients to the body is
driving the market growth of protein supplement globally. Increasing health
awareness and adoption of healthy lifestyle is playing a key role in the protein
supplement market growth from last few years.
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Protein Supplements Market estimated to be USD 24,004.8 Million in
2020 to 2025
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Copyright © 2017 Market Research Future.