Top 10 Protein Supplements Market Players Detail Financial Overview | 2018 Recent Trends and Growing Demand | Business Forecast to 2022

The global protein supplements market is characterized with the existence of innumerable participants, says Transparency Market Research on the basis of a recently published research report. This has given rise to a highly competitive vendor landscape to exist. With new players entering this landscape on a regular basis, the global protein supplements market is expected to witness a highly intensified competition during the forthcoming years.

Key Takeaways

Most players are expected to expand their businesses by focusing on product diversification and development, consequently making them capture leading market shares.
The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets.

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Most players are expected to expand their businesses by focusing on product diversification and development, consequently making them capture leading market shares. Expansion in emerging economies to boost growth and product sales also is a prime strategy implemented by most players operating in the global protein supplements market. This is mainly due to the untapped potential present in the emerging economies in terms of product selling and revenue generation. Abbott Laboratories, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc., Amway Corp., Vitaco Health Ltd., ABH Pharma Inc., Atlantic Multipower UK Ltd., Herbalife International Of America Inc., Makers Nutrition LLC, Nu Skin Enterprises Inc., Shaklee Corp., USANA Health Sciences Inc., and Vitacost.com Inc., are key players present in the protein supplements market.

According to experts from Transparency Market Research, the global protein supplements market is expected to fetch revenue worth US$2.8 bn by the end of 2026, which is a decent growth after earlier revenue worth US$2.2 bn registered in 2017. This growth is projected to occur at a steady CAGR of 5.30% during the forecast period from 2017 to 2022.

Increase in the Awareness about Fitness Maintenance Boosts Market’s Growth

A substantial rise in the intake of protein supplements has happened owing to a surge in the number of fitness freaks is majorly propelling the global protein supplements market. All over the world, there has been an increase in the number of gyms, fitness centers, and health clubs, which also has made market to grow at a decent pace in recent times. Protein supplements are a best option for weight management, and a rising demand for the same also has proven beneficial to the global protein supplement’s expansion. Furthermore, rapid urbanization coupled with increasing ability of the purchasing power of the consumers is further estimated to drive this market in the years to come.

The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets. The growing popularity of several sports all over has consequently led towards a surge in the number of sportspersons and athletes. Due to this, a rapid rise in the intake of protein-rich foods by such sportspersons is consequently driving the global protein ingredients market.

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Fluctuation in Production Capacity Restrains Protein Supplements Market

However, volatility in costs or protein products has been notably restraining the global protein supplements market in recent times. Moreover, costly supplement products are expected to discourage those having less disposable income from buying them. However, many businesses are anticipated to introduce less-costly supplementary products in the next few years, thus offsetting most restraints affecting the global protein supplements market.

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This release was published on openPR.