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Global Protein Supplement Market Research Report 2018-2025 | Global Key Player -Glanbia Plc, GNC Holdings, Inc., Iovate Health Sciences International Inc., Quest Nutrition, LLC, and NOW Foods.
Press release from: BlueWeave Consulting & Research Pvt Ltd.
Global Protein Supplement market report provides analysis for the period 2014–2025, wherein the period from 2018 to 2025 is the forecast period and 2017 is base year. The market study reveals that the global protein supplement market is expected to grow over a CAGR of 7% during 2018-2025 in terms of value. Consumer inclination towards healthy lifestyle had increased the need for additional nutrition in daily life is driving the growth of the protein supplement market. In addition, Plant-based diet help to prevent and treat various diseases, including heart disease, diabetes, and high blood pressure. It provides greater diet satisfaction, improves digestion, increase energy, and better sleep, also improves human general health, vitality, physical functioning, and mental health. These factors are constantly accelerating the growth of protein supplement market.
The market overview section of the report demonstrates market dynamics such as drivers and restraints that talks about the current nature and future scenario of the global protein supplement market, key market indicators, and raw material analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global protein supplement market. Furthermore, various analysis methods like Porter’s, Pestle are also included in the report to provide an in-depth view of the market scenario.
Demand for sports and fitness nutritional supplements driving the protein supplement market across the globe
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Proteins supplements are consumed as sports and fitness nutrition products to enhance athletic performance; it includes minerals, vitamins, amino acids, herbs. Due to shift in consumers’ preference towards self-grooming outlook and fitness trend, protein supplements had gained higher popularity among younger generation, sports person and fitness enthusiast working adults. Owing to increasing cases of health problems such as malnutrition, weak immune systems and obesity, consumers are considering protein-rich food and beverages like protein supplements and sports nutrition products that offers the right amount of health benefits and nutrition. Increase in the health and fitness-conscious population, particularly in males, across the globe will propel the demand for sports nutrition products. Further, an increase in consumer income will boost the sales of protein supplements as consumers affordability had increased. Furthermore, ongoing trend of joining gyms and bodybuilding centers encourages consumers to buy protein supplements products to enhance body immune system and build muscles, hence raising the global demand for protein supplements products.
Scope of the Report
The global protein supplement market is segmented on the basis of product type, source type, form type, application type, and distribution Channel. On the basis of product type, the market is segmented into Whey protein, Egg protein, Casein protein, Soy protein, Pea protein, others. The whey protein contributed the largest revenue to the global protein supplement market in 2017 and is estimated to witness the highest growth during 2018-2025. Based on the source, the market is segmented into Animal-based source and Plant-based source. The demand for animal-based is expected to grow at the fastest rate, during the forecast period. Based on Form, the market is segmented into Protein powder, RTD, Protein bars and others. Protein powder generated the highest revenue for the global protein supplement market in 2017. On the basis of distribution channel, the market is segmented into Supermarket, Online Stores, Direct Customers, and Others. Online Stores generated the highest revenue for the global protein supplement market and is expected to grow at the fastest rate during the forecast period. Based on application, the market is further segmented into sports nutrition and functional food. Sports Nutrition based application contributed the largest revenue in 2017 and is expected to witness the highest growth during 2018-2025.
On the basis of region the market is segmented into five parts namely North America, Europe, Asia Pacific, Middle-East, Africa and Latin America. North America was the largest region in the global protein supplement market in 2017 and it is estimated to grow over a CAGR of 6.9% during 2018-2025.
Global Protein Supplement Market: Key Findings of the Report
According to BlueWeave Consulting, the key findings of the report “Global Protein Supplement Market Size, Share, Development, Growth and Demand Forecast to 2025” are:
• The demand for global Protein Supplement market is expected to grow a significant rate, during the forecast period. Consumer inclination towards healthy lifestyle had increased the need for additional nutrition in daily life is driving the growth of the protein supplement market.
• Whey Protein is the largest segment among the product type. It is used for the purpose of increasing muscle mass and strength; and can help increase fat loss while preserving lean muscle mass, thus increasing the growth of usage of Whey Protein.
• Protein Powder is the essential segment among the form. Protein is an essential macronutrient that helps build muscle, repair tissue, and make enzymes and hormones. Using protein powder may also aid weight loss and help people tone their muscles which are constantly increasing the use of protein powder.
• Asia Pacific is likely to witness fastest growth during the forecast period. The demand of protein supplement in the region is likely to increase at a significant CAGR during the forecast period. The burgeoning middle class population of developing countries, with their rising disposable incomes, lifestyle changes, and working women population see protein fortified foods and dietary supplements as a viable option to address nutritional requirements.
Global Protein Supplement Market: Competitive Dynamics
The Global Protein Supplement Market is dominated by a number of players, amongst them, the major players are Glanbia Plc, GNC Holdings, Inc., Iovate Health Sciences International Inc., Quest Nutrition, LLC, and NOW Foods. Companies in this industry are following different strategies to strengthen their market position. The manufacturing companies are expected to increase spending on the development of new products. As a result, the companies are likely to collaborate with buyers located in the consumer goods industry for research & development.
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About BlueWeave Consulting & Research Pvt Ltd. (BWC)
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