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Global Protein Supplement Market is expected to expand at a CAGR of above 7% from 2018 to 2025 | Key Players, Trends, Outlook and Competitive Analysis
Protein Supplement Market Growth Forecast
According to a new market report published by BlueWeave Consulting, the global protein supplement market was valued at US$ 11,438.16 Mn in 2017 and is expected to expand at a CAGR of above 7% from 2018 to 2025, reaching US$ 20,014.21 Mn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the protein supplement market in 2017.
Demand for sports and fitness nutritional supplements driving the protein supplement market across the globe.
Get Sample Copy of Study Report Global Protein Supplement Market: https://bit.ly/2Gb8raj
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.
Protein Supplement Market: 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-basedsource 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.
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, NOW Foods, AMCO Proteins, MusclePharm Corporation, Abbott Laboratories etc. Companies in this industry are following different strategies to strengthen their market position. For instance, In April, 2016, Abbott Laboratories introduced their new nutrition product line for better sports performance under the brand name MYOPLEX. The products provide nutrition for before, after and during workouts.
Get Complete Table of Content Having Unique Analysis on Several Factors: https://bit.ly/2RoOjq4
Market Segmentation: Global Protein Supplement Market
By Product
• Whey Protein
• Egg protein
• Casein protein
• Soy protein
• Pea protein
• Others
By Source
• Animal Based
• Plant Based
By Form
• Protein Powder
• RTD
• Protein Bars
• Others
By Application
• Sports Nutrition
• Functional Foods
By Distribution Channel
• Supermarket
• Online Stores
• Direct Customers
• Others
In addition, the report provides analysis of the protein supplement market with respect to the following geographic segments:
• North America
• U.S.
• Canada
• Rest Of North America
• Europe
• U.K.
• Germany
• Netherlands
• France
• Italy
• Rest of Europe
• Asia Pacific (APAC)
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
• LATAM
• Brazil
• Argentina
• Rest of Latin America
• MEA
• UAE
• South Africa
• Saudi Arabia
• Rest of Middle-East
Get Full Study Report on Global Protein Supplement Market: https://bit.ly/2RKgWNY
About Us
BlueWeave Consulting is a one-stop solution for market intelligences regarding various products and services online & offline. We offer worldwide market research reports by analysing both qualitative and quantitative data to boost up the performance of your business solution. BlueWeave has built its reputation from the scratches by delivering quality performance and nourishing the long-lasting relationships with its clients for years. We are one of the leading digital market intelligence generation company delivering unique solutions for blooming your business and making the morning, more rising & shining.
Contact Us:
Email: info@blueweaveconsulting.com
Website: www.blueweaveconsulting.com
Phone: +1 8666586826
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