Global Protein Supplement Market Expected to Reach $8,717.1 Million, by 2025 | Key Players Abbott Laboratories, ABH Pharma Inc., Amway corporation, Glambia Plc., Glaxosmithkline Plc, life International of America, Inc., Maker Nutrition LLC, and Suppleform
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Growth Drivers and Industry Trends
Global protein supplement market is divided on the basis of type, form, source, distribution channel, gender, age group, and geography. Based on type, the market is segmented into casein, whey protein, egg protein, soy protein, and others. The whey protein segment held the largest share in 2017, contributing nearly two-fifths of the total market. However, the soy protein segment is projected to manifest the fastest CAGR of 8.6% through 2025.
Segmentation Analysis of the Industry
Based on form, the market is segmented into powder, RTD liquid, and protein bars. The powder segment is estimated to manifest the fastest CAGR of 5.1% during the study period. However, the RTD liquid segment held the lions share in 2017, contributing about 12% of the total market.
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On the basis of source, the market is divided into animal and plant. The animal segment held the largest share, contributing about 70% of the total market in 2017. However, the plant segment is projected to portray the fastest CAGR of 7.2% through 2025.
Based on distribution channel, the market is bifurcated into supermarket/hypermarket, online, chemist/drugstore, nutrition store, health food store, specialist sports store, and others (gym, local store). On the basis of age group, the market is divided into male and female. However, the male segment contributed the largest share, holding nearly two-thirds of the total market in 2017.
Industry Key Players
The report includes an analysis of the major market players including Abbott Laboratories, Amway Corporation, ABH Pharma Inc., GlaxoSmithKline Plc, Glambia Plc., Herbalife International of America, Inc., General Nutrition Corporation (GNC Holdings Inc.), Maker Nutrition LLC, Suppleform, and Vitaco Health Limited.
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