Protein Supplement Market Analysis 2019 to 2023, Major Key Players Review | Archer Daniels Midland Company, Glanbia, Herbalife Ltd, GNC Holdings, Etc.

Market Scenario and Growth Factors:
The health benefits of protein supplements are expected to create a favorable setting for the market’s development. Reports that review the food, beverage, and nutrition industry have been offered by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is projected to be buoyed by a CAGR of 4.56 % in the approaching period.

The augmented tendency of individuals to consume protein supplements to meet their daily nutrition requirements is benefitting the market growth substantially. The availability of protein supplements in various forms is expected to enlarge the user base greatly in the coming years.

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Global Leaders:
The principal market players in the protein supplement market primarily are:

Archer Daniels Midland Company

Herbalife Ltd

Glanbia Plc.

GlaxoSmithKline Plc.

GNC Holdings Inc.

Abbott Laboratories

Amway

Competitive Analysis:
The key success factors are also favorably contributing to the growth of the market. The fortification of the distribution channels in the market is expected to increase the penetration of the products. In the coming years, market profitability will progressively improve as innovation and product developments induce positive developments. The market size is also expected to grow significantly in the coming years. The market scenario is highly dependent on the factors that are shaping the opportunities and the challenges that are existing in the market. The competitors in the market are ensuring that the product and services being offered in the market are aligning with the preferences of their user base favorably. The presence of successful products and brands is shaping the development of the market to a great extent. Also, the progress of technology has gained momentum leading to enhanced market growth. The industry cost structure is also expected to alter progressively in the coming future. The innovative trends emerging in the market are expected to set grounds for robust development in the approaching period.

Segmental Analysis:
The segmental analysis of the protein supplement market is carried out on the basis of sources, applications, forms, and regions. On the basis of sources, the protein supplements market comprises of plant-based and animal-based among others. Based on applications, the protein supplement market is segmented into food, nutraceuticals, beverages, sports nutrition, and pharmaceuticals, among others. Based on forms, the protein supplement market is segmented into bars, powder, and liquids, among others. On the basis of regions, the protein supplement market is segmented into North America, APAC, Europe, and the rest of the world.

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Detailed Regional Analysis:
The regional assessment of the protein supplement market includes regions such as North America, APAC, Europe, and the rest of the world. The North American region is expected to preserve its control over the protein supplement market during the forecast period. The US is responsible for the chief market in the North American region and is one of the principal manufacturers and consumer of protein supplement globally. The Asia Pacific region is rising as one of the profitable markets for protein supplements and is projected to observe the highest progress rate through the forecast period from 2017 to 2023. The diversified consumer understanding about the advantage of protein supplements and their availability are some of the major driving forces that are motivating the market for protein supplements. Also, the mounting geriatric population alongside their increasing popularity is likely to amplify the demand for the protein supplement in the Asia Pacific region. The European region is another potential market for protein supplements. Nations such as France, Italy, Germany, Sweden, the U.K. Germany, and France are showing promising demand for protein supplements, which is additionally expected to carry on during the forecast period.

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This release was published on openPR.