Protein Supplements Market 2020 Will Emerge Globally And Grow upto USD 23.3 Bn by 2027 | Know the COVID19 Impact

The Global Protein Supplements Market was valued at CAGR of 6.7% and is projected to reach a market size of US$ 22.3 Bn by 2026 .
The ripple effect of Coronavirus-COVID19 on the Protein Supplements Market needs to become part of strategy discussions to emerge strong. The Analyst team is meticulously tracking the impact and relevance to all the sectors in the Protein Supplements Market. Key data sets include Revenue Impact analysis, Disruptions and New opportunities in the Supply Chain, Revised Vendor Landscape Mix, New opportunities mapping, and more.

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Rising awareness about health and wellness, coupled with an increase in the number of fitness centres, is boosting the overall market growth of protein supplements. Further, a positive outlook towards sports nutrition on account of the rising importance of leading an active lifestyle, coupled with the increasing awareness about the benefits of protein, is resulting in a rise in demand for protein supplements products.

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Market Segmentation:
Following Top Key players are profiled in this Market Study:
Axis Communications, Bosch Security Systems Incorporation, Dahua Technology, Hangzhou Hikvision Digital Technology Limited, Panasonic, PELCO, Infinova, Honeywell Security Group, Avigilon Corporation, and FLIR Systems Inc., among others

By Application: Sports Nutrition, Functional Food

By different product types, the powder segment dominated the protein supplements market in 2018. A strong distribution channel and the increasing number of stand-alone mass-facing brands by several companies such as IOVATE, NBTY, and Glanbia, are expected to fuel the demand for protein powder. Further, increasing demand for these products from elite athletes, body builders, and consumers involved in physical activities is also a major factor driving the overall market growth of protein supplements.
However, the ready-to-drinks segment is expected to witness the fastest growth during the forecast period. Ready-to-drink protein supplements are basically pre-formulated drinks which can be consumed easily without the need for further preparation or mixing.

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Regional Analysis:
Glanbia Plc., Quest Nutrition, AMCO Proteins, Quest Nutrition, NOW Foods, NBTY, Inc., MusclePharm Corporation, Abbot Laboratories, Cyto Sport Inc., IOVATE Health Sciences International Inc., Transparent Labs, JYM Supplement Science, RSP Nutrition, Nutrabolt, Dymatize Enterprises LLC, BPI Sports, and LLC, among others

By Region:
In terms of different regions, North America dominated the market in 2018. The U.S and Canada are prominent markets in North America, owing to a rise in demand for protein supplements among consumers across the globe. Further, key players operating in the region have been benefitting from the abundant supply of raw materials, thereby resulting in an increase in protein supplements over the years. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. A shift in the consumption pattern of consumers and increasing focus on preventive healthcare are boosting the overall growth of the protein supplements market.

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