Global Protein Supplement Market Study Analysis: Increasing Availability Of Protein Supplements Is Projected To Increase The Protein Supplement Market

The global Protein Supplement market is expected to grow from $ billion in 2020 to $ billion in 2028 at a CAGR of 13%. A healthy lifestyle is becoming a popular way of life to avoid health-related issues such as obesity, diabetes, and other diseases. There has been an increase in the number of health-conscious customers, which had propelled the demand for health-oriented products. Consumer expenditure on different types of protein supplements has surged over the years such as protein-based pediatric milk formulations, which is attributed to the increase in the disposable income of people. Protein supplements offer various health benefits such as the building of muscles, lowering blood pressure, reducing cholesterol, fighting cancer, increasing strength, and improving immunity. Protein supplements are consumed to add nutritional value to the diet. They aid in improving performance, physical fitness, and metabolism.

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Global Protein Supplement Drivers And Restrain:
The growing availability of protein supplements in retail stores is a significant factor driving the growth of the protein supplement market. Earlier, protein supplements were available only at a few select outlets, which includes fitness stores, drug stores, and specific retail outlets. The consistently increasing customer base has prompted retail stores such as hypermarkets and supermarkets to stock protein supplements abundantly, thereby increasing sales. In addition to this, the easy availability of protein supplements online has also contributed to the growth of the protein supplements market considerably. The growing demand for protein supplements is due to increasing health awareness and changing demographic factors surging the youth population in countries such as the US, China, India, Indonesia, among many others. Due to this factor, manufacturers have reinvented sports nutrition by fortifying their products with ingredients, which facilitate good health, fitness, and overall wellness. Therefore, the easy availability of protein supplements is a major factor responsible for driving the growth of the protein supplements market.

Protein supplements offer a wide variety of health benefits such as promoting weight loss and preserving more lean muscle, anti-cancer properties, lowering cholesterol by consuming whey protein, and improve the immune response of children suffering from asthma. The abundant health benefits provided by protein supplements are a major factor affecting the growth of the market. This is especially high in the case of whey protein, which is a rich source of amino acids. Manufacturers are therefore focusing more on whey protein compared to other types of protein supplements which contribute to the growth of the protein supplements market.

The major factor restraining the growth of the global protein supplements market includes the high prices of protein supplements. In addition to this, an overdose of protein supplements can cause nausea, headaches, acne stomach pains, cramps, reduced appetite, and fatigue. Hence, these factors inhibit the growth of the protein supplements market, and consumers, therefore, need to be mindful about their dosage.

Covid-19 Scenario:
• Impact on Market Size
• End-User Trend, Preferences, and Budget Impact
• Regulatory Framework/Government Policies
• Key Players Strategy to Tackle Negative Impact
• Opportunity Window

Global Protein Supplement Market Segments:
The global Protein Supplement market is further segmented into type, form, source, application, distribution channel, age group, and geography.
By Type: Casein, Whey Protein, Egg Protein, Soy Protein, and Others
By Form: Protein Powder, Ready to Drink Liquid and Protein Bars
By Source: Animal and Plant
By Application: Sports Nutrition and Functional Foods
By Distribution Channel: Hypermarket/ Supermarket, Online, Chemist/ Drugstore, Nutrition Store, Health Food Store, Specialist Sports Store, and Others
By Age Group: Millennials, Generation X and Baby Boomers

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa and South America)

North America dominates the protein supplement market due to the rapid increase in demand for sports nutritional supplements. In addition to this, the abundant supply of raw materials enables the key players in the region to conduct production on a large scale. The rising number of health-conscious customers, the constant growth of the US health & fitness industry, and the rising demand for healthy food additionally contribute to the growth of the protein supplement market in the North American region. The Asia Pacific is expected to witness the highest growth during the forecast period, which is attributed to rising costs of public healthcare systems, growing consumer focus on preventive healthcare, changing eating habits, and westernization of diet further contribute to the growth of the protein supplement market. Moreover, the penetration of organized retail and the increasing middle-class population also fuel the growth of the market. Furthermore, increasing willingness to spend money along with rising living standards aids the growth of the protein supplement market.

Key Players of Global Protein Supplement Market:
• Glanbia Plc
• AMCO Proteins
• Quest Nutrition
• NOW Foods
• The Nature's Bounty Co
• MusclePharm Corp
• Abbot
• Cyto Sport, Inc
• IOVATE Health Sciences International, Inc
• Transparent Labs

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Key Questioned Answered Through The Report:
• The Impact of COVID-19 on the global market
• What are the potential opportunities for new entrants in the global market
• What is the market Size and Forecast from 2020 to 2028?
• Key Players associated with the global Protein Supplement Market
• Value Chain Analysis of Global Protein Supplement Market
• What is the CAGR of the global Protein Supplement Market from 2021 to 2028
• Major Growth Factor, Challenges, Trends, and Opportunities in the global market
• Key outcomes of SWOT Analysis

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