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Protein Powder Market Research Report, Key Insights , Growth Strategies, Major Players Forecast To 2032
Protein Powder Global Market
The Business Research Company's Protein Powder Global Market Report 2023 identifies rising number of fitness enthusiasts as the major driver for the Protein Powder market's growth in the forecast period. Fitness enthusiasts are people who are committed to their physical well-being and who care about their food, viewing it as a vital component of their overall well-being. Fitness enthusiasts use protein powder to aid weight loss and help tone their muscles, thus, an increase in fitness enthusiasts will propel market growth.
The global protein powder market size is expected to grow from $23.62 billion in 2022 to $25.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global protein powder market size is expected to grow to $32.76 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the Protein Powder market are Omega Protein Corporation, Amway Corp., Abbott Laboratories, Glanbia Plc., Herbalife International of America Inc., Vitaco Health Limited.
A key trend in the Protein Powder market includes Product innovations. Major companies operating in the protein powder market are focused on developing new innovative solutions to strengthen their position in the market.
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The Protein Powder market is segmented -
1) By Type: Casein Protein, Whey Protein, Egg Protein, Soy Protein
2) By Flavor: Chocolate, Cookies And Cream, Vanilla, Strawberry, Other Flavors
3) By Sources: Plant Sources, Animal Sources
4) By Distribution Channel: Nutrition Stores, Supermarkets, Chemists, Online, Other Channels
5) By End Use: Dietary Supplements, Food and Beverages, Pharmaceuticals, Other Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Protein Powder market.
The Business Research Company's "Global Protein Powder Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Protein Powder Market Include:
1. Executive Summary
2. Protein Powder Market Characteristics
3. Protein Powder Market Trends And Strategies
4. Protein Powder Market - Macro Economic Scenario
5. Protein Powder Market Size And Growth
……
27. Protein Powder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protein Powder Market
29. Protein Powder Market Future Outlook And Potential Analysis
30. Appendix
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