Press release
Powering Fitness: Protein Supplements Market Reveals Demand, Key Trends, and Growth Strategies || Nestle SA, Abbott Laboratories, GlaxoSmithKline plc, Mondelez International Inc., ABB Ltd
Protein Supplements Global Market Report 2024
The Business Research Company offers in-depth market insights through Protein Supplements Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The protein supplements market size has grown strongly in recent years. It will grow from $20.39 billion in 2023 to $22.25 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to increasing fitness and health consciousness, growing awareness of protein benefits, expanding sports nutrition industry, changing dietary habits and nutrition trends, product innovation and diverse offerings.
The protein supplements market size is expected to see rapid growth in the next few years. It will grow to $33.24 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to continued focus on health and wellness, rising adoption of plant-based diets, e-commerce expansion and direct-to-consumer models, personalization and targeted nutrition, integration of protein supplements in everyday diets. Major trends in the forecast period include innovations in textures and formats, sports nutrition and performance enhancement, rise of collagen supplements, brand transparency and trust, social media influence on marketing.
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Market Segmentation:
The protein supplements market covered in this report is segmented -
1) By Type: Protein Powder, Protein Bar, Ready to Drink
2) By Source: Plant-based, Animal-based
3) By Raw Material: Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, Soy Protein Supplements
4) By Distribution Channel: Supermarkets & Hypermarkets, Online Stores, Drug Stores
Competitive Landscape:
Major companies operating in the protein supplements market report are Nestle SA, Abbott Laboratories, GlaxoSmithKline plc, Mondelez International Inc., ABB Ltd., Kerry Group plc, Amway Corporation, Meiji Holdings Company Ltd., Glanbia plc, Post Holdings Inc., Herbalife International of America Inc., The Hut Group plc, The Himalaya Drug Company, The Nature's Bounty Co, NOW Health Group Inc., BPI Sports LLC., Scitec Nutrition Ltd., Quest Nutrition LLC, Nature's Best Isopure, thinkThin Inc., Reliance Vitamin Company Inc., MuscleTech Research and Development Inc., CytoSport Inc., Weider Global Nutrition LLC, Dymatize Enterprises LLC, MusclePharm Corporation, RSP Nutrition, Optimum Nutrition Inc., Amazing Grass LLC, Bank Simpanan Nasional, Cellucor Nutrition, Professional Supplements, Redcon1 LLC, Rule One Proteins LLC, Universal Nutrition, Vega Industries Private Limited, Garden of Life LLC, Sun Brothers LLC, Naked Nutrition
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Top Trend - Innovation Blooms With Plant-Based Protein Supplements In The Market
Major companies operating in the protein supplements market are developing new products such as plant-based protein supplements to gain a competitive edge in the market. Plant-based protein supplements are s derived from plant sources, such as peas, rice, soy, hemp, or other plant-based ingredients, providing a concentrated and convenient form of protein for individuals seeking alternatives to animal-based protein sources. For instance, in July 2022, Dymatize, a US-based nutritional supplements company, launched the Complete Plant Protein, a high-performing powder powered by five plant-based sources, ensuring a complete amino acid profile for maximum protein delivery pre- or post-workout. With 25 grams of protein per serving, 160 calories or less, and 0 grams of sugar, this vegan powerhouse comes in Creamy Chocolate and Smooth Vanilla flavors, offering a deliciously unique and versatile option without artificial colors or sweeteners, soy, or dairy ingredients. It offers fitness enthusiasts a clean and delicious option to support their muscle recovery and challenging fitness goals.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Protein Supplements Market Characteristics
3. Protein Supplements Market Trends And Strategies
4. Protein Supplements Market - Macro Economic Scenario
5. Protein Supplements Market Size And Growth
…..
27. Protein Supplements Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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