Press release
Protein Supplements Market Performance and Strategic Outlook Review 2024 - 2031 | Mondelez Company, Meiji Holdings Co Ltd.
Protein Supplements Market
The global protein supplements market was valued at US$ 25.54 Bn in 2022 and is forecast to reach a value of US$ 46.56 Bn by 2030 at a CAGR of 7.9% between 2023 and 2030.
Market Dynamics:
The protein supplements market is expected to witness significant growth due to increased consumer preference for healthy lifestyle and regular physical exercise. Consumers are focusing more on building muscles and controlling weight through consumption of protein rich diet and supplements. Furthermore, rising awareness about benefits of protein in muscle building and weight management through various social media platforms and e-commerce websites is a major factor driving the growth of protein supplements market. Easy availability through retail chains and online stores along with product innovations catering to specific needs of population such as vegetarians has further propelled the demand.
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Focus on Fitness and wellness driving the protein supplements market
The growing health and fitness trends across the globe have fueled the demand for protein supplements. People are becoming more conscious about maintaining a healthy lifestyle and proper nutrition. Protein plays a vital role in building muscles and maintaining overall health. With busy schedules, many find it difficult to fulfill daily protein requirements through regular diet alone. This has accelerated the sales of protein powders and other supplements which provide a convenient way to supplement protein intake. The fitness industry has also grown multi-fold in the past decade with more gyms, health clubs and yoga centers promoting active lifestyles. Several celebrities and athletes openly discussing benefits of protein is positively influencing the masses to include supplements in their routine.
Shift towards healthy snacking presents opportunities
The booming healthy snacking market represents a substantial opportunity. Busy lifestyles have increased the demand for convenient, portable food and beverage options that provide satiety along with nutrition. Protein is gaining prominence as an essential macronutrient for snacks. Products like protein bars, crisps and bites are convenient to carry while traveling or to grab between meals. Their protein content acts as a filling addition while curbing cravings. This has spurred investments in formulating protein-enriched versions of popular snacks. Sports nutrition and energy food segments are other avenues ripe for exploiting. Protein fortification helps address the need for foods that boost endurance and recovery amidst hectic schedules.
Personalization driving innovations in delivery and formulations
Customer focus on customization as per specific goals and taste preferences stands out as a notable trend. Personal trainers and coaches extensively use different protein types and timings to suit training routines of athletes and bodybuilders. People are willing to experiment beyond basic whey or casein and try blends, cross-flows or hydrolysates. Growth of D2C brands catering to niche requirements with transparent sourcing is on the rise. Technology is enhancing ability to micro-dose supplements and deliver via formats like, bites or drinks for varied lifestyles. Personalized subscription models ensure users get recipes and formulations matched to their profiles. This fine-tuning will see more relevant products catering to versatile target segments in future.
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Top Companies Featured in This Report:
★ Mondelez Company
★ Meiji Holdings Co Ltd.
★ Quest Nutrition LLC
★ MusclePharm Corporation
★ Post Holdings Inc.
★ Nestlé SA
★ Abbott Laboratories
★ Scitec Nutrition
★ The Hut Group
★ Glanbia PLC
★ Weider Global Nutrition LLC
★ Iovate Health Sciences International Inc.
★ among others.
Market Segmentation:
By Product Type:
★ By Form: Powders, Bars, Ready to Drink (RTD), and Other Forms
★ By Source: Animal-based and Plant-based
★ By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Retail Stores, Gym & Health Clubs and Spas, and Other Distribution Channels
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
Trends in Navigation Keyword Market:
Increasing Demand: Notice a surge in demand for navigation keywords due to the widespread adoption of GPS-enabled devices and the need for precise mapping data.
Technological Innovations: Witness innovative breakthroughs enhancing the accuracy and reliability of navigation keywords, such as real-time traffic updates, 3D mapping, and augmented reality.
Tailored Solutions: Explore industry-specific navigation keyword solutions designed to meet the unique needs of automotive, aviation, and maritime sectors.
Integration with Advanced Technologies: Embrace the integration of navigation keywords with cutting-edge technologies like artificial intelligence and the Internet of Things, unlocking advanced functionalities.
Mobile Applications: Embrace the convenience and accessibility of navigation keywords through mobile applications, catering to the evolving needs of consumers.
Environmental Sustainability: Embrace environmentally conscious navigation keyword solutions that address issues like traffic congestion and air quality, promoting sustainable transportation options.
Report Highlights:
📈 Examination of navigation keyword market share at both country and regional levels
📈 Thorough analysis of the competitive landscape and emerging trends
📈 Detailed review of product advancements, technological developments, drivers, and limitations
📈 Strategic recommendations tailored for key business segments based on market insights
📈 Valuable guidance for newcomers venturing into the navigation keyword market
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
(LinkedIn: https://www.linkedin.com/in/alice-mutum-3b247b137 )
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