Protein Supplements Market Poised for Remarkable Growth, set to Reach USD 55.32 billion by 2032 with a CAGR of 8.81%

The global protein supplements market size was USD 26.10 billion in 2023. The market is projected to grow from USD 28.15 billion in 2024 to USD 55.32 billion by 2032 at a CAGR of 8.81% during the forecast period (2024-2032).

The market is anticipated to be driven by the surging demand for protein bars, RTD, and powders among bodybuilders, elite athletes, and casual exercisers. Additionally, changing lifestyles contribute to the rising consumption of dried fruit snacks, driving growth in this segment over the forecast period. Fortune Business Insights presents this information in their report titled "Global Protein Supplements Market, 2024-2032."

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/protein-supplements-market-106511

𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Glanbia Plc (Ireland)
• MusclePharm (U.S.)
• Abbott (U.S.)
• CytoSport, Inc. (U.S.)
• Quest Nutrition (U.S.)
• The Bountiful Company (U.S.)
• The Himalaya Drug Company (India)
• NOW Foods (U.S.)
• RSP Nutrition (U.S.)
• BPI Sports LLC. (U.S.)

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:
𝐑𝐢𝐬𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐀𝐧𝐢𝐦𝐚𝐥 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐃𝐫𝐢𝐯𝐞𝐧 𝐛𝐲 𝐇𝐞𝐚𝐥𝐭𝐡 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐚𝐧𝐝 𝐒𝐜𝐢𝐞𝐧𝐭𝐢𝐟𝐢𝐜 𝐒𝐮𝐩𝐩𝐨𝐫𝐭
By source, the market is divided into animal-based, plant-based, and others. The demand for animal protein supplements is projected to grow substantially in the coming years due to compelling scientific research supporting their health benefits. Whey proteins, for instance, boost immunity, improve nutritional status, and raise glutathione (GSH) levels in cancer patients undergoing chemotherapy.

𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐏𝐨𝐰𝐝𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐮𝐫𝐠𝐞𝐬 𝐰𝐢𝐭𝐡 𝐒𝐭𝐫𝐨𝐧𝐠 𝐎𝐧𝐥𝐢𝐧𝐞 𝐒𝐚𝐥𝐞𝐬 𝐚𝐧𝐝 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥𝐬
By product, the market is segmented into protein powder, RTD, protein bars, and others. Protein powder claimed the largest market share at 55.86% in 2022, driven by robust online sales and widespread distribution channels. Key industry players like Glanbia, Nature's Bounty Co., and Iovate Health Sciences International Inc. are anticipated to further stimulate the protein powder market.

𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐚𝐧𝐝 𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐃𝐫𝐢𝐯𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐒𝐚𝐥𝐞𝐬 𝐭𝐡𝐫𝐨𝐮𝐠𝐡 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐋𝐚𝐛𝐞𝐥 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬
By distribution channel, the market is divided into supermarkets and hypermarkets, pharmacies/drug stores, online retail, and others. In 2022, supermarkets and hypermarkets established themselves as the leading product category. Prominent retailers in the U.S., such as Walmart, are actively investing in private-label varieties to encourage the consumption of protein products.

Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

𝐀𝐬𝐤 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/protein-supplements-market-106511

𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞:
𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐨𝐟𝐟𝐞𝐫𝐬:
• Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
• Comprehensive insights into regional developments.
• List of major industry players.
• Key strategies adopted by the market players.
• Latest industry developments include product launches, partnerships, mergers, and acquisitions.

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 & 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬:
𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 𝐚𝐧𝐝 𝐍𝐨𝐯𝐞𝐥 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐁𝐨𝐨𝐬𝐭 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬

Government agencies, NGOs, and companies run several campaigns to raise awareness among consumers about protein supplements and their benefits. Attributed to control release and minimal use of ingredients micro-encapsulation and nano-encapsulation technologies have become increasingly popular in recent years. However, the high cost associated with the production of supplements and fluctuation in raw material prices may impede the protein supplements market growth.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐝𝐮𝐞 𝐭𝐨 𝐇𝐢𝐠𝐡 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐧𝐚𝐜𝐤𝐬

North America dominates the market due to increasing awareness of fitness among consumers in Canada, the U.S., and Mexico. Millennials' rising consumption of protein bars and cookies is anticipated to increase the protein supplements market share in the region.
The Europe market is expected to grow due to the growing demand for functional foods.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/protein-supplements-market-106511

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐢𝐞𝐬 𝐂𝐚𝐭𝐞𝐫𝐢𝐧𝐠 𝐭𝐨 𝐆𝐥𝐨𝐛𝐚𝐥 𝐃𝐞𝐦𝐚𝐧𝐝

Prominent players in the industry include Muscle Pharm, RSP Nutrition, Glanbia Plc, and BRF. Due to the presence of a few regional and recognized companies, the market is consolidated. To cater to global demands, these companies are focused on increasing their manufacturing capabilities.

𝐑𝐞𝐚𝐝 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐍𝐞𝐰𝐬:
Plant-Based Protein Supplements Market: https://www.fortunebusinessinsights.com/industry-reports/plant-based-protein-supplements-market-100082
Dietary Supplements Market: https://www.fortunebusinessinsights.com/dietary-supplements-market-102082
Herbal Food Supplements Market: https://www.fortunebusinessinsights.com/herbal-food-supplements-market-102274

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

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This release was published on openPR.