Protein Supplements Market Segment Analysis By Source, Product, Distribution Channel, Application, Region And Forecast Till 2030 : Grand View Research Inc.

San Francisco, 15 March 2023: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Source (Animal-based, Plant-based), By Product (Protein Powder, Protein Bars, RTD), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2022 – 2030

The global protein supplements market size is expected to reach USD 10.80 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.0% from 2022 to 2030. The growing number of fitness centers on account of rising millennials’ interest in health and wellness is expected to drive market growth. The protein supplement manufacturing companies are primarily concentrated in Europe and North America owing to the abundant availability of raw materials. Increasing obesity rates in these regions are leading consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the demand for protein supplements in the upcoming years.

Protein supplement manufacturing requires high capital investments owing to the complex manufacturing process. The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (USDA) have laid regulations on product labeling and health claims, which makes it challenging for new market entrants. The established players are continuously working on increasing their production capacity to cater to the growing demand for protein supplements. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S. and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate in plant-based protein supplements. In March 2020, The Hut.com, which goes with the brand ‘My Protein’, launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. Similarly, in February 2020, InnovoPro launched chickpea protein concentrate for the ready-to-drink formula for vegan athletes.

The supermarkets segment is expected to expand with the highest CAGR from 2022-2030 during the forecast period. Supermarkets offer significant advantages to consumers, such as freedom of selection, lower prices, and increased visibility of international brands, which makes them a suitable platform for purchasing all types of protein supplements. These stores provide dedicated shelf spaces that offer a range of protein supplements.

Access Research Report of Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Protein Supplements Market Report Highlights

• Protein powders accounted for the largest share in 2021. Increasing demand for protein powder from sports enthusiasts, athletes, and fitness-conscious consumers is expected to drive the product demand over the forecast period
• Protein supplements sourced from animal-based protein led the market with the highest revenue share in 2021. The segment includes meat and dairy proteins, which are considered complete proteins owing to the presence of all essential amino acids
• Online stores held the largest revenue share in 2021, owing to the increasing consumer preference for online shopping and developing e-commerce portals across the globe
• The functional foodapplication segment is expected to expand at a significant CAGR from 2022 to 2030 owing to the growing consumer awareness regarding balanced nutrition, which is expected to drive the demand for protein supplements in the functional food application
• Asia Pacific is projected to grow at the fastest CAGR over the forecast period on account of the increasing spending on overall health, wellness, and the increasingly health-conscious population across China, India, Japan, and South Korea

List of Key Players in Protein Supplements Market

• Glanbia PLC
• MusclePharm Corporation
• Abbott Laboratories
• CytoSport, Inc.
• Iovate Health Sciences International Inc.
• QuestNutrition
• THE BOUNTIFUL COMPANY
• AMCO Proteins
• NOW Foods
• Transparent Labs
• WOODBOLT DISTRIBUTION LLC
• Dymatize Enterprises LLC
• com
• RSP Nutrition
• BPI Sports LLC
• International Dehydrated Foods, Inc.
• BRF
• Rousselot
• GELITA AG
• Hoogwegt

Access Press Release of Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-protein-supplements-market

Protein Supplements Market Outlook On The Basis Of Source, Product, Application, Distribution Channel, Region And Forecast From 2022 to 2030: Grand View Research Inc.

San Francisco, 28 Apr 2022: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Source (Animal-based, Plant-based), By Product (Protein Powder, Protein Bars), By Application, By Distribution Channel, By Region, And Segment Forecasts, 2021 – 2030

The global protein supplements market size is expected to reach USD 42.81 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.5% from 2021 to 2030. The growing number of fitness centers on account of rising millennials’ interest in health and wellness is expected to drive the market over the forecast period. The protein supplement manufacturing companies are primarily concentrated in Europe and North America owing to the abundant availability of raw materials. A higher rate of obesity in these regions is leading the consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the demand for protein supplements over the forecast period.

Protein supplement manufacturing requires high capital investments owing to the complex manufacturing process. The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (USDA) have laid regulations on product labeling and health claims, which challenges the new players in the global market. The established players are continuously working on increasing their production capacity to match the growing demand. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S. and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate in plant-based protein supplements. In March 2020, The Hut.com, which goes with the brand ‘My Protein’, launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. Similarly, in February 2020, InnovoPro launched chickpea protein concentrate for the ready-to-drink formula for vegan athletes.

The unprecedented outbreak of the COVID-19 pandemic has benefitted the market for protein supplements as consumers became more aware of the diet and individual health during this period. Additionally, the Chinese Center for Disease Control and Prevention (CDC) has issued nutrition guidelines, which includes a recommendation of the intake of approximately 150-200 grams of protein per day (around 1.5-2.0g /kg body weight/day) for patients affected by COVID-19 to boost immunity, thus resulting in the increased consumption of protein supplements.

Access Research Report of Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Protein Supplements Market Report Highlights

• By product, protein powder dominated the market in 2021. Increasing demand for protein powder from professional athletes, bodybuilders, and fitness enthusiasts is expected to drive the product demand over the forecast period
• Based on the source, animal-based protein supplements led the market with a revenue share of over 65.0% in 2021. The segment includes meat and dairy proteins, which are considered complete protein owing to the presence of all essential amino acids
• In terms of distribution channels, online stores held the largest revenue share in 2021 owing to the higher consumer preference for online shopping and developing e-commerce businesses around the world
• The functional food application segment is expected to expand at a CAGR of 8.1% from 2021 to 2030 owing to the growing consumer awareness regarding balanced nutrition, which is expected to drive the demand for protein supplements in the functional food application
• Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period on account of the rising disposable income levels and growing health-conscious population in the countries, like China, India, Japan, and South Korea

List of Key Players of Protein Supplements Market

• Glanbia PLC
• MusclePharm
• Abbott
• CytoSport, Inc.
• Iovate Health Sciences International Inc.
• QuestNutrition
• THE BOUNTIFUL COMPANY
• AMCO Proteins
• NOW Foods
• Transparent Labs
• WOODBOLT DISTRIBUTION LLC
• Dymatize Enterprises LLC
• com
• RSP Nutrition
• BPI Sports LLC
• International Dehydrated Foods, Inc.
• BRF
• Rousselot
• GELITA AG
• Hoogwegt

Access Press Release of Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-protein-supplements-market

Protein Supplements Market Expected To Witness A Substantial Growth Of USD 36.05 Billion By 2028: Grand View Research Inc.

San Francisco, 19 April 2021: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Source (Animal-based, Plant-based), By Product (Powder, RTD), By Distribution Channel (Online Stores, DTC), By Application, And Segment Forecasts, 2021 – 2028

The global protein supplements market size is expected to reach USD 36.05 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.4% over the forecast period. The growing number of fitness centers on account of rising consumer interest in health and wellness is expected to drive the market over the forecast period.

The manufacturers are primarily concentrated in the Europe and North America regions owing to the abundant availability of raw materials. Moreover, a higher number of obesity cases in these regions is leading the consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the product demand over the forecast period. The product manufacturing requires high capital investments owing to the complex manufacturing process.

The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (FDA) have laid regulations on product labeling and health claims, which challenges the new players in the global market. The established players are continuously working on increasing their production capacity to match the growing demand. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S., and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate plant-based products. In March 2020, The Hut.com launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. In February 2020, InnovoPro launched chickpea protein concentrate for the Ready-To-Drink (RTD) formula for vegan athletes.

The unprecedented outbreak of the Covid-19 pandemic has benefitted the market as consumers became more aware of the diet and individual health during this period. In addition, the Chinese Center for Disease Control and Prevention (CDC) has issued nutrition guidelines, which includes a recommendation of the intake of approximately 150-200 grams of protein per day (around 1.5-2.0g/kg body weight/day) for patients affected by Covid-19 to boost immunity, thus resulting in the increased product consumption.

Access Research Report of Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Protein Supplements Market Report Highlights

• The powder product segment dominated the market with a revenue share of over 63% in 2020
• Increasing demand for powdered products from professional athletes, bodybuilders and fitness enthusiasts is expected to drive the segment growth over the forecast period
• The animal-based products segment led the market in 2020. However, the plant-based segment is estimated to register the fastest growth rate from 2021 to 2028
• Distribution through online channels is expected to grow at the fastest CAGR of 8.7% over the forecast period
• This growth is credited to the rapidly expanding e-commerce sector around the world and rising consumer preference for online shopping
• The functional foods application is estimated to witness considerable growth owing to high product demand in functional foods as a result of rising consumer awareness about balanced nutrition
• Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 on account of the rising disposable income levels and growing health consciousness in countries like China, India, Japan, and South Korea

List of Key Players of Protein Supplements Market

• Glanbia plc
• MusclePharm
• Abbott
• CytoSport, Inc.
• Iovate Health Sciences International, Inc.
• QuestNutrition
• The Bountiful Company
• NOW Foods
• Transparent Labs
• Woodbolt Distribution LLC
• Dymatize Enterprises LLC
• RSP Nutrition
• BPI Sports LLC
• International Dehydrated Foods, Inc.
• BRF
• Rousselot
• Gelita AG
• Hoogwegt

Access Press Release of Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-protein-supplements-market

Protein Supplements Market Size Is Poised To Reach USD 36.05 Billion By 2028: Grand View Research Inc.

San Francisco, 17 March 2021: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Source (Animal-based, Plant-based), By Product (Powder, RTD), By Distribution Channel (Online Stores, DTC), By Application, And Segment Forecasts, 2021 – 2028

The global protein supplements market size is expected to reach USD 36.05 billion by 2028, according to a new report by Grand View Research, Inc., expanding at a CAGR of 8.4% over the forecast period. The growing number of fitness centers on account of rising consumer interest in health and wellness is expected to drive the market over the forecast period.

The manufacturers are primarily concentrated in the Europe and North America regions owing to the abundant availability of raw materials. Moreover, a higher number of obesity cases in these regions is leading the consumers to opt for a healthy lifestyle and eating habits, which is expected to increase the product demand over the forecast period. The product manufacturing requires high capital investments owing to the complex manufacturing process.

The European Food Safety Authority (EFSA) and the U.S. Food & Drug Administration (FDA) have laid regulations on product labeling and health claims, which challenges the new players in the global market. The established players are continuously working on increasing their production capacity to match the growing demand. For Instance, in October 2020, Glanbia PLC began the operation of its new facility producing cheese and whey in Michigan, U.S., and is capable of processing 3.6 million liters of milk per day.

The rising vegan population across the globe has compelled manufacturers to invest in R&D to innovate plant-based products. In March 2020, The Hut.com launched a new plant-based protein shake in the U.S. to capitalize on the increasing vegan population in the country. In February 2020, InnovoPro launched chickpea protein concentrate for the Ready-To-Drink (RTD) formula for vegan athletes.

The unprecedented outbreak of the Covid-19 pandemic has benefitted the market as consumers became more aware of the diet and individual health during this period. In addition, the Chinese Center for Disease Control and Prevention (CDC) has issued nutrition guidelines, which includes a recommendation of the intake of approximately 150-200 grams of protein per day (around 1.5-2.0g/kg body weight/day) for patients affected by Covid-19 to boost immunity, thus resulting in the increased product consumption.

Access Research Report of Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Protein Supplements Market Report Highlights

• The powder product segment dominated the market with a revenue share of over 63% in 2020
• Increasing demand for powdered products from professional athletes, bodybuilders and fitness enthusiasts is expected to drive the segment growth over the forecast period
• The animal-based products segment led the market in 2020. However, the plant-based segment is estimated to register the fastest growth rate from 2021 to 2028
• Distribution through online channels is expected to grow at the fastest CAGR of 8.7% over the forecast period
• This growth is credited to the rapidly expanding e-commerce sector around the world and rising consumer preference for online shopping
• The functional foods application is estimated to witness considerable growth owing to high product demand in functional foods as a result of rising consumer awareness about balanced nutrition
• Asia Pacific is projected to be the fastest-growing regional market from 2021 to 2028 on account of the rising disposable income levels and growing health consciousness in countries like China, India, Japan, and South Korea

List of Key Players of Protein Supplements Market

• Glanbia plc
• MusclePharm
• Abbott
• CytoSport, Inc.
• Iovate Health Sciences International, Inc.
• QuestNutrition
• The Bountiful Company
• NOW Foods
• Transparent Labs
• Woodbolt Distribution LLC
• Dymatize Enterprises LLC
• RSP Nutrition
• BPI Sports LLC
• International Dehydrated Foods, Inc.
• BRF
• Rousselot
• Gelita AG
• Hoogwegt

Access Press Release of Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-protein-supplements-market

Protein Supplements Market Size Is Projected To Reach USD 32.6 Billion By 2027: Grand View Research Inc.

San Francisco, 23 June 2020: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Product (Protein Powders, Protein Bars), By Source, By Distribution Channel, By Application, By Region, And Segment Forecasts, 2020 – 2027

The global protein supplements market is anticipated to a market size of USD 32.6 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 8.0% during the forecast period. Growing number of fitness centers, gyms, and health clubs signify the increasing inclination toward healthier lifestyle. Athletes, bodybuilders, and recreational users have been the traditional consumers over the past few years.

Rising health concerns among modern populace, due to various reasons such as sedentary lifestyle, ageing and imbalanced diet among others, are bound to increase the demand for protein supplements and  boost the growth of the market.

Rising urbanization and disposable income along with booming standard of living makes the larger populace capable to spend on healthy lifestyle, this makes protein supplements an important product to invest on.

Based on a study from the IHRSA, about 1 in 5 Americans belong to a health club or studio. It makes sense that as the number of health clubs and gyms has risen, so has the number of members. As the number of gym subscription rises, so is the demand for protein supplements in the market.

Protein supplements have a high consumption rate in sports nutrition segment. Consumption is expected to grow at a good rate which will lead to a big boost to the protein supplements market after the slowdown related to COVID 19 impact.

Access Research Report of Protein Supplements Market @ https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Recent Market Developments in Protein Supplements Market

• In February 2019, Glanbia has agreed to acquire Watson a non-dairy ingredient solutions business headquartered in Connecticut (US) for US$89 million (€78.65 million). Watson is presented as a highly complementary addition to Glanbia’s Nutritional Solutions business and will help broaden their capabilities in the ingredients sector.
• The Simply Good Foods Co., a developer and marketer of nutritional foods and snacks under the Atkins and Simply Protein brands, has agreed to acquire Quest Nutrition.

The acquisition of Quest strengthens Simply Good Foods’ position within the nutritional snacking category by expanding the portfolio of brands and product offerings while also providing the buyer with greater consumer and channel diversification.

• In September 2019, NOW Acquires SuperNutrition Brand

NOW expands supplement product lines with acquisition of SUPERNUTRITION high potency vitamin brand. NOW expects to expand the SuperNutrition line, while keeping the founder’s formulation principles and family business ethics.

Access Press Release of Protein Supplements Market @ https://www.grandviewresearch.com/press-release/global-protein-supplements-market