The report by Value Market Research on the Global Protein Supplements Market anticipates reaching CAGR of 6% during 2020-2026. The market was valued close to USD 17.4 BN in 2019 to is expected to reach USD 26 BN by 2026.Rising inclination towards healthy lifestyle among all health conscious people is expected to drive the growth of protein supplements over the forecasted period. Protein supplements are marketed based on several bases like sources of animal or plant. These are available in names of whey protein, soy protein, egg protein and casein. Whey protein serve as a popular sports supplements as it commences with the process of muscle protein synthesis thus fuelling the market growth.
Moreover, the online market is becoming the largest carrier channel segment to extend the consciousness about obesity and food sensitivity among world’s population. Ready to drink protein-based paediatric milk formulations are largely available owing to the enhancement of the growth. The extensive requirement of protein replacements for those turning vegan and vegetarian coupled with being a good substitution for some who are allergic to dairy products are the factors causing an increase in the demand. Great exaggeration of diet and malnutrition has accelerated the growth of this market. In addition to these, the spread of fitness centres and gyms like wildfires around the globe has led to a rigid foundation for the market intensification and increase in the protein product consumers at an alarming rate.
The initial sections of the report "Global Protein Supplements Market Report By Product (Protein Powder, Ready To Eat, Ready To Drink, And Others), Material (Whey, Casein, Egg, MPC, And Soy), Source (Animal And Plant), Distribution Channel (Supermarkets And Hypermarkets, Online Stores, Drug Stores, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2019-2026" starts with the introduction, a crisp market summary followed by detailed revenue analysis as per segments and regions. The market drivers responsible for pushing the market growth are discussed in length in the report. The protein supplements market opportunities elaborated in the report are useful to identify profit centres.
On the basis of product the report classifies the protein supplements market as protein powder, ready to eat, ready to drink and others. Protein powder is the leading product in demand as per the primary and secondary data collected in the report. Protein powders have a long shelf life and are very economical when compared to ready to eat and ready to drink, which has supported the segment growth. By material the report classifies protein supplements market whey, casein, egg, mpc and soy.
On the basis source the report classifies protein supplements market animal and plant. By distribution channel the report classifies protein supplements market supermarkets and hypermarkets, online stores, drug stores and others.
Geographically, the increasing number of athletes and health-conscious population is responsible for the North American regional market growth. High population count infected with obesity is also leading to high demand of protein supplements.
The Report Segments Global Protein Supplements Market -
By Distribution Channel
Players Profiled In the Report:
Abbott, AMCO Proteins, Glanbia plc, Hormel Foods Corporation, MusclePharm Corp, NOW Foods, Post Holdings, Inc., QuestNutrition, RSP NUTRITION, and Transparent Labs.
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