Global Protein supplements Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

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Protein supplements market : Segmented by Type (Casein, Whey Protein, Egg Protein, Soy Protein Others); By (Form, Powder, RTD Liquid, Protein Bars); By Source (Animal, Plant); By Distribution Channel (Supermarkets, Online Stores, Direct to Customers (DTC), Others) and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030

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Description

Protein supplements Market

Protein supplements market to surpass USD 41.84 billion by 2030 from USD 18.91 billion in 2020 at a CAGR of 8.27% in the coming years, i.e., 2021-30.

Product Overview
Protein is an important nutrient and the body’s second most abundant component after water. Protein supplements are concentrated protein sources derived from animals or plants, such as dairy, eggs, wheat, soybean, pea, and others. Powders, bars, and ready-to-drink (RTD) beverages are the three most common forms they take. Protein powder is a popular protein supplement that comes in a variety of forms, including protein concentrates, isolates, and hydrolysates. These items are used by people who want to gain muscle, maintain their body mass, or reduce weight. People also use protein supplements to get the energy and vitamins they need during intense workouts, as well as to make up for the minerals and vitamins they lose when they eat less.

Market Highlights
Protein supplements market is expected to project a notable CAGR of 8.27% in 2030
Due to the rising adoption of healthier, more active lifestyles, the market size is anticipated to rise significantly during the forecast period. More individuals are pursuing appropriate nutrition levels as a result of increased engagement in fitness and sports activities, fueling demand for health and muscle-building products.
Recent highlights in the Protein supplements market
In April 2021, Eligo Bioscience and GlaxoSmithKline have formed a research collaboration. Eligobiotics’ acne vulgaris therapy uses cutting-edge CRISPR-based therapeutic technology. This strategic partnership is anticipated to speed up research and development operations, giving the firm a competitive advantage.
In 2019, PlantFuel, a plant-based nutritional supplement company, has signed a retail distribution agreement with GNC to deliver its products to over 2,300 GNC locations as well as the company’s website.

Protein supplements market: Segments
Whey protein segment to grow with the highest CAGR during 2020-30
Protein supplements market is segmented by Type into casein, whey, egg, soy, and others. Among these, the whey category is expected to hold the highest CAGR in the forecast period. Whey protein has long been popular among athletes and bodybuilders since it aids in general body growth and muscle growth. The surge in demand for sports nutrition products, as well as the value-added tag of clean label components, are the two primary drivers driving the market’s overall growth.
Male segment to grow with the highest CAGR during 2020-30
Protein supplements market is segmented by Gender into Male and Female. Among these, the male category is expected to continue holding the highest CAGR in the forecast period. When it comes to health and nutrition, the male category is the most performance-oriented. Protein nutrition is sought by males in order to improve their performance. To support their high-intensity activity or workout, the male sector seeks additional power and energy. As a result, males consider having both pre and post-workout supplementation.

Market Dynamics
Drivers
High demand among youngsters
The increased proclivity of younger generations, particularly millennials, for balanced meals and healthy consumption is one of the main factors driving the protein supplement industry’s rise. Millennials are much more health-conscious and aware, which has resulted in a huge increase in dietary supplement usage among them.
Increasing disposable income of consumers
Due to rising disposable income and improved financial stability, consumer spending on different protein and associated supplements, including ready-to-drink protein-based pediatric milk formulas, has increased in recent years. Due to increased health care awareness, weight worries, and the capacity to spend on different things such as protein bars and other supplements, people are projected to spend on these products and driving the market growth.
Restraint
Availability of cost-effective alternatives
cost-effective local products like ayurvedic supplements are available in the market which is restricting the overall growth of the market.

Protein supplements market: Key Players
Glanbia plc
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
MusclePharm
Abbott
CytoSport, Inc.
Iovate Health Sciences International, Inc.
QuestNutrition
The Bountiful Company
NOW Foods
Transparent Labs
Woodbolt Distribution LLC
Dymatize Enterprises LLC

Protein supplements market: Regions
Protein supplements market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Protein supplements market in North America held the largest market share in the year 2019 and is expected to continue the dominance over the forecast period. This is due to the growing trend of healthy living in the region, along with rising healthcare expenses, which has contributed in the growth and acceptance of the protein supplement market. Consumers are currently adopting the vegan trend, which has resulted in a surge in demand for plant-based proteins, contributing significantly to the market’s overall growth.
Protein supplements market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – China, Japan, Australia, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Protein supplements market report also contains analysis on:
Protein supplements Segments:
By Type
Casein
Whey Protein
Egg Protein
Soy Protein
Others
By Gender
Male
Female
By Source
Animal
Plant
By Distribution Channel
Supermarkets
Online Stores
Direct to Customers (DTC)
Others
Protein supplements Market Dynamics
Protein supplements Market Size
Supply & Demand
Current Market Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints

Protein supplements market Report Scope and Segmentation

Report Attribute Details
Market size value in 2021 USD 20.46 billion
Revenue forecast in 2030 USD 41.84 billion
Growth Rate CAGR of 8.27% from 2021 to 2030
Base year for estimation 2020
Quantitative units Revenue in USD billion and CAGR from 2021 to 2030
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, Gender, Source, Distribution channel, and Region
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa (MEA)
Key companies profiled 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, and Other Prominent Players.

Frequently Asked Questions
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Additional information

Publisher

Geography Covered

Date Published

,

Pages

Format

Table of Contents

Contents
1. Executive Summary
2. Protein supplements market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
6.1. Growth Drivers
6.2. Restraints
6.3. Opportunity
6.4. Trends
7. Correlation & Regression Analysis
7.1. Correlation Matrix
7.2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Protein supplements Market Analysis
10.1. Porters Five Forces
10.1.1. Threat of New Entrants
10.1.2. Bargaining Power of Suppliers
10.1.3. Threat of Substitutes
10.1.4. Rivalry
10.2. PEST Analysis
10.2.1. Political
10.2.2. Economic
10.2.3. Social
10.2.4. Technological
11. Protein supplements Market
11.1. Market Size & forecast, 2020A-2030F
11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Protein supplements Market: Market Segmentation
12.1. By Regions
12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.2. Europe: (Germany, UK, France, Italy, Spain, and Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.3. Asia-Pacific: (China, India, Japan, Australia and Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.4. Latin America: (Brazil, Mexico, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.1.5. Middle East and Africa, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2. By Type: Market Share (2020-2030F)
12.2.1. Casein, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.2. Whey Protein, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.3. Egg Protein, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.4. Soy protein, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.2.5. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3. By Gender: Market Share (2020-2030F)
12.3.1. Male, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.3.2. Female, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4. By Source: Market Share (2020-2030F)
12.4.1. Animal, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.4.2. Plant, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5. By Distribution Channel: Market Share (2020-2030F)
12.5.1. Inflammatory Acne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.5.2. Non-Inflammatory Acne, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6. By Distribution Channel: Market Share (2020-2030F)
12.6.1. Supermarkets, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6.2. Online stores, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6.3. DTC, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12.6.4. Others, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
13. Company Profile
13.1. Glanbia plc
13.1.1. Company Overview
13.1.2. Company Total Revenue (Financials)
13.1.3. Market Potential
13.1.4. Global Presence
13.1.5. Key Performance Indicators
13.1.6. SWOT Analysis
13.1.7. Product Launch
13.2. MusclePharm
13.3. Abbott
13.4. CytoSport, Inc.
13.5. Iovate Health Sciences International, Inc.
13.6. QuestNutrition
13.7. The Bountiful Company
13.8. NOW Foods
13.9. Transparent Labs
13.10. Woodbolt Distribution LLC
13.11. Dymatize Enterprises LLC
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

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