DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global protein supplements market is anticipated to a market size of USD 32.6 billion by 2027. It is expected to exhibit a CAGR of 8.0% during the forecast period.
Increasing busy lifestyle has been leading to the growing consumption of packaged nutritional foods, such as protein bars and drinks. In addition, rising obesity concerns along with increased preference for protein-rich products to maintain health has been a key factor augmenting the product demand. The rising number of fitness enthusiasts and gym subscriptions, especially in emerging regions, such as Asia Pacific, is leading to a higher demand for protein powder to build muscles.
The plant-based protein supplements segment is expected to be the fastest growing source over the forecast period. Rising preference for plant-based diets, owing to an increasing number of individuals turning vegan, vegetarian or flexitarian is expected to drive the product demand. In addition, ascending demand for vegan and vegetarian products that provide quality nutrition without having to rely on dairy or meat products coupled with innovations in substitutes is expected to open up new growth avenues in near future.
Asia Pacific is anticipated to register the fastest growth over the forecast period. Factors, such as rising population, and urbanization along with increased disposable income of middle class are expected to drive the regional growth. Personal ownership of wellness and health on account of growing cost of medical care and concerns regarding public health care systems and changing consumption pattern from traditional to convenient to adapt to busy lifestyles are expected to further fuel the growth.
Further key findings from the report suggest:
- Animal protein supplement accounted for a market share of 67.9% in terms of revenue in 2019, owing to high popularity of whey protein supplements among athletes and bodybuilders as it contains all nine essential amino acids
- The plant-based protein segment is anticipated to expand at a CAGR of 8.8% from 2020 to 2027 and is projected to reach USD 11.05 billion in 2027. Increasing incorporation of various sources, such as soy, pea, and spirulina is majorly driving the segment growth
- Asia Pacific is estimated to expand at a CAGR of 8.6% from 2020 to 2027 on account of expanding middle class population, penetration of e-retaining, and gym and sports club memberships
- The protein supplement market is characterized by accreditation of the product, capacity expansion, capital expansion, and substantial investment decisions to improve the market share of manufacturers
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Protein Supplements Market Variables, Trends, & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Major Raw Material Trends
3.3.2. Manufacturing Trends
3.4. Technology Overview
3.5. Sales Channel Analysis
3.6. Profit Margin Analysis
3.7. Regulatory Framework
3.8. Protein Supplements Market - Market dynamics
3.8.1. Market driver Analysis
3.8.2. Market Restraint Analysis
3.8.3. Industry Challenges
3.9. Business Environment Analysis: Protein Supplements Market
3.9.1. Industry Analysis - Porter's
3.9.2. PESTEL Analysis
3.9.3. Major Deals & Strategic Alliances Analysis
3.9.3.1. Joint Ventures
3.9.3.2. Mergers & Acquisitions
3.10. Market Entry Strategies
Chapter 4. Protein Supplements Market: Source Estimates & Trend Analysis
4.1. Protein Supplements: Source movement analysis, 2019 & 2027
4.2. Animal-based
4.2.1. Market estimates and forecasts, 2016 - 2027 (USD Million)
4.2.2. Whey
4.2.3. Casein
4.2.4. Egg
4.2.5. Fish
4.2.6. Others
4.3. Plant-based
4.3.2. Soy
4.3.3. Spirulina
4.3.4. Pumpkin Seed
4.3.5. Hemp
4.3.6. Rice
4.3.7. Pea
4.3.8. Others
Chapter 5. Protein Supplements Market: Product Estimates & Trend Analysis
5.1. Protein Supplements: Product movement analysis, 2019 & 2027
5.2. Protein Powder
5.3. Protein Bars
5.4. RTD
5.5. Others
Chapter 6. Protein Supplements Market: Application Estimates & Trend Analysis
6.1. Protein Supplements: Application movement analysis, 2019 & 2027
6.2. Sports Nutrition
6.3. Functional Foods
Chapter 7. Protein Supplements Market: Distribution Channel Estimates & Trend Analysis
7.1. Protein Supplements: Distribution channel movement analysis, 2019 & 2027
7.2. Supermarket
7.3. Online Stores
7.4. DTC
7.5. Others
Chapter 8. Protein Supplements: Regional Estimates & Trend Analysis
8.1. SWOT Analysis
8.2. Protein Supplements: Regional movement analysis, 2019 & 2027
8.3. North America
8.4. Europe
8.5. Asia Pacific
8.6. Central & South America
8.7. Middle East & Africa
Chapter 9. Protein Supplements Market: Competitive Analysis
9.1. Key Global Players, Their Initiatives, & Their Impact on the Market
9.2. Participant Categorization
9.3. Vendor Landscape
9.3.1. Key company market ranking analysis, 2019
9.4. Public Companies
9.4.1. Company Market Position Analysis
9.4.2. Competitive Dashboard Analysis
9.4.3. SWOT Analysis
9.5. Private Companies
9.5.1. Innovators/Emerging Company
9.5.2. Geographical Presence
9.5.3. Company market position analysis
Chapter 10. Company Profiles
10.1. Glanbia plc
10.2. MusclePharm Corporation
10.3. Abbott Laboratories
10.4. CytoSport, Inc
10.5. IOVATE Health Sciences International, Inc.
10.6. Quest Nutrition
10.7. The Nature's Bounty Co.
10.8. AMCO proteins
10.9. NOW Foods
10.10. Transparent Labs
10.11. Nutrabolt
10.12. Dymatize Enterprises LLC
10.13. JYM Supplement Science
10.14. RSP Nutrition
10.15. BPI Sports LLC
10.16. International Dehydrated Foods, Inc.
10.17. BRF Ingredients
10.18. Rousselot, Inc.
10.19. GELITA AG
10.20. Havero Hoogwegt BV
For more information about this report visit https://www.researchandmarkets.com/r/4dk93b
