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Global Protein Supplements Market: By Source: Animal Based, Plant Based; By Form: Powder, Bars, Ready-to-Drink, Others; By Application: Sports Nutrition, Functional Food, Others; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Protein Supplements Market Outlook
The global protein supplements market reached a value of nearly USD 19 billion in 2020. The industry is further expected to grow at a CAGR of 8% in the forecast period of 2022-2027 to reach a value of nearly USD 31 billion by 2026.
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North America to be a Significant Regional Market for Protein Supplements
North America was a major regional market in the protein supplements industry, accounting for a significant proportion of global sales of the product in 2020. Due to high customer awareness of health and wellness, as well as knowledge of the product benefits, the region will maintain its dominant role in the market over the forecast period. Europe is also expected to be a major market for protein supplements. Consumer demand in the area is expected to be driven by an increased focus on a healthier lifestyle, as well as higher disposable income.
Over the forecast period, the Asia Pacific is expected to be one of the fastest-growing regional markets. Modernisation and the rising demand for on-the-go snacking options in emerging economies like China and India, along with a growing fitness trend, are driving the product demand in the Asia Pacific region. Changing consumer lifestyles as a result of the rising disposable income levels are also expected to fuel the industry growth in the Asia Pacific.
Protein Supplements: Industry Definition and Segmentation
Protein supplements are concentrated protein sources derived from animals or plants, such as dairy, poultry, wheat, soybean, pea, and others. They are usually available as powders, bars, and ready-to-drink (RTD) liquids.
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By source, the market can be segmented into:
- Animal Based
- Casein
- Whey Protein
- Egg Protein
- Fish Protein Supplements
- Others
- Plant Based
- Soy Protein
- Pea Protein
- Pumpkin Seed Protein
- Others
Based on form, the industry is divided into:
- Powder
- Bars
- Ready-to-Drink
- Others
On the basis of application, the market is segmented into:
- Sports Nutrition
- Functional Food
- Others
By distribution channel, the market is categorised into:
- Supermarkets and Hypermarkets
- Drugstore
- Nutrition Store
- Online
- Others
The regional markets for protein supplements can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increased Health Awareness Among People to Bolster the Growth of the Global Market for Protein Supplements
The protein supplements industry is gaining traction as a result of growing health awareness and an increase in the number of fitness centres around the world. Over the forecast period, the rising product popularity among millennials, combined with their desire to improve their health through a well-balanced diet, is expected to drive up the demand for protein supplements. Due to shifting lifestyles, people are becoming more reliant on supplements to meet their regular nutritional needs, which is expected to boost the product demand further. The consumer awareness of food supplements is also expected to grow, as is the availability of world-class athletics and fitness infrastructure, high disposable incomes, and a favourable government outlook. These factors are expected to support the growth of the market in the coming years.
Following the COVID-19 pandemic outbreak, the demand for ready-to-drink (RTD) protein shakes increased dramatically as people started taking more protein supplements to support their immune systems. This trend is expected to persist in the forecast period as well.
Key Industry Players in the Global Protein Supplements Market
The report gives a detailed analysis of the following key players in the global protein supplements market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Glanbia PLC
- Nestlé S.A.
- lovate Health Sciences International Inc.
- The Hut.com Limited
- Ultimate Nutrition Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Source, Form, Application, Distribution Channel, Region |
| Breakup by Source | Animal Based, Plant Based |
| Breakup by Form | Powder, Bars, Ready-to-Drink, Others |
| Breakup by Application | Sports Nutrition, Functional Food, Others |
| Breakup by Distribution Channel | Supermarkets and Hypermarkets, Drugstore, Nutrition Store, Online, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Glanbia PLC, Nestlé S.A., lovate Health Sciences International Inc., The Hut.com Limited, Ultimate Nutrition Inc., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Protein Supplements Market Analysis
8.1 Key Industry Highlights
8.2 Global Protein Supplements Historical Market (2017-2021)
8.3 Global Protein Supplements Market Forecast (2022-2027)
8.4 Global Protein Supplements Market by Source
8.4.1 Animal Based
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.1.4 Breakup by Type
8.4.1.4.1 Casein
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2017-2021)
8.4.1.4.1.3 Forecast Trend (2022-2027)
8.4.1.4.2 Whey Protein
8.4.1.4.2.1 Market Share
8.4.1.4.2.2 Historical Trend (2017-2021)
8.4.1.4.2.3 Forecast Trend (2022-2027)
8.4.1.4.3 Egg Protein
8.4.1.4.3.1 Market Share
8.4.1.4.3.2 Historical Trend (2017-2021)
8.4.1.4.3.3 Forecast Trend (2022-2027)
8.4.1.4.4 Fish Protein Supplements
8.4.1.4.4.1 Market Share
8.4.1.4.4.2 Historical Trend (2017-2021)
8.4.1.4.4.3 Forecast Trend (2022-2027)
8.4.1.4.5 Others
8.4.2 Plant Based
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.4.2.4 Breakup by Type
8.4.2.4.1 Soy Protein
8.4.2.4.1.1 Market Share
8.4.2.4.1.2 Historical Trend (2017-2021)
8.4.2.4.1.3 Forecast Trend (2022-2027)
8.4.2.4.2 Pea Protein
8.4.2.4.2.1 Market Share
8.4.2.4.2.2 Historical Trend (2017-2021)
8.4.2.4.2.3 Forecast Trend (2022-2027)
8.4.2.4.3 Pumpkin Seed Protein
8.4.2.4.3.1 Market Share
8.4.2.4.3.2 Historical Trend (2017-2021)
8.4.2.4.3.3 Forecast Trend (2022-2027)
8.4.2.4.4 Others
8.5 Global Protein Supplements Market by Form
8.5.1 Powder
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Bars
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.5.3 Ready-to-Drink
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2017-2021)
8.5.3.3 Forecast Trend (2022-2027)
8.5.4 Others
8.6 Global Protein Supplements Market by Application
8.6.1 Sports Nutrition
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 Functional Food
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.6.3 Others
8.7 Global Protein Supplements Market by Distribution Channel
8.7.1 Supermarkets and Hypermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.2 Drugstore
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.7.3 Nutrition Store
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2017-2021)
8.7.3.3 Forecast Trend (2022-2027)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2017-2021)
8.7.4.3 Forecast Trend (2022-2027)
8.7.5 Others
8.8 Global Protein Supplements Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Glanbia PLC
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nestlé S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 lovate Health Sciences International Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 The Hut.com Limited
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Ultimate Nutrition Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Protein Supplements Market: Key Industry Highlights, 2016 and 2026
2. Global Protein Supplements Historical Market: Breakup by Source (USD Million), 2017-2021
3. Global Protein Supplements Market Forecast: Breakup by Source (USD Million), 2022-2027
4. Global Protein Supplements Historical Market: Breakup by Form (USD Million), 2017-2021
5. Global Protein Supplements Market Forecast: Breakup by Form (USD Million), 2022-2027
6. Global Protein Supplements Historical Market: Breakup by Application (USD Million), 2017-2021
7. Global Protein Supplements Market Forecast: Breakup by Application (USD Million), 2022-2027
8. Global Protein Supplements Historical Market: Breakup by Distribution Channel (USD Million), 2017-2021
9. Global Protein Supplements Market Forecast: Breakup by Distribution Channel (USD Million), 2022-2027
10. Global Protein Supplements Historical Market: Breakup by Region (USD Million), 2017-2021
11. Global Protein Supplements Market Forecast: Breakup by Region (USD Million), 2022-2027
12. North America Protein Supplements Historical Market: Breakup by Country (USD Million), 2017-2021
13. North America Protein Supplements Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Europe Protein Supplements Historical Market: Breakup by Country (USD Million), 2017-2021
15. Europe Protein Supplements Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Asia Pacific Protein Supplements Historical Market: Breakup by Country (USD Million), 2017-2021
17. Asia Pacific Protein Supplements Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Latin America Protein Supplements Historical Market: Breakup by Country (USD Million), 2017-2021
19. Latin America Protein Supplements Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Middle East and Africa Protein Supplements Historical Market: Breakup by Country (USD Million), 2017-2021
21. Middle East and Africa Protein Supplements Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Global Protein Supplements Market Structure
Key Questions Answered in the Report
In 2020, the global protein supplements market attained a value of nearly USD 19 billion.
The market is projected to grow at a CAGR of 8% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach nearly USD 31 billion by 2026.
The market is being driven by the growing health awareness among people, increase in the number of fitness centres around the world, rise in purchasing power, growing middle class population, and increasing consumption of processed food products.
The growing consumer awareness of food supplements, along with the rising availability of world-class athletics and fitness infrastructure, are the key industry trends guiding the growth of the market.
Animal based and plant based are the major sources of protein supplements in the industry.
The leading forms of protein supplements in the market are powder, bars, and ready-to-drink, among others.
The major application segments in the industry are sports nutrition and functional food, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, drugstore, nutrition store, and online, among others.
The major players in the industry are Glanbia PLC, Nestlé S.A., lovate Health Sciences International Inc., The Hut.com Limited, and Ultimate Nutrition Inc., among others.
Analyst Review
The global protein supplements market attained a value of nearly USD 19 billion in 2020, driven by the rising health consciousness among consumers. Aided by the rising demand for RTDs, the market is further expected to grow in the forecast period of 2022-2027 at a CAGR of 8% to reach nearly USD 31 billion by 2026.
Based on sources, the market is bifurcated into animal based and plant based. By forms, the industry can be segmented into powder, bars, and ready-to-drink, among others. Based on applications, the market is categorised into sports nutrition and functional food, among others. On the basis of distribution channels, the industry is divided into supermarkets and hypermarkets, drugstore, nutrition store, and online, among others. The EMR report looks into the regional markets for protein supplements like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The major market players in the industry include are Glanbia PLC, Nestlé S.A., lovate Health Sciences International Inc., The Hut.com Limited, and Ultimate Nutrition Inc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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