The growth in consumer demand for dietary supplements is driving the market for protein supplements. Food supplements are used to make up for any nutritional deficiencies that may result from following a conventional diet. The desire to lead an active and healthy lifestyle has increased participation in sports and fitness, which has increased the demand for dietary supplements, particularly protein supplements.
The strategic alliance is a significant step in the market for protein supplements. The companies in the protein supplement sector are focusing on forging strategic alliances to increase their market share and pool their resources for joint marketing and product development efforts. In October 2021, a New Jersey-based manufacturer of collagen supplements joined forces with Entenmann's, a company controlled by Bimbo Bakeries USA. The partnership wants to create a new collagen protein powder that is inspired by Entenmann's chocolate chip cookies. Entenmann, a company established in the US, manufactures and sells baked goods.
The Global Protein Supplement Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Abbott Laboratories (ABBOTT), AMCO Proteins, Amway Corporation, Atlantic Multipower UK Ltd., BRF., Garden of Life, Glanbia Plc, GlaxoSmithKline (GSK), GNC Holdings, Herbalife International of America, Inc., International Dehydrated Foods, Inc., Maker Nutrition LLC, Melaleuca, Inc., PepsiCo, QuestNutrition, Scitec Nutrition, Suppleform, Vitaco Health Ltd.
SPER Market Research study aims to provide market dynamics, demand and supply with yearly forecast to 2030. This report provides data for growth estimates and forecasts for product type segment – By Type (Protein powder, Protein Bar, Ready to drink ), By Source (Plant-Based, Animal-Based), By Raw Material (Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, Soy Protein Supplements), By Distribution Channel {Supermarkets and Hypermarkets (Online stores, Drug stores)}.
This report also provides the data for key regional segments of North America, Europe, Asia-Pacific and Rest of the World.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.