Protein Supplements Market Growth, Share, Price, Revenue, Size and Future Outlook 2032
Protein Supplements Market Size- By Type, By Source, By Raw Material, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecasts to 2032
| Published: Nov-2022 | Report ID: FOOD2226 | Pages: 1 - 228 | Formats*: |
| Category : Food & Beverages | |||
Protein Supplements Market Introduction and Overview
According to SPER Market Research, the Global Protein Supplements Market is estimated to reach USD 15.36 billion by 2032 with a CAGR of 8.5%.
The report includes an in-depth analysis of the Global Protein Supplements market, including market size and trends, product mix, distribution channels, and supplier analysis. Protein supplements are food items made to offer an additional source of this substance, which is necessary for repairing and regenerating body tissues. Usually, they are available as powders, shakes, bars, or capsules. Amino acids, which make up protein, are essential for immune system health, immune system function, and overall health. Athletes, fitness buffs, and those looking to improve their protein intake frequently turn to protein supplements. They provide a handy and concentrated supply of protein, assisting in meeting daily needs and promoting muscle growth and recovery. However, it's crucial to utilize them in addition to a balanced diet rather than in place of supplies from whole foods.
- Post Holdings Inc.'s Dymatize brand recently introduced a new plant-based protein supplement called Complete Plant Protein in July 2022. This innovative product is formulated using vegan-friendly ingredients, such as soy protein, and provides 25 grams of protein in each pack.
- July 2022: Optimum Nutrition, a subsidiary of Glanbia PLC, has initiated production operations in India, making it the brand's third manufacturing site. Previously, Optimum Nutrition products were exclusively manufactured in the United States and the United Kingdom for worldwide distribution. This expansion into India underscores Optimum Nutrition's dedication to meeting the increasing demand for its products in the Indian market while also strengthening its global footprint.
Market Opportunities and Challenges
For market participants, the global market for protein supplements offers both possibilities and challenges. On the opportunity side, a number of factors influence the market. First off, the demand for protein supplements is rising as customers, particularly athletes, fitness fanatics, and others leading active lifestyles, become more aware of the advantages of supplementing with protein. Additionally, the market is being further stimulated by the rising trend of health and wellness consciousness and rising disposable incomes. Moreover, as e-commerce platforms have grown, protein supplements are now easily accessible to a larger consumer base, creating new market opportunities.
The market for protein supplements, however, also confronts a number of difficulties. First, differing regional regulatory frameworks and labeling specifications need that producers overcome compliance barriers to guarantee the legality of their products and the safety of their customers. Additionally, the market's availability of fake and subpar goods endangers consumer confidence and established businesses' good names. Furthermore, there is fierce competition for market dominance among a large number of firms in the protein supplement industry. To keep ahead of the competition, this calls for ongoing product innovation, distinctiveness, and successful marketing tactics. Additionally, changes in the cost of raw ingredients like whey protein can have an impact on production costs and perhaps have an impact on product pricing and profitability.
Market Competitive Landscape
The protein supplements market is characterized by consolidation, with a few well-established companies and regional players dominating the industry. These companies are actively expanding their production capacities to cater to the growing global demand for protein supplements. The key players in the Global Protein Supplements market include 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.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Source, By Raw Materials, By Distribution Channel |
| Geographies covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | 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. |
COVID-19 Impact on Global Protein Supplements Market
The global protein supplements market experienced some impact due to the uncertainties brought about by the COVID-19 pandemic. Initially, there was a surge in demand as people sought to support their immune systems and health while staying at home. However, disruptions in the global supply chain caused delays and shortages of protein supplements. With gym closures and limited physical activity opportunities, some consumers reduced their consumption. Nevertheless, the rise in home workouts and personalized fitness solutions created new prospects for companies targeting this segment.
Key Target Audience
- Athletes and Fitness Enthusiasts
- Bodybuilders and Strength Trainers
- Individuals with Special Dietary Needs or Restrictions
- Older Adults
- Vegetarians and Vegans
- Weight Management and Meal Replacement
- Others
Our in-depth analysis of the Protein Supplements Market includes the following segments:
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Key Topics Covered in the Report
- Global Protein Supplements Market Size (FY’2022-FY’2032)
- Overview of Global Protein Supplements Market
- Segmentation of Global Protein Supplements Market By Type (Protein powder, Protein bar, Ready to drink)
- Segmentation of Global Protein Supplements Market By Source (Plant-based, Animal-based)
- Segmentation of Global Protein Supplements Market By Raw Material (Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, Soy Protein Supplements)
- Segmentation of Global Protein Supplements Market By Distribution Channel (Supermarkets and Hypermarkets)
- Statistical Snap of Global Protein Supplements Market
- Expansion Analysis of Global Protein Supplements Market
- Problems and Obstacles in Global Protein Supplements Market
- Competitive Landscape in the Global Protein Supplements Market
- Impact of COVID-19 and Demonetization on Global Protein Supplements Market
- Details on Current Investment in Global Protein Supplements Market
- Competitive Analysis of Global Protein Supplements Market
- Prominent Market Players in the Global Protein Supplements Market
- SWOT Analysis of Global Protein Supplements Market
- Global Protein Supplements Market Future Outlook and Projections (FY’2022-FY’2032)
- Recommendations from Analyst
1.Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers4.1.2 Restraints4.1.3 Opportunities4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Protein Supplement Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths5.1.2 Weaknesses5.1.3 Opportunities5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape5.2.2 Economic landscape5.2.3 Social landscape5.2.4 Technological landscape5.2.5 Environmental landscape5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers5.3.2 Bargaining power of Buyers5.3.3 Threat of Substitute5.3.4 Threat of new entrant5.3.5 Competitive rivalry
5.4.Heat map analysis
6. Global Protein Supplement Market, By Type, 2019-2032 (USD Million)
6.1 Protein powder6.2 Protein bar6.3 Ready to drink
7. Global Protein Supplement Market, By Source, 2019-2032 (USD Million)
7.1 Plant-based7.2 Animal-based
8. Global Protein Supplement Market, By Raw Material, 2019-2032 (USD Million)
8.1 Casein Protein Supplements
8.2 Whey Protein Supplements8.3 Egg Protein Supplements8.4 MPC Protein Supplements8.5 Soy Protein Supplements
9. Global Protein Supplement Market, By Distribution Channel, 2019-2032 (USD Million)
9.1. Supermarkets and Hypermarkets9.1.1. Online stores9.1.2. Drug stores
10. Global Digital Pharmacy Market, By Region, 2019-2032 (USD Million)
10.1 North America
10.1.1.United States10.1.2.Canada10.1.3.Mexico
10.2 Europe
10.2.1.Germany10.2.2.United Kingdom10.2.3.France10.2.4.Italy10.2.5.Spain10.2.6.Rest of Europe
10.3 Asia-Pacific
10.3.1.China10.3.2.Japan10.3.3.India10.3.4.Australia10.3.5.South Korea10.3.6.Rest of Asia-Pacific
10.4 South America
10.4.1.Brazil10.4.2.Argentina10.4.3.Rest of South America
10.5 Middle East & Africa
10.5.1.Kingdom of Saudi Arabia10.5.2.United Arab Emirates10.5.3.Rest of Middle East & Africa
11. Company Profiles
11.1 Abbott Laboratories (ABBOTT)
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2 AMCO Proteins
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3 Amway Corporation
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4 Atlantic Multipower UK Ltd.
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5 BRF
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6 Garden of Life
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7 Glanbia PLC
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8 GlaxoSmithKline (GSK)
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4 Recent developments
11.9 GNC Holdings
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10 Herbalife International of America Inc.
11.10.1 Company details11.10.2 Financial outlook11.10.3 Product summary11.10.4 Recent developments
11.11 International Dehydrated Foods, Inc.
11.11.1. Company details11.11.2. Financial outlook11.11.3. Product summary11.11.4. Recent developments
11.12 Maker Nutrition LLC
11.12.1. Company details11.12.2. Financial outlook11.12.3. Product summary11.12.4. Recent developments
11.13 Melaleuca, Inc.
11.13.1. Company details11.13.2. Financial outlook11.13.3. Product summary11.13.4. Recent developments
11.14 PepsiCo
11.14.1 Company details11.14.2 Financial outlook11.14.3 Product summary11.14.4 Recent developments
11.15 QuestNutrition
11.15.1. Company details11.15.2. Financial outlook11.15.3. Product summary11.15.4. Recent developments
11.16 Scitec Nutrition
11.16.1. Company details11.16.2 Financial outlook11.16.3. Product summary11.16.4. Recent developments
11.17 SUPPLEFORM
11.17.1. Company details11.17.2. Financial outlook11.17.3. Product summary11.17.4. Recent developments
11.18 Vitaco Health Ltd.
11.18.1. Company details11.18.2. Financial outlook11.18.3. Product summary11.18.4 Recent developments
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Protein Supplement Market is projected to reach USD 15.36 billion by 2032, growing at a CAGR of 8.5% during the forecast period.
The key players in the market include Companies Covered 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.
The Protein Supplement Market grew in market size from 2021. The Market is expected to reach USD 15.36 billion by 2032, at a CAGR of 8.5% during the forecast period.
The Protein Supplement Market CAGR of 8.5% during the forecast period.
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The Protein Supplement Market size is USD 15.36 billion from 2022 to 2032.
The Protein Supplement Market segment is Covered By Type, By Source, By Raw Materials, By Distribution Channel.
The North America region is anticipated to have the highest market share in the Protein Supplement Market.
The desire to lead an active and healthy lifestyle has increased participation in sports and fitness, which has increased demand for dietary supplements, particularly protein supplements.
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