Report Id: SNS/F&B/1988 | June 2022 | Region: Global | 120 Pages
Report Scope & Overview:
The Protein Supplements Market Size was esteemed at USD 19.93 billion out of 2021 and is supposed to arrive at USD 36.8 billion by 2028, and develop at a CAGR of 9.14% over the forecast period 2022-2028.
Protein supplements are a sort of nourishing and lifting weights supplement which is utilized generally by muscle heads and sports competitors to expand their eating regimen and increment their utilization of protein without expanding their utilization of going with carbs and fats. These enhancements comprise higher measures of proteins in contrast with different other protein sources when consumed straightforwardly.
The costs of proteins removed from creature sources are seeing an ascent, subsequently pushing makers to search for less expensive other options. Plant-based proteins like soy, canola, rice, wheat, and pea are turning out to be progressively famous as enhancements. Different organizations are searching for new open doors by valorizing the fixings to upgrade the nourishing substance of the items or by growing new applications for vicelin, globulins, prolamins, and albumins, among others.
MusclePharm Corporation ("MusclePharm" or the "Organization") MSLP, a worldwide supplier of driving games sustenance and way of life marked nourishing enhancements, reported the extension of its product offering with Costco US with the rollout of its reformulated MP Combat Protein Powder in a recently estimated tub in Feb 2022. The reformulated item has a superior taste and mixability factor and is presently being sold in Costco US in a recyclable, 6.2-liter tub.
Increased interest in sports nourishment supplements.
Rising buyer mindfulness concerning wellbeing and sustenance to introduce advancement.
Significant expense of creation.
The unpredictable cost of unrefined components.
The rising interest for simple and promptly accessible supplementation.
The rising number of web clients related easily to access and accommodation.
The simple accessibility of less expensive other options.
Different adverse consequences of protein improvement.
Impact of Covid-19:
The COVID-19 pandemic has brought about the expanded admission of protein enhancements to reinforce the insusceptible framework. According to a fourteen-day study directed by Glanbia plc, a key sustenance items maker, in 2020 to follow the effect of COVID-19 on shoppers spending on food and nourishment items in the U.S., the level of respondents who ate protein bars remained sound and lifted resistance expanded in March 2020. The utilization of prepared to-drink protein shakes additionally expanded significantly post the COVID-19 episode.
In light of type, the protein supplement market development is concentrated across potential sources used to create protein supplement items like casein, whey, egg, soy, and different sections that incorporate pea, wheat, rice, canola, and gelatin, collagen, and others. Among the item types, the whey protein section records to higher protein supplement portion of the overall industry. Whey is the fluid side-effect that remaining parts after the coagulating of milk.
By Age Group:
In the light Age Group, the protein supplement market size is concentrated across recent college grads, age X, and people born after WW2. Among the age bunch fragment, the twenty to thirty-year-old are supposed to represent a higher offer as far as utilization for the protein supplement market. Twenty to thirty-year-olds are known to be the most loved clients for different protein and other enhancement items. A large portion of the recent college grads embrace a sound way of life to feel and look great.
In light of Gender, the protein supplement market is concentrated across the male and female sections. Among the two-segment fragment, the male section is supposed to have a higher foothold when contrasted with the female portion as the male populace pays special attention to execution upgrade supplements for different proactive tasks while the female populace has less inclination for the equivalent. The male section is the presentation-driven bunch with regards to wellbeing and nourishment.
BY AGE GROUP:
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
In light of the area, the protein supplement market examination is started across North America, Europe, Asia-Pacific, and LAMEA. Attributable to the ascent in several wellbeing cognizant clients in the greater part of the created areas, North America represents a higher offer in the worldwide protein supplement market. The U.S. wellbeing and wellness industry is supposed to develop at a quicker rate during the figure time frame and makes it clear that things are not pulling back. This is ascribed to ascend in several U.S. customers adjusting to a solid way of life or enjoying exercises that advance dynamic and great wellbeing.
Abbott Laboratories, ABH Pharma Inc., Amway corporation, Glambia Plc., GlaxoSmithKline Plc, General Nutrition Corporation (GNC Holdings Inc.), Herbalife International of America, Inc., Maker Nutrition LLC, Suppleform, and Vitaco Health Limited.
|Market Size in 2021||US$ 19.93 Billion|
|Market Size by 2028||US$ 36.8 Billion|
|CAGR||CAGR 9.14% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Casein, Whey Protein, Egg Protein, Soy Protein, and Others)
• by Gender (Male and Female)
• by Age Group (Millennials, Generation X, and Baby Boomers)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Abbott Laboratories, ABH Pharma Inc., Amway corporation, Glambia Plc., GlaxoSmithKline Plc, General Nutrition Corporation (GNC Holdings Inc.), Herbalife International of America, Inc., Maker Nutrition LLC, Suppleform, and Vitaco Health Limited.|
|Drivers||• Increased interest in sports nourishment supplements.
•Rising buyer mindfulness concerning wellbeing and sustenance to introduce advancement.
|Market Restraints||• Significant expense of creation.
•The unpredictable cost of unrefined components.
Frequently Asked Questions (FAQ) :
Ans: Companies covered in Protein Supplements Market markets are Abbott Laboratories, ABH Pharma Inc., Amway corporation, Glambia Plc., GlaxoSmithKline Plc, General Nutrition Corporation (GNC Holdings Inc.), Herbalife International of America, Inc., Maker Nutrition LLC, Suppleform, and Vitaco Health Limited
Ans: North America and Europe holds the most extreme portion of the overall industry of the Protein Supplements Market.
Ans: Increased interest in sports nourishment supplements and The rising interest for simple and promptly accessible supplementation are the elements driving and resulting in opportunities for the Protein Supplements Market.
Ans: The Global Protein Supplements Market is supposed to develop at a CAGR of 9.14% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Protein Supplements Market segmentation, BY TYPE:
8.2 Whey Protein
8.3 Egg Protein
8.4 Soy Protein
9. Global Protein Supplements Market segmentation, BY GENDER
10. Global Protein Supplements Market segmentation, BY AGE GROUP
10.2 Generation X
10.3 Baby Boomers
11. Global Protein Supplements Market, by region/ country
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company profiles
12.1 Abbott Laboratories
12.1.2 Products/ Services Offered
12.1.3 Swot Analysis
12.1.4 The SNS View
12.2 ABH Pharma Inc.
12.3 Amway corporation
12.4 Glambia Plc.
12.5 GlaxoSmithKline Plc
12.6 General Nutrition Corporation (GNC Holdings Inc.)
12.7 Herbalife International of America, Inc.
12.8 Maker Nutrition LLC
12.10 Vitaco Health Limited.
13. Competitive Landscape
13.1 Competitive Bench Marking
13.2 Market Share Analysis
13.3 Recent Developments
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