The latest report by IMARC Group, titled “Protein Supplements Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global protein supplements market size reached US$ 24.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 45.3 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
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For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/protein-supplements-market/requestsample
Protein Supplements Market Trends and Drivers:
The growing emphasis on health and fitness among individuals of all age groups has driven the demand for protein supplements. Consumers are seeking products that support muscle development, weight management, and overall well-being, thereby fueling the growth. Additionally, the global surge in sports and athletic activities, coupled with the desire to enhance performance and recovery, has led to a higher demand for protein supplements. Athletes and fitness enthusiasts alike recognize the role of protein in muscle repair and growth, making these supplements a preferred choice. Other than this, as more individuals adopt vegetarian and vegan lifestyles, the demand for plant-based protein supplements has surged. This trend aligns with the growing awareness of sustainable and ethical dietary choices, influencing the market’s landscape. Besides this, protein supplements offer a convenient source of protein, catering to busy lifestyles where time for meal preparation may be limited. The portability and ease of consumption of protein bars, shakes, and ready-to-drink options contribute to their popularity.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Casein
- Whey Protein
- Egg Protein
- Soy Protein
- Others
Breakup by Form:
- Protein Powder
- Protein Bars
- Ready to Drink
- Others
Breakup by Source:
- Animal-Based
- Plant-Based
Breakup by Application:
- Sports Nutrition
- Functional Food
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Online Stores
- Direct to Customers (DTC)
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Abbott Laboratories
- Amway
- Dymatize Enterprises LLC (BellRing Brands)
- Glanbia PLC
- GNC Holdings Inc. (Harbin Pharmaceutical Group)
- Herbalife International of America Inc.
- Iovate Health Sciences Inc.
- Makers Nutrition LLC
- Melaleuca Inc.
- Nestlé S.A
- Quest Nutrition LLC (Atkins Nutritionals Holdings Inc.)
- Weider Global Nutrition LLC
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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