Over the past of couple of years, there has been a rise in number of health-conscious customers around the globe. They look out for ways in adopting a healthy and an active lifestyle, which has fueled the demand for health-oriented food products. Thus, protein supplement endures the same kind of traction in North America, Europe as well as Asia-Pacific regions. Healthy lifestyle is becoming a normal way of life that majorly has concerns over obesity, food sensitivity, and people affected by diseases continue to rise.
The global protein supplement market was valued at $4,908.9 million in 2017 and is projected to reach $8,717.1 million by 2025, growing at a CAGR of 7.4% from 2018 to 2025.
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The demand for protein supplements from the young population is increasing mainly in athletes as they provide various benefits such as lowering cholesterol, building of muscles, increasing strength, fighting cancer, improving immunity, and lowering blood pressure. Thus, this one critical factor provide positive impact on protein supplement market forecast.
Based on type, the protein supplement market growth is studied across potential sources used to produce protein supplement products such as casein, whey, egg, soy, and other segments that includes pea, wheat, rice, canola, gelatin, collagen, and others. Among the product types, the whey protein segment accounts to higher protein supplement market share. Whey is the liquid byproduct that remains after the curdling of milk. Whey protein is a rich source of branched amino acids. There are two main types of whey protein i.e. whey protein concentrates and whey protein isolate. Whey protein is traditionally being used among athletes and bodybuilders since it promotes overall body growth and muscle building. Surge in demand for sports nutrition products and its value-added tag as clean label ingredients are the two main factors that contribute to the overall growth of the market.
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Key players profiled for global protein supplement industry in the report include 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.
Key Benefits for Protein Supplement Market:
- The report provides a quantitative analysis of the current protein supplement market trends, estimations, and dynamics of the market size from 2018 to 2025 to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market share.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
- In-depth analysis and the protein supplement market size and segmentation assists in determining the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
- The report includes revenue generated from the sales of protein supplement products and protein supplement market revenue forecast across North America, Europe, Asia-Pacific, and LAMEA.
- The report includes the protein supplement market analysis at regional as well as the global level, key players, market segments, application areas, and growth strategies.
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