Global Protein Supplements Market 2023-2027
The protein supplements market is forecasted to grow by USD 9.45 bn during 2022-2027, accelerating at a CAGR of 8.18% during the forecast period. The report on the protein supplements market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing interest in sports and fitness activities, increase in awareness about physical appearance, and reduced chances of diseases and improved quality of life.
Technavio's protein supplements market is segmented as below:
- By Source
- Animal-based
- Plant-based
- By Distribution Channel
- Retail outlets
- Online stores
- By Geographical Landscape
- North America
- Europe
- Asia
- Rest of World (ROW)
This study identifies the endorsements by celebrities and sportspersons as one of the prime reasons driving the protein supplements market growth during the next few years. Also, rise in online sales and focus on packaging will lead to sizable demand in the market.
The report on the protein supplements market covers the following areas:
- Protein supplements market sizing
- Protein supplements market forecast
- Protein supplements market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading protein supplements market vendors that include Abbott Laboratories, Amway Corp., BioTech USA Korlatolt Felelossegu Tarsasag, Darling Ingredients Inc., Gelita AG, Glanbia plc, GlaxoSmithKline Plc, Herbalife International of America Inc., Iovate Health Sciences International Inc., Makers Nutrition, Meiji Holdings Co. Ltd., Nestle SA, NOW Health Group Inc., PepsiCo Inc., Post Holdings Inc., Purus Labs, TheHutGroup.com Ltd., Transparent Labs, Vitaco Ltd., and Weider Global Nutrition LLC. Also, the protein supplements market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.