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on May 23, 2024
The latest report by IMARC Group, titled “Protein Supplements Market Report by Type (Casein, Whey Protein, Egg Protein, Soy Protein, and Others), Form (Protein Powder, Protein Bars, Ready to Drink, and Others), Source (Animal-Based, Plant-Based), Application (Sports Nutrition, Functional Food), Distribution Channel (Supermarkets and Hypermarkets, Online Stores, Direct to Customers (DTC), and Others), and Region 2024-2032“, 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.
Protein supplements are products designed to boost a person's protein consumption. They come in forms like powders, shakes, bars, and capsules, offering a convenient and potent protein source crucial for functions like muscle growth and repair. Proteins contain amino acids, the body's essential building blocks, and while it's generally best to get protein from whole foods like meat, fish, eggs, and legumes, supplements can be helpful for athletes and those with high protein needs. They come in different varieties such as whey casein, soy, and plant-based options to cater to various dietary preferences. As a result, people often use protein supplements before or after workouts to aid muscle recovery and growth.
Protein Supplements Market Trends and Drivers:
The shift towards healthier living is fueling the market's growth, as consumers become more mindful of their eating habits. The demand for protein supplements is on the rise, as they offer a convenient and efficient way to meet daily protein needs. These products provide a quick and easy source of high-quality protein, appealing to individuals seeking to build and maintain muscle, manage their weight, or adopt a healthier lifestyle. The growing recognition of protein's importance in one's diet is another key driver of market growth. Additionally, increased consumer awareness has expanded the market's reach, attracting individuals looking to improve their overall health, recover from illness, or address specific nutritional deficiencies. Furthermore, the rising demand from fitness enthusiasts and athletes for tailored products that cater to their specific goals and preferences, such as whey protein for muscle building and plant-based options for vegans and vegetarians, is contributing to a positive market outlook.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/protein-supplements-market/requestsample
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.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163
Topics:
protein supplements market