Global Protein Supplements Market Trends, Share, Growth, Opportunities and Forecasts by 2025
Protein Supplements Market by Type, Form, Source, Distribution Channel, Gender, and Age Group: Global Opportunity Analysis and Industry Forecast, 2018-2025
PORTLAND, OR, USA, Sept. 29, 2022 /EINPresswire.com/ — Protein is an essential nutrient and the second most abundant substance in the body after water. Protein supplements are concentrated sources of protein obtained from animals or plants, including dairy products, eggs, wheat, soy, peas and others. They come in three common forms, namely powders, bars, and ready-to-drink (RTD) liquids. Protein powder is one of the most common protein supplements available on the market in the form of protein concentrates, protein isolates and protein hydrolysates. Concentrates are 60-80% protein and 2030% fat and carbs; isolates contain 90-95% protein; and hydrolysates stimulate protein absorption, thereby improving muscle growth response to exercise. These products are consumed by people who are trying to build muscle, increase and maintain body mass, or lose weight. Additionally, people take protein supplements to provide the energy and vitamins needed during intense workouts, as well as to compensate for the loss of nutrients and vitamins during reduced food intake.
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Protein Supplements Market by Type, Form, Source, Distribution Channel, Gender, and Age Group: Global Opportunity Analysis and Industry Forecast, 2018-2025, “Global Protein Supplements Market Size was 4,908 .9 million in 2017 and is expected to reach $8,717.1 million by 2025, growing at a CAGR of 7.4% from 2018 to 2025. North America accounted for nearly 51.6% of the protein supplements market in 2017.
Protein supplement manufacturers are investing heavily in the innovation factor to make the various features they have introduced in the market easier to use and accessible. This is one of the influential factors to positively impact the global protein supplements market forecast. Asia-Pacific countries such as China, India, Japan, and others are the potential markets for the growth of the protein supplements market.
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The health benefits associated with the consumption of protein supplements and the increase in fitness problems among people from different regions are driving the market. Additionally, increasing number of fitness and workout centers, increasing disposable income, and alarming rise in obesity rates are also fueling the growth of the market. However, the presence of cheap replacements and misrepresentation coupled with negative publicity is expected to hamper the market growth over the forecast period. Rising demand for protein supplements from the health conscious young population of developing countries along with strengthening distribution channels in untapped regions are expected to provide ample opportunities for expansion of the global protein supplement industry. protein supplements.
Key Players profiled in this report 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.
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Key Findings of the Protein Supplements Market:
Based on type, the whey protein segment accounted for approximately 38.2% of the protein supplements market share in 2017, growing at a CAGR of 7.7% from 2018 to 2025. The soy protein segment accounted for approximately 22.3% market share, growing at a CAGR of 8.6% from 2018 to 2025.
Based on form, the powder segment accounted for 76.7% of the protein supplement market in 2017 and is expected to grow at the highest CAGR of 7.2%. The RTD liquid segment occupied about 12.5% market share and is expected to grow at the highest CAGR of 9.0%.
According to the source, the animal segment accounted for 74.2% market share in 2017 and is expected to grow at the highest CAGR of 7.0%. The plant segment occupied about 25.8% market share and is expected to grow at the highest CAGR of 6.7%.
By gender, the male segment accounted for 61.9% market share in 2017 and is expected to grow at the highest CAGR of 7.0%. The female segment occupied about 38.5% market share and is expected to grow at the highest CAGR of 6.6%.
Based on age group, the millennial segment accounted for 45.5% market share in 2017 and is expected to grow at the highest CAGR of 7.4%. The Gen X segment occupied approximately 31.9% market share and is expected to grow at the highest CAGR of 6.8%.
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