New Market Study Report “Protein Supplement Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” Wiseguyreports.Com adds To Its Research Database.
— Protein Supplement Market 2019-2025
New Study Reports "Protein Supplement Market 2019 Global Market Opportunities, Challenges, Strategies and Forecasts 2025".
As per a new report, the global protein supplement market is anticipated to expand at a growing speed. There are various factors that have resulted in the growth of this sector and some of the factors influencing the market size globally include surge in demand for sports and fitness nutritional supplements which in turn influence the protein supplement market across the globe. Meanwhile, surge in the health and fitness-conscious population, particularly in males globally have further resulted in higher demand of for sports nutrition products.
Global Protein Supplement market was valued at US$ 11,438.16 Mn in 2017 and is expected to expand at a CAGR of above 7% from 2018 to 2025, reaching US$ 20,014.21 Mn by the end of the forecast period.
Today Proteins supplement is consumed as sports and fitness nutrition products in order to enhance athletic performance; protein supplements include minerals, vitamins, amino acids and herbs. Growing consumers’ preference towards self-grooming and fitness trend has further propelled the market of protein supplements. Also, increasing cases of health problems related to malnutrition, weak immune systems and obesity have also inspired consumers to increase the intake of protein-rich food and beverages such as protein supplements and sports nutrition products that offer the right amount of health benefits and nutrition.
With increasing number of gyms and bodybuilding centers, consumers are encouraged by the trainers to buy protein supplement products in order to enhance body immune system and build muscles which further raise the global demand for protein supplements products.
Important Key Players Analysis: Glanbia, Plc, NOW Foods, AMCO Proteins, MusclePharm Corporation, Abbott Laboratories etc and more.
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The global protein supplement market has been divided into type and application. Based on the type, the market has been divided into Whey protein, Egg protein, Casein protein, Soy protein, Pea protein and others. Based on the application, the market has been segmented into sports nutrition and functional food. Sports Nutrition based application holds the largest market share in 2017 and is expected to continue growing during the anticipated period as well.
Detailed Regional Analysis
The global market of protein supplement market has been analysed across the United States, European regions, India, Japan, China, and Southeast Asia. The North American market holds an eminent position in the global protein supplement market in 2017 and is anticipated to grow at an increasing speed in the coming years as well. Growing awareness among people and increase in consumer income are some of the factors that will boost the sales of protein supplement in the North American market in the next coming years. Meanwhile, the Asia-Pacific market will also grow in the coming year which is majorly due to healthy lifestyle, increasing income & willingness to spend money and easy availability of these supplements will result in the expansion of the market in the coming years.
Protein Supplement Manufacturers
Protein Supplement Distributors/Traders/Wholesalers
Protein Supplement Sub component Manufacturers
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Due to rapidly growing awareness related to health and increasing cases of heath related problems have inspired key players operating in the protein supplement market to come up with better protein supplement products in the future. The growing competition and increasing demand of protein supplements will influence key players to enter into partnerships or mergers & acquisitions with other companies which are likely to prove optimistic for the growth of this market.
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