Published: Jul, 2018
The global protein supplements market is characterized with the existence of innumerable participants, says Transparency Market Research on the basis of a recently published research report. This has given rise to a highly competitive vendor landscape to exist. With new players entering this landscape on a regular basis, the global protein supplements market is expected to witness a highly intensified competition during the forthcoming years.
Most players are expected to expand their businesses by focusing on product diversification and development, consequently making them capture leading market shares. Expansion in emerging economies to boost growth and product sales also is a prime strategy implemented by most players operating in the global protein supplements market. This is mainly due to the untapped potential present in the emerging economies in terms of product selling and revenue generation. Abbott Laboratories, Glanbia Plc, GlaxoSmithKline Plc, GNC Holdings Inc., Amway Corp., Vitaco Health Ltd., ABH Pharma Inc., Atlantic Multipower UK Ltd., Herbalife International Of America Inc., Makers Nutrition LLC, Nu Skin Enterprises Inc., Shaklee Corp., USANA Health Sciences Inc., and Vitacost.com Inc., are key players present in the protein supplements market.
According to experts from Transparency Market Research, the global protein supplements market is expected to fetch revenue worth US$2.8 bn by the end of 2026, which is a decent growth after earlier revenue worth US$2.2 bn registered in 2017. This growth is projected to occur at a steady CAGR of 5.30% during the forecast period from 2017 to 2022.
Increase in the Awareness about Fitness Maintenance Boosts Market’s Growth
A substantial rise in the intake of protein supplements has happened owing to a surge in the number of fitness freaks is majorly propelling the global protein supplements market. All over the world, there has been an increase in the number of gyms, fitness centers, and health clubs, which also has made market to grow at a decent pace in recent times. Protein supplements are a best option for weight management, and a rising demand for the same also has proven beneficial to the global protein supplement’s expansion. Furthermore, rapid urbanization coupled with increasing ability of the purchasing power of the consumers is further estimated to drive this market in the years to come.
The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets. The growing popularity of several sports all over has consequently led towards a surge in the number of sportspersons and athletes. Due to this, a rapid rise in the intake of protein-rich foods by such sportspersons is consequently driving the global protein ingredients market.
Fluctuation in Production Capacity Restrains Protein Supplements Market
However, volatility in costs or protein products has been notably restraining the global protein supplements market in recent times. Moreover, costly supplement products are expected to discourage those having less disposable income from buying them. However, many businesses are anticipated to introduce less-costly supplementary products in the next few years, thus offsetting most restraints affecting the global protein supplements market.
The information shared that has been in this review is based on a TMR report titled, “Protein Supplements Market (Product Type - Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, and Soy Protein Supplements; Source - Animal and Plant; Distribution Channel - Online Stores, Supermarkets and Hypermarkets, Convenience Stores, and Drug Stores; End-Use Segment – Powder Supplements, Bars, and Ready to Drink Supplements) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2022”
- Most players are expected to expand their businesses by focusing on product diversification and development, consequently making them capture leading market shares.
- The protein ingredients market is picking up notable pace owing an overall shift in attitude among the masses regarding several protein-rich foods and diets.
The global protein supplements market has been segmented as follows:
By Product Type
- Casein Protein Supplements
- Whey Protein Supplements
- Egg Protein Supplements
- MPC Protein Supplements
- Soy Protein Supplements
By Source Type
By Distribution Channel
- Online Stores
- Supermarkets and Hypermarkets
- Convenience Stores
- Drug Stores
By End User
- Online Stores
- Powder Supplements
- Ready to Drink Supplements
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC countries
- South Africa
- Rest of Middle East & Africa
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453