According to IMARC Group’s latest report, titled “Protein Supplements Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” Offers a comprehensive analysis of the industry, which comprises insights on protein supplements market.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global protein supplements market size reached US$ 20.8 Billion in 2021. Protein supplements are dietary supplements used for increasing muscle mass and improving muscle recovery after exercise. They comprise whey, soy, casein, pea, and hemp, which are sold in the form of powders, capsules, and tablets. They are available in various flavors, such as vanilla, chocolate, strawberry, mango, and peanut butter, and are recommended by nutritionists depending on the body weight and minimal physical activity of the individual. Protein supplements can be consumed with smoothies, yogurt, berries, and milk by athletes, bodybuilders, soldiers, and adults involved in rigorous fitness activities. Additionally, they are used to prevent protein deficiency and stimulate hair growth by providing shine and reducing breakage. Protein supplements help lose weight and reduce obesity by suppressing the appetite and enhancing metabolism. They boost the immune system to fight against illnesses and injuries and improve the recovery process. They help in preventing the signs of aging by promoting healthy skin and reducing wrinkles. They also assist in lowering blood pressure, cardiovascular diseases, and cholesterol content. Apart from this, protein supplements enhance antioxidants in the body by reducing oxidative stress, which creates an imbalance between the production and accumulation of reactive oxygen species (ROS) in cells and tissues.
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Market Trends:
The rising popularity of protein supplements among health-conscious consumers and bodybuilders to meet specific nutritional goals represents one of the key factors driving the market. Besides this, there is a rise in the demand for supplements to fulfill daily nutritional requirements due to changing lifestyle patterns around the world. This, along with the increasing number of gyms with fitness regime plans to maintain an active lifestyle, is contributing to the growth of the market. In addition, the rising geriatric population, coupled with the growing lifestyle-associated diseases, such as obesity and diabetes, are positively influencing the market. Apart from this, protein supplements promote healthy skin, enhance hair growth, and boost immunity, which is propelling the growth of the market. Moreover, rising investments by key market players to introduce organic protein supplements with better taste and nutritional value are bolstering the growth of the market. Additionally, the growing demand for plant-based protein supplements among lactose-intolerant consumers across the globe is creating a favorable market outlook. Furthermore, the increasing consumption of plant-based proteins, such as pulses, tofu, soya, tempeh, seitan, nuts, seeds, and grains, due to the rising adoption of veganism to avoid animal suffering, is strengthening the growth of the market. Looking forward, IMARC Group expects the market to reach US$ 34.05 Billion by 2027, exhibiting a growth rate (CAGR) of 8.30% during 2022-2027.
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The report has segmented the market on the basis of type, form, source, application, distribution channel and geography.
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
Breakup by Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.) and Weider Global Nutrition LLC.
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