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.
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For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/protein-supplements-market/requestsample
Protein Supplements Market Trends and Drivers:
The increased focus on health and fitness across various age groups has led a rise in the popularity of protein supplements. Consumers are looking for products that can help with muscle building, weight control, and overall health, driving the demand further. Moreover, the global increase in sports and fitness activities, along with the desire to improve performance and recovery, has also contributed supplements. Athletes and fitness enthusiasts understand the importance of protein in muscle recovery and growth, making these supplements a preferred choice. Furthermore, the growing number of people adopting vegetarian and vegan diets has resulted in a surge in the demand for plant-based protein supplements. This reflects the increasing awareness of sustainable and ethical eating habits, which is shaping the market. Additionally, protein supplements provide a convenient protein source for busy individuals with limited time for meal prep. The popularity of protein bars, shakes, and ready-to-drink options is attributed to their portability and ease of consumption.
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.
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