Global Protein Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Protein Supplements Market is Segmented by Form (Powder, Bars, Ready-to-Drink, and Others); by source (Animal-based and Plant-based); by Distribution Channel (Supermarket/ Hypermarket, Convenience Stores, Specialty Stores, Online Retail Stores, and Other Distribution Channels); and by Geography

Market Snapshot

Global Protein Supplements Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Middle-East and Africa
Largest Market: Asia Pacific
CAGR: 9.4 %

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Market Overview

Global Protein Supplements Market is estimated to witness a CAGR of 9.4% during the forecast period (2020 - 2025).

  • Protein supplements are popular among gym fanatics, and fitness enthusiasts, as they influence various aspects of the body such as muscle growth, metabolism, energy levels, heart health, and weight management.
  • Rising consumer awareness and desire to lead active and healthy lifestyles has led to increased participation in sports and fitness activities, in-turn driving the demand for protein supplements. Key players in the market studied have shifted their focus to meet this demand by introducing innovative products in compact sizes and new formats, in order to improve their profit margins, and gain market share.
  • The rising number of fitness centers and increased participation of women is further expected to fuel the growth of the market studied.

Scope of the Report

Global Protein Supplements market is segmented by from, by source, by distribution channel, and by geography. By form, the market is segmented into powder, bars, ready-to-drink, and others. By Source, the market is segmented into animal-based and plant-based. By distribution channel, the market is segmented into supermarket/ hypermarket, convenience stores, specialty stores, online retail stores, and other distribution channels. By Geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Form
Powder
Bars
Ready-to-Drink
Others
By Source
Animal-based
Plant-based
By Distribution Channel
Supermarket/Hypermarket
Convenience Stores
Specialty Stores
Online Retail Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Italy
Russia
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

Rising Demand For Powdered Protein Supplements

Protein supplements are available in various formats such as powder, bars, and ready-to-drink, in order to satisfy a wider base of consumers. Though the availability of other formats in the market is rising at an improved pace, powdered protein supplements have been observed to be the most popular variant, and hold a significant share of the market studied. Powdered protein supplements can be ingested either by mixing with water, milk, or food, providing consumers the option to customize in accordance with their tastes and preferences, leading to increased consumption. The rising demand for powdered protein supplements is thus expected to drive the market studied over the forecast period. 

Protein Supplements market trend1

Asia-Pacific Holds a Significant Share In The Market

The Asia-Pacific region holds a significant share in the market studied and has witnessed rapid growth in recent years owing to a higher percentage of the younger population and rising disposable income levels. China is expected to lead the growth of the region, owing to the government initiatives promoting increased participation in sports and fitness activities as a means to lead active and healthier lifestyles. Rising consumer awareness has also urged the aging population in the region to opt for protein supplements as a means to improve overall health. It has also been observed that protein supplements are being used in developing nations of the region as a means to address caloric and nutrient deficiencies. The demand for protein supplements in the Asia-Pacific region is thus expected to remain high over the forecast period.

Protein Supplements market trend2

Competitive Landscape

Global Protein Supplements market is fragmented with several players adopting product innovation as a means to gain market share. Some of the major players in the market are Glanbia plc, Iovate Health Sciences International Inc., The Hut Group, Scitec Nutrition, Weider Health and Fitness, Inc., Abbott Laboratories, Atrium Innovations Inc., Orgain, Inc., The Simply Good Foods Company, Post Holdings, Inc., among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHT

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Buyers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitutes

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Form

      1. 5.1.1 Powder

      2. 5.1.2 Bars

      3. 5.1.3 Ready-to-Drink

      4. 5.1.4 Others

    2. 5.2 By Source

      1. 5.2.1 Animal-based

      2. 5.2.2 Plant-based

    3. 5.3 By Distribution Channel

      1. 5.3.1 Supermarket/Hypermarket

      2. 5.3.2 Convenience Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Retail Stores

      5. 5.3.5 Other Distribution Channels

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Russia

        6. 5.4.2.6 Spain

        7. 5.4.2.7 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 South Africa

        2. 5.4.5.2 Saudi Arabia

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Glanbia plc

      2. 6.4.2 Iovate Health Sciences International Inc.

      3. 6.4.3 The Hut Group

      4. 6.4.4 Scitec Nutrition

      5. 6.4.5 Weider Health and Fitness, Inc.

      6. 6.4.6 Abbott Laboratories

      7. 6.4.7 Atrium Innovations Inc.

      8. 6.4.8 Post Holdings, Inc.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Protein Supplements Market market is studied from 2016 - 2026.

The Protein Supplements Market is growing at a CAGR of 9.4% over the next 5 years.

Middle-East and Africa is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Glanbia plc, Iovate Health Sciences International Inc., The Hut Group, Scitec Nutrition, Weider Health and Fitness, Inc., Abbott Laboratories, Atrium Innovations Inc., Orgain, Inc., The Simply Good Foods Company, Post Holdings, Inc. are the major companies operating in Protein Supplements Market.

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