The Global Protein Supplements Market is Expected to Grow to USD 38 bn by 2028

Wednesday 15 July 2020, Amsterdam

Supplement protein requires a balanced diet to increase protein intake. The protein powders that exist on the market are produced from animal/plant powders. Some of these supplements are used for specific purposes, which vary from consumer to consumer. In addition, as people's lives are getting busier, they prefer packaged foods rich in nutrients such as protein bars. Therefore, people use protein supplements to maintain their agility. This is mainly due to increased health and fitness awareness. Moreover, the number of gyms and sports enthusiasts is increasing every day, which provides support for the protein supplement market.

People's awareness of maintaining a healthy lifestyle continues to increase, and subsequent attention to fitness has increased, which has become the main driving force of the market. In addition to increasing demand for protein-rich products, concerns about obesity are increasingly becoming a key factor in the growth of supplement products. The busy lifestyles of people leading to increased intake of packaged nutritious foods have also driven the development of this market. Manufacturers also encourage their consumers to take protein supplements to improve immunity and increase muscle mass.

After COVID-19, people's demand for nutritious health foods and functional foods is expected to increase, because people will consume immune-enhancing supplements during this period. In addition, due to reduced meat consumption, the demand for plant-based alternatives is expected to increase. The report illustrates the changes in the global market caused by all events that occurred during the 2020-2028 forecast period.

The report breaks down "Global Protein Supplements-Market and Technology Forecasts to 2028" by type, form and region. Type fragments include casein, whey protein, egg protein, soy protein and others. The regional breakdown of this market includes North America, Europe, Asia Pacific, Middle East and other regions of the world. Based on the form, the subdivision is divided into powder, RTD liquid and protein stick. Source fragments are subdivided based on animal-based and plant-based proteins.

By 2020, the global protein supplement market is estimated to reach 20 billion U.S. dollars, and by 2028, the market size is expected to grow to 38 billion U.S. dollars. The protein supplement market is expected to grow at a compound annual growth rate of 8%. Forecast period. North America is expected to become the largest player in the global market. NA consists of numerous protein supplement retailers and wholesalers in the United States and is expected to support the regional growth of the market. The North American market is expected to be driven by the United States and Canada. When we talk about the North American market, the protein supplement market is fiercely competitive and disconnected, although the presence of key players has driven the market.

Due to the surge in the number of gymnasiums and fitness centers joining health gyms, the Asia-Pacific region is the fastest growing market. The plant-based protein powder market is expected to flourish as the number of people turning to vegetarians on environmental issues has increased. Some of the major players in this market include-Abbott Laboratories, Abh Pharma, Amway Corporation, etc.

Scope:
The report “Global Protein supplements - Market and Technology Forecast to 2028” is segmented based on Type, Form and Region. The study period is 2018- 2028 and the forecast period is 2020-2028.

Reasons to buy:

• The report's analysis extends up to the forecast period 2028, therefore it provides a near term and long term futuristic perspective for new players.
• The new players can develop a comprehensive perspective concerning the competitors in this field through this report.
• A detailed analysis of the new opportunities within the market has been provided in the report, potential players can make use of this information to develop a strategy.
• The advancements in technology and their impact has been discussed in detail. Existing players can make use of this section to understand the technology before incorporating the same.
• The drives, restraints, and challenges which are expected to shape the global market, as well as the regional market, have been provided. Potential players can make use of this segment to understand the changing market trends.