Global Protein Supplements Market

Protein Supplements Market Size, Share, Growth Analysis, By Product Type(Protein powder, protein bars, ready-to-drink and others), By Application(Sports nutrition and functional food), By Region - Industry Forecast 2025-2032


Report ID: SQMIG30I2323 | Region: Global | Published Date: April, 2024
Pages: 198 | Tables: 61 | Figures: 75

Protein Supplements Market Insights

Protein Supplements Market size was valued at USD 7.31 Billion in 2023 and is poised to grow from USD 7.91 Billion in 2024 to USD 14.87 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).

The global protein supplements market is a rapidly growing industry that includes a wide range of products, such as whey protein, casein protein, soy protein, and pea protein. These supplements are used to enhance muscle growth, improve athletic performance, aid weight loss, and support overall health and wellness. The market is driven by a growing demand for fitness and health products, increased awareness of the benefits of protein consumption, and rising disposable incomes. The purpose of the protein supplements market is to provide consumers with a convenient and effective way to meet their daily protein requirements. With busy lifestyles and limited time for meal preparation, many people struggle to consume enough protein through their diets alone. Protein supplements offer a quick and easy solution to this problem, allowing individuals to easily supplement their protein intake to support their health and fitness goals. One of the key drivers of the protein supplements market is the growing popularity of fitness and health trends. As more people become interested in living healthier lifestyles, the demand for supplements that support their goals increases. Additionally, the rise of vegan and vegetarian diets has led to an increase in demand for plant-based protein supplements, such as pea protein and soy protein.

However, the market is not without its challenges. One of the biggest restraints on the market is the high cost of some protein supplements, which may limit access for some consumers. Additionally, concerns over the safety and efficacy of some products may also discourage some individuals from using protein supplements. Despite these challenges, there are several key trends and opportunities in the protein supplements market. One major trend is the development of new and innovative protein sources, such as insect protein and algae protein, which may offer unique health benefits and appeal to consumers looking for sustainable and ethical protein sources. Additionally, the growing popularity of e-commerce and direct-to-consumer sales channels is creating new opportunities for smaller, niche protein supplement companies to reach consumers directly and compete with larger brands.

US Protein Supplements Market is poised to grow at sustainable CAGR for the next forecast year.

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Protein Supplements Market size was valued at USD 7.31 Billion in 2023 and is poised to grow from USD 7.91 Billion in 2024 to USD 14.87 Billion by 2032, growing at a CAGR of 8.2% during the forecast period (2025-2032).

The Global Protein Supplements Market is highly competitive, with numerous companies vying for market share. Some of the top key players in the market are continuously engaged in research & development activities to launch innovative products and expand their product portfolios to cater to the changing consumer demands. They also undertake strategic initiatives such as partnerships, mergers and acquisitions, and collaborations to strengthen their market position and increase their global reach. The competition in the market is intense, with companies focusing on providing superior-quality products at competitive prices to gain an edge over their competitors. Additionally, companies are also investing in marketing and promotional activities to increase brand awareness and enhance their product visibility among consumers. 'Glanbia plc (Ireland)', 'Abbott Laboratories (US)', 'Amway Corporation (US)', 'GlaxoSmithKline plc (UK)', 'GNC Holdings Inc. (US)', 'Herbalife Nutrition Ltd. (US)', 'MusclePharm Corporation (US)', 'Nature's Bounty Co. (US)', 'NOW Foods (USA)', 'Quest Nutrition, LLC (US)', 'Scitec Nutrition (Hungary)', 'Solgar Inc. (US)', 'Ultimate Nutrition Inc. (US)', 'Universal Nutrition (US)', 'Vitaco Health Group (New Zealand)', 'Transparent Labs (US)', 'Optimum Nutrition Inc. (US)', 'NutraBio Labs Inc. (US)', 'MuscleTech (US)', 'Rule One Proteins, LLC (US)'

Increasing health and fitness consciousness among consumers is a major driver of the protein supplements market. Consumers are increasingly aware of the health benefits associated with protein supplements, such as muscle building and weight management, and are incorporating these supplements into their diets to meet their fitness goals.

Plant-based protein supplements are emerging as a major trend in the protein supplements market. With the rise of veganism and vegetarianism, consumers are looking for protein supplements that are derived from plant-based sources such as soy, pea, and rice. These supplements offer a range of health benefits and are also environmentally sustainable.

In 2021, North America dominated the protein supplements market, with a revenue share of more than 41.0%. The region's strong emphasis on health and wellness, as well as knowledge of the benefits of protein supplements, are expected to drive the industry's growth. The growing trend of a healthy lifestyle, combined with higher disposable income, is anticipated to increase demand for protein supplements in North America.

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Global Protein Supplements Market

Report ID: SQMIG30I2323

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