Protein Supplement Market Growing Impetus on Personal Fitness and Healthy Consumption to Boost the Global Market

Protein Supplement Market Shifting Consumer Preference of Health-based Products can push the Demand for the Protein Supplement Market

pune, India - February 12, 2019 /MarketersMedia/ —

Marker Definition:
Protein is a highly essential nutrient for the human body. It plays a highly important role to promote body growth, reproduction, and healing and supports our immune system to be healthy. Protein Supplements are dietary supplements that are used primarily by athletes, bodybuilders, and fitness enthusiasts to build or repair muscles as well as aid the body with other health benefits. The global Protein Supplement market is estimated to reach a projected value of 1.247/78 kilo tons by 2023, at a projected CAGR of 4.56%.

Marker Scenario and Key Restraints:
In an exclusive report, Market Research Future (MRFR) reveals that the well-spread awareness concerning the benefits of supplements is helping drive the market growth of protein supplements. The increasing level of uptakes of these supplements for the treatment of various ailments is pushing the rise of the market. Besides, the shifting preference of consumers, especially amongst the young consumer’s bracket, towards healthy food products is helping accelerate its market growth. Novelties in flavor and packaging designs are attracting the consumers to buy protein supplements. The market is growing on a global scale, and all signs are pointing towards a pathway of growth during the review period of 2017-2023. With increasing impetus being placed on personal fitness and healthy dietary measures and the resultant positive effects of these supplements, the market is poised to garner a healthy market growth. Add to these, changing lifestyle, rising population level, increasing per capita health care expenses, and ameliorating economic conditions are also contributing to the market growth globally.

However, amidst all these positives, factors such as the availability of cheaper, counterfeit products and intense competition can hinder the market growth of protein supplements. Due to the towering dominance of the established market players, it is highly challenging for the new market entrants to compete.

Get an Exclusive Sample of This Report @ https://www.marketresearchfuture.com/sample_request/2260  

Competitive Analysis:
The global Protein Supplement market comprises of various market leaders; this includes GNC Holdings Inc. (U.S.), GlaxoSmithKline Plc. (U.K.), Herbalife Ltd (U.S.), Glanbia Plc. (Ireland), Archer Daniels Midland Company (U.S.), Abbott Laboratories (U.S.), and Amway (U.S.).

Industry Updates:
On January 2019, Amazing Grass, a leading plant-based supplement provider in the US, launched an alternative to animal-extracted collagen supplements with their new product Amazing Protein Glow. The animal-free product will be a revolutionary addition to the supplement market.

August 2018 saw Starbucks, one of the pioneering American coffee company, announced its latest beverage addition – blended cold brew drinks with pea and brown rice protein. The drink comes in two different flavors, cacao powder and almond butter. The drink is an on-the-go protein shake, which is in high demand in recent times.

Market Segmentation:
The global Protein Supplement market is divided into three key segments:  by sources, by applications, and by forms.

By sources, the market comprises of animal-based, plant-based, and others.

By application, the market includes nutraceuticals, pharmaceuticals, food, beverages, sports & nutrition, and others. The sports & nutrition market is the dominating segment in terms of application owing to its rising usage by athletes, fitness professionals, and others.

By form, the market is divided into powder, liquids, bars, and others. The powdered form of protein supplements holds a major portion of the market with 57% share and is slated to continue its dominance over other forms.

Regional Analysis:
The geographical diversification of the global Protein Supplement market comprises North America, Europe, and Asia-Pacific (APAC) regions.

Holding on to the lion's share of more than 30%, North America is projected to continue its dominance over the protein supplement market. The region is expected to grow with a CAGR of 5.65% during the forecast period.

The Asia Pacific region is projected to experience the highest growth rate with a CAGR of 5.87% during the forecast period, 2017-2023. The rising availability of protein supplements coupled with the growing popularity and consumption of the same among health-conscious customers is driving the market in this region. In addition to the growing popularity, the increasing geriatric population is also expected the market demand for the protein supplements in the APAC region. Following these regions, Europe and the Rest of the World will witness moderate to decent growth rate.

Browse Complete Cooked Research Report Enabled with Respective Tables and Figures is Available @ https://www.marketresearchfuture.com/reports/protein-supplements-market-2260  

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Contact, Market Research Future, Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar,, Pune - 411028, Maharashtra, India, +1 646 845 9312, Email: sales@marketresearchfuture.com
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/protein-supplements-market-2260%20%20

Source URL: https://marketersmedia.com/protein-supplement-market-growing-impetus-on-personal-fitness-and-healthy-consumption-to-boost-the-global-market/481546

Source: MarketersMedia

Release ID: 481546

Latest News

US to roll out economic part of Mideast peace plan

May 20, 2019

WASHINGTON — The Trump administration will unveil the first phase of its long-awaited blueprint for Mideast peace next month at a conference in the region designed to highlight economic benefits that could be reaped if the Israeli-Palestinian conflict is resolved, the White House said Sunday. The plan, which has been two years in the making, envisions large-scale investment and infrastructure work in the Palestinian territories. But the central political elements remain mostly unknown. And the economic workshop, June 25-26 in Bahrain, will not address the most contentious parts of the conflict: borders, the status of Jerusalem, Palestinian refugees and Israel's...

Trump's 'great patriot' farmers follow him into a trade war

May 20, 2019

MADRID, Iowa — Iowa farmer Tim Bardole survived years of low crop prices and rising costs by cutting back on fertilizer and herbicides and fixing broken-down equipment rather than buying new. When President Donald Trump's trade war with China made a miserable situation worse, Bardole used up any equity his operation had and started investing in hogs in hopes they'll do better than crops. A year later, the dispute is still raging and soybeans hit a 10-year-low. But Bardole says he supports his president more today than he did when he cast a ballot for Trump in 2016, skeptical he...

Argentina's Fernández announces vice presidential bid

May 20, 2019

BUENOS AIRES, Argentina — Argentina's former President Cristina Fernández announced on Saturday her candidacy for vice president in October's general elections, a surprising move that now puts a more moderate challenger at the helm of the presidential ticket. In a video posted on Twitter on Saturday, Fernández said that Alberto Fernández, of the left-leaning Unidad Ciudadana political party, will run for the presidency against conservative President Mauricio Macri. "I have asked Alberto Fernández to head the formula that we will integrate together, he as a presidential candidate and I as a vice presidential candidate," Fernández said. "I am convinced that...

The Latest: Mexico industry group hails tariff agreement

May 20, 2019

WASHINGTON — The Latest on President Donald Trump and U.S. trade tariffs (all times local): 4:50 p.m. Mexico's National Chamber of the Iron and Steel Industry is congratulating the country's officials on the agreement reached with the United States on ending steel and aluminum tariffs. The chamber says in a statement posted online that it considers the deal "a strong and very positive step for industry in the entire region." It also calls it "a great advance" toward ratifying the new trade deal between Mexico, the United States and Canada. The chamber added Friday afternoon that, "As we have reiterated...

Markets Right Now: Stocks closing lower Friday

May 20, 2019

NEW YORK — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks ended the day lower on Wall Street Friday and notched their second-straight weekly loss as investors were whipsawed by contradictory reports on the Trump administration's array of trade fights. Technology and industrial companies dropped the most. The S&P hasn't fallen for two consecutive weeks since last year, but it remains about 14% higher so far in 2019. Deere shares dropped over 7% after the farm equipment maker's second quarter earnings missed Wall Street expectations. Deere lowered its outlook for the year due to the...

Search

Obserworld delivers the most accurate and up-to-date world news for the global audience with a thorough research and in-depth interviews. Discover the world through Obserworld.

Contact us: sales[at]obserworld.com