Protein is a macronutrient that is essential for the human body to repair tissue, build muscle, and make enzymes and hormones. It is one of the building blocks of bone, muscle, and skin. Protein is found in foods such as dairy, eggs, red meat, poultry, fish, nuts, tofu, and legumes but is also available in a variety of formulated supplements drinks, bars, and powders. Moreover, protein supplements can be helpful as part of their overall nutrition plan.
MARKET SCOPE
The "Global Protein Supplements Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Protein supplements market with detailed market segmentation by product type, source, distribution channel, end use supplement, and geography. The report provides key statistics on the market status of the leading Protein supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on product type, the global protein supplements market is segmented into casein protein supplements, whey protein supplements, egg protein supplements, mpc protein supplements, soy protein supplements, and others.
- Based on source, the global protein supplements market is segmented into animal and plant.
- Based on distribution channel, the global protein supplements market is segmented into online stores, supermarkets and hypermarkets, convenience stores, drug stores, and others.
- Based on end use supplement, the global protein supplements market is segmented into powder supplements, bars, and ready to drink supplements.
MARKET DYNAMICS
Drivers:
- Increasing population of working women, and the rising adoption of western food.
- The demand for protein supplements from the young population is increasing mainly in athletes as they provide various benefits such as lowering cholesterol, building of muscles, increasing strength, fighting cancer, improving immunity, and lowering blood pressure.
Restraints:
- Fake claims and negative publicity of protein supplements.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The protein supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the protein supplements market in these regions.
IMPACT OF COVID-19 ON PROTEIN SUPPLEMENTS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the protein supplements market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from protein supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for protein supplements in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the protein supplements market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott Laboratories
- AMCO Proteins
- CytoSport, Inc.
- Glanbia plc
- Iovate Health Sciences International Inc.
- MusclePharm Corporation
- Nature's Bounty Co.
- NOW Foods
- Quest Nutrition, LLC
- Transparent Labs
- General Nutrition Centers, Inc
- Amway India Enterprises Pvt. Ltd
- Unilever
- POST HOLDINGS, INC.
- Makers Nutrition, LLC
- Herbalife International of America, Inc.,
- Vitaco
- Shaklee Corporation
- GlaxoSmithKline
- Nu Skin Enterprises Inc.,