About Protein Supplement
Protein supplements are source of protein which is obtained either by animal source or plant based source. Protein is one of the vital ingredients for muscle gain and it helps increasing individual’s stamina as well. These supplements are gaining traction among fitness concern people and are recommended to medical ill people as well.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
CAGR | 5.83% |
Key players are jointly developing innovative product. Lonza and Capsugel recently joined hands to further broaden Lonza’s participation across the healthcare continuum and to deepen their commitment to consumer health. Together, the combined company brings a full range of solutions to drive innovative product enhancements for all types of nutritional. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Protein Supplement market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amway Corporation [United States], Abbott Laboratories [United States], ABH Pharma Inc. [United States], GlaxoSmithKline [United Kingdom], Glanbia Group [Ireland], New Vitality [United States], Nu Skin Enterprises [United States], Makers Nutrition [United States], Vitaco Health [New Zealand], Forever Living Inc. [United States], Shaklee Corporation [United States], USANA Health Sciences [United States], Herbalife International of America [United States], Suppleform [United Kingdom], Garden of Life [United States], Melaleuca Inc. [United States], Vitacost.com [United States], Isostar [Switzerland] and Atlantic Multipower UK Limited [United Kingdom] are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Oriflame [Switzerland], Avon Products [United Kingdom], Acasti Pharma [Canada], Achillion Pharmaceuticals [United States], Advaxis [United States], Gnc Holdings [United States], Makers Laboratories [India], USANA Health Sciences [United States], Melaleuca [United States] and Dalblads Nutrition AB [Sweden].
Segmentation Overview
AMA Research has segmented the market of Global Protein Supplement market by Type (Casein, Whey Protein, Egg Protein, Soy Protein and Others (Pea, Wheat, Rice, Canola, Gelatin, Collagen)) and Region.
On the basis of Type, Soy Protein are dominating the market in the year 2023On the basis of geography, the market of Protein Supplement has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. If we see Market by Form, the sub-segment i.e. Powder will boost the Protein Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarket will boost the Protein Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Animal Protein will boost the Protein Supplement market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Plant Based Nutrients and Customized Demand of Protein Supplements from Consumer's Side
Market Growth Drivers:
Growing Health Awareness Among Masses, Rising Demand of Sport Nutritional Supplement and Increasing Number of Bodybuilding and Fitness Center
Challenges:
Volatility in Raw Materials Prices and Increasing Counterfeited Product Market
Restraints:
High Cost of Protein Supplement and Availability of Cheap Replacements
Opportunities:
Growing Obesity Especially in Developed Countries and Increase in Disposable Income in Emerging Economies
Market Leaders and their expansionary development strategies
In June 2023, Nestlé Health Science partnered with TerraCycle to create a recycling program for used protein powder containers, addressing concerns about sustainability and plastic waste.
In September 2023, MuscleTech launched their Nitro Tech Ripped protein powder this formula combined whey protein with fat-burning ingredients like L-carnitine and CLA, catering to athletes and fitness enthusiasts seeking support with weight management and body composition.
As per FDA (Food and Drug Administration) Dietary supplements are not intended to treat, diagnose, cure, or alleviate the effects of diseases. Federal law requires that every dietary supplement be labeled as such, either with the term "dietary supplement" or with a term that substitutes a description of the product's dietary ingredient(s) for the word "dietary".
Key Target Audience
Nutritional Supplement Providers, Potential Investor, Medical Institute, Research Institute and Government Agencies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.