About High Protein Based Foods
The global High Protein Based food market is expected to boost global demand due to rising awareness about a healthy and fit lifestyle across the world. High-protein and high-energy sports drinks, which are effective sources of electrolytes, are mainly consumed by athletes, bodybuilders, and other sportspersons. The gradual shift in preference for natural and herbal products is one of the major factors driving this market’s growth. Furthermore, the expansion of distribution channels will help to boost global market demands.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 8.5% |
The global high protein based food market is subject to rapidly changing consumer demands and preferences. The global market is highly fragmented due to the presence of numerous small and large vendors that compete on the basis of factors such as price, quality, innovation, and distribution. The increasing competition in the market may lead to companies reducing their product prices. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global High Protein Based Foods 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.
Glanbia Nutritionals (United States), GSK (United Kingdom), Abbott Nutrition (United States), PepsiCo (United States), Clif Bar & Company (United States), Coca-Cola (United States), Universal Nutrition (United States), Champion Performance (United States), Midsona Group (Sweden) and General Nutrition Centers (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Ultimate Nutrition (United States) and Science in Sport (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global High Protein Based Foods market by Type (High-Protein Sports Drinks, Protein-Rich Packaged Foods, High Protein Supplements and Other), Application (Foods & Beverages, Personal Care & Cosmetics and Animal Feed) and Region.
On the basis of geography, the market of High Protein Based Foods 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. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the High Protein Based Foods market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Popularity of Packaged Foods across the World and Increasing Demand due to Online Availability
Market Growth Drivers:
Growing Awareness about Healthy and Fit Lifestyle and Increasing Demand From Sports Drinks
Challenges:
Stringent Government Regulations of Food Products
Restraints:
Volatile Raw Material Prices
Opportunities:
Change in the Preference of Consumers from High Protein Based Foods and Growth in Food & Beverage Industry in Asia-Pacific
Market Leaders and their expansionary development strategies
In March 2022, Beyond Meat and PepsiCo announced a long-term strategic partnership to develop, produce, and market plant-based snack and beverage options in North America.
In February 2022, Nestlé launched "Essentia Protein Water" in the United States, targeting health-conscious consumers seeking a protein-rich beverage option.
Key Target Audience
High Protein Based Foods Providers, Government Agencies, Managed Service Providers and Others
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.