Global Protein Supplements Industry Overview
Protein supplements are nutritional items made to offer a convenient, high-protein source that is frequently utilized to promote muscle growth, recuperation, and general health. They come in a range of forms, including powders, bars, and shakes, and are often produced from whey, casein, soy, pea, or hemp protein. Athletes, bodybuilders, and others with greater protein requirements - such as those recuperating from disease or injury - frequently utilize these supplements. When it's hard to get enough protein from whole foods alone, protein supplements might help you reach your daily protein intake goals. Although they can be helpful, supplements should be used in conjunction with a balanced diet rather than in place of it. It's also critical to select supplements that support one's own fitness and health goals.Important elements include growing knowledge of wellness and health trends and people's awareness of their diets in order to promote weight management, improve general health, and increase muscle building. The market is expanding as a result of the developing fitness culture, which includes gym memberships, fitness applications, and personal trainer services.
Driving Forces of Protein Supplements Market
Rising Popularity of Plant-based Protein Products Fuels Market Growth
In recent years, veganism has become more and more popular worldwide, partly due to growing concerns about environmental sustainability and animal welfare. The market for plant-based protein products has been greatly driven by the growing interest in plant-based lifestyles. Interestingly, the fiber component of plant-based protein powders has made them popular since it facilitates easier digestion and maintains a balanced gut flora. Consequently, plant-based protein powders are frequently seen as a better option than animal-based protein.The demand for plant-based protein products made from rice, peas, and soy has increased due to their significant appeal. To satisfy this rising demand, businesses are concentrating on creating cutting-edge plant-based supplements. For instance, Gold Standard 100% Plant Protein powder, which is manufactured entirely of vegan components, was introduced in the plant-based market by Optimum Nutrition, the flagship sports nutrition brand of Glanbia, in October 2022. 24 grams of high-quality plant-based protein are included in the new formula to support a variety of workout activities. Furthermore, consumers are increasingly favoring individualized nutrition, and dietitians may suggest dietary intake according to the individual's requirements. As a result, producers can create programs and solutions that are especially suited to each customer's demands.
The market will be driven by soaring demand for sports nutrition supplements
Consuming nutrients like vitamins, proteins, supplements, fats, carbs, minerals, and organic materials is a part of sports nutrition. Sports nutritional products are designed to help strength and endurance athletes and bodybuilders perform better overall, boost their stamina, encourage muscle growth, and improve their health. They include sports drinks, sports supplements, and sports foods. Because of its controlled release and minimal component usage, nano-encapsulation and microencapsulation technologies have become more and more popular in recent years. It is anticipated that expanding the distribution network for encapsulation technologies in food fortification would open up new markets for components used in sports nutrition.Furthermore, it is anticipated that the use of protein supplements in the sports nutrition sector would rise due to the growing popularity of naturally produced components and growing health concerns about synthetic compounds. Additionally, it is anticipated that using automation in the production of protein supplements will raise the caliber of the final goods. The production of protein supplements using nanotechnology may assist produce nano emulsions with increased and enhanced nutrient bioavailability.
Increasing dietary and lifestyle modifications
Regular diets sometimes do not provide enough protein because of modern lifestyles. For people with hectic schedules or dietary limitations, protein supplements offer a quick and effective alternative. The demand for plant-based protein supplements and other alternative protein sources has increased as a result of the transition to plant-based diets. For example, the plant-based product line Herbalife V was introduced in August 2023 by the health and wellness corporation Herbalife Nutrition. Two protein shake options and a range of dietary supplements intended to support immune and digestive health are among the certified organic, kosher, and non-GMO confirmed goods in the Herbalife V line. This is further propelling the global market revenue for protein supplements.Protein Supplements Market Overview by Regions
The market for protein supplements is growing globally, with the biggest demand occurring in North America and Europe due to health and fitness trends. Asia-Pacific is developing quickly due to rising disposable incomes and a growing focus on nutrition and wellness. The following provides a market overview by region:United States Protein Supplements Market
The market for protein supplements in the United States has grown significantly due to rising fitness trends, health consciousness, and the need for easy nourishment. Protein powders, shakes, bars, and ready-to-drink beverages are among its many billion-dollar items, which appeal to athletes, fitness enthusiasts, and health-conscious consumers. Whey protein is still the most common source, but as vegan and vegetarian diets become more popular, plant-based alternatives like pea, soy, and hemp protein are becoming more and more well-liked. The accessibility of the market is facilitated by e-commerce platforms and retail outlets such as gyms and health food stores. The increase in lifestyle-related illnesses, the emphasis on controlling weight, and the expanding use of protein for general health and muscle repair are important motivators.Additionally, the demand for ready-to-drink products is being driven by changing customer preferences as well as an increase in the desire for convenience foods. The demand for healthy food options rises as a result of urban lifestyles, busy schedules, lack of time, and rising nutritional product needs. As a result, a number of protein-enriched goods, including bars and ready-to-drink (RTD) beverages, have become popular choices for consumers looking to substitute meals. Numerous companies are taking advantage of these chances and creating practical goods that offer enough nourishment. For example, the low-carbohydrate snack, shake, and bar company Atkins Nutritionals, Inc. introduced two new snack bars and an RTD protein shake in April 2022. The company launched an iced chai latte RTD protein shake that contained 15 grams of protein, 3 grams of net carbs, and 1 gram of sugar.
India Protein Supplements Market
India's market for protein supplements is expanding quickly due to factors like developing fitness culture, rising disposable incomes, and more health consciousness. Protein shakes, bars, and powders are becoming more and more popular in India as more people concentrate on bodybuilding, fitness, and weight control. Although plant-based alternatives like soy and pea protein are becoming more popular, whey protein is still the most widely used. The industry is expanding due to factors like urbanization, the rise of e-commerce, and the appeal of fitness influencers, especially with younger consumers.Additionally, there is a high demand for plant-based protein products due to the rise in vegetarian and vegan diets. Trends in nutrition and wellness can have an impact on the industry. For instance, India now has the lowest meat consumption rate in the world, according to a research by the United Nations Food and Agriculture Organization (UN FAO). This is mostly because 44% of the country's 1.3 billion people are Hindu. Additionally, there were about 500 million vegetarians and five million hardcore vegans in India in 2020.
United Kingdom Protein Supplements Market
The market for protein supplements in the UK is expanding steadily due to growing interest in wellness, fitness, and health. Protein bars, smoothies, and powders have gained popularity as more people prioritize muscle rehabilitation and lead active lifestyles. Although whey protein is still the most common source, plant-based proteins - like pea, soy, and hemp - are becoming more and more well-liked as vegan and dairy-free options become more and more popular. The growth of e-commerce platforms, rising nutrition awareness, and fitness trends also have an impact on the market. Athletes, fitness enthusiasts, and anyone concerned with weight control and general health are important consumers. For instance, sport England estimates that between November 2021 and November 2022, 5.78 million people in England took part in fitness sessions.Saudi Arabia Protein Supplements Market
The market for protein supplements in Saudi Arabia has grown significantly due to factors like fitness trends, growing interest in bodybuilding, and sports nutrition as well as growing health consciousness. The rising middle class and youthful population are driving demand for protein supplements, such as whey, casein, plant-based proteins, and ready-to-drink protein products. The nation's Vision 2030 program, which emphasizes wellness and health, also encourages market growth. Access to the market is facilitated by e-commerce platforms and the presence of both domestic and foreign businesses.Type- Industry is divided into 5 viewpoints:
1. Casein2. Whey Protein
3. Egg Protein
4. Soy Protein
5. Others
Form- Industry is divided into 4 viewpoints:
1. Protein Powder2. Protein Bars
3. Ready to Drink
4. Others
Source- Industry is divided into 2 viewpoints:
1. Animal-Based2. Plant-Based
Application- Industry is divided into 2 viewpoints:
1. Sports Nutrition2. Functional Food
Distribution Channel- Industry is divided into 4 viewpoints:
1. Supermarkets and Hypermarkets2. Online Stores
3. Direct to Customers (DTC)
4. Others
Countries- Industry is divided into 25 viewpoints:
North America
- United States
- Canada
Europe
- France
- Germany
- Italy
- Spain
- United Kingdom
- Belgium
- Netherlands
- Turkey
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Thailand
- Malaysia
- Indonesia
- New Zealand
Latin America
- Brazil
- Mexico
- Argentina
Middle East & Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
All companies have been covered with 5 Viewpoints
- Overview
- Key Persons
- Recent Development & Strategies
- Product Portfolio
- Financial Insights
Company Analysis
1. Abbott Laboratories2. Herbalife International of America Inc.
3. Nestlé S.A
4. Simply Good Foods Company
5. WK Kellogg Co.
6. PepsiCo Inc.
7. Glanbia Plc
Table of Contents
Companies Mentioned
- Abbott Laboratories
- Herbalife International of America Inc.
- Nestlé S.A
- Simply Good Foods Company
- WK Kellogg Co.
- PepsiCo Inc.
- Glanbia Plc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 120 |
Published | November 2024 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 27.28 Billion |
Forecasted Market Value ( USD | $ 52.34 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |
No. of Companies Mentioned | 7 |