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

More Press Releases

Self-help guru convicted in lurid sex-trafficking case

Jun 20, 2019

NEW YORK — The former leader of an upstate New York self-help group has been convicted in a federal case accusing him of turning women into his "sex slaves." It took a jury less than five hours to find Keith Raniere (rah-NEER'-ee) guilty of sex-trafficking and other charges Wednesday in federal court in Brooklyn. Prosecutors said the 58-year-old Raniere's organization, called NXIVM (NEHK'-see-uhm), was more like a cult. They said he formed a secret subgroup comprised of brainwashed female "slaves" who were forced to have sex with him and branded with his initials. There also were accusations that he began...

'Why not now?' for slavery reparations, House panel is told

Jun 20, 2019

WASHINGTON — The debate over reparations for descendants of slaves catapulted from the campaign trail to Congress on Wednesday with an impassioned plea from actor Danny Glover and others for lawmakers to address compensation for America's blighted heritage of racism and Jim Crow laws. Glover, who told a House Judiciary panel that his great-grandfather was enslaved, called a national reparations policy "a moral, democratic and economic imperative." It was Congress' first hearing in a decade on the topic and comes amid a growing discussion in the Democratic Party on reparations and sets up a potential standoff with Republicans. Senate Majority...

Tiffany Haddish explains why she won't perform in Georgia

Jun 20, 2019

LOS ANGELES — Tiffany Haddish says she chose to join a boycott of Georgia after she read the state's new anti-abortion legislation. Haddish announced this week that she had cancelled a show in the state and explained her reasoning Tuesday. "The reason that I cancelled the show, is because I read that bill," she says. "And I feel like everyone should just take the time to read it." The new law bans abortion once a fetal heartbeat is detected, which can be as early as six weeks, before many women know they are pregnant. It was signed into law on...

Netflix announces 2 more seasons of 'Queer Eye'

Jun 20, 2019

KANSAS CITY, Mo. — Netflix's show "Queer Eye" says it's bringing fabulousness to the masses for two more seasons. The streaming service announced Tuesday that the fourth season will debut July 19. The eight episodes were shot in the Kansas City area, where last season the stars revamped a prison guard, a children's camp program director and two sisters who own a barbecue joint. Netflix also says production will begin soon in Philadelphia for the fifth season, which will be released next year. The show features resident fashion expert, Tan France, along with food guru Antoni Porowski, hairstylist Jonathan Van...

Weekend memorial events set for singer-musician Dr. John

Jun 20, 2019

NEW ORLEANS — Weekend memorial services have been scheduled in New Orleans for singer and musician Malcom "Mac" Rebennack Jr., better known by his Voodoo-inspired stage name, Dr. John. Rebennack, a member of the Rock & Roll Hall of Fame, died June 6 at age 77. The New Orleans Jazz and Heritage Festival says memorial services are set for Saturday at the historic Orpheum Theater in downtown New Orleans. Public visitation starts at 7 a.m. and runs until 10:30 a.m. A service running from 1 p.m. to 3 p.m. at the Orpheum will be invitation only but will be broadcast...

Broaden News

Reporter Pass is the only access you need to get into Hollywood. No matter it’s the red carpet event or backstage access, we’ve got you covered.

Contact us: sales@reppass.com

Award ShowsCelebrityPaparazziRoyaltyMoviesMusicTelevision Programs Press Releases