According to SPER Market Research, the Protein Supplement Market growth in consumer demand for dietary supplements is driving the market for protein supplements. Food supplements are used to make up for any nutritional deficiencies that may result from following a conventional diet. The desire to lead an active and healthy lifestyle has increased participation in sports and fitness, which has increased the demand for dietary supplements, particularly protein supplements.
The desire to lead an active and healthy lifestyle has increased participation in sports and fitness, which has increased the demand for dietary supplements, particularly protein supplements.
Global Protein Supplement Market Overview (2022-2032)
- Forecast CAGR (2022-2032): 8.5%
- Forecast Market Size (2032): 15.36 billion
The strategic alliance is a significant step in the market for protein supplements. The companies in the protein supplement sector are focusing on forging strategic alliances to increase their market share and pool their resources for joint marketing and product development efforts. In October 2021, a New Jersey-based manufacturer of collagen supplements joined forces with Entenmann’s, a company controlled by Bimbo Bakeries USA. The partnership wants to create a new collagen protein powder that is inspired by Entenmann’s chocolate chip cookies. Entenmann, a company established in the US, manufactures and sells baked goods.
Impact of COVID-19 on the Global Protein Supplement Market
The intake of protein supplements has grown as a result of the COVID-19 pandemic in order to fortify the immune system. According to a two-week survey conducted by Glanbia plc, a major manufacturer of nutrition products, in April 2020 to monitor the effect of COVID-19 on consumers’ spending on food and nutrition products in the U.S., a higher percentage of respondents reported eating protein bars to maintain their health and strengthen their immune systems, rising from 21% in week 1 to 23% in week 2. Following the COVID-19 outbreak, there was a significant increase in the consumption of protein shakes that were ready to drink.
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Global Protein Supplement Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2030. This report contains statistics on product type segment growth estimates and forecasts.
· Protein Powder
· Protein Bar
· Ready to Drink
By Raw Material:
· Casein Protein Supplements
· Whey Protein Supplements
· Egg Protein Supplements
· MPC Protein Supplements
· Soy Protein Supplements
By Distribution Chanel:
· North America
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Global Protein Supplement Market Key Players:
The Global Protein Supplement Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Abbott Laboratories (ABBOTT), AMCO Proteins, Amway Corporation, Atlantic Multipower UK Ltd., BRF., Garden of Life, Glanbia Plc, GlaxoSmithKline (GSK), GNC Holdings, Herbalife International of America, Inc., International Dehydrated Foods, Inc., Maker Nutrition LLC, Melaleuca, Inc., PepsiCo, QuestNutrition, Scitec Nutrition, Suppleform, Vitaco Health Ltd.
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