Proteins are large, complex molecules that play many critical roles in the body. They do most of the work in cells and are required for the structure, function, and regulation of the body’s tissues and organs. It’s important to note that millions of people worldwide, especially young children, don’t get enough protein due to food insecurity. The effects of protein deficiency and malnutrition range in severity from growth failure and loss of muscle mass to decreased immunity, weakening of the heart and respiratory system, and death. The global protein supplements market is likely to register a CAGR of over 7.4% with an incremental growth of USD 12.2 billion during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global protein supplements market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the source, product, application, distribution channel, and region. The global market for protein supplements can be segmented by source: animal-based, plant-based. The animal-based segment captured the largest share of the market in 2022. Protein supplements market is further segmented by product: bars, protein powders, ready to drinks (RTDs), others. The protein powders segment held the largest share of the global protein supplements market in 2022 and is anticipated to hold its share during the forecast period. Based on application, the protein supplements market is segmented into: functional food, sports nutrition. In 2022, the sports nutrition segment made up the largest share of revenue generated by the protein supplements market. On the basis of distribution channel, the protein supplements market also can be divided into: drug stores, e-commerce, gym and health clubs, specialty stores, supermarkets and hypermarkets, others. Among these, the e-commerce segment was accounted for the highest revenue generator in 2022. Protein supplements market by region is categorized into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

Market Segmentation
By source: animal-based, plant-based
By product: bars, protein powders, ready to drinks (RTDs), others
By application: functional food, sports nutrition
By distribution channel: drug stores, e-commerce, gym and health clubs, specialty stores, supermarkets and hypermarkets, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides a detailed analysis of several leading protein supplements market vendors that include Abbott laboratories, Amway Corporation, Beijing Competitor Sports Science Technology JSC Ltd., BioTech USA Kft. (Scitec), By-Health Co., CytoSport Inc. (PepsiCo, Inc.), Dymatize Enterprises LLC (BellRing Brands, Inc.), Glanbia plc, GNC Holdings, LLC (Harbin Pharmaceutical Group Co., Ltd.), Herbalife Nutrition Ltd., HNC Healthy Nutrition Company (UK) Ltd. (Maxinutrition & Maximuscle), Iovate Health Sciences International Inc., Makers Nutrition, LLC, Meiji Holdings Co., Ltd., Mondelez International Inc., MusclePharm Corporation, Nestle S.A. (The Bountiful Company), Optimum Nutrition, Inc., Post Holdings Inc., Simply Good Foods Company (Quest Nutrition, LLC), The Bountiful Company (NBTY Inc.), The Hut Group, Vitaco Holdings Ltd. (Shanghai Pharmaceuticals Holding Co., Ltd.), Weider Health and Fitness, Inc., Xiwang Foodstuffs Co., Ltd. (MuscleTech), Zhejiang CONBA Pharmaceutical Co., Ltd., among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global protein supplements market.
• To classify and forecast the global protein supplements market based on source, product, application, distribution channel, region.
• To identify drivers and challenges for the global protein supplements market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global protein supplements market.
• To identify and analyze the profile of leading players operating in the global protein supplements market.

Why Choose This Report
• Gain a reliable outlook of the global protein supplements market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.