26 May 2021
Global Protein Powder Market is valued at USD 6594.4 Million in 2020 and expected to reach USD 31798.5 Million by 2027 with the CAGR of 25.2% over the forecast period.
The Detailed Market intelligence report on the Protein Powder Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Protein Powder Market place for the forecast 2020– 2025.
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Scope of The Report:
Major factors that are powering the protein powder market comprise the increase in awareness about the advantages of protein, such as streamlined weight administration and expanded vitality.
Proteins are fundamental supplements required for humans. They are important for proper growth and maintenance of the body. Proteins are accessible in a broad range of foods. The entire protein is a mixture of different components such as, meat, amino acids eggs, nuts, milk, seeds, fruits, and other. Protein powder was launched in the market, as it was very hard to get full protein from just food. Soy protein, casein, and whey protein, are the major kinds of protein powder. Protein powder is an extra source of protein, which is essential in terms of metabolism influence of protein and possibly on the implementation of the muscles activity. The protein powder has different advantages such as boosts energy, body building, tones the muscles, helps the body to recover from an injury, and builds lean mass. These advantages have prompted users to user protein powder on every day basis. All these benefits make the protein powder more liked all around the globe. Requirement for protein powder is high amongst athletes.
During protein powder market analyses, the market was divided on the basis of flavor, type, distributional channel, source, and geography. On the basis of type, the protein powder market has been divided into whey protein, soy protein, casein protein, and others. Whey protein is the most widespread supplement amongst the three protein powder kinds. Whey protein powder is a complete protein supplement, which means users who want to lose weight and need to build muscle, are predicted to get all important ingredients. On the basis of flavor, the global protein powder market is divided into extreme chocolate milk, double rich chocolate, cookies and cream, vanilla cream, strawberry, mocha cappuccino, and others. Based on source, the protein powder market has been divided into plant, animal, and others. In terms of distributional channel, the global market for protein powder has been divided into online, supermarkets/hypermarkets, nutrition store, chemist/drugstore, specialist sports store, health food store, and others.
Protein Powder Companies
The major players studied during the global protein powder market analysis are,
ABH Pharma Inc.
Herbalife International of America, Inc
Garden of Life
USANA Health Sciences
Atlantic Multipower UK Limited
Increase In Awareness About The Advantages Of Protein To Power The Growth In The Market
Major factors that are powering the protein powder market comprise the increase in awareness about the advantages of protein, such as streamlined weight administration and extended vitality. Other factors which are predicted to power the global protein powder market are the increase in the disposable revenue and the rising standard of living of the middle class people. Apart from sports sector, protein powder has great opportunity in the non-sports industry, which in turn is predicted to power the global market during the coming period. Furthermore, the high rate of obesity among adolescents and children is powering the requirement for smart electronic devices.
Europe And North America Are Predicted To Have Major Share Of The Global Market
In terms of region, the protein powder market is divided into Europe, North America, Middle East & Africa, Asia Pacific, and South America. Europe and North America are predicted to have major share of the global market, since people in the area are aimed on more fitness and body shape. The market in Asia Pacific is predicted to extend at a high speed during the coming period owing to the increase in urbanization in the region and high awareness about protein supplement.
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Key Market Segments:
Raw Material: Whey, Casein, Soy, Pea, Others
Source: Animal-based, Plant-based
Product: Powder, Bars, Ready to Drink, Others
Distribution Channel: Supermarkets, Online Stores, Direct to Customers (DTC), Others
Application: Sports Nutrition, Functional Food
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
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