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 News From Technology - In The Headline

Virgin Galactic reveals futuristic outpost for space tourism

Aug 17, 2019

UPHAM, N.M. — Spaceport America is no longer just a shiny shell of hope that space tourism would one day launch from this remote spot in the New Mexico desert. The once-empty hangar that anchors the taxpayer-financed launch and landing facility has been transformed into a custom-tailored headquarters where Virgin Galactic will run its commercial flight operations. Two levels within the spaceport include mission control, a preparation area for pilots and a lounge for paying customers and their friends and families, with each element of the fit and finish paying homage to either the desert landscape that surrounds the futuristic...

CBS, Viacom to reunite as media giants bulk up for streaming

Aug 17, 2019

NEW YORK — CBS and Viacom announced a long-anticipated reunion Tuesday, bringing together their networks and the Paramount movie studio as traditional media giants bulk up to challenge streaming companies like Netflix. Viacom CEO Bob Bakish, who will become CEO of the combined company, said the new ViacomCBS will be "one of only a few companies with the breadth and depth of content and reach to shape the future of our industry." Analysts say the reunion will help both companies navigate an ever-competitive streaming landscape. Viacom owns Paramount Pictures and pay TV channels such as Comedy Central, MTV and BET,...

New Michael Moore-backed doc tackles alternative energy

Aug 17, 2019

LOS ANGELES — What if alternative energy isn't all it's cracked up to be? That's the provocative question explored in the documentary "Planet of the Humans," which is backed and promoted by filmmaker Michael Moore and directed by one of his longtime collaborators. It premiered last week at his Traverse City Film Festival. The film, which does not yet have distribution, is a low-budget but piercing examination of what the filmmakers say are the false promises of the environmental movement and why we're still "addicted" to fossil fuels. Director Jeff Gibbs takes on electric cars, solar panels, windmills, biomass, biofuel,...

Streaming music may make cases like Katy Perry's more common

Aug 17, 2019

LOS ANGELES — To show that Katy Perry and the team that wrote her 2013 hit "Dark Horse" may have heard his song and stole from it, Christian rapper Marcus Gray's primary evidence was that his 2009 song, "Joyful Noise" had plays in the millions on YouTube and Spotify. Plaintiffs in copyright cases like Gray, who won a $2.78 million victory over Perry and her co-writers on Thursday, must prove that the artist who stole from them had a reasonable opportunity to hear a song that was widely disseminated, a principle lawyers simply refer to as "access." But does access...

No prison for British cyber expert in malware case

Aug 17, 2019

MILWAUKEE — A British cybersecurity expert who admitted writing and selling malware was spared prison Friday by a judge who said the misconduct was outweighed by his help in stopping a worldwide computer virus in 2017. Marcus Hutchins, who was hailed as a hero for his role in stopping the "WannaCry" virus, was sentenced to time served by U.S. District Judge J.P. Stadtmueller. The judge noted Hutchins had pleaded guilty and accepted responsibility for his work on the malware years earlier. "Mr. Hutchins turned the corner with regard to the conduct that led to these charges," Stadtmueller said. Hutchins, 25,...

Sign up now!

About Us

In The Headline sought to bring professionalism back into journalism, bringing you only the most exclusive and the most impactive news from all over the globe.

Contact us: sales[at]intheheadline.com