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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Protein Supplements Market Share
Plant-based protein supplements are increasingly consumed by individuals in the protein supplement market
Plant-based protein supplements cater to the growing number of individuals adopting vegetarian and vegan for health, ethical, or environmental reasons. Plant-based proteins, derived from sources like peas, soy, hemp, and rice, offer a complete or complementary amino acid profile comparable to animal-based proteins, making them suitable for muscle building and overall nutrition.
Additionally, plant-based proteins are often perceived as easier to digest and have additional health benefits such as lower saturated fat content and higher fibre content. Innovations in taste and texture have also made plant-based protein supplements more palatable and appealing to a broader consumer base, driving the protein supplements demand growth.
Protein supplements are extensively used in sports nutrition due to their pivotal role in muscle development, repair, and recovery
Athletes and active individuals require higher protein intake to support muscle protein synthesis, especially after exercise sessions that cause muscle breakdown. Protein supplements offer a convenient and concentrated source of amino acids, the building blocks of proteins, which are essential for rebuilding and repairing muscle tissues.
Moreover, these supplements provide a digestible form of protein, making it easier for athletes to meet their increased protein needs. This convenience is crucial for maintaining consistent protein intake schedules, crucial for optimising muscle adaptation and recovery in the competitive sports environment.
Protein Supplements Market Report Snapshots
Protein Supplements Market Size
Protein Supplements Market Growth
Protein Supplements Market Trends
Protein Supplements Market Share
Protein Supplements Manufacturers
Protein Supplements Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The protein supplements market was valued at USD 23.93 billion in 2023.
The market is projected to grow at a CAGR of 8.4% between 2024 and 2032.
The revenue generated from the protein supplements market is expected to reach USD 49.20 billion in 2032.
The market is being driven by the growing health awareness among people, increase in the number of fitness centres around the world, rise in purchasing power, growing middle class population, and increasing consumption of processed food products.
The growing consumer awareness of the benefits offered by protein supplements supported by aggressive marketing strategies and the increasing product innovations by the manufacturers are the key trends guiding the market growth.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The leading forms of protein supplements in the market are powder, bars, and ready-to-drink, among others.
Based on the application, the market is divided into sports nutrition, functional food, and others.
The significant distribution channels in the market are supermarkets and hypermarkets, drugstore, nutrition store, and online, among others.
The market key players are Glanbia PLC, Nestlé S.A., lovate Health Sciences International Inc., The Hut.com Limited, and Ultimate Nutrition Inc., among others.
The market is categorised according to the source, which includes animal-based and plant-based.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124