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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Protein Supplements Market Size
The global protein supplements market reached a value of approximately USD 23.93 billion in 2023. The market is projected to grow at a CAGR of 8.4% between 2024 and 2032, reaching a value of around USD 49.20 billion by 2032.
Protein Supplements Market Outlook
- In 2023, the FDA introduced the Dietary Supplement Ingredient Directory, enabling public access to information on supplement ingredients in the United States.
- The Commonwealth Scientific and Industrial Research Organisation predicts Australia's vitamin and supplement market to hit USD 5.2 billion by 2030.
- As per industry reports, in 2023, egg production in Baja California, Mexico, surged to 31,848,604.
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