What is Protein Supplements Market?
Protein Supplements present in powdered, and liquid form is taken post workout to repair the muscles. It is taken with the water within 10-15 minutes of workout. This supplements are recommended by trainers, teammates, family, and friends which is helping the market positively. Additionally the demand is increasing in young population and athletes
The market study is being classified by Type (Whey Protein, Egg Protein, Soy Protein, Casein and Others), by Application (Functional Foods and Sports Nutrition) and major geographies with country level break-up.
Amway Corporation (United States), Abbott Laboratories (United States), ABH Pharma (United States), GlaxoSmithKline (United Kingdom), GNC Holdings (United States), Glanbia Group (Ireland), New Vitality (United States), Nu Skin Enterprises (United States), Makers Nutrition (United States) and Vitaco Health (New Zealand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Forever Living (United States), Shaklee Corporation (United States) and USANA Health Sciences (United States).
In this market of protein supplement the key players are looking for the improvement of marketing strategies and launch of new products which will affect the market positively Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Protein Supplements market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Protein Supplements market by Type, Application and Region.
On the basis of geography, the market of Protein Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Consumer’s Inclination towards the Health Consciousness and Consumption of Supplements
- Growing Concerns over the Aesthetics of the Body
Market Trend
- Rapid Surge in Demand for Sports Nutrition Products
- Setup of Brand Awareness Campaign and Marketing Strategies by Leading Manufacturers
Restraints
- Rapid Surge in Demand for Sports Nutrition Products
- Setup of Brand Awareness Campaign and Marketing Strategies by Leading Manufacturers
Opportunities
- Rising Disposable Income in Developing Countries
- Growing E-Commerce Industry is leading to Ease of Buying the Product
Challenges
- Acceptance of Plant Based Proteins may affect the Market
Market Leaders and some development strategies
In 2019, the GNC Holdings, Inc. has integrated its manufacturing division with IVC, which is a global leader in vitamins and nutritional supplement
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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