The Global Protein Supplements Market is expected to grow at a CAGR of 6.7% and is projected to reach a market size of US$ 22.3 Bn by 2026.”
Market reports under the Protein Supplements industry are supported by various macro and micro economic factors impacting the industry. Rising awareness about health and wellness, coupled with an increase in the number of fitness centres, is boosting the overall market growth of protein supplements. Further, a positive outlook towards sports nutrition on account of the rising importance of leading an active lifestyle, coupled with the increasing awareness about the benefits of protein, is resulting in a rise in demand for protein supplements products.
Further, a positive outlook towards sports nutrition on account of the rising importance of leading an active lifestyle, coupled with the increasing awareness about the benefits of protein, is resulting in a rise in demand for protein supplements products.
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Market Segmentation of Protein Supplements Market:
Following Top Key players are profiled in this Market Study:
Glanbia Plc., Quest Nutrition, AMCO Proteins, Quest Nutrition, NOW Foods, NBTY, Inc., MusclePharm Corporation, Abbot Laboratories, Cyto Sport Inc., IOVATE Health Sciences International Inc., Transparent Labs, JYM Supplement Science, RSP Nutrition, Nutrabolt, Dymatize Enterprises LLC, BPI Sports, and LLC, among others
End- Users: Sports Nutrition, Functional Food,, others
Regional Analysis of Protein Supplements Market:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
North America region dominated the market in 2018 and is expected to display a similar trend in the coming years.
In terms of different regions, North America dominated the market in 2018. The U.S and Canada are prominent markets in North America, owing to a rise in demand for protein supplements among consumers across the globe. Further, key players operating in the region have been benefitting from the abundant supply of raw materials, thereby resulting in an increase in protein supplements over the years. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. A shift in the consumption pattern of consumers and increasing focus on preventive healthcare are boosting the overall growth of the protein supplements market.
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