Market Overview
International Protein Supplements Market is speculated to witness significant growth at CAGR of 7.5%. Through the process, it is expected to reach USD 24,004.8 Million. The growth is expected to be achieved by 2025. Protein supplements primarily are the type of products used when the need to provide additional nutritional value to the regular food is felt. In this era, when people are highly health-conscious, the market of such is certainly expected to grow at a significant rate.
When it comes to boosting the fitness level, protein supplements indeed play a major role. Its ability to improve metabolism rate is quite significant. Through the growing level of awareness among modern-day people about diseases caused by lack of protein nutrients, the demand for protein supplement is obvious to be at the peak. With such a huge demand, the global protein supplements market looks promising all over the globe. Also, a greater number of people aiming to have the on-the-go meal replacing products have emphasized protein supplements significantly.
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The number of health issues starting from obesity to decreased level of immunity has been playing a crucial role in growth of international protein supplement market. All these are emphasizing about greater consumption of protein supplements contribute immensely towards the market prospect of protein supplements. Apart from this, the consumption rate of sports nutritional products has significantly increased as well. Making things competitive, the prices of many reckoned brands have gone lower, which plays a crucial role in strategic boost of the international protein supplement market.
Key Players
The Prominent Players in the Global Protein Supplements Market Include The Nature’s Bounty Co. (US), Glanbia plc (Ireland), Herbalife Nutrition Ltd. (US), GlaxoSmithKline plc (UK), Abbott Laboratories (US), Amway Corp (US), GNC Holdings, Inc. (US), Vitaco Health Group (New Zealand), Living Essentials Marketing, LLC (US) and Garden of Life, LLC (US)
Industry News
3rd Watch News publishes a report about the International Protein Supplement Market. It analyses all the key aspects associated with the market playing a major role in growth of the scope. The report predicts the growth rate at the key domains. It analyses the factors making the top nation’s leading from the front in this segment
Segmentation
In terms of source, the international protein supplements market is segmented into plants, animals, and others. Among these, the animal segment is speculated to remain the most prominent. Its market value is expected to be USD 15,782.5 million by the end of 2025.
Coming to the plant segment, it is expected to grow at CAGR of 8.15% in between the forecasted period 2019–2025. Growing veganism is touted as the prime reason behind the popularity of plant-based protein. Moreover, this segment provides a huge variety of options in comparison to others, thus fuelling the growth. From a regional perspective, it is segmented into North America, Europe, Asia Pacific, and the rest.
Regional Analysis
Based on region, the international protein supplement is segmented into North America, Europe, Asia Pacific, and the rest. North America is speculated as to the most dominating among all.US, and Canada is indeed the major contributor. Here the market is expected to grow at CAGR of 7.1 %. In Asia Pacific, India, Japan, and China are undoubtedly the major players driving the growth rate. Coming to Europe, UK and Germany are indeed the leading players in this part of the world. It is expected to grow at a CAGR of 7% during the forecasted period. Interestingly, the Middle East and African market are also looking quite noteworthy.
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