Global Protein Supplement Market is projected to grow at a CAGR over 4.56% during the period 2017-2023
Market Analysis:
The global
market for protein supplement has witnessed continued demand during the last
few years and is projected to reach 1,247.78 kilo tons by 2023, at a CAGR of
4.56%. Diverse demand of protein supplement across nutraceutical manufacturing
industries and sports and nutrition products manufacturers are likely to drive
the global protein supplement market. Plant sourced protein supplement is
estimated to witness the higher growth rate. High focus on R and D has led to
innovations in the protein supplement products which is likely to attract the
consumers resulting in higher sale of protein supplements.
Regional Analysis:
By 2023, plant sourced protein supplement will grow with a CAGR of 4.95%
during the forecast period 2017-2023. Increase in health awareness has positive
impact on the consumption of protein supplement in the developed countries of
various region. Protein Supplement is found to be a rich source of calcium and
is often fortified with vitamins. These two major factors are supporting its
sale amongst the consumers of various regions.
Application of protein supplement in nutraceuticals will continue to
dominate the protein supplement market followed by sports and nutrition based
application. Nutraceutical based application will hold more than 50% market
share and it is projected to grow with a CAGR of 5.14% by 2023. Application in
sports and nutrition will witness a growth rate (~4.57%) during forecast period
2017 to 2023. The application of protein supplement in nutraceuticals will
witness significant growth in upcoming years due to high nutritional value of
the product.
North America will continue to dominate the protein supplement market and
it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023.
Asia-Pacific will witness highest growth rate during forecast period 2017 to
2023 backed up by economy developments. Europe region will witness moderate
growth rate in protein supplement market for the same period. Growing
popularity of health products and dietary supplements in Europe and North
America is driving the market of protein supplement in the region.
Key
Players
The leading market players in the global
protein supplement market primarily are Glanbia Plc. (Ireland), Archer Daniels
Midland Company (U.S.), GNC Holdings Inc. (U.S.), Herbalife Ltd (U.S.),
GlaxoSmithKline Plc. (U.K.), Abbott Laboratories (U.S.), Amway (U.S.)
By Downstream analysis-
By 2023,
plant sourced protein supplement will reach more than 500 kilo tons. The easy
availability and high protein content of plant based protein in addition to
easy processing for protein extraction is supporting the growth of plant based
protein supplement in the market.
Application
of protein supplement in nutraceuticals holds a lion’s share of the total market
share and it is projected to grow at a CAGR of 5.14% by 2023. However, sports
nutrition based application will witness the high growth rate (~4.57%) during
forecast period 2017 to 2023. By 2023, powder form of protein supplement is
projected to hold a major share and is projected to have a significant growth
rate backed up by high shelf-life of the product.
Regional Analysis
North
America will continue to dominate the protein supplement market with more than
30% market share and it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023.
Asia-Pacific will witness the highest growth rate (~5.87%) during forecast
period 2017 to 2023. Europe region will witness the growth of 2.58% in protein
supplement market for the same period. Growing popularity of consumption of dietary
supplements imparting necessary nutrients to the body is driving the market
growth of protein supplement globally. Increasing health awareness and adoption
of healthy lifestyle is playing a key role in the protein supplement market
growth from last few years.
Table
of Content:
List of Figures
FIGURE
1 RESEARCH METHODOLOGY 14
FIGURE 2 PRIMARY RESEARCH 15
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 16
FIGURE 4 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF PROTEIN SUPPLEMENT
FIGURE 5 DRIVERS OF PROTEIN SUPPLEMENT S MARKET 18
FIGURE 6 RESTRAINTS OF PROTEIN SUPPLEMENT S MARKET 19
FIGURE 7 GLOBAL PROTEIN SUPPLEMENT MARKET SUPPLY TRENDS AND FORECAST (2017-2023)
FIGURE 8 GLOBAL PROTEIN SUPPLEMENT MARKET DEMAND TRENDS AND FORECAST, BY FUNCTION (2017-2023) 22
FIGURE 9 EMERGING MARKETS (SUPPLY & DEMAND) 23
FIGURE 10 TREND IN EXPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 24
FIGURE 11 TREND IN IMPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 25
FIGURE 12 PATENTS ON PROTEIN-1995-2017
FIGURE 2 PRIMARY RESEARCH 15
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 16
FIGURE 4 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF PROTEIN SUPPLEMENT
FIGURE 5 DRIVERS OF PROTEIN SUPPLEMENT S MARKET 18
FIGURE 6 RESTRAINTS OF PROTEIN SUPPLEMENT S MARKET 19
FIGURE 7 GLOBAL PROTEIN SUPPLEMENT MARKET SUPPLY TRENDS AND FORECAST (2017-2023)
FIGURE 8 GLOBAL PROTEIN SUPPLEMENT MARKET DEMAND TRENDS AND FORECAST, BY FUNCTION (2017-2023) 22
FIGURE 9 EMERGING MARKETS (SUPPLY & DEMAND) 23
FIGURE 10 TREND IN EXPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 24
FIGURE 11 TREND IN IMPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 25
FIGURE 12 PATENTS ON PROTEIN-1995-2017
CONTINUED……………………………………………………………………..
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