Protein Supplements are large molecules which are formed from one or more chains of amino acids in a specific order. The order is determined by the base sequence of nucleotides in the genes that compose the protein. Mainly, Protein Supplements are required for structure, function, and regulation of body’s cells, tissue, and various organs. Generally, Protein Supplements are considered important for muscle growth, as proteins help in building muscle mass as well as repair damaged muscle tissue. Due to this reason, the consumption of protein powder is increasing among fitness enthusiasts, athletes, and regular gym-goers. Also, Protein Supplements are widely used in the production of food and beverages, personal care products, cosmetics and pharmaceuticals.
Global Protein Supplements Market: Key Players
The research study includes profiles of leading companies operating in the global Protein Supplements market. Key players profiled in the report include: Nature's Bounty Co., Glanbia plc, Herbalife Nutrition Ltd., GlaxoSmithKline plc, Abbott Laboratories, Amway Corp, GNC Holdings, Inc., Vitaco Health Group, Living Essentials Marketing, LLC, and Garden of Life, LLC.
Drivers for the Global Protein Supplements Market:
According to current market condition, growing investments in research to substitute high fat, gluten, and cholesterol ingredients with protein fortification in baked goods is majorly driving the demand for the market. The growing obesity and consciousness have made consumer's to shift their focus on healthy diets with highly nutritive value food and with relatively low-fat this is driving the global Protein Supplements market. Furthermore, increasing urbanization, rising incomes and aging populations is responsible for leading healthy life, whereby the contribution of protein to healthy aging is increasingly recognized. Factors, such as hectic lifestyle and rising health consciousness are anticipated to boost the overall market growth. In addition, growing functional advantages including muscle repair, energy boost, and weight loss are projected to further fuel the demand.
Opportunities for the Global Protein Supplements Market:
The manufacturers of Protein Supplements have huge opportunity from the untapped Nutraceuticals sector of Asia-Pacific and Latin America. Increase in shift in demographics in the consumption of protein supplements rom core athletes to lifestyle users and recreational users that are focusing on adopting a healthier lifestyle is consider as one of the major factors that will drive the growth of the market in the forecast period.
Restrains for the Global Protein Supplements Market:
The major hindrance for the growth of Protein Supplements market is the fluctuating raw material prices across the globe. Also, the demand and supply gap of the grains leads to the high prices of Protein Supplements, thereby restraining the market growth. It is associated with higher energy use and GHG emissions than plant-based foods. This is restraining the growth of the market.
Region Wise, Global Protein Supplements Market Analysis:
North America held maximum share in Protein Supplements market due to a rise in the growth of the overall economies as well as rise in investments by key manufacturers. Further increasing utilization in a wide variety of processed foods, especially in the ready-to-eat product category, growing inclination toward vegan and growing sports nutrition industry are contributing to the growth of the Protein Supplements market in this region. North America region is followed by Asia pacific and Europe due to rising population coupled with changing lifestyle of people is expected to drive the market growth over the forecast period. Growing brand awareness campaigns and marketing strategies by the manufacturers is expected to augment the market growth in these regions. Growing demand for fitness supplements is expected to propel the market growth in Asia Pacific countries like India and China.
Covid-19: Impact and Recovery Analysis for Global Protein Supplements Market:
The world is greatly affected by the uncertain raise of the covid-19 Pandemic among the population. The Corona virus outbreak has disrupted & disturbed every sector of business as well as human activity. In most parts of the world there has been a complete restriction set by governments regarding various activities and in turn this is greatly affecting the financial stability of industries like Protein Supplements market globally. COVID-19's association with animal sources will result in a large population shifting from animal-based proteins to alternative proteins due to various health and environmental concerns. The pandemic has also led to some best practice models for the alternative protein industry.
Global Protein Supplements Market: Product analysis
- Casein Protein Supplement
- Whey Protein Supplement
- Soy Protein Supplement
- Pea Protein Supplement
Global Protein Supplements Market: Application analysis
- Nutrition Store
- Health Food Store
- Specialist Sport Store
Global Protein Supplements Market: Region analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of L.A.
- Middle East and Africa
- South Africa
- Rest of Middle East