Industry Outlook and Trend Analysis
The Protein SupplementMarket was worth USD 1.67 billion in the year 2014 and is expected to reach approximately USD 2.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.59% during the forecast period. The developing interest for protein among ladies attributable to the "solid not thin" pattern and rising fame of protection preparing for ladies are probably going to fuel the market development. In addition, the expanding reception of high protein abstains from food as a piece of weight lessening is required to move the demand. The simple and inexhaustible accessibility of crude materials including whey, casein and soy combined with the expanding interest for sports nourishment and nearness of countless including Glanbia; NBTY; and IOVATE is probably going to drive request over the conjecture time frame. However, variances in the crude material costs and controls on nourishment allergens are probably going to block the business development over the forecast period.
Raw Material Outlook and Trend Analysis
On the basis of Raw Material, the worldwide Protein supplementmarket is segmented into Whey, Casein, Soy, Pea and other raw materials. Whey was the overwhelming raw material section and represented highest market share in 2016. The components adding to the section development incorporate expanded selection of the item to maintain and constructing bulk, upgrading the recuperation of competitors from overwhelming activities, and building muscle quality because of continuance and quality preparing. Pea protein is relied upon to witness the quickest development over the forecast period owing to its developing prevalence among different end users including vegetarians and those sensitive to egg and dairy proteins.
Source Outlook and Trend Analysis
On the basis of Source, the worldwide Protein Supplementmarket is segmented into Animal Based and Plant based. By source, animal based protein was the predominant section and represented major market income in 2016 by virtue of its simple accessibility, high rate of ingestion, and the nearness of a few supplements including vitamin B12, vitamin D, DHA, Heme-iron, and zinc. However, plant-based proteins are relied upon to witness the speediest development over the forecast period because of developing fame among customers including vegans and those people adversely affected by dairy and egg items.
Product Outlook and Trend Analysis
On the basis of Product, the worldwide Protein Supplementmarket is segmented into Protein Powders, Protein Bars, RTD and other products. Protein powder was the most favored item fragment in 2016 and represented major income of the market. Protein powder is relied upon to witness generous development and remain the prevailing item section over the estimate time frame. The solid online deals, mass appropriation channels, and expanding number of independent mass confronting brands by different organizations including Glanbia, NBTY and IOVATE are required to drive the request.
Distribution Channel Outlook and Trend Analysis
On the basis of Distribution Channel, the worldwide Protein Supplementmarket is segmented into Supermarket, Online Stores, DTC and other distribution channels. The expanding number of web clients, straightforward entry, and quick paced way of life, all day, every day accessibility, accommodation, and access to wide choices are the elements driving on the web deals. Besides, exchange entryways, rebates and offers on items, and different limited time techniques are relied upon to fuel online deals over the figure period. DTC or Direct-to-customer is the quickest developing deals channel attributable to the expanding speculation by significant organizations including Glanbia, Mission Sustenance, IOVATE, and NBTY to grow their shopper base and broaden reach in China and India.
Application Outlook and Trend Analysis
On the basis of Application, the worldwide Protein Supplementmarket is segmented into Sports Nutrition and Functional Foods. The expanding interest for sports nutritional supplements from nations including the U.S., Canada, the UK, Germany, Italy, and India is relied upon to drive request over the estimate period. Moreover, the developing interest for sports wholesome supplementation to advance slender muscle development, enhance execution and stamina, and weight diminishment combined with the expanding number of exercise center goers is required to fuel showcase demand.
Regional Outlook and Trend Analysis
North America was the overwhelming business sector in 2016 and represented highest market share because of the nearness of an expansive number of players and the developing games sustenance industry. The developing interest for wellness supplements from customers and competitors is relied upon to fuel showcase development over the estimate time frame. Europe is relied upon to demonstrate a sensible development over the conjecture time frame inferable from an accentuation on solid living, developing pattern toward preventive medicinal services, and expanding interest for protein supplementfrom nations including the UK and Germany.
Key players at present engaged with generation incorporate are GNC; NOW Foods; NBTY; AMCO; Quest Nutrition; and IOVATE. The key market players have set up their appropriation systems for the supply of items in creating areas including Focal and South America and Asia Pacific inferable from the expanding request from these districts.
The Protein SupplementMarket is segmented as follows-
By Raw Material:
By Distribution Channel:
Rest of Europe
Rest of Asia Pacific
Rest of the World
United Arab Emirates
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?