Market Overview
Protein Supplements Market is estimated to be valued at USD 24,004.8 Million by 2025, registering a CAGR of 7.5% during the forecast period. Protein supplements help in muscle building and prevent future diseases. They are widely used by athletes, bodybuilders, and people who attend commercial gyms for strength building and enhancing athletic performance. Increasing health consciousness and awareness regarding the benefits of protein supplements, a rising number of fitness centers and health clubs, and expansion of the retail sector are boosting the growth of the global protein supplements market. Moreover, the increasing demand for plant-based protein supplements has created opportunities for market players. However, the high prices of protein supplements are the major factor restraining the growth of the market.

North America constituted a dominant share of the protein supplements market in 2018 due to the presence of major key players in the region. The US, followed by Canada, is among the lucrative markets for manufacturers in the region. The expansion of product portfolios by key manufacturers is a significant factor driving the growth of the protein supplements market in North America. Market players are focused on innovation and are introducing new flavors of protein supplements to expand their customer base. The market in Asia-Pacific is projected to grow at the fastest growth rate during the review period. The expanding organized retail sector in the emerging economies of Asia-Pacific is also expected to augment the growth of the protein supplements market during the forecast period. Developing nations such as China, India, and Indonesia are among the major contributors to the growth of the protein supplements market in the region. Key manufacturers are availing of the lucrative opportunities in Asia-Pacific by expanding their presence in the region and introducing new flavors variants.

Moreover, market players are offering protein supplements aimed at weight loss to tap into a growing consumer base. They are also targeting sports enthusiasts, such as athletes and gym-goers. Moreover, the growing population, along with increasing disposable income, is positively influencing the growth of the protein supplements market in the region.

Competitive Analysis

Market Research Future recognizes 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) as the Key Players in the Global Protein Supplements Market.

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Key Findings of the Study

The Global Protein Supplements Market is expected to register a growth rate of 7.5% from 2019 to 2025. Increasing consumer trends towards a healthy lifestyle followed by the growing number of fitness centers and health clubs are projected to propel the growth of the global protein supplements market.

The animal segment is estimated to retain its prominent share by 2025. The plant segment is projected to register a growth rate of 8.15% during the forecast period.

The powder segment is estimated to retain its prominent share by 2025. Whereas, the bar segment is estimated to register the highest growth rate of 8.40% during the forecast period.

The store-based segment accounted for the largest market share in 2018 and is expected to grow at a rate of 7.30% during the forecast period.

Regional Analysis

Geographically, the global protein supplements market has been categorized into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest share in 2018. Whereas Asia-Pacific is projected to register the highest CAGR of 8.46% during the forecast period. Europe is expected to grow at a lucrative growth rate during the forecast period.

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