The Protein Supplements Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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As delineated by The Business Research Company’s Protein Supplements Global Market Report for 2024, the landscape of the protein supplements industry has witnessed robust expansion in recent years, with projections indicating a substantial rise from $20.39 billion in 2024 to $22.25 billion in 2024, boasting a notable compound annual growth rate (CAGR) of 9.1%. This growth trajectory in the historical context is attributable to escalating levels of fitness consciousness, heightened awareness regarding the manifold benefits of protein consumption, the burgeoning sports nutrition sector, evolving dietary preferences, and a surge in product innovation coupled with an extensive array of offerings.

Forecasts indicate an imminent surge in the dimensions of the protein supplements market over the ensuing years, poised to escalate to $33.24 billion by 2028, sustaining a formidable compound annual growth rate (CAGR) of 10.6%. This anticipated growth in the forecasted period can be ascribed to an unwavering emphasis on health and wellness, a burgeoning inclination towards plant-based dietary regimes, the proliferation of e-commerce platforms and direct-to-consumer paradigms, the advent of personalized and targeted nutritional regimens, and the seamless integration of protein supplements into everyday dietary practices. Noteworthy trends anticipated in the forecast period encompass pioneering advancements in textures and formats, the relentless pursuit of sports nutrition and performance augmentation, the ascendancy of collagen supplements, the pivotal role of brand transparency and consumer trust, and the pervasive influence of social media platforms on marketing endeavors.

The rise in customer preference for food supplements is driving the protein supplements market. Food Supplements are intended to make up for dietary deficiencies among individuals through their regular diet. The desire to lead active and healthy lifestyles has increased participation in sports and fitness activities, driving the demand for food supplements, especially protein supplements. For instance, in October 2022, according to the Consumer Survey on Dietary Supplements, a 2022 online survey among 3,133 U.S. adults age 18+, and 2,342 adults consuming dietary supplements seasonally, conducted by The Council for Responsible Nutrition (CRN), a US-based trade association representing more than 200 dietary supplement and functional food manufacturers, 75% of Americans use dietary supplements where majority of supplement users are regular users. Thus, an increase in customer preference for food supplements is expected to boost the demand for protein supplements during the forecast period.

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The protein supplements market covered in this report is segmented –
1) By Type: Protein Powder, Protein Bar, Ready to Drink
2) By Source: Plant-based, Animal-based
3) By Raw Material: Casein Protein Supplements, Whey Protein Supplements, Egg Protein Supplements, MPC Protein Supplements, Soy Protein Supplements
4) By Distribution Channel: Supermarkets & Hypermarkets, Online Stores, Drug Stores

Leading entities operating within the protein supplements sphere are actively engaged in the development of innovative products, including plant-based protein supplements, aimed at gaining a competitive edge in the marketplace. Plant-based protein supplements, constituting dietary adjuncts derived from botanical sources such as peas, rice, soy, hemp, or other plant-derived constituents, offer a concentrated and convenient reservoir of protein for individuals seeking alternatives to conventional animal-based sources. A case in point is the initiative undertaken by Dymatize, a reputable US-based purveyor of nutritional supplements, which unveiled the Complete Plant Protein in July 2022. This high-performance powder, fortified by a quintet of plant-based sources, ensures a comprehensive amino acid profile for optimal protein delivery pre- or post-workout. Boasting 25 grams of protein per serving, with 160 calories or fewer, and devoid of sugar, this vegan powerhouse is available in Creamy Chocolate and Smooth Vanilla variants, proffering a delectably distinctive and versatile option sans artificial additives, soy, or dairy constituents. Positioned as a clean and savory alternative, it caters to the discerning needs of fitness aficionados, facilitating muscle recovery and the pursuit of ambitious fitness objectives with unparalleled efficacy.

The protein supplements market report table of contents includes:
1. Executive Summary
2. Protein Supplements Market Characteristics
3. Protein Supplements Market Trends And Strategies
4. Protein Supplements Market - Macro Economic Scenario
5. Global Protein Supplements Market Size and Growth
.....

32. Global Protein Supplements Market Competitive Benchmarking
33. Global Protein Supplements Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Protein Supplements Market
35. Protein Supplements Market Future Outlook and Potential Analysis
36. Appendix

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