The global protein supplements market is projected to grow at a modest CAGR of nearly 5.8% during the forecast period (2021-2027). The primary factor driving the protein supplements market is the increasing popularity of protein supplements in the millennials and the rising importance of an active and healthy lifestyle. Further, the growing awareness regarding the health benefits provided by protein supplements is another major factor propelling the growth of the market. Further, increasing disposable income, shift towards protein-rich diets, and increasing health awareness are some factors accelerating the market growth.
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The availability of low-cost alternatives and some negative effects of protein supplements is hindering the growth of the market. For instance, according to the American Heart Association, a daily added sugar limit of 25 to 36 grams is recommended, however, some protein powders have as much as 23 grams of added sugar per scoop. Others contain artificial sweeteners such as sucralose or aspartame, which can be harmful in large quantities. Thus, it may affect the health of consumers.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Protein Supplements Market-Segmentation
By Technology
- Whey Protein Supplement
- Pea Protein Supplement
- Casein Protein Supplement
- Others (Soy Protein Supplement)
By Source
- Animal-based
- Plant-based
By Form
- Powder
- Bars
- Ready-to-drink
Global Protein Supplements Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- •Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global protein supplements market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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