Protein Supplements Market Report, By Source (Animal, Plants), Raw Materials (Whey, Casein, Soy, Pea), Product (Protein Powder, Protein Bars, Ready to Drink), Distribution Channel (Supermarkets & Hypermarkets, Online Stores, Convenience Stores, Drug Stores) and Geography- Global Market Share, Trend Analysis & Forecast

Protein is a significant constituent of every cell in the body. Our body utilizes protein to build and fix tissues. People also use protein to manufacture enzymes, hormones, and other body chemicals. Protein is an important building block of bones, muscles, cartilage, skin, and blood. Along with fat and carbohydrates, protein is a macronutrient which the body needs relatively in large amounts.

Global Protein Supplements Market- Driving Factors

• Rising awareness about the benefits of healthy diet are the major factors which drive the pea proteins market
• Declining demand for red meat owing to the COVID-19 pandemic
• Inclining consumer trends towards vegan based population

Global Protein Supplements Market- Restrains

• COVID-19 pandemic hampering the supply chain of protein supplements market
• Availability of cheap protein supplement alternatives is likely to hinder the market growth

Protein Supplements Market- Segmental Overview

The study analyses Global Protein Supplements market based on source, raw material, products, distribution channel and geography. 

• Animals and plants are the major sources of protein supplements. Animal based protein supplements is likely to dominate the market over the forecast period.  
• The various raw materials required for the production of protein supplements include whey, casein, soy, pea etc. Pea segment is expected to witness a substantial growth over the estimated timeframe. 
• Protein powder, protein bars, ready to drink products etc. are among the major products of protein supplements. Ready to drink segment is anticipated to grow at a fastest CAGR.
• These products are accessible through supermarkets and hypermarkets, online stores, convenience stores, drug stores etc.

Global Protein Supplements Market-Regional Outlook

The market is studied for the key countries of North America, Europe, Asia Pacific and Rest of the World. North America is anticipated to dominate the market during the estimated timeframe. Increasing vegan population in the U.S. and growing consumer awareness about nutritional benefits offered by pea and pea based products is driving the market in this region. Asia Pacific is projected to grow at a fastest rate during the forecast period. Significant gains in the revenue of functional foods in Japan, China and India is expected to remain a key driving factor. Also, Europe is likely to be the second-largest consumer of the global industry.

Global Protein Supplements Market-Key Players

The major players of the Protein Supplements Market are Abbott Laboratories, Hormel, Transparent Labs, The Nature’s Bounty Co., NOW Foods, JYM Supplement Science, RSP Nutrition, Nutrabolt, BPI Sports LLC, Glanbia PLC, DSM, Amway, GlaxoSmithKline and among other.