Global Protein Powder Market Segments 2024, Forecast To 2033
5 Mar, 2024
The protein powder market has witnessed robust growth, escalating from $25.19 billion in 2023 to $26.94 billion in 2024, with a 7.0% CAGR. Drivers include changing dietary habits, sports nutrition demand, and e-commerce growth. The forecast envisions sustained growth, reaching $36.3 billion in 2028, reflecting a 7.7% CAGR. Trends include increasing health consciousness, aging population, customization and personalization, and dominance of plant-based and functional ingredients.
Global Protein Powder Market Key Driver
The protein powder market is growing, fueled by an increasing number of fitness enthusiasts. A substantial portion of Americans, reported in the 2022 IHRSA Health Club Consumer Report, belong to health clubs or fitness studios. This trend, with a 3.6% growth rate, reflects a rising number of fitness enthusiasts. Protein powder, aiding weight loss and muscle toning, aligns with the preferences of fitness-conscious individuals, contributing to market expansion.
Get A Free Sample Of The Global Protein Powder Market ReportGlobal Protein Powder Market Segments
The protein powder market covered in this report is segmented –
1) By Type: Casein Protein, Whey Protein, Egg Protein, Soy Protein
2) By Flavor: Chocolate, Cookies And Cream, Vanilla, Strawberry, Other Flavors
3) By Sources: Plant Sources, Animal Sources
4) By Distribution Channel: Nutrition Stores, Supermarkets, Chemists, Online, Other Channels
5) By End Use: Dietary Supplements, Food and Beverages, Pharmaceuticals, Other Uses
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the protein powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the protein powder market report during the forecast period. The regions covered in the protein powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Protein Powder Industry Players
NutraBio; Amway Corp.; Abbott Laboratories; Glanbia Plc.; Herbalife International of America Inc.; Vitaco Health Limited; ABH Pharma Inc.; GSK Plc.; Makers Nutrituion LLC; GNC Holdings LLC; Atlantic Multipower UK Limited; Melaleuca Inc.; Dalblads Nutrition AB; BPI Sports LLC; MusclePharm Corporation; CytoSport Inc.; NOW Foods; Hilmar Ingredients; Arla Foods Ingredients; ADM (Archer Daniels Midland Company); HF Series; Nature's Best; Kerry Group; NOW Foods; Isopure; Dymatize Nutrition; Omega Protein Corporation; Jarrow Formulas; Optimum Nutrition; Vega
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AIOps Protein Powder Market Overview
Protein powder refers to dietary supplements that contain a high percentage of protein that is made from animal foods like milk and eggs or plant sources. They are used to build muscle and repair tissue.
Protein Powder Global Market Report 2023 provides data on the global protein powder market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The protein powder market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.