Report Description
The global market for Protein Supplement has witnessed continued demand during the last few years and is projected to reach 1,247.78 kilo tons by 2023, at a CAGR of 4.56% by 2023. Increasing awareness about the health benefits of protein supplements is likely to drive the global protein supplement market.
North America will continue to dominate the protein supplement market with more than 35% market share and it is projected to reach more than 400 kilo tons with CAGR of 5.65% by 2023. Asia-Pacific will witness highest growth rate (~5.87%) during forecast period 2017 to 2023. Availability of protein supplement in various forms has increased the popularity and consumption of protein supplement among health conscious consumers especially in the area of nutraceuticals and sports and nutrition.
Plant sourced protein supplement will witness a growth rate (~4.95%). By 2023, plant sourced protein supplement will reach a market volume of more than 600 kilo tons on a global level. High inclination of herbal and natural sourced nutraceuticals products is found to be having a positive impact in its market share growth. The increasing demand for protein in the food products also influencing its positive growth rate in global protein supplements market.
By 2023, nutraceutical based application of protein supplement will reach more than 700 kilo tons market volume with CAGR of 5.14%. Rising consumer’s preference for nutraceuticals with imparting high nutritional value is influencing its growing market share amongst the various other applications of protein supplement. Other than its nutraceutical based application, application of protein supplement in sports nutrition is projected to hold the second largest share in the protein supplement market.
Powder form of protein supplement will continue to dominate the protein supplement market holding a lion’s share of 57%. High self-life and convenience usage will support the sale of powder form of protein supplements. Bar form of protein supplement will witness a highest growth rate (~4.83%) during forecast period 2017 to 2023. By 2023, liquid form of protein supplement is projected to grow at a CAGR of 4.24%.

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Key Players
The leading market players in the global Protein Supplement market primarily are Glanbia Plc. (Ireland), Archer Daniels Midland Company (U.S.), GNC Holdings Inc. (U.S.), Herbalife Ltd (U.S.), GlaxoSmithKline Plc. (U.K.), Abbott Laboratories (U.S.), Amway (U.S.)
Study Objectives of Protein Supplement Market Forecast to 2023
• Detailed analysis for individual micro and macro markets for Protein Supplement
• To estimate market size by Source, Form, Application and Region
• To understand the supply and demand dynamics of Protein Supplement
• To provide region level market analysis and future outlook for U.S., U.K., Ireland, France, and South-East Asia
• Company profiling of major players & competitive positioning for the Protein Supplement market
• Value chain analysis and supply chain analysis of Protein Supplement
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to Protein Supplement market
Target Audience
• Protein Supplement manufacturers
• Sports supplements manufacturers
• Nutraceuticals processing industries
• Retailers and wholesalers
• Traders, importers and exporters
Key Findings
• The Global Protein Supplement market is projected to reach 1,247.78 kilo tons by 2023
• Plant sourced protein supplements will continue to dominate the protein supplement source segment with more than 50% market share
• Nutraceutical based applications will continue to dominate the protein supplement market with more than 55% market share and it is projected to grow at a CAGR of 5.14% by 2023
• Powder form of protein supplement will dominate the protein supplement forms holding a lion’s share in the protein supplement market and growing at a rate of 4.81%

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Regional and Country Analysis of Protein Supplement market Development and Demand Forecast to 2023 Market
As per the MRFR analysis, the global market for protein supplement has witnessed continued demand during the last few years and is projected to reach 1,247.78 kilo tons by 2023, at a CAGR of 4.56% during the forecasted period. North America is estimated to dominate the global protein supplement market holding a lion’s share of more than 30% accounting for a market volume of more than 300 kilo tons. Asia Pacific will witness the highest growth rate of 5.87% in the global protein supplement market whereas Europe and Rest of the world will witness moderate growth rate.
The reports also cover country level analysis:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U,K.
• France
• Italy
• Russia
• Rest of Europe
Asia – Pacific
• China
• Thailand
• India
• Australia
• Others
RoW
• South America
• Middle East
• Africa
• Others


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