Protein Supplement Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4333235
  • Report
  • Region: Global
  • 220 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Abbott Laboratories,
  • Abh Pharma Inc.,
  • Amway Corporation,
  • Suppleform,
  • Vitaco Health
  • MORE
The global protein supplement market was valued at $2,662 million in 2016, and is projected to reach at $3,946 million by 2023, growing at a CAGR of 5.7% from 2017 to 2023. Protein is a critical component of hormones, vital organs, immunity system, and nervous system. It is usually found in meat & animal products such as beef, dairy, fish, & poultry and plant-based products, which include soy, beans, nuts, & whole grains. The synthetically made high-quality protein sources include different types of protein supplements in the form of powder, shakes, and bars. Protein supplements are the food material, which help build and repair or maintain muscles, skin, and hair in the body. It also helps reduce weight, lower cholesterol, strengthen immunity, and prevent cardiovascular diseases. These are generally brought through online fitness stores due to the variety of options available and the convenience of consumers.

Increase in health-related concerns of people, which shifts their attention toward fitness centers, gyms, and health clubs majorly drives the market growth. Furthermore, rise in obesity rates and growth in disposable income are some other factors that drive the growth of the market. However, presence of cheaper substitutes, side-effects of protein supplements, and negative publicity & claims are expected to hamper the growth of the market during the forecast period. Growth in demand from health-conscious young population and introduction of protein supplements in untapped region are anticipated to provide lucrative opportunities for expansion of the market.

The report segments the global protein supplement market based on type, form, source, distribution channel, and geography. By type, the market is divided into casein, whey protein, egg protein, soy protein, and others. On the basis of form, it is classified into powder, RTD liquid, and protein bars. On account of source, the market is bifurcated into animal and plant sources. Based on distribution channel, it is categorized into supermarket/hypermarket, online stores, chemist/drugstore, nutrition store, health food store, specialist sports store, and others. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The major strategies adopted by key players to expand their business include expansion in untapped regions and new product launches. The market players profiled in the study include Abbott Laboratories, ABH Pharma Inc., Amway Corporation, Glanbia Group, GlaxoSmithKline (GSK), GNC Holdings, Makers Nutrition, Herbalife International of America, Inc., Suppleform, and Vitaco Health.

KEY BENEFITS FOR STAKEHOLDERS

This report provides an extensive analysis of the current trends and emerging estimations & dynamics in the global protein supplement market from 2016 to 2023, in terms of value and volume.
Detailed analysis of the market by type helps understand the different types of protein supplement products that are currently in use, and the variants that are expected to gain prominence in the future.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to offer a competitive advantage to stakeholders to make profit-oriented business decisions and help strengthen their supplier & buyer network.
Extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
Market share for all segments with respect to each geography is detailed in the report, which helps understand the trends in the industry.

KEY MARKET SEGMENTS

By Type

Casein
Whey Protein
Egg Protein
Soy Protein
Others (Pea, Wheat, Rice, Canola, Gelatin, Collagen)

By Form

Powder
RTD Liquid
Protein Bars

By Source

Animal Protein
Plant Protein

By Distribution Channel

Supermarket/Hypermarket
Online
Chemist/Drugstore
Nutrition Store
Health Food Store
Specialist Sports Store
Others

By Geography

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of the Europe
Asia-Pacific
China
India
Japan
Korea
Australia
Rest of the Asia-Pacific
LAMEA
Brazil
KSA
South Africa
Rest of the LAMEA
OTHER KEY PLAYERS

Forever Living Inc.
Garden of Life
Melaleuca Inc.
New Vitality
Nu Skin Enterprises, Inc.
Shaklee Corporation
USANA Health Sciences
Vitacost.com, Inc.
Isostar
Atlantic Multipower UK Limited
Dalblads
*The above list of players are not profiled in the report, but can be added as per client interest.
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories,
  • Abh Pharma Inc.,
  • Amway Corporation,
  • Suppleform,
  • Vitaco Health
  • MORE
CHAPTER 1. INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tool & Model

CHAPTER 2. EXECUTIVE SUMMARY

2.1. KEY FINDINGS OF THE STUDY
2.2. CXO PERSPECTIVES

CHAPTER 3. MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top Investment Pockets
3.2.2. Top winning strategies

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Bargaining Power of Suppliers
3.3.2. Bargaining Power of Buyers
3.3.3. Threat of Substitution
3.3.4. Threat of New Entrants
3.3.5. Competitive Rivalry

3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.1.1. Increase in awareness among people for health & fitness
3.4.1.2. Alarming obesity rates
3.4.1.3. Rise in disposable income
3.4.1.4. Impact analysis

3.4.2. Restraints

3.4.2.1. Presence of cheaper substitutes
3.4.2.2. Side-effects and negative publicity & claims
3.4.2.3. Impact analysis

3.4.3. Opportunities

3.4.3.1. Protein supplements introduction in untapped market
3.4.3.2. Growth in demand from young population
3.4.3.3. Impact analysis

3.5. PATENT ANALYSIS
3.6. TOP PLAYER POSITIONING, 2016 (%)

CHAPTER 4. GLOBAL PROTEIN SUPPLEMENT MARKET, BY TYPE

4.1. INTRODUCTION

4.1.1. Market Size and Forecast

4.2. CAESIN

4.2.1. Key Market Trends, Growth Factors and Opportunities
4.2.2. Market Size and Forecast

4.3. WHEY PROTEIN

4.3.1. Key Market Trends, Growth Factors and Opportunities
4.3.2. Market Size and Forecast

4.4. EGG PROTEIN

4.4.1. Key Market Trends, Growth Factors and Opportunities
4.4.2. Market Size and Forecast

4.5. SOY PROTEIN

4.5.1. Key Market Trends, Growth Factors and Opportunities
4.5.2. Market Size and Forecast

4.6. OTHERS

4.6.1. Key Market Trends, Growth Factors and Opportunities
4.6.2. Market Size and Forecast

CHAPTER 5. GLOBAL PROTEIN SUPPLEMENT MARKET, BY FORM

5.1. INTRODUCTION

5.1.1. Market Size and Forecast

5.2. POWDER

5.2.1. Key Market Trends, Growth Factors and Opportunities
5.2.2. Market Size and Forecast

5.3. RTD LIQUID

5.3.1. Key Market Trends, Growth Factors and Opportunities
5.3.2. Market Size and Forecast

5.4. PROTEIN BARS

5.4.1. Key Market Trends, Growth Factors and Opportunities
5.4.2. Market Size and Forecast

CHAPTER 6. GLOBAL PROTEIN SUPPLEMENT MARKET, BY SOURCE

6.1. INTRODUCTION

6.1.1. Market Size and Forecast

6.2. ANIMAL

6.2.1. Key Market Trends, Growth Factors and Opportunities
6.2.2. Market Size and Forecast

6.3. PLANT

6.3.1. Key Market Trends, Growth Factors and Opportunities
6.3.2. Market Size and Forecast

CHAPTER 7. GLOBAL PROTEIN SUPPLEMENT MARKET, BY DISTRIBUTION CHANNEL

7.1. INTRODUCTION

7.1.1. Market Size and Forecast

7.2. SUPERMARKETS/HYPERMARKETS

7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast

7.3. ONLINE

7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast

7.4. CHEMIST/DRUGSTORE

7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast

7.5. NUTRITION STORE

7.5.1. Key Market Trends, Growth Factors, and Opportunities
7.5.2. Market Size and Forecast

7.6. HEALTH FOOD STORE

7.6.1. Key Market Trends, Growth Factors, and Opportunities
7.6.2. Market Size and Forecast

7.7. SPECIALIST SPORTS STORE

7.7.1. Key Market Trends, Growth Factors, and Opportunities
7.7.2. Market Size and Forecast

7.8. OTHERS

7.8.1. Key Market Trends, Growth Factors and Opportunities
7.8.2. Market Size and Forecast

CHAPTER 8. PROTEIN SUPPLEMENT MARKET, BY GEOGRAPHY

8.1. INTRODUCTION

8.1.1. Market Size and Forecast

8.2. NORTH AMERICA

8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Market Size and Forecast
8.2.3. U.S.

8.2.3.1. Market size and forecast, by type

8.2.4. Canada

8.2.4.1. Market size and forecast, by type

8.2.5. Mexico

8.2.5.1. Market size and forecast, by type

8.3. EUROPE

8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Market Size and Forecast
8.3.3. UK

8.3.3.1. Market size and forecast, by type

8.3.4. Germany

8.3.4.1. Market size and forecast, by type

8.3.5. France

8.3.5.1. Market size and forecast, by type

8.3.6. Italy

8.3.6.1. Market size and forecast, by type

8.3.7. Spain

8.3.7.1. Market size and forecast, by type

8.3.8. Rest of the Europe

8.3.8.1. Market size and forecast, by type

8.4. ASIA-PACIFIC

8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Market Size and Forecast
8.4.3. China

8.4.3.1. Market size and forecast, by type

8.4.4. India

8.4.4.1. Market size and forecast, by type

8.4.5. Japan

8.4.5.1. Market size and forecast, by type

8.4.6. South Korea

8.4.6.1. Market size and forecast, by type

8.4.7. Australia

8.4.7.1. Market size and forecast, by type

8.4.8. Rest of Asia-Pacific

8.4.8.1. Market size and forecast, by type

8.5. LAMEA

8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Market Size and Forecast
8.5.3. Brazil

8.5.3.1. Market size and forecast, by type

8.5.4. KSA

8.5.4.1. Market size and forecast, by type

8.5.5. South Africa

8.5.5.1. Market size and forecast, by type

8.5.6. Rest of the LAMEA

8.5.6.1. Market size and forecast, by type

CHAPTER 9. COMPANY PROFILES

9.1. ABBOTT LABORATORIES

9.1.1. Company Overview
9.1.2. Company Snapshot
9.1.3. Operating Business Segments
9.1.4. Business Performance
9.1.5. Key Strategic Moves and Developments

9.2. ABH PHARMA INC.

9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Business Performance
9.2.5. Key Strategic Moves and Developments

9.3. AMWAY CORPORATION

9.3.1. Company Overview
9.3.2. Company Snapshot
9.3.3. Operating Business Segments
9.3.4. Business Performance
9.3.5. Key Strategic Moves and Developments

9.4. GLANBIA GROUP

9.4.1. Company Overview
9.4.2. Company Snapshot
9.4.3. Operating Business Segments
9.4.4. Business Performance
9.4.5. Key Strategic Moves and Developments

9.5. GLAXOSMITHKLINE (GSK)

9.5.1. Company Overview
9.5.2. Company Snapshot
9.5.3. Operating Business Segments
9.5.4. Business Performance
9.5.5. Key Strategic Moves and Developments

9.6. GNC HOLDINGS

9.6.1. Company Overview
9.6.2. Company Snapshot
9.6.3. Operating Business Segments
9.6.4. Business Performance
9.6.5. Key Strategic Moves and Developments

9.7. MAKERS NUTRITION

9.7.1. Company Overview
9.7.2. Company Snapshot
9.7.3. Operating Business Segments
9.7.4. Business Performance
9.7.5. Key Strategic Moves and Developments

9.8. HERBALIFE INTERNATIONAL OF AMERICA, INC.

9.8.1. Company Overview
9.8.2. Company Snapshot
9.8.3. Operating Business Segments
9.8.4. Business Performance
9.8.5. Key Strategic Moves and Developments

9.9. SUPPLEFORM

9.9.1. Company Overview
9.9.2. Company Snapshot
9.9.3. Operating Business Segments
9.9.4. Business Performance
9.9.5. Key Strategic Moves and Developments

9.10. VITACO HEALTH

9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Operating Business Segments
9.10.4. Business Performance
9.10.5. Key Strategic Moves and Developments
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Abbott Laboratories,
  • Abh Pharma Inc.,
  • Amway Corporation,
  • Suppleform,
  • Vitaco Health
  • MORE
Protein Supplement Market Report, forecasts that the global market is projected to reach at $3,946 million by 2023 from $2,662 million in 2016, growing at a CAGR of 5.7% from 2017 to 2023. The whey protein supplement segment accounted for nearly half of the global market volume in 2016.

Protein is an essential nutrient and second most abundant substance present in the body after water. Protein supplements are concentrated sources of protein from animal or plant source including dairy, eggs, wheat, soybean, pea, and more. They are present in three common forms, that is, powders, bars, and ready to drink (RTD) liquids. Protein powder is one of the most common protein supplements, available in the market as protein concentrates, protein isolates, and protein hydrolysates. The concentrates consist of 60%-80% protein and 20%30% fat & carbs; the isolates contain 90%-95% protein; and hydrolysates boost the absorption of protein subsequently enhancing the muscle growth response to exercise. These products are consumed by individuals who strive to build muscle, increase & maintain body mass, or lose weight. Also, people take protein supplements to fulfill the necessary energy and vitamins needed through strenuous workouts as well as to compensate the nutrients & vitamins loss during reducing food intake.
Health benefits associated with consuming protein supplements and rise in fitness concerns among people in different regions drive the market. In addition, increase in number of fitness & training centers, rise in disposable income, and alarming obesity rates also fuel the market growth. However, presence of cheap replacements and false claims coupled with negative publicity are expected to hamper the growth of the market during the forecast period. Rise in protein supplement demand from health-conscious young population of the developing nations and strengthening of distribution channels in untapped regions are expected to provide numerous opportunities for expansion in the global protein supplement market.
The online segment was the leading distribution channel with most of the protein supplement market share in 2016 with the highest CAGR of 6.8% during the forecast period. This is attributed to the large number of options or alternatives present in online shopping resulting in convenience of people willing to buy protein supplement or related products.
According to studies, protein supplements maintains blood pressure, improves immune system, aids in weight management, reduces risk of cardio vascular diseases, and more. In 2016, the whey protein segment occupied the major market, in terms of revenue, accounting for more than one-third of the share. This trend is expected to be continued during the forecast period as well, owing to its ease in digestibility, richness in branched-chain amino acids, and more. The soy protein segment accounted for second highest market share in 2016, and is expected to grow at a highest CAGR during the forecast period. North America and Europe accounted for nearly 80% share of the global protein supplement market in 2016, due to the large-scale demand of protein supplement in these regions.

Key Findings of the Protein Supplement Market:
Soy protein segment is projected to witness the highest CAGR of 7.0% in terms of revenue during the forecast period.
The Asia-Pacific protein supplement market is expected to grow at the highest CAGR of 7.3%, due to increase in awareness among people regarding health & fitness subsequently resulting in increase in demand for protein supplement products.
Online segment of distribution channels occupied the largest market with maximum value share in 2016, and is expected to grow at the highest CAGR during the forecast period.
The U.S. is the largest country in terms of demand and production of protein supplement in the market.
Protein powder form is a prevalent segment and is anticipated to witness the second highest growth rate, registering a CAGR of 5.6% from 2017 to 2023, in terms of value.
In 2016, North America and Europe collectively accounted for around 80% of the protein supplement market share, registering a significant CAGR, and are anticipated to retain their position in the global protein supplement market in 2023. This is attributed to the significant rise in health-conscious population coupled with presence of variety of protein supplements based on need of the people in both the regions.
Major companies profiled in the report include Abbott Laboratories, ABH Pharma Inc., Amway Corporation, Glanbia Group, GlaxoSmithKline (GSK), GNC Holdings, Makers Nutrition, Herbalife International of America, Inc., Suppleform, and Vitaco Health.
Note: Product cover images may vary from those shown
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  • Abbott Laboratories,
  • Abh Pharma Inc.,
  • Amway Corporation,
  • Glanbia Group, Glaxosmithkline (Gsk),
  • Gnc Holdings, Makers Nutrition,
  • Herbalife International Of America, Inc.,
  • Suppleform,
  • Vitaco Health
Note: Product cover images may vary from those shown
6 of 6
Note: Product cover images may vary from those shown
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