Description
On the basis of high nutritional value and rising awareness about health benefits obtained from protein supplement, the global demand of protein supplement is anticipated to experience a surge during the forecast period. The global market of protein supplement is projected to reach a market volume of 1,247.78 kilo tons during the corresponding period. Increase in disposable income across the regions also has a positive impact on this market. Owing to the major drivers including developing economy and rising health consciousness, North America will dominate the protein supplement market and is evaluated to hold a share of more than 35% in the global protein supplement market.
Furthermore, based on the increasing population of consumers from Asia Pacific region inclining towards adopting healthy lifestyle, protein supplement market in Asia-Pacific will witness highest growth rate (~5.87%) during forecast period. Europe is anticipated to experience a moderate growth rate. Significant application of protein supplement as nutraceuticals and sports nutrition has a positive impact on the market share growth in European countries.
Owning to rising consumers’ inclination towards adoption of vegan life-style, plant sourced protein supplement will witness the highest growth rate and is estimated to dominate among the various sources. By 2023, plant sourced protein supplement is evaluated to reach a market volume of more than 600 kilo tons on a global level.
Nutraceutical based application of protein supplement will dominate the market share and will reach a market volume of more than 700 kilo tons. Rising consumer’s preference for nutraceuticals with high nutritional value is influencing its market growth among various other applications of protein supplement. Other than its nutraceutical based application, application of protein supplement in sports nutrition is projected to hold a significant share in the protein supplement market.
High shelf-life and convenience usage will support the growth of powder form of protein supplement. Powder form will dominate the protein supplement’s form and is anticipated to hold a major share of more than 50%. In addition, based on high demand for ‘on-the-go’ nutritional products, protein supplement in the bar form will witness the highest growth rate (~4.83%) during forecast period 2017 to 2023. By 2023, liquid form of protein supplement is projected to grow at a moderate CAGR.
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%
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
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Russia
o Rest of Europe
• Asia – Pacific
o China
o Thailand
o India
o Australia
o Others
• RoW
o South America
o Middle East
o Africa
o Others
1 Executive Summary 10
2 Introduction 11
2.1 Definition 11
2.2 Scope of the Study 11
2.2.1 Research Objective 11
2.2.2 Assumptions 11
2.2.3 Limitations 11
2.3 Market Structure 12
3 Research Methodology 14
3.1 Introduction 14
3.2 Primary Research 15
4 Secondary Research 16
5 Market Dynamics 17
5.1 Introduction 17
5.1.1 Drivers 18
5.1.1.1 Rising awareness about benefits of protein supplement 18
5.1.1.2 Rising healthcare cost 18
5.1.1.3 Functional Properties 19
5.1.2 Restraints 19
5.1.2.1 Availability of substitute 19
5.1.2.2 Negative impact on health 19
5.1.3 Opportunities 20
5.1.3.1 Increasing weight management practices 20
5.1.3.2 Rise in demand for sport nutrition 20
5.1.3.3 Improved supply network through distribution channels 20
5.1.4 Challenges 20
5.1.4.1 Competition with plant protein 20
5.1.4.2 Low consumer awareness in developing nations 20
5.1.4.3 Rising commodity prices 20
6 Market Trends 21
6.1 Trends in Supply/Production 21
6.2 Trends in Demand/Consumption by function 22
6.3 Emerging Markets (Supply & Demand) 23
7 Emerging markets for proteins 24
7.1 Introduction 24
7.2 Trend in Protein concentrates and textured protein substances exports and imports 24
7.2.1 Trend in Protein concentrates and textured protein substances Exports 24
7.2.2 Trend in Protein concentrates and textured protein substances Imports 25
7.3 Innovations in Products/Process in Proteins 25
7.4 Macroeconomic Indicator Analysis for Top 4 Protein supplement s Market 29
7.4.1 Pestle Analysis-U.S. 29
7.4.2 Pestle Analysis-U.K. 30
7.4.3 Pestle Analysis-India 31
7.4.4 Pestle Analysis-China 32
8 Market Factor Analysis 34
8.1 Introduction 34
8.2 Value Chain Analysis 34
8.3 Porter’s Five Forces 35
8.3.1 Bargaining Power of Suppliers 36
8.3.2 Threat of New Entrants 36
8.3.3 Bargaining Power of Buyers 36
8.3.4 Threat of Substitutes 36
8.3.5 Competitive Rivalry Between Existing Players 37
8.4 Supply Chain Analysis 37
9 Global Protein supplement s Market Overview 38
9.1 Global Protein supplement s Market Overview 38
10 Global Protein supplement s Market-By Source 41
11 Global Protein supplement s Market Market-By Application 44
12 Global Protein supplement s Market Market-By Form 48
13 North America Protein supplements Market 51
14 Europe Protein Supplement Market 58
15 Asia Pacific Protein Supplement Market 69
16 Rest of World Protein supplement Market 79
17 Competitive Landscape 88
17.1 Introduction 88
17.2 Product Launch/Development 90
17.3 Business Expansion 90
17.4 Acquisitions 91
18 Company Profiles 92
18.1 Glanbia Plc. 92
18.1.1 Introduction 92
18.1.2 Company Snapshot 92
18.1.3 Product Portfolio 93
18.1.4 Key Developments 95
18.1.5 SWOT Analysis of Glanbia Plc 96
18.2 Archer Daniels Midland Company 97
18.2.1 Introduction 97
18.2.2 Company Snapshot 97
18.2.3 Product Portfolio 97
18.2.4 SWOT Analysis of Archer Daniels Midland Company 98
18.2.5 Key Developments 99
18.3 GNC Holdings Inc. 100
18.3.1 Introduction 100
18.3.2 Company Snapshot 100
18.3.3 Product Portfolio 101
18.3.4 Key developmets 102
18.3.5 SWOT Analysis of GNC Holdings Inc. 103
18.4 Herbalife Ltd 104
18.4.1 Introduction 104
18.4.2 Company Snapshot 104
18.4.3 Product Portfolio 105
18.4.4 Key Developments 105
18.4.5 SWOT Analysis of Herbalife 106
18.5 GlaxoSmithKline Plc. 107
18.5.1 Introduction 107
18.5.2 Company Snapshot 107
18.5.3 Product Portfolio 107
18.5.4 Key Developments 108
18.6 Abbott Laboratories 109
18.6.1 Introduction 109
18.6.2 Company Snapshot 109
18.6.3 Product Portfolio 109
18.6.4 Key Developments 110
18.7 Amway 111
18.7.1 Introduction 111
18.7.2 Company Snapshot 111
18.7.3 Product Portfolio 111
18.7.4 Key Developments 112
TABLE 1 INNOVATIONS IN PRODUCTS/PROCESS IN PROTEINS 25
TABLE 2 PESTLE ANALYSIS-U.S. 29
TABLE 3 PESTLE ANALYSIS- U.K. 30
TABLE 4 PESTLE ANALYSIS-INDIA 31
TABLE 5 PESTLE ANALYSIS-CHINA 32
TABLE 6 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY REGION (2014-2023), KILO TONS 38
TABLE 7 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY SOURCE (2014-2023), KILO TONS 39
TABLE 8 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY APPLICATION (2014-2023), KILO TONS 40
TABLE 9 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY FORM (2014-2023), KILO TONS 40
TABLE 10 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY SOURCE (2014-2023), KILO TONS 41
TABLE 11 GLOBAL PLANT SOURCE PROTEIN SUPPLEMENT S MARKET, BY REGION(2014-2023), KILO TONS 42
TABLE 12 GLOBAL ANIMAL SOURCE PROTEIN SUPPLEMENT S MARKET, BY REGION (2014-2023), KILO TONS 42
TABLE 13 GLOBAL OTHER SOURCE PROTEIN SUPPLEMENT S MARKET, BY REGION(2014-2023), KILO TONS 43
TABLE 14 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY APPLICATION (2014-2023), KILO TONS 44
TABLE 15 GLOBAL PROTEIN SUPPLMENTS MARKET, BY FOOD APPLICATION, BY REGION (2014-2023),KILO TONS 45
TABLE 16 GLOBAL PROTEIN SUPPLMENTS MARKET, BY BEVERAGE APPLICATION , BY REGION (2014-2023), KILO TONS 45
TABLE 17 GLOBAL PROTEIN SUPPLMENTS MARKET, BY NUTRACEUTICALS APPLICATION , BY REGION (2014-2023), KILO TONS 46
TABLE 18 GLOBAL PROTEIN SUPPLMENTS MARKET, BY SPORTS NUTRITION APPLICATION , BY REGION (2014-2023), KILO TONS 46
TABLE 19 GLOBAL PROTEIN SUPPLMENTS MARKET, BY PHARMACEUTICALS APPLICATION , BY REGION (2014-2023), KILO TONS 47
TABLE 20 GLOBAL PROTEIN SUPPLMENTS MARKET, BY OTHER APPLICATION , BY REGION (2014-2023), KILO TONS 47
TABLE 21 GLOBAL PROTEIN SUPPLEMENT S MARKET, BY FORM (2014-2023), KILO TONS 48
TABLE 22 GLOBAL PROTEIN SUPPLMENTS MARKET, BY POWDER FORM, BY REGION (2014-2023), KILO TONS 49
TABLE 23 GLOBAL PROTEIN SUPPLMENTS MARKET, BY BARS FORM, BY REGION (2014-2023),KILO TONS 49
TABLE 24 GLOBAL PROTEIN SUPPLMENTS MARKET, BY LIQUID FORM , BY REGION (2014-2023), KILO TONS 50
TABLE 25 GLOBAL PROTEIN SUPPLMENTS MARKET, BY OTHER FORM , BY REGION (2014-2023), KILO TONS 50
TABLE 26 NORTH AMERICA PROTEIN SUPPLEMENT S MARKET, BY COUNTRY (2014-2023), KILO TONS 51
TABLE 27 NORTH AMERICA PROTEIN SUPPLEMENT S MARKET, BY SOURCE (2014-2023), KILO TONS 51
TABLE 28 NORTH AMERICA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 52
TABLE 29 NORTH AMERICA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 52
TABLE 30 U.S. PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 53
TABLE 31 U.S. PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 53
TABLE 32 U.S. PROTEIN SUPPLEMENT MARKET, BY DELIVERY FORM (2014-2023), KILO TONS 54
TABLE 33 CANADA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 54
TABLE 34 CANADA PROTEIN SUPPLEMENT MARKET, BY APPLICATION, (2014-2023), KILO TONS 55
TABLE 35 CANADA PROTEIN SUPPLEMENT MARKET, BY DELIVERY FORM (2014-2023), KILO TONS 55
TABLE 36 MEXICO PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 56
TABLE 37 MEXICO PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 56
TABLE 38 MEXICO PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 57
TABLE 39 EUROPE PROTEIN SUPPLEMENT MARKET, BY COUNTRY(2014-2023), KILO TONS 58
TABLE 40 EUROPE PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 58
TABLE 41 EUROPE PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 59
TABLE 42 EUROPE PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 59
TABLE 43 GERMANY PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 60
TABLE 44 GERMANY PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 60
TABLE 45 GERMANY PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 61
TABLE 46 U.K. PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 61
TABLE 47 U.K. PROTEIN SUPPLEMENT MARKET, BY APPLICATION, (2014-2023), KILO TONS 62
TABLE 48 U.K. PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 62
TABLE 49 FRANCE PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 63
TABLE 50 FRANCE PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 63
TABLE 51 FRANCE PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 64
TABLE 52 ITALY PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 64
TABLE 53 ITALY PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 65
TABLE 54 ITALY PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 65
TABLE 55 RUSSIA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 66
TABLE 56 RUSSIA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 66
TABLE 57 RUSSIA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 67
TABLE 58 REST OF EUROPE PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 67
TABLE 59 REST OF EUROPE PROTEIN SUPPLEMENT MARKET, BY APPLICATION, (2014-2023), KILO TONS 68
TABLE 60 REST OF EUROPE PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 68
TABLE 61 ASIA PACIFIC PROTEIN SUPPLEMENT MARKET, BY COUNTRY (2014-2023), KILO TONS 69
TABLE 62 ASIA PACIFIC PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 69
TABLE 63 ASIA PACIFIC PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 70
TABLE 64 ASIA PACIFIC PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 70
TABLE 65 CHINA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 71
TABLE 66 CHINA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 71
TABLE 67 CHINA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 72
TABLE 68 THAILAND PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 72
TABLE 69 THAILAND PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 73
TABLE 70 THAILAND PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 73
TABLE 71 INDIA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 74
TABLE 72 INDIA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 74
TABLE 73 INDIA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 75
TABLE 74 AUSTRALIA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 75
TABLE 75 AUSTRALIA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 76
TABLE 76 AUSTRALIA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 76
TABLE 77 REST OF APAC PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 77
TABLE 78 REST OF APAC PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 77
TABLE 79 REST OF APAC PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 78
TABLE 80 REST OF THE WORLD PROTEIN SUPPLEMENT MARKET, BY REGION (2014-2023), KILO TONS 79
TABLE 81 REST OF THE WORLD PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 79
TABLE 82 REST OF THE WORLD PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 80
TABLE 83 REST OF THE WORLD PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 80
TABLE 84 SOUTH AMERICA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 81
TABLE 85 SOUTH AMERICA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 81
TABLE 86 SOUTH AMERICA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 82
TABLE 87 MIDDLE EAST PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 82
TABLE 88 MIDDLE EAST PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 83
TABLE 89 MIDDLE EAST PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 83
TABLE 90 AFRICA PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 84
TABLE 91 AFRICA PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 84
TABLE 92 AFRICA PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 85
TABLE 93 OTHER COUNTRIES PROTEIN SUPPLEMENT MARKET, BY SOURCE (2014-2023), KILO TONS 85
TABLE 94 OTHER COUNTRIES PROTEIN SUPPLEMENT MARKET, BY APPLICATION (2014-2023), KILO TONS 86
TABLE 95 OTHER COUNTRIES PROTEIN SUPPLEMENT MARKET, BY FORM (2014-2023), KILO TONS 86
TABLE 96 OTHER COUNTRIES PROTEIN SUPPLEMENT MARKET, BY DISTRIBUTION CHANNEL (2014-2023), KILO TONS 87
TABLE 97 COMPETIVE LANDSCAPING: PROTEIN SUPPLEMENTS MARKET: BY STRATEGY 89
FIGURE 1 RESEARCH METHODOLOGY 14
FIGURE 2 PRIMARY RESEARCH 15
FIGURE 3 SECONDARY DATA ANALYSIS APPROACH 16
FIGURE 4 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF PROTEIN SUPPLEMENT S MARKET 17
FIGURE 5 DRIVERS OF PROTEIN SUPPLEMENT S MARKET 18
FIGURE 6 RESTRAINTS OF PROTEIN SUPPLEMENT S MARKET 19
FIGURE 7 GLOBAL PROTEIN SUPPLEMENT MARKET SUPPLY TRENDS AND FORECAST (2017-2023) 21
FIGURE 8 GLOBAL PROTEIN SUPPLEMENT MARKET DEMAND TRENDS AND FORECAST, BY FUNCTION (2017-2023) 22
FIGURE 9 EMERGING MARKETS (SUPPLY & DEMAND) 23
FIGURE 10 TREND IN EXPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 24
FIGURE 11 TREND IN IMPORT SHARE OF PROTEIN CONCENTRATES & TEXTURED PROTEIN SUBSTANCES 25
FIGURE 12 PATENTS ON PROTEIN-1995-2017 27
FIGURE 13 TREND IN PATENTS OF PROTEIN-1995-2017 28
FIGURE 14 VALUE CHAIN OF PROTEIN SUPPLEMENT 34
FIGURE 15 PORTER FIVE FORCES- PROTEIN SUPPLEMENT MARKET 35
FIGURE 16 SUPPLY CHAIN OF PROTEIN SUPPLEMENT 37
FIGURE 17 GLOBAL PROTEIN SUPPLEMENT MARKET, (2014-2023), BY REGION, KILO TONS 39
FIGURE 18 GLOBAL PROTEIN SUPPLEMENT MARKET, (2014-2023), BY SOURCE, KILO TONS 41
FIGURE 19 GLOBAL PROTEIN SUPPLEMENT MARKET, (2014-2023), BY APPLICATION, KILO TONS 44
FIGURE 20 GLOBAL PROTEIN SUPPLEMENT MARKET, (2014-2023), BY FORM, KILO TONS 48
FIGURE 21 COMPETIVE LANDSCAPING: PROTEIN SUPPLEMENT MARKET: BY STRATEGY 88
