Protein Supplement Market to Significant Growth Foreseen by 2017 to 2023Posted by Mangesh on March 15th, 2019 The Global Protein Supplement Market is projected to reach at ,946 million by 2023 from ,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. Download PDF Report Sample @ https://www.alliedmarketresearch.com/request-sample/2330 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 company profiles:
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. Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/2330 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:
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