The Protein Supplement Market was worth USD 1.67 billion in the year 2014 and is expected to reach approximately USD 2.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.59% during the forecast period. The developing interest for protein among ladies attributable to the “solid not thin” pattern and rising fame of protection preparing for ladies are probably going to fuel the market development. In addition, the expanding reception of high protein abstains from food as a piece of weight lessening is required to move the demand. The simple and inexhaustible accessibility of crude materials including whey, casein and soy combined with the expanding interest for sports nourishment and nearness of countless including Glanbia; NBTY; and IOVATE is probably going to drive request over the conjecture time frame. However, variances in the crude material costs and controls on nourishment allergens are probably going to block the business development over the forecast period.
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Protein Supplement Market Application Outlook and Trend Analysis:
On the basis of Application, the worldwide Protein Supplement market is segmented into Sports Nutrition and Functional Foods. The expanding interest for sports nutritional supplements from nations including the U.S., Canada, the UK, Germany, Italy, and India is relied upon to drive request over the estimate period. Moreover, the developing interest for sports wholesome supplementation to advance slender muscle development, enhance execution and stamina, and weight diminishment combined with the expanding number of exercise center goers is required to fuel showcase demand.
Protein Supplement Market Regional Outlook and Trend Analysis:
North America was the overwhelming business sector in 2016 and represented highest market share because of the nearness of an expansive number of players and the developing games sustenance industry. The developing interest for wellness supplements from customers and competitors is relied upon to fuel showcase development over the estimate time frame. Europe is relied upon to demonstrate a sensible development over the conjecture time frame inferable from an accentuation on solid living, developing pattern toward preventive medicinal services, and expanding interest for protein supplement from nations including the UK and Germany.
Protein Supplement Market Competitive Insights:
Key players at present engaged with generation incorporate are GNC; NOW Foods; NBTY; AMCO; Quest Nutrition; and IOVATE. The key market players have set up their appropriation systems for the supply of items in creating areas including Focal and South America and Asia Pacific inferable from the expanding request from these districts.
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Protein Supplement Market Table of Contents:
1.1. Report Description
1.2. Research Methodology
1.2.1. Secondary Research
1.2.2. Primary Research
2. Executive Summary
2.1. Key Highlights
3. Market Overview
3.1.1. Market Definition
3.1.2. Market Segmentation
3.2. Market Share Analysis
3.3. Market Dynamics
…CONTINUED FOR TOC
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