The global protein supplements market is projected to grow at a modest CAGR of nearly 5.8% during the forecast period (2021-2027). The primary factor driving the protein supplements market is the increasing popularity of protein supplements in the millennials and the rising importance of an active and healthy lifestyle. Further, the growing awareness regarding the health benefits provided by protein supplements is another major factor propelling the growth of the market. Further, increasing disposable income, shift towards protein-rich diets, and increasing health awareness are some factors accelerating the market growth.

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The global protein supplements market is segmented based on source, product, application, and distribution channel. Based on the source, the market is segmented into animal-based and plant-based. Among the source, the plant-based segment is the fastest-growing segment owing to their increased popularity for this product. Based on product, the market is segmented into powder, bars, ready-to-drink, and others. Among products, the powder segment is estimated to hold a lucrative share in the market. The attributable factor for the growth of the segment is the availability of a wide range of products by different brands in the market. Based on application, the market is segmented into sports nutrition and functional food. Among the application, the sports nutrition segment is estimated to hold a lucrative share in the market. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, and online distribution channels. Among the distribution channel, the online distribution channel is estimated to hold a lucrative share in the market. The attributable factor for the growth of the segment is growing internet penetration for online shopping.

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The global protein supplements market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the protein supplements market in the region. The regional growth of the market is accredited to the changing consumer lifestyle coupled with rising disposable income in the economies such as China and India. North America held a major market position in the global protein supplements market in 2020. and growing investments in the field are some of the key factors driving the growth of the regional market. Europe is the second-largest market in 2020 owing to increased emphasis on a healthy lifestyle.

Global Protein Supplements Market – Segmentation
by Source
Animal Based
Plant Based
by Product
Powder
Bars
Ready-to-Drink
Others
by Application
Sports Nutrition
Functional Food
by Distribution Channel
Supermarket and Hypermarket
Online Distribution Channel

Global Protein Supplements Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Abbott Laboratories
AMCO Proteins
Amway Corp.
BPI Sports, LLC
BRF S.A
CytoSport, Inc.
Dymatize Enterprises, LLC
Gelita AG
Glanbia PLC
GlaxoSmithKline PLC
Havero Hoogwegt
International Dehydrated Foods, Inc.
Iovate Health Sciences International, Inc.
MusclePharm Corp.
NOW Foods
Optimum Nutrition, Inc.
Rousselot
RSP Nutrition
The Bountiful Co.
Transparent Labs
Woodbolt Distribution LLC

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