Protein Powder Market to Hit $41.5 Billion by 2032, Says Global Market Insights inc.
Global Market Insights Inc.Selbyville, Delaware, Dec. 19, 2022 (GLOBE NEWSWIRE) -- As per the report published by Global Market Insights Inc., the
Selbyville (Delaware), Dec. 19, 2022 (GLOBE NEWSWIRE). The Global Protein Powder Market was valued at USD 21.5 Billion in 2022. It is projected to reach $41.5 Billion by 2032. This report, published by Global Market Insights Inc. shows that the market will grow at a 6.5% CAGR from 2023 to 2032. The protein powder market will be affected by growing concerns about animal health and diet. Protein supplement manufacturers have significant opportunities due to increasing awareness about the benefits of protein intake on livestock health. Protein is good for muscle and tissue growth, improves immunity, and helps maintain healthy cholesterol levels. Protein can also be used to stimulate enzyme synthesis and assist in weight management. Request a sample of this report URL
Between 2023 and 2032, the market for protein powder derived from plant-based proteins will grow at a rate of over 8%. Plant proteins are non-meat protein sources that can be derived from soybeans, wheat, sunflower and other cereals & pulses. These products are affordable and readily available. Plant-based protein options are increasingly popular due to their higher nutritional content of fiber and minerals compared to animal alternatives. By 2032, the protein powder market share in animal nutrition supplements applications segment will reach more than USD 14.5 billion in terms of revenue share. They have excellent functional properties such as high gelling and thickening. They are rich in amino acids that enable hormone and enzyme secretion, which helps to maintain normal body function. Online retailers of protein powder are expected to account for over USD 15.4 billion in 2032. Online stores and electronic commerce sites have gained tremendous popularity in recent years due to the COVID-19 pandemic. The availability and affordability of many goods and services, as well as rapid changes in consumer behavior, make it possible to sell substantial amounts of protein products online. The Europe protein powder market is expected to grow at a more than 7% CAGR from 2023-2032. Increasing awareness and interest in preventative health has led to a high demand for functional foods, nutraceuticals and value-added goods. Innovation and extensive R&D are helping to develop nutritious products that cater to holistic wellness. High-quality protein products are in high demand because of the substantial disposable income found within EU countries. ABH Pharma Inc, Herbalife International of America, Inc., Abbott Laboratories, Glanbia Group., GlaxoSmithKline, GNC Holdings, Vitaco Health, Makers Nutrition, Living Inc, Atlantic Multipower UK Limited, Melaleuca Inc, Omega Protein, Dalblads, Nestle, Atlantic Multipower are some of leading companies in global protein powder industry. Global Market Insights Inc. is an American market research and consulting company based in Delaware. They offer custom and syndicated research reports as well as growth consulting services. Our industry research reports and business intelligence provide clients with actionable market data and insights that are specifically designed to assist strategic decision-making. These comprehensive reports are based on a proprietary research method and can be accessed for key industries like chemicals, advanced materials technology, renewable energy, biotechnology, and other technologies.