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Protein Powder Market size surpassed USD 21.5 billion in 2022 and is anticipated to expand at 6.5% CAGR from 2023 to 2032.
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The global market for vegan protein powder is poised to cross USD 8.8 billion by 2032. A steady shift in consumer preference for vegan food alternatives will complement the protein powder market outlook. Several countries have reported a significant growth in the spread of animal-borne diseases, compelling people to adopt a vegan diet. The emergence of novel pandemics and epidemics worldwide has further propelled consumer interest in holistic lifestyles resulting in implementation of lifestyle changes and dietary interventions. Additionally, rising incidences of water-borne illnesses such as cholera, and diarrhea in young children below the age of five will accelerate the consumption of high-value food productions to meet nutritional requirements.
Report Attribute | Details |
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Base Year: | 2022 |
Protein Powder Market Size in 2022: | 21.6 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.5% |
2032 Value Projection: | 41.7 Billion (USD) |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 383 |
Segments covered: | Product |
Growth Drivers: |
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Pitfalls & Challenges: |
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Very stringent government regulations pertaining to protein supplements could restrain the industry expansion. Several regional governments have implemented rigorous rules to manage the applications of different food ingredients, which hinders the large-scale consumption of products such as protein powders. Furthermore, growing consumer awareness and concerns regarding the potential side effects of protein consumption may impede the market demand. Easy access to counterfeit products, availability of cheaper protein substitutes, inaccurate product claims, and consequences associated with overusing protein enhances are some of the major challenges for protein powder manufacturers.
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The protein powder market valuation from the animal-based source segment will surpass USD 34 billion by 2032. Meat has been the primary source of protein for decades. Animal protein meals are rich in amino acids which helps enhance the productivity and performance of animals. Casein, fish protein, whey protein, egg protein, and protein sourced from animal by-products are commonly used to aid amino acid synthesis in animals.
Due to their high nutritional profile comprising minerals such as calcium, and phosphorous, animal protein supplements are increasingly being utilized by the feed compounding industry. Various advantages of animal-based proteins such as optimum functional characteristics including gelling, foaming, emulsification, and thickening properties make them an ideal fit for feed applications. Expanding animal feed sector is also fueling the demand for nutrient-rich feed for swine, cattle, aquaculture, and poultry.
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In terms of applications, human nutrition supplements segment is projected to observe around 7% CAGR through 2032. Food supplements are widely consumed to bridge the gap between required nutritional intake and emphasize on high-value foods that promote certain physiological processes. Shifting consumer preferences, changing lifestyles, evolving dietary tastes, and rapid urbanization have resulted in paradigm growth in supplementation with protein powders. Rising incidences of cardiovascular diseases and weight control programs will complement segment growth. The lack of proteins and micronutrients in western diets has led to a rise in the adoption of nutritional supplements as a part of regular diets. The sports nutrition ingredients market size is set to reach USD 7.3 billion by 2032.
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Protein powder market size from supermarket/hypermarket will exhibit a CAGR of 8% CAGR till 2032. Supermarkets such as Kroger, Walmart, and Albertsons are large retailers that procure goods from manufacturers and then provide them to end-users. These retailer chains are scaling up expansion efforts to meet the growing commodity needs of the vast global population. Due to dynamic urbanization and a rise in disposable incomes, several nations have witnessed a surge in the number of hypermarkets and supermarkets to cater to the urban locale. In recent years, mainstream stores have emerged as promising tools to boost sales networks and distribution of the protein powder industry.
North America protein powder market will exceed USD 18 billion by 2032. The emergence of new nutrition trends such as personalized food, and vegan and plant-based nutrition are propelling the demand for protein powders in North America. Plant-based proteins are picking pace in the U.S., and Canada owing to their anti-inflammatory and antioxidant properties, which help reduce the damage caused by free radicals to the skin and body organs. Growing consumer awareness and rising inclination toward food nutrition and skin health will showcase a positive market outlook.
Some of the leading companies in the global protein powder market include :
These companies are focusing on the development and expansion of production capacities.
The COVID-19 pandemic introduced new business prospects for protein powder manufacturers. The pandemic expedited awareness and emphasized on the benefits of adequate protein intake to prevent infections. Nutritional requirements outlined by physicians for COVID-19 patients primarily focused on protein intake due to its ability to help recover from extreme nutrition losses. The pandemic along with extensive R&D initiatives demonstrated the efficacy of proteins to prevent severe illnesses. Studies found that protein deficiency could lead to impaired immune system function as it hinders functional immunoglobulins, and gut-associated lymphoid tissue (GALT). Additionally, a lack of protein increases the risk of a spectrum of medical conditions, including COVID-19 infections. As a result, the pandemic fueled protein consumption among affected patients as well as the general public.
The Global protein powder Market research report includes in-depth coverage of the industry with estimates & forecasts in terms of volume in tons & in terms of revenue in USD million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Source
By Application
By Distribution Channel
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